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HomeMy WebLinkAboutREP FC 037 02/06/2007 2006-2008 REPORT OF THE COMMITTEE ON FINANCE DATE: February 6, 2007 Re: Comm. No. 126/Reso. No. 50-07 PLACE: Sheraton Keauhou Bay Resort & Spa 78-128 `Ehukai Street Kailua-Kona, Hawaii TIME: 2:15 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 50-07, reports as follows: Resolution No. 50-07, transmitted by Director of Finance William Takaba, via Communication No. 126, dated Januazy 23, 2007, authorizes the payment of funds for more than one fiscal yeaz for the lease of one (1) D7 Bulldozer for the Depaztment of Environmental Management Solid Waste Division. This D7 bulldozer is needed to maintain operations at the West Hawaii Landfill. The Department of Public Works Administration Office wishes to enter into afive-year lease contract with purchase options for one (1) D7 bulldozer. The funding for this lease is included within the current fiscal yeaz's budget. 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 a resolution. There was no discussion on this measure. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 50-07 and recommends its adoption. la AYES rvoES A&E Ex Respectfully submitted, FORD X HIGA x COMMITTEE ON FINANCE HOFFMANN X IKEDA X JACOBSON X NAEOLE X PILAGO x DOMINIC YAGO C IR YAGONG X FC REP N 37 vosHlMOTO x ADOPTED: FE 2 2 2007