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(3) Capital Project Fund's fund balance; and/or <br />(4) Revenues derived from the sale of County lands. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF <br />HAWAII that the Mayor is requested to enter into negotiations for the acquisition of the Waipi`o <br />Lookout Point parcel (also referred to as the "Rice Parcel "), more particularly designated as tax map <br />key parcel (3) 4 -8- 004:006 and comprised of approximately 1.804 acres, which was awarded the <br />second highest criteria score by the Public Access, Open Space, and Natural Resources Preservation <br />Commission on its prioritized list of qualifying lands worthy of preservation dated April 5, 2006. <br />BE IT FURTHER RESOLVED that the Director of Finance is hereby authorized to initiate <br />any funding mechanisms required for the acquisition of the Property in accordance with the terms of <br />this resolution. <br />BE IT FINALLY RESOLVED that the County Clerk shall forward a copy of this resolution <br />to the Mayor and the Director of Finance. <br />Dated at Hilo Hawaii, this 23rd day of August 2006. <br />INTRODUCED BY: <br />\J <br />COUNCIL MEMBER, COUNTY OF HAWAII <br />COUNTY COUNCIL <br />County of Hawaii <br />Hilo, Hawaii <br />I hereby certify that the foregoing RESOLUTION was by <br />the vote indicated to the right hereof adopted by the COUNCIL of the <br />County of Hawaii on August 23, 2006 <br />ATTEST: <br />oe <br />COUNTY CLERK CHAIRMAN & PRESIDING OFFICER <br />Reference: C- 1015 /Waived EC <br />RESOLUTION NO. 427 06 <br />l: <br />AYES <br />NOES <br />ABS <br />EX <br />ARAKAKI <br />X <br />HIGA <br />X <br />HOFFMANN <br />X <br />HOLSCHUH <br />X <br />IKEDA <br />X <br />ISBELL <br />X <br />JACOBSON <br />X <br />PILAGO <br />X <br />SAFARIK <br />X <br />9 <br />0 <br />0 <br />0 <br />Reference: C- 1015 /Waived EC <br />RESOLUTION NO. 427 06 <br />l: <br />