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<br /> <br /> Form B-52 <br /> 7/18/91 <br /> <br /> DEPARTMENT OF FINANCE <br /> <br /> REQUEST FOR COUNCIL ACTION <br /> <br /> <br /> DEPARTMENT: Planning Department DATE: October 9, 1998 <br /> <br /> STAFF CONTACT: Norman Hayashi PHONE: x8288 <br /> A. REQUEST: <br /> <br /> The Planning Department requests to utilize the funds from the Geothermal Asset Fund (GAF) to implement the <br /> GAF program pursuant to the authority conferred upon the Planning Commission by Ordinance Nos. 95 62 and 95 <br /> 74, and in accordance with Rule 14 of the Planning Commission's Rules of Practice and Procedure. The total <br /> contribution on hand within the GAF as of October 9, 1998 is $976,449.07. The GAF was created pursuant to <br /> Condition No. 51 of Geothermal Resource Permit (GRP) No. 2 issued to Puna Geothermal Venture on October 3, <br /> 1989. The purpose of the GAF is for payment to claimant(s) who the Planning Commission finds has been <br /> adversely impacted by activities authorized or unauthorized by GRP No. 2, and to authorize payment for community <br /> approved geothermal impact mitigation projects within the Puna District. <br /> <br /> [Mote: This request should not be confused with the Geothermal Relocation Revolving Fund. <br /> <br /> B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED) <br /> <br /> At this time we would like to set up the necessary accounts to appropriate the following amount for implementation <br /> <br /> of the GAF program: <br /> <br /> 1. Consultant Services <br /> Misc Contract Services 141-5145.02-115 $ 25,000.00 <br /> <br /> For a consultant services contract (claims adjuster) to assist the Planning Commission in the review of claims <br /> filed in accordance with its Rule No. 14 (Geothermal Asset Fund). The claims adjuster will recommend to <br /> the Planning Commission whether or not the claim has merit and if so, what amount of compensation. The <br /> consultant services contract will be for $25,000.00. <br /> <br /> 2. Payment of Claims <br /> Misc Charges 141-5145.02-341 $ 951,435.15 <br /> <br /> Although it is difficult to estimate the actual amounts to be paid for the various claims, based on a review of <br /> the claims already filed with the Planning Commission, we are requesting an appropriation of $951,449.07 <br /> Additional claims are anticipated to be filed. <br /> <br /> <br /> TOTAL REQUEST FOR APPROPRIATION: $ 976,435.15 <br /> <br /> 1 ti j? tw <br /> <br /> SIGNED: DATE: OCI 0 9 1998 <br /> p ent Head <br />