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HomeMy WebLinkAboutREP FC 102 2023/10/17 2022-2024REPORT OF THE COMMITTEE ON FINANCE DATE: October 17, 2023 PLACE: Council Chambers Kailua-Kona, Hawaii TIME: 10:50 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Re: Comm. No. 537/Bill No. 94 Your Committee on Finance, to which was referred Bill No. 94, reports as follows: Bill No. 94, transmitted by Mayor Mitchell D. Roth via Communication No. 537 dated September 29, 2023, authorizes the issuance of General Obligation Bonds of the County of Hawaii for the purpose of funding all or a portion of the costs of various improvement projects; fixing the form, denominations, and certain other details of such bonds and providing for their sale to the public; and authorizes the taking of other actions relating to the issuance and sale of the bonds. This bill authorizes the issuance of up to $187 million in General Obligation Bonds to fund certain Capital Improvement Projects including: Construction of Hilo Wastewater Treatment Plant and other facilities; Parks and Recreation Projects; Office of Housing and Community Development Projects; Public Works Repairs and Maintenance; and Public Works Engineering Drainage, Bridges, and Miscellaneous Road Projects. Committee Member Heather Kimball wanted to thank Finance Director Deanna Sako and Parks and Recreation Director Maurice Messina for including the Laupahoehoe Boat Ramp in this bond and ordinance. She expressed that the community has waited a long time for this and that this project is vital to the community in this district. Committee Member Rebecca Villegas was grateful to the departments for including the Kealakehe Regional Park Phase 1. Ms. Villegas asked Ms. Sako if she could provide an update on the Kealakehe Wastewater Treatment facility. Ms. Sako confirmed that the Department of Environmental Management and the Department of Parks and Recreation have been discussing this matter and have made it a top priority. Committee Member Michelle Galimba asked Ms. Sako for an overview of the various bond amounts requested for the Hilo Wastewater Treatment facility and why different amounts of money were being allocated for this facility. Ms. Sako confirmed that this was the third bond ordinance, and these funds are not just for the Hilo Wastewater Treatment facility. The funds are being collected for the top seven priority projects. Environmental Management Deputy Director Brenda Iokepa-Moses confirmed that Ms. Sako was correct in her assessment of the funds. Ms. Galimba asked if those priority projects would include the Na`alehu and Pahala Wastewater Treatment facilities. Ms. Sako confirmed that those projects were indeed on the list. FC Report No. 102 FC -102 Page 2 October 17, 2023 Committee Member Holeka Goro Inaba asked Ms. Sako for details on the Uluwini Wastewater Treatment plant. Mr. Inaba wondered whether this project would be converting this plant to the new wastewater lines. Ms. Sako stated that she was unsure but explained that the Uluwini facility is currently out of compliance. They need to get the second wastewater train back in and would be working on returning this facility to operational order again and in compliance with all the regulations regarding wastewater. Committee Member Ashley L. Kierkiewicz asked Ms. Sako if she could explain how these bonds affect the County and its debt load, to which Ms. Sako provided a detailed overview of the County's budget and its operational cost and how the department has planned for this financial obligation. Committee Chair Matt Kaneali`i-Kleinfelder commented that he liked the list of projects in this ordinance but was unhappy that there weren't many projects in Council District 5. He asked Ms. Sako if there was a need in this district if the department would be able to add to it, or if this list was set in stone. Ms. Sako replied that the list provided is what the department is planning for. They have designed to do projects island -wide but are currently working on funding the projects listed. They hope that over time they are able to support all projects islandwide. Ms. Kierkiewicz asked Ms. Sako to confirm that the housing projects listed are all County projects, and Ms. Sako confirmed. Ms. Kierkiewicz wanted to clarify that previously approved funds by the Council for affordable housing and homelessness were to support projects for non -profits and private entities, to which Ms. Sako agreed. Your Committee on Finance is in accord with the purpose and intent of Bill No. 94, and recommends its passage on first reading. lkb Respectfully submitted, COMMITTEE ON MATT KANE CHAIR FC FC REPORT NO.: 102 ADOPTED: NOV 0 1 2023 AYES NOES ABS EX EVANS X GALIMBA X INABA X KAGIWADA X KANEALI°I-KLEINFELDER X KIERKIEWICZ X KIMBALL X LEE LOY X VILLEGAS X Respectfully submitted, COMMITTEE ON MATT KANE CHAIR FC FC REPORT NO.: 102 ADOPTED: NOV 0 1 2023