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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: March 7, 2017 Re: Comm. No. 125/Res. No. 87-17 <br /> PLACE: Council Chambers <br /> Hilo, Hawai`i <br /> TIME: 11:15 a.m. <br /> Council Chair and Members <br /> Hawai`i County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Resolution No. 87-17 reports as follows: <br /> Resolution No. 87-17, transmitted by Valerie T. Poindexter, Council Chairwoman, via <br /> Communication No. 125 dated February 16, 2017, authorizing the Director of Finance to enter <br /> into negotiations for the acquisition of Tax Map Key (3) 2-9-002:023, also known as Hakalau <br /> Valley, situated in the District of Hamakua, utilizing the Public Access, Open Space, and Natural <br /> Resources Preservation Fund. <br /> The 83.19-acre property is listed as priority No. 6 for purchase in the 2016 Annual Report of the <br /> Public Access, Open Space, and Natural Resources Preservation Commission. <br /> 'There was no discussion on this measure. <br /> Pursuant to Chapter 2, Article 42 of the Hawai`i County Code, the Director of Finance may be <br /> authorized to enter into negotiations for the acquisition of property utilizing the Public Access, <br /> Open Space,and Natural Resources Preservation Fund. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 87-17, and <br /> recommends its adoption. <br /> dm <br /> AYES NOES ABS ex Respectfully submitted, <br /> CIIUNG X <br /> DAVID ; X _ COMMITTEE ON FINANCE <br /> EOFF X <br /> KANUHA X <br /> LEE LOY X <br /> POINDEXTER x MAILE DAV I, CHA ' <br /> RICHARDS X FC REPORT NO.: 7 __ <br /> RUGGLES X ADOPTED: ___MAR 2_22. 201 <br />