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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: February 6, 2024 Re: Comm. No. 702/Res. No. 420-24 <br /> PLACE: Council Chambers <br /> Hilo, Hawai`i <br /> TIME: 2:01 p.m. <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawai`i 96720 <br /> Your Committee on Finance,to which was referred Resolution No. 420-24, reports as follows: <br /> Resolution No. 420-24,transmitted by Finance Director Diane Nakagawa, via Communication No. 702 <br /> dated January 19, 2024, authorizes the payment of funds of a later fiscal year and of more than one <br /> fiscal year for multi-year leases for two backhoes,two wheeled loaders, six roll-off trucks, and seven <br /> truck tractors for the Department of Environmental Management. <br /> This resolution authorizes the Mayor to enter into five-year lease agreements with an approximate <br /> monthly cost of$6,800 for the two backhoes, $23,700 for the two wheeled loaders, $32,400 for the six <br /> roll-off trucks, and$36,400 for the seven truck tractors, to be used by the Solid Waste Division. <br /> Environmental Management Director Ramzi Mansour was available in the Hilo Chambers to answer <br /> any questions. <br /> The department provided a brief overview. <br /> Multiple Committee Members commented in support of this measure. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 420-24, and <br /> recommends its adoption. <br /> lkh <br /> AYES NOES ABS EX Respectfully submitted, <br /> EVANS X <br /> GALIMBA x COMMITTEE ON FINANCE <br /> INABA X <br /> KAGIWADA X <br /> KANEALI`I-KLEINFELDER X <br /> KIERKIEWICZ X MATT KANEALI`I- INFELDER, <br /> KIMBALL X CHAIR <br /> LEE LOY X FC REPORT NO.: 138 <br /> VILLEGAS X ADOPTED: FEB 2 1 2024 <br />