HomeMy WebLinkAboutREP FC 243 02/28/2006 2004-2006 REPORT OF THE
COMMITTEE ON FINANCE
DATE: February 28, 2006 Re: Comm. No. 695Bi11 No. 23 ]
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. 231, reports as follows:
Bill No. 231, transmitted by Director of Finance William Takaba, via Communication No. 695,
dated February 3, 2006, amends Ordinance No. OS-87, as amended, the Capital Budget, ending
June 3Q 2006, by adding the following project:
ENVIRONMENTAL MANAGEMENT:
Waste Reduction Facility 110-699-569].59 $40,000,000
Funds for this appropriation increase shall be provided from:
General Obligation Bonds, Capital Projects Fund- $40,000,000
Fund Balance and/or other Sources
There is a possibility that the method finally selected to dispose of waste in East Hawaii will
require minimal funding; however, if necessary, this funding will be used for planning, design
and construction of the facility. This is being done to be prepared for the possibility that the
most prudent and fiscally responsible way to finance a waste reduction facility may be through
County bond funding. It is emphasized that the need for this funding method or the amount that
may be needed is unknown at this time.
Pursuant to Section 10-6(d), Hawai`i County Charter, the Council may amend the Capital Budget
for that year with atwo-thirds vote.
Finance Director William Takaba explained that without adding the cost of construction the
facility to the County's Capital Budget, there may not be as many proposals submitted without
the possibility of county financing, private companies will be less willing to pay the hundreds of
thousands of dollars it costs to design a facility and respond to the County's request for solutions
to its Solid Waste disposal problem. However, the request for proposal process can continue
without the Mayor's request to add the project to the Capital Improvement Budget.
Council Member Gary Safarik notified Your Committee that he is working on a resolution for
policy statement that will show that the County is serious about building atrash-processing plant,
which could prevent adding the project to the Capital Improvement Budget.
FC REPORT NO. 243
For informational purposes, Council Chair Stacy Higa voted kanalua then yes, and Council
Member Holschuh voted kanalua twice.
Your Committee on Finance is in accord with the purpose and intent of Bill No. 231 and
recommends it pass first reading.
smc
nres xoes A&e sx Respectfully submitted,
ARAKAKI ._X -
fficA x COMMITTEE ON FINANCE
HOFFMANN X
HOLSCIIUH X
IKEDA X j f
ISBELL X ~ 0., ~-e~_'~j--f`~~~~'
JACOBSON X VIR IA ISBELL, CHAIR
PILAGO X FC REPORT NO. 243
SAFARIK X ADOPTED:
OFFICE INFORMATION ONLY
Meeting: March 22, 2006 -Council Meeting (33`d Session)
Action:
Filed Bill 231
FC Report 243 transmitted the above bill for approval.
Re: C-695/BILL 231/FC-243