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DATE: April 30, 2014 <br />PLACE: Council Chambers <br />Kona, Hawai'i <br />TIME: 10:50 a.m. <br />Council Chair and Members <br />Hawaii County Council <br />Hilo, Hawaii 96720 <br />REPORT OF THE <br />COMMITTEE ON FINANCE <br />Re: Comm. No. 830/Res. No. 393-14 <br />Your Committee on Finance, to which was referred Resolution No. 393-14, reports as follows: <br />Resolution No. 393-14, transmitted by Finance Director Nancy Crawford, via Communication No. 830 <br />dated April 14, 2014, authorizes the payment of funds of a later fiscal year and of more than one fiscal <br />year for a multi-year lease of real property. <br />The resolution authorizes the Mayor to enter into a four-year lease agreement for property located at <br />81-6394 Mamalahoa Highway, Kona, Tax Map Key: 8-1-016:039 (por.), and the use of a 40 -foot <br />storage container located on the site for parking and storage at a cost of $600 per month, with the option <br />to rent on a month-to-month basis at the end of the four years. <br />There was no discussion on this measure. <br />Pursuant to Section 10-11, Hawaii County Charter, any contract, lease or other obligation requiring <br />payment of funds from the appropriations of a later fiscal year or of more than one fiscal year shall be <br />made or approved by resolution. <br />Your Committee on Finance is in accord with the purpose and intent of Resolution No. 393-14, and <br />recommends its adoption. <br />sc <br />AYES NOES <br />ABS EX <br />EOFF X <br />FORD X <br />ILAGAN X <br />KANUHA X <br />KERN X <br />ONISHI X <br />POINDEXTER X <br />WILLE X <br />YOSHIMOTO X <br />Respectfully submitted, <br />COMMITTEE ON FINANCE <br />�% ,moi%; ICCC.�` � __. �^��-n✓'�::Ct�=�',.c,;�'t . i� <br />G <br />VALERIE T. POINDEXTER, CHAIR <br />FC REPORT NQ : 167 <br />ADOPTED: MAp <br />