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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: August 17, 2010 Re: Comm. No. 907 /Res. No. 378 -10 <br /> PLACE: Sheraton Keauhou Bay Resort and Spa <br /> 78 -128 `Ehukai Street <br /> Kailua -Kona, Hawai`i <br /> TIME: 9:00 a.m. <br /> Council Chair and Members <br /> Hawai`i County Council • <br /> Hilo, Hawai`i 96720 <br /> Your Committee on Finance, to which was referred Resolution No. 378 -10, reports as follows: <br /> Resolution No. 378 -10, transmitted by Director of Finance Nancy Crawford, via Communication <br /> No. 907, dated July 30, 2010, authorizes the payment of funds of a later fiscal year and of more <br /> than one fiscal year for a multi -year leases for a copy machine for the Department of Public <br /> Works. <br /> The current copier at the Department of Public Works Administration Office is eight (8) years <br /> old and replacement parts are difficult to locate as the copier has become obsolete. Upon <br /> evaluation, it has been determined that a lease is more cost efficient (less maintenance and <br /> overage fees) with an anticipated cost of $7,600. <br /> Pursuant to Section 10 -11, Hawai`i 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 /> There was no discussion on this matter. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 378 -10, <br /> and recommends its adoption. <br /> de <br /> AYES NOES A &E EX Respectfully submitted, <br /> ENRIQUES X <br /> FORD X COMMITTEE ON FINANCE <br /> GREENWELL X <br /> HOFFMANN X <br /> IKEDA X • <br /> NAEOLE - BEASON X <br /> ONISHI X DENNIS "FRESH" ONISHI, CHAIR <br /> YAGONG X FC REPORT NO. c 174 <br /> YOSHIMOTO X ADOPTED:SEP 0 9 7010 <br />