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HomeMy WebLinkAboutREP FC 034 2023/04/04 2022-2024 REPORT OF THE COMMITTEE ON FINANCE DATE: April 4, 2023 Re: Comm. No. 163/Res.No. 81-23 PLACE: Council Chambers Hilo, Hawai`i TIME: 10:30 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance,to which was referred Resolution No. 81-23,reports as follows: Resolution No. 81-23,transmitted by Finance Director Deanna Sako, via Communication No. 163 dated March 16, 2023, authorizes the payment of funds of a later fiscal year and of more than one fiscal year for a multi-year lease of real property for the County of Hawai`i Police Department warehouse in Kea'au, District of Puna. This resolution authorizes the Mayor to enter into a five-year lease agreement with an option to extend for two additional five-year terms with Milo Storage LLC, for approximately 7,440 square feet of warehouse space. Committee Chair Matt Kaneali`i-Kleinfelder asked Police Sergeant Nelson Acob to provide a brief overview. There was no discussion on this measure. Pursuant to Section 46-7, Hawai`i Revised Statutes, the Mayor of the County of Hawai`i is authorized to execute, on behalf of the County,this and all future agreements and related documents with Milo Storage LLC. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 81-23, and recommends its adoption. llch AYES NOES ABS EX Respectfully submitted, EVANS X GALIMBA X COMMITTEE ON FINANCE INABA X 1 KAGIWADA X KANEALI`I-KLEINFELDER X KIERKIEWICZ X MATT KAN k ' 41 EINFELDER, KIMBALL X CHAIR LEE LOY X FC REPORT NO.: 34 VILLEGAS X ADOPTED: APR 1 9 2023