HomeMy WebLinkAboutREP FC 299 05/16/2006 2004-2006 REPORT OF THE
COMMITTEE ON FINANCE
DATE: May 16, 2006 Re: Comm. No. 889/Res. No. 364-06
PLACE: Council Chambers
TIME: 10:03 a.m.
Council Chair and Members
Hawaii County Council
Hilo, Hawaii 96720
Your Committee on Finance, to which was referred Resolution No. 364-06, reports as follows:
Resolution No. 364-06, transmitted by Director of Finance William Takaba, via Communication No. 889,
dated May 2, 2006, authorizes the payment of funds of a later fiscal yeaz and of more than one fiscal yeaz
for amulti-year lease of real property at 891 Ululani Street.
The County wishes to enter into amulti-yeaz lease with Harvey S. Tajiri and Helene H. Tajiri, through
Ala Kai Realty, Inc., for five (5) yeazs beginning on July 1, 2006 and will haue an unconditional right to
terminate, effective after three (3) years with one hundred eighty (180) days prior written notice to the
landlord.
This property, located across from the Police Department, was formerly the VA Hilo Medical Office
Building. It contains 11,996 square feet of office space and 28 pazking stalls that can be reconfigured to
include a few more. The owner of the building has agreed to furnish the County with additional parking
stalls at one of two adjacent empty lots.
Funds would be budgeted in future fiscal yeazs to cover the 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 yeaz must be approved by resolution.
William Takaba, Director of Finance, explained that although the lease is for five years, provisions aze
included to end the lease after three years with no penalty.
Some members of Your Committee felt that Administration should do a cost analysis on demolishing and
rebuilding the County Building and one for renovations on the County Building.
Your Committee on Finance is in accord with the purpose and intent of Resolution No. 364-06 and
recommends its adoption.
smc
AYES NOES A&E EX Respectfully sul7iruned,
ARAKAHI X
HICA X COMMITTEE ON FINANCE
HOFFMANN X
HOLSCH[JH X
i
IKEDA X
ISBELL X
aACOBSON x VIRG IA ISBELL, CHAIR
rnaco X FC REPORT NO. 299
SAFARIK X ADOPTED: JUN 0 5 inns