HomeMy WebLinkAboutREP FC 168 2024/06/18 (2022-2024) REPORT OF THE
COMMITTEE ON FINANCE
DATE: June 18, 2024 Re: Comm.No. 902/Res. No. 537-24
PLACE: Council Chambers
Kailua-Kona, Hawai`i
TIME: 3:46 p.m.
Council Chair and Members
Hawai`i County Council
Hilo, Hawai`i 96720
Your Committee on Finance, to which was referred Resolution No. 537-24, reports as follows:
Resolution No. 537-24, transmitted by Finance Director Diane Nakagawa, via Communication
No. 902, dated May 30, 2024, 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 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 800 square feet of
warehouse space.
Property Manager Hamana Ventura was present in Kona Chambers to answer any questions.
Committee Chair Matt K5neali`i-Kleinfelder commented on the number of units the county has acquired
in this facility and asked how many total units there were in that facility. Mr. Ventura stated there were
a total of three units and they occupied all three. Mr. Kaneali`i-Kleinfelder also commented about a
possible price break on these units since they occupy the whole facility.
Your Committee on Finance is in accord with the purpose and intent of Resolution No. 537-24, and
recommends its adoption.
11h
AYES NOES ABS EX Respectfully submitted,
EVANS X
GALIMBA x COMMITTEE O FINANCE
INABA X
KAGIWADA X
KANEALI`I-KLEINFELDER X
KIERKIEWICZ x MATT KANE I`I- EINFELDER,
KIMBALL X CHAIR
LEE LOY X FC REPORT NO.: 168
VILLEGAS X ADOPTED: JUL 1 0 2024