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REPORT OF THE . <br /> COMMITTEE ON FINANCE <br /> DATE: November 14, 2017 . Re: Comm. No. 575/Res. No. 388-17 <br /> PLACE: Council Chambers <br /> Kailua-Kona, Hawai`i <br /> TIME: 12:10 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. 388-17, reports as follows: <br /> Resolution No. 388-17, transmitted by Finance Director, Deanna S. Sako, via Communication <br /> No. 575 dated October 26, 2017, authorizes the payment of funds of a later fiscal year and of <br /> more than one fiscal year for a multi-year lease for one forklift. <br /> This resolution authorizes the Mayor to enter into a five-year lease agreement at an estimated <br /> monthly cost of$1,650. The equipment would be used by the Department of Public Works, <br /> Highways Division, to be stationed at the South Hilo roads baseyard. The County will own the <br /> equipment at the end of the lease. <br /> There was no discussion on this measure. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 388-17, <br /> and recommends its adoption. <br /> dmm <br /> AYES NOES ABS EX Respectfully submitted, <br /> CHUNG X <br /> DAVID x COMMITTEE ON FINANCE <br /> EOFF X <br /> KANUHA X <br /> LEE LOY X ��� <br /> O HARA X 41111.1611110 <br /> � <br /> POINDEXTER X MAILE DAVID, CHAIR <br /> RICHARDS X FC REPORT NO.: 62 <br /> RUGGLES X ADOPTED: DEC 0 5 2017 <br />