REP FC 080 2023/10/03 2022-2024 - Laserfiche WebLink

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DATE: October 3, 2023 PLACE: Council Chambers Hilo, Hawaii TIME: 12:10 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 REPORT OF THE COMMITTEE ON FINANCE Re: Comm. No. 479/Res. No. 281-23 Your Committee on Finance, to which was referred Resolution No. 281-23, reports as follows: Resolution No. 281-23, transmitted by Finance Director Deanna S. Sako, via Communication No. 479 dated September 15, 2023, authorizes the payment of funds of a later fiscal year and of more than one fiscal year for a multi-year lease for one landfill bulldozer for the Department of Environmental Management. This resolution authorizes the Mayor to enter into a five-year lease agreement at an approximate monthly cost of $21,667 to replace equipment that has reached its end of life. Committee Member Heather Kimball asked Environmental Management Director Ramzi Mansour to provide some background on this measure. Mr. Mansour gave a quick presentation on this resolution and Resolution No. 282-23. Committee Member Holeka Goro Inaba asked about the maintenance and lifespan of the heavy equipment. Mr. Mansour replied that the equipment they plan to replace is about 20 -years -old and that the department intends to better maintain these new items for a potentially longer lifespan. Committee Member Ashley L. Kierkiewicz offered comments of support and thanked Mr. Mansour for his presentation. Committee Member Cindy Member Evans asked Mr. Mansour to explain the lease agreement, to which Mr. Mansour explained that this is a lease -to -own contract and that the lease is intended to break up a massive payment into smaller payments over five years. Committee Chair Matt Kaneali`i-Kleinfelder thanked Mr. Mansour for providing the lease details and said he appreciated all the information he provided regarding this measure. FC Report No. 80