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HomeMy WebLinkAboutREP FC 263 03/21/2006 2004-2006 REPORT OF THE COMMITTEE ON FINANCE DATE: March 21, 2006 Re: Comm. No. 748/Res. No. 285-06 PLACE: Sheraton Keauhou Bay Resort and Spa TIME: 10:00 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 285-06, reports as follows: Resolution No. 285-06, transmitted by Director of Finance William Takaba, via Communication No. 748, dated Mazch 7, 2006, authorizes the payment of funds of a later 5scal yeaz and of more than one fiscal year for amulti-year lease of real property for the one-stop Aging & Disability Resource Center (ADRC). The Hawaii County Office of Aging wishes to enter into amulti-yeaz lease for ten years for office and storage space located at 1055 Kino`ole Street in Hilo. This centralized site, on the grounds of the old Sun Sun Lau building, will serve as the one-stop Aging & Disability Resource Center (ADRC) where information, counseling, and access to all long-term support matters will be made available to the public. The Office of Aging recently received a federal grant for $495,000 from the State Executive Office of Aging to develop the ADRC as a pilot site. In addition to this funding, rental income will be generated through sub-leases of space to certain participating agencies. Pursuant to Section 10-1 1, Hawaii County Charter, any contract, lease or other obligation requiring payment of funds from the appropriations of a later fiscal year must be approved by resolution. Some members of Your Committee were concerned that the facility was not up to Building standazds and is in a flood zone. Also, if the lease is for ] 0-years and the Sub-Lessees are not funded in the future the County may be forced to find the necessary funds in order to fulfill its lease obligation. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 285-06 and recommends its adoption. smc Huss Noes A&s sx Respectfully submitted, ARAKAKI X HICA x COMMITTEE ON FINANCE HOFFMANN X HOLSCHUH X IKEDA X [SBELL X aACOSSON x VIRG IA ISBELL, CHAIR Pttaco X FC REPORT NO. 263 SAFARtK X ADOPTED: ~PR t q_,ZQj1fi_