RES 337 Draft 01 2008-2010 - Laserfiche WebLink

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COUNTY OF HAWAII RESOLUTION NO. 337 10 A RESOLUTION PROPOSING AN ALTERNATIVE AMENDMENT IN PLACE OF CHARTER PROPOSAL CA -15, RELATING TO A PUBLIC ACCESS, OPEN SPACE, AND NATURAL RESOURCES PRESERVATION FUND. WHEREAS, Hawai`i Revised Statutes, section 50 -8, provides: STATE OF HAWAII " §50 -8 Submission of proposed charter to legislative body of the county. Within one year of its appointment, the charter commission shall submit a report in writing on its activities, findings, and recommendations to the legislative body of the county together with a draft of the proposed charter. The legislative body of the county may in turn propose one or more sections as alternative, or alternatives to any section of the proposed charter; provided that there shall not be more than a single proposition under any alternative proposal. Within thirty days after the receipt of the proposed charter from the commission, the legislative body shall return the proposed charter with the alternatives to the commission for its study. "; and WHEREAS, pursuant to Hawai`i Revised Statutes, section 50 -8, and in response to the Charter Commission's Report to the Council dated April 13, 2010, the Council hereby proposes as an alternative amendment to Charter Proposal CA -15 that article X of the Hawai`i County Charter 2000 (2008 Edition) be amended by adding a new section to be appropriately designated and to read as follows: "Section 10- . Public Access, Open Space, and Natural Resources Preservation Fund. (al In adopting each fiscal year's budget and capital program, the council shall appropriate a minimum of two percent of the certified real property tax revenues, including penalty and interest, to a fund known as the public access open space, and natural resources preservation fund. For the purposes of this section, additional revenue to the fund may consist of (1) Grants and private contributions; (2) Voluntary contributions of any amount as specified on the real property tax bill (3) Proceeds from the sale of general obligation bonds; (4) Council appropriations; and (5) Any other source of revenue. (b) Deposits to the fund shall occur at a minimum, twice per year, and shall be invested in a conservative interest - bearing account that will allow moneys to be available for property acquisition and prevent any erosion of the fund's principal amount.