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HomeMy WebLinkAboutREP FC 219 04/16/2002 2000-2002 REPORT OF TIIE COIVIIVIITTEE ON FINt~NCE DATE: April 16, 2002 Re: Comm. No. 586/Bill No. 207 PLACE: Council Chambers TIME: 10:20 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 207, reports as follows: Bill No. 207, transmitted by Director of Finance William Takaba, via Communication No. 586, dated April 1, 2002, amends Ordinance No. 01-56, as amended, the Capital Budget, ending June 30, 2002, by adding the following project: PUBLIC WORKS: Puainako Street Extension -Federal 110-399-5391.55 [$410,000] $6,410,000 Funds for this appropriation increase shall be provided from: Federal Grants Receivable $6,000,000 These funds covers only the Federal Government's portion, or 80%, of the $7,500,000 in change orders to the existing construction contract due to differing site conditions and pavement/shoulder upgrade. The remaining 20% of the funding will come from the State Department of Transportation. Dennis Lee, Director of Public Works, explained that as Puainako Street is a State road, this project does not require County funds. The new portion of the road, as with the existing, will be maintained by the State. Your Committee on Finance is in accord with the purpose and intent of Bill No. 207 and recommends it pass first reading. smc AT'ES NOES A&E EX Respectfully submitted CHUIe1G X Plslcclllo x CO MI ON F CE ARAILAKI X ELAI2IOR1®FF X JAC®~S®N X LEITIdEAD-TODD X SAFAItIK X AARON S.Y. CHUNG, CHA TYLER X FC REPORT NO. 219 YAGONG X ADOPTED: [~A OOZ