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~ o <br />REPORT OF THE <br />COMMITTEE ON FINANCE <br />DATE: June 1, 2009 <br />PLACE: Council Chambers <br />TIME: 9:02a.m. <br />Re: Comm. No. 372/Bill No. 92 <br />Council Chair and Members <br />Hawaii County Council <br />Hilo, Hawaii 96720 <br />Your Committee on Finance, to which was referred Bill No. 92, reports as follows: <br />Bill No. 92, transmitted by Finance Director Nancy Crawford, via Communication No. 372 <br />dated May 20, 2009, amends Ordinance 08-106, pertaining to the issuance of General Obligation Bonds <br />for the purpose of financing various public improvements. The purpose of this measure is to amend the <br />Ordinance's attachment noted as Exhibit A, Draft 2, by replacing it with a new exhibit which adjusts <br />funding for various projects based on actual needs that differ from the stimates in the original bond <br />ordinance; adds a new project, Kealakehe Wastewater Treatment Plant (W WTP) Sludge Removal, <br />because it needs to be done concurrently with the WWTP Aeration Upgrade. There is no change to the <br />total amount of the bond authorization. <br />Councilmember Hoffmann asked to confirm that this amendment does not add any additional cost to the <br />bond. Finance Director Nancy Crawford stated it did not. <br />Councilmember Ford questioned the reduction of $800,000 from the Pahoa Police Station offsite <br />improvements. Director Crawford advised that the offsite work was for traffic control measures and that <br />it was done at a reduced cost. Director Crawford also stated that the other money being moved around <br />was also a result of cost savings in the projects, which allowed the Administration to do this without <br />changing the total amount of the bond request. <br />Your Committee on Finance is in accord with the purpose and intent of Bill No. 92, and recommends it <br />pass first reading. <br />sao <br /> AYES NOES .4&E EX <br />ENRIQUES X <br />FORD X <br />GREENWELL X <br />HOFFMANN X <br />IKEDA X <br />NAEOLE X <br />ONISHI X <br />YAGONG X <br />YOSHIMOTO X <br />Respectfully submitted, <br />COMMITTEE ON FINANCE <br />DOMINIC Y <br />FC REPORr <br />ADOPTED: <br />AUG 0 5 2009 <br />