HomeMy WebLinkAboutREP FC 018 12/20/2004 2004-2006 REPORT OF THE
COMMITTEE ON FINANCE
DATE: December 20, 2004 Re: Comm. No. 35/Bill No. 13
PLACE: Council Chambers
TIME: 10:05 a.m.
Council Chair and Members
Hawaii County Council
Hilo, Hawaii 96720
Your Committee on Finance, to which was referred Bill No. 13, reports as follows:
Bill No. 13, transmitted by Director of Finance William Takaba, via Communication No. 35,
dated December 6, 2004, amends Ordinance No. 04-75, as amended, the Capital Budget, ending
June 30, 2005, by increasing the following project:
MASS TRANSIT:
West Hawaii and Puna Transit Facilities 110-399-5399.13 [$480,000] $1,980,000
Funds for this appropriation increase shall be provided from:
General Obligation Bonds, Capital Projects Fund- $1,500,000
Fund Balance and/or other Sources.
Funds will be used for four (4) park and ride facilities at Hamakua, South Kona, North Kona, and
Puna. At the Council meeting held on November 24, 2004, the County Council passed Bill
No. 348 on 2nd and final reading for a general obligation bond issuance totaling $47,000,000.
Of that total amount, $1,500,000 was to be apportioned for the West Hawaii and Puna Transit
Facilities.
Mass Transit Administrator Tom Brown transmitted a memo explaining the purpose of this bill is
to add the above project to the County CIP ordinance. As the previous Council approved an
additional 1.5 million dollars to the bond float to create the park and ride lots in Kona and Puna.
Your Committee did not entertain further discussion on this measure.
Your Committee on Finance is in accord with the purpose and intent of Bill No. 13 and
recommends it pass first reading.
smc
Hues noes A&e ex Respectfully submitted
ISBELL X
sAFARIK X COMMITTEE ON FINANCE
ARAKAKI X
HIGA X
HOFFMANN X t"-r
HOLSCHUH X
IKEUA x VIRG IA ISBELL, CHAIR
.IACOesorv X FC REPORT NO 8
PILACO X ADOPTED: J~'~'""S