HomeMy WebLinkAboutREP FC 054 03/15/2005 2004-2006 KEPORT OF THE
COMMITTEE ON FINANCE
DATE: March l5, 2005 Re: Comm. No.137/Res. No. 56-OS
PLACE: Council Chambers
TIME: 10:18 a.m.
Council Chair and Members
Hawaii County Council
Hilo. Hawaii 96720
Your Committee on Finance, to which was referred Resolution No. 56-05, reports as follows:
Resolution No. 56-05, transmitted by Director of Finance William Takaba, via Communication
No. 137, dated February 28, 2005, authorizes amulti-year lease of real property.
fhe department of parks and recreation wishes to enter into amulti-year lease for four years for
the office space presently occupied by the Kona Elderly Activities Office. The current lease that
ends nn J une 30. 2005 has an option to renew the term of the lease. Funds would be budgeted in
future fiscal years to co~~erthe anticipated costs.
Pursuant to Section 10-11, Hawaii County Charter, any contract, lease or other obligation
requiring payment of funds from the appropriations of a later fiscal year, or of more than one
fiscal year shall be approved by resolution.
During its discussion, your Committee learned that the County, upon giving one hundred eighty
days' notice, will be able to terminate this lease if the County builds its own building, or enters
into an agreement with a Senior Resource F[ousing Center.
Your Committee on Finance is in accord with the purpose and intent of Resolution No. 56-OS
and recommends its adoption.
smc
Ares woes nx~r: ex Respectfully submitted,
ARAIiAIiI X
HtcA X COMMITTEE ON F[NANCE
HOFFMANN X
HOLSCHUH X
IKEDA X _ ~ ~
ISBELL X _ r
~ACOBSON x VIRG NIA ISBELL, CHAIR
Pu,ACO X FC RF,PORT NO. 54
SAFARIK X ADOPTED: APR
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