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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> <br /> DATE: September 1, 1998 Re: Comm. No. 942/Res. No. 306-98 <br /> PLACE: Councilroom <br /> <br /> TIME: 11:00 A.M. <br /> Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Resolution No. 306-98, reports as follows: <br /> Resolution No. 306-98, transmitted by Finance Director Harry Takahashi, via Communication No. 942, <br /> <br /> dated August 4, 1998, authorizes a real property tax credit for payment of taxes on TMK 7-9-12:003 to <br /> Oceanside 1250. <br /> For the period from 1990-91 to 1997-98, Oceanside 1250 has paid the County of Hawaii a total of $41,105 in <br /> <br /> taxes on the aforementioned pazcel. The Real Property Tax Department has since verified the ownership <br /> issue and has determined that the parcel indeed belongs to the State of Hawaii. Therefore, Resolution No. <br /> 306-98 seeks the approval to credit future Oceanside 1250 tax bills to the sum of $41,105. <br /> <br /> A second draft of Resolution No. 306-98 was submitted to correct the amount of the tax credit, which should <br /> <br /> be $4,463, rather than $41,105. <br /> Originally heard on August 18, 1998, this measure was deferred pending comments from the Corporation <br /> Counsel relating to Section 19-22, Hawaii County Code, which only authorizes the Director of Finance to <br /> recognize a refund period of the current yeaz and two past yeazs. <br /> At today's meeting, Your Committee was advised by Corporation Counsel and the Finance Director that the <br /> approval of said measure would allow the County to reimburse for the amount in excess of the County Code <br /> limitations provided for in Section 19-22. On the other hand, the disapproval of said measure would only <br /> allow the reimbursement of $2,766 (current yeaz plus two past yeazs) as provided by law. However, <br /> Oceanside 1250 could then file a claim with the Office of the Corporation Counsel who could <br /> administratively credit the applicant no more than $1,500. If the claim exceeded $1500 County Council approval <br /> would be needed. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 306-98 as amended <br /> to Draft 2 and recommends its adoption. <br /> Ici - . ~ ' . ~ 1 <br /> ny« Noes A&e ex Respectfully submitted <br /> CHUNG X <br /> LEITHEAD-TODD X COMMITTEE ON FINANCE <br /> RAY X C" i~ <br /> SANTANGELO X ~ ~ / L <br /> SMITH X <br /> TYLER X AARON S.Y. CHUNG, HAIR <br /> YAGOxG X FC REPORT NO. 269 <br /> FILED'. SEP~- <br /> ARAKAKI, E.O.M. X <br /> <br />