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<br /> <br /> <br /> REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> <br /> <br /> DATE: June 17, 2008 Re: Comm. No. 1275/Resolution No. 678-08 <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. 678-08, reports as follows: <br /> <br /> Resolution No. 678-08, transmitted by Director of Finance William Takaba, via Communication <br /> No. 1275, 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 public parking lot and vehicular <br /> turnaround area in Kainaliu, North Kona, Tax Map Key: (3) 7-9-007:005 (portion) from Kainaliu <br /> Properties, LLC, for a five-year lease agreement, with an additional five-year term option. <br /> <br /> The portion containing approximately 13,370 square feet will allow for the construction of an <br /> off-street public parking lot and a vehicle turnaround (u-turn) area. <br /> <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. 678-08, <br /> and recommends its adoption. <br /> <br /> la <br /> <br /> <br /> <br /> <br /> AYES NOES A&E EX Respectfully submitted, <br /> <br /> FORD X <br /> HIGA X COMMITTEE ON FINANCE <br /> HOFFMANN X <br /> IKEDA X <br /> JACOBSON X 't //V1 <br /> NAEOLE X BOB JA SON, VICE-C AIR <br /> PILAGO X C REPORT NO. 298 <br /> YAGONG X <br /> YOSHIMOTO X ADOPTED: JUL 0 2 2008 <br />