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WRITTEN COMMUNICATION <br />Communication No. 06 -126: Ms. Springer asked if the reports would come to this <br />Commission from Finance as to how the negotiations proceed. <br />Mr. Yada stated he would report on that. <br />Communication No. 06 -127: Mr. Kaneshiro stated this Survey Form would be considered <br />for December 2007 updated list. <br />Communication No. 06 -128: Ms. Self stated Mr. Gilmartin will be coming to this <br />Commission meeting. Mr. Gilmartin will be sworn in and then come down to this <br />meeting. <br />DEPARTMENT OF FINANCE REPORT <br />Mr. Yada stated the Council passed a resolution to rank the purchases that have already <br />passed resolutions authorizing purchase. Mr. Yada stated Kawa`a, Waipi`o and Honoli`i <br />was on their resolution in that order with Kawa`a being first. <br />Mr. Yada stated they also passed correcting the Ordinance and adding in the purpose. <br />Mr. Yada stated the other issue they are still waiting for clarification from Corporation <br />Counsel regarding the 2% issue. <br />Ms. Self stated the most recent thing that Corporation Counsel, Lincoln Ashida said was <br />that it would be better to have the new Council take this up. <br />Mr. Yada stated the administration was still working on interpretation regarding when the <br />2% would be paid in. Mr. Yada stated they will be seeking more clarification on that. <br />Mr. Yada stated based on the resolution, they did issue an offer letter on Kawa`a. The <br />appraisal came out to $1.92 million dollars. Mr. Yada stated their initial reaction when <br />he verbally transmitted the information, wasn't the best however they are still waiting for <br />a response to the letter. <br />Mr. Yada stated the other issue was the County would be looking at how to allocate the <br />funds based on the balance and coming up with a plan. Mr. Yada stated the intent was to <br />try and fund more monies into this fund out of the fund balance but the details are still <br />pending. Mr. Yada stated they want to do it but they don't know what the numbers will <br />be at this point. Mr. Yada stated they will wait and see what happens in the next month. <br />Ms. Springer asked if this was something that will be taken up with the new Council. <br />Mr. Yada replied that the administration usually comes up with the proposal for the fund <br />balance and then it does get taken up by the Council. <br />2 <br />