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••J�tY OF,., ,.. <br /> COUNTY OF HAWAII STATE OF HAWAII <br /> .••7TH Of•N' . . <br /> RESOLUTION NO. 697 16 <br /> RESOLUTION AUTHORIZING THE PAYMENT OF FUNDS OF A <br /> LATER FISCAL YEAR AND OF MORE THAN ONE FISCAL YEAR <br /> FOR MULTI-YEAR AGREEMENTS FOR THREE (3) MINI <br /> EXCAVATORS <br /> WHEREAS, Section 10-11 of the County Charter requires that any contract, <br /> lease or other obligation requiring payment of funds from the appropriations of a <br /> later fiscal year or of more than one fiscal year be approved by resolution; and <br /> WHEREAS, the County of Hawaii wishes to enter into a multi-year <br /> agreement for five (5) years, for the three (3) mini excavators to be utilized by the <br /> Department of Public Works, Highways Division; and <br /> WHEREAS, this equipment is budgeted in the current fiscal year's Operating <br /> Budget; now therefore, <br /> BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII: <br /> 1. That the Mayor is hereby authorized to enter into a five (5) year <br /> agreement for the equipment as indicated above, for the Department <br /> of Public Works. <br /> 2. That sufficient funds be budgeted in future fiscal years to cover the <br /> anticipated obligations of the County under the terms of the <br /> agreement. <br />