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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: October 1, 2019 Re: Colum.No. 501/Res. No. 329-19 <br /> PLACE: Council Chambers <br /> Kailua-Kona, Hawaii <br /> TIME: 4:55 p.m. <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Resolution No. 329-19, reports as follows: <br /> Resolution No. 329-19 transmitted by Finance Director Deanna Sako, via Communication No. 501 dated <br /> September 13, 2019, authorizes the payment of funds of a later fiscal year and of more than one fiscal <br /> year for a multi-year lease of a tandem trailer for the Department of Public Works. <br /> This resolution authorizes the Mayor to enter into a five-year lease agreement with an approximate <br /> monthly cost of$1,150. The County would own the equipment at the end of the lease. <br /> There was no discussion on this matter. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 329-19, and <br /> 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 /> KANEALI`I-KLEINFELDER X <br /> KIERKIEWICZ X <br /> LEE LOY X <br /> POINDEXTER x AILE MEDS , HAIR <br /> RICHARDS X FC REPORT NO.: 61 <br /> VILLEGAS X ADOPTED: OCT l 6 2019 <br />