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<br /> <br /> <br /> REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> <br /> <br /> DATE: June 17, 2008 Re: Comm. No. 1274/Resolution No. 677-08 <br /> PLACE: Council Chambers <br /> TIME: 9:00 a.m. <br /> <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> <br /> Your Committee on Finance, to which was referred Resolution No. 677-08, reports as follows: <br /> <br /> Resolution No. 677-08, transmitted by Director of Finance William Takaba, via Communication <br /> No. 1274, dated June 2, 2008, authorizes the payment of funds of a later fiscal year and of more <br /> than one fiscal year for a multi-year lease of real property for a vehicular turnaround area in <br /> Kainaliu, North Kona, Tax Map Key: (3) 7-9-009:018 (portion) from the Kadooka Family, for a <br /> five-year lease agreement for the use of a portion containing approximately 2,480 square feet, to <br /> allow the construction of a vehicle turnaround area, to be partially within the existing road right- <br /> of-way and partially within the requested leased area of Kadooka's property. <br /> Pursuant to Section 10-11, Hawaii County Charter, any contract, lease or other obligation <br /> requiring payment of funds from the appropriations of a later fiscal year must be approved by <br /> resolution. <br /> <br /> There was no discussion on this measure. <br /> <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 677-08, <br /> and recommends its adoption. <br /> <br /> la <br /> <br /> <br /> <br /> <br /> <br /> AYES NOES A&E EX Respectfully submitted, <br /> FORD X <br /> HIGA X COMMITTEE ON FINANCE <br /> HOFFMANN X <br /> IKEDA X <br /> <br /> JACOBSON X <br /> ON, VICE-CHAIR <br /> NAEOLE X BOB JA O V <br /> PILAGO X C REPORT NO. 297 <br /> YAGONG X <br /> YOSHIMOTO X ADOPTED: ~UL O T 2008 <br />