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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: September 18, 2012 Re: Comm. No. 827/Bill No. 294 <br /> PLACE: Council Chambers <br /> Kailua-Kona, Hawai`i <br /> TIME: 4:22 p.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 Bill No. 294, reports as follows: <br /> Bill No. 294, transmitted by Council Member Brittany Smart via Communication No. 827, dated <br /> August 28, 2012, amends Ordinance No. 12-87, as amended, relating to Public Improvements and <br /> Financing thereof for the Fiscal Year July 1, 2012 to June 30, 2013, by adding the following project: <br /> PUBLIC WORKS: <br /> Ocean View Business District Water Infrastructure Improvements $ 5,700,000 <br /> (110.499.5498.02) <br /> Funds for this project shall be provided from: <br /> General Obligation Bonds, Capital Projects Fund- $ 5,700,000 <br /> Fund Balance and/or other Sources (Grants) <br /> Ms. Smart commented that this project will utilize the help of the Air National Guard training <br /> program, and stated further that this is a true partnership with all who is involved. The project has <br /> received continued support from the Department of Water Supply and Ocean View residents. <br /> Pursuant to Section 10-6(d), Hawai`i County Charter, the Council may amend the Capital Budget for <br /> this fiscal year by a two-thirds vote. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 294, and <br /> recommends its passage on first reading. <br /> dkr <br /> AYES NOES A&E EX Respectfully submitted, <br /> BLAS X <br /> FORD X COMMITTEE ON FINANCE <br /> HOFFMANN X <br /> IKEDA X <br /> ONISHI X F <br /> PILAGO X <br /> SMART x BRENDA FORD, HAIR <br /> YAGONG X FC REPORT NO. 251 <br /> YOSHIMOTO X ADOPTED: OCT 0 3 2012 <br />