HomeMy WebLinkAboutCOM 0288.000 2002-2004 ,Mtv or ~~r
Harry Kim William Takaba
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County of Hawaii o~
Finance Department Z ~ r- ~
Aupuni Street, Room I I R • Hilq Hawaii 9A720 , ~
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July 16, 2003
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Honorable James Arakaki, Chairperson and U+
Members of the County Council
Hawaii County Council
25 Aupuni Street
Hilo, Hawaii 96720
Re: Resolution for multi-year lease
Enclosed is a resolution authorizing the payment of funds for more than one fiscal year
for the lease of three (3) truck tractors for the Department of Environmental
Management Solid Waste Division. Several of the current truck tractors are in excess of
10 years of age, have high mileage, incur major repairs, and are approaching the end of
their useful life.
The Solid Waste Fund does not have the resources to purchase the referenced
equipment and therefore request the authority to enter in a lease agreement for five (5)
years.
If there are any questions, please do not hesitate to call the Department of
Environmental Management.
'~illiam' Takaba
Director of Finance
APPROVED:
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Harry Kim
~ Mayor
Enc.
cc: Environmental Management Q 8
Comm. No. ~
IZE S . SS ~ - C~ _3 Ref. Tos
Ref. Dora
Form #:B-52
7/18/91
DEPARTMENT OF FINANCE
REQUEST FOR COUNCIL ACTION
DEPARTMENT: Environmental Management, Solid Waste Division DATE: July 8, 2003
STAFF CONTACT: Robert Gonsalves PHONE: 961-8339
A. REQUEST'
Resolution for the financing leasing of three (3) Truck Tractors for a period of five
years.
B. BAGKGROLIND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED):
Replacement equipment is needed for:
Two (2) 1991 Peterbilt Truck Tractors and one (1) 1994 International
Truck Tractor, which are in excess of 10 years in age, have high
mileage, incurring major repairs and expensive parts and all trucks
are approaching the end of their useful life.
The Solid Waste Fund does not have the resources to purchase the referenced
equipment, and therefore requests the authority to enter into a lease program to
finance the purchase over five years. Funding for the lease is budgeted in FY
2003-2004.
SIGNED: ~~L~~Wv~~ /OZ"~`-~ DATE: ~7 ~ ~3
Department Head