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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: August 5, 2014 Re: Comm. No. 953/Bill No. 274 <br /> PLACE: Council Chambers <br /> Hilo, Hawai`i <br /> TIME: 10:48 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 Bill No. 274, reports as follows: <br /> Bill No. 274,transmitted by Finance Director Nancy Crawford, via Communication No. 953 dated <br /> July 18, 2014, amends Ordinance No. 14-82, as amended, relating to public improvements and financing <br /> thereof for the fiscal year July 1, 2014, to June 30, 2015. The amendment is as follows: <br /> PUBLIC WORKS: <br /> Street Light Installations, Islandwide <br /> (110.388.5389.14) $ 2,000,000 <br /> Funds for this appropriation increase shall be provided from: <br /> General Obligation Bonds, Capital Projects Fund - <br /> Fund Balance and/or Other Sources $ 2,000,000 <br /> Funds would be used to install new streetlights and to upgrade existing streetlights island-wide. <br /> There was no discussion on this measure. <br /> Pursuant to Section 10-6(d), Hawai`i County Charter, the Council may amend the Capital Budget for <br /> that year with a two-thirds vote. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 274, and recommends <br /> its passage on first reading. <br /> sc <br /> AYES NOES ABS EX Respectfully submitted, <br /> EOFF X <br /> FORD X COMMITTEE ON FINANCE <br /> ILAGAN X <br /> KANUHA X s ) <br /> KERN X 40, <br /> ONISHI X <br /> POINDEXTER X VALERIE T. POINDEXTER, CHAIR <br /> WILLE X <br /> FC REPORT NO.: 186 <br /> YOSHIMOTO X ADOPTED: AUG 2 11 1014 <br />