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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: February 19, 2013 Re: Comm. No. 123/Res. No. 54-13 <br /> PLACE: Council Chambers <br /> Kailua-Kona, Hawai`i <br /> TIME: 11:16 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. 54-13, reports as follows: <br /> Resolution No. 54-13, transmitted jointly with Bill No. 35, by Finance Director Nancy Crawford via <br /> Communication No. 123, dated January 30, 2013, authorizes the Mayor to enter into an agreement <br /> with the State of Hawai`i, pursuant to HRS 46-7, to accept a rebate from Hawai`i Energy. The rebate <br /> funds will be used towards future energy savings efforts by the Department of Public Works Traffic <br /> Division. <br /> Traffic Division Chief Ron Thiel explained the status of the LED conversion program. During the <br /> Obama administration, $500,000 of American Recovery and Reinvestment Act (ARRA) funds was <br /> received by the County to convert low-pressure sodium lights to LED lights. He stated that the <br /> resolution will allow the County to receive more rebate funds for more LED lights. The rebate is <br /> determined by the amount of energy saved over a one-year period, which amounts to approximately <br /> $35 per light. There are approximately 9,000 lights that are maintained by the County. The County's <br /> energy bill is approximately $1.8 million per year; however, with the conversion completed, he <br /> estimates a saving of$1 million per-year. Mr. Thiel noted that 15 percent of the conversion is <br /> completed. <br /> Pursuant to Section 46-7, Hawai`i Revised Statutes, County Departments must obtain the consent of <br /> the Council to enter into agreements with the federal or state governments respecting action to be <br /> taken pursuant to any of the powers granted by law to furnish, expend and receive any funds or other <br /> assistance in connection with projects being or to be undertaken pursuant to those powers. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 54-13, and <br /> recommends its adoption. <br /> sc <br /> AYES NOES A&E EX Respectfully submitted, <br /> EOFF X <br /> FORD X COMMITTEE ON FINANCE <br /> ILAGAN X <br /> KANUHA X <br /> KERN X GfJ jgBL._ <br /> ONISHI X <br /> POINDEXTER x VALERIE T. POINDEXTER, CHAIR <br /> WILLE X FC REPORT NO.: 36 <br /> YOSHIMOTO X ADOPTED: w? 1 3 2013 <br />