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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: November 1, 2016 Re: Comm. No. 1130/Res. 698-16 <br /> PLACE: Council Chambers <br /> Hilo, Hawai`i <br /> TIME: 4:55 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 Resolution No. 698-16, reports as follows: <br /> Resolution 698-16, transmitted by Finance Director Deanna S. Sako, via Communication No. 1130 <br /> dated October 14, 2016, authorizes the payment of funds of a later fiscal year and of more than one <br /> fiscal year for a multi-year agreement for two small boom trucks. <br /> This resolution authorizes a five-year lease agreement, which would alleviate equipment and repair and <br /> associated costs on older equipment. The new boom trucks would be used by the Department of Public <br /> Works, Highways Division, for South Hilo and Puna roads. <br /> There was no discussion on this matter. <br /> Pursuant to Section 10-11 of the Hawaii County Charter, any contract, lease or other obligation <br /> requiring payment of funds from the appropriations of a later fiscal year or of more than one fiscal year <br /> shall be approved by resolution. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 698-16, and <br /> recommends its adoption. <br /> wb <br /> AlES NOES ABS LA Respectfully submitted, <br /> CHUNG X <br /> DAVID X COMMITTEE ON FINANCE <br /> EOFF X <br /> ILAGAN X <br /> KANUHA X <br /> ON I S H I X <br /> PALEKA x KAREN EOFF, CHAIR <br /> POINDEXTER XFC REPORT NO.: 81 <br /> NOV 1 6 2016 <br /> \ILLE L X ADOPTED: ____ <br />