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HomeMy WebLinkAboutREP FC 242 02/28/2006 2004-2006 REPORT OF THE COMMITTEE ON FINANCE DATE: February 28, 2006 Re: Comm. No. 693Bi11 No. 230 PLACE: Council Chambers TIME: 4:00 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 230, reports as follows: Bill No. 230, transmitted by Council Member Fred C. Holschuh, M.D., via Communication No. 693, dated February 9, 2006, amends Ordinance No. OS-87, as amended, the Capital Budget, ending June 30, 2006, by adding the following project: PARKS & RECREATION: Hakalau Veterans' Park Improvements 110.599.5591.90 $1,050,000 Funds for these projects shall be provided from: General Obligation Bonds, Capital Projects Fund- $1,050,000 Fund Balance and/or other Sources Funds will be used to design, install and purchase materials for resttooms, including septic capacities and a pavilion ($400,000); bleachers ($30,000), roofing to cover the bleachers ($120,000), and ADA compliance ($500,000). Pursuant to Section 10-6(d), Hawai`i County Charter, the Council may amend the Capital Budget for that year with atwo-thirds vote. Your Committee on Finance is in accord with the purpose and intent of Bill No. 230 and recommends it pass first reading. smc raves Noes n&e ex Respectfully submitted, ARAKAKI X xlcA X COMMITTEE ON FINANCE xoFFmANrs X HOLSCHiTH X p, IKEDA X ~ ~ } I5BELL X ~ ~ ~ n~ ~i t~, ~yr1 ' ~'I aACOSSON X VIRG IA ISBELL, CHAIR PILAGO X FC REPORT NO. ~24~2 SAFARIK X ADOPTED: MAR L L LUUp