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HomeMy WebLinkAboutREP FC 208 2024/10/01 2022-2024REPORT OF THE DATE: October 1, 2024 PLACE: Council Chambers Hilo, Hawaii TIME: 9:3 6 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Re: Comm. No. 1083/13ill No. 215 Your Committee on Finance, to which was referred Bill No. 215, reports as follows: Bill No. 215, transmitted by Mayor Mitchell D. Roth via Communication No. 1083, dated September 19, 2024, 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; fixes the form, denominations, and certain other details of such bonds and provides 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 $150 million in General Obligation Bonds to fund certain Capital Improvement Projects including: Construction of the Hilo Wastewater Treatment Plant; Parks and Recreation Americans with Disabilites Act projects; planning and design for a County morgue; Animal Control shelter repairs; Central Fire Station repairs; and maintenance of other County facilities. Finance Director Diane Nakagawa and County Treasurer Chris Nakano provided background on this measure. Public Works Director Steve Pause and Parks and Recreation Director Maurice Messina were also available to answer questions. Committee Member Heather Kimball recused herself from the vote because her husband's architecture firm may contract some of these projects. Committee Member Cindy Evans asked if these projects were ready to be constructed. Ms. Nakagawa stated that they were ready to go. Ms. Evans questioned how projects were prioritized. Mr. Pause replied that they have gone through some review to determine what takes priority. Committee Member Jenn Kagiwada requested more information on Mr. Pause's statement regarding road repairs, as it seems the list of projects provided does not include many road work projects. Mr. Pause stated they have been doing drainage studies and drainage work on the west side, and with the recent flooding in that area, there is a need to understand what has caused that problem and what infrastructure that area may need. Committee Member Ashley L. Kierkiewicz asked how they are tracking appropriations across multiple bonds and the status of these projects. Ms. Nakagawa explained how they have managed these appropriations and how Mr. Nakano and the Accounts Division track these allotment requests. FC Report No. 208 FC-208 Page 2 October 1, 2024 Committee Chair Matt Kdneali`i-Kleinfelder asked what our total debt service is. Ms. Nakagawa replied that fiscal year 2024-2025 is $62 million in the General Fund. Mr. Kdneali`i-Kleinfelder asked about next year's projected debt service, to which Ms. Nakagawa replied it would increase by $7 million to $10 million. Mr. Kdneali`i-Kleinfelder asked Mr. Messina to provide information on the projects he wants to address. Mr. Kdneali`i-Kleinfelder appreciated his overview and offered his support on this measure. Your Committee on Finance is in accord with the purpose and intent of Bill No. 215, and recommends its passage on first reading. Ikh 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 FINANCE MATT �NEALII-KLEINFELDER, CHAIR FC REPORT NO.: 208 ADOPTED: OCT 1 6 2024