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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: January 3, 2018 Re: Comm. No. 659/Res. No. 452-18 <br /> PLACE: Council Chambers <br /> Hilo, Hawai`i <br /> TIME: 11:29 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 Resolution No. 452-18, reports as follows: <br /> Resolution 452-18, transmitted by Finance Director Deanna S. Sako, via Communication <br /> No. 659 dated December 14, 2017, authorizes the payment of funds of a later fiscal year and of <br /> more than one fiscal year for a multi-year lease of one bucket truck for the Department of Public <br /> Works. <br /> This resolution authorizes the Mayor to enter into a five-year lease agreement at an estimated <br /> monthly cost of$2,617. The equipment would be used by the department's Traffic Division for <br /> streetlight installation and maintenance. The County will own the equipment at the end of the <br /> 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. 452-18, <br /> and recommends its adoption. <br /> • <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 XAllOPP> <br /> OPP <br /> � <br /> O'HARA X <br /> POINDEXTER x MAILE DAVID, CHAIR <br /> RICHARDS X FC REPORT NO.: 71 <br /> RUGGLES X ADOPTED: JAN 2 4 2018 <br />