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HomeMy WebLinkAboutREP FC 061 02/21/2007 2006-2008 REPORT OF THE COMMITTEE ON FINANCE DATE: February 21, 2007 Re: Comm. No. 170Bi11 No. 48 PLACE: Sheraton Keauhou Bay Resort & Spa 78-128 `Ehukai Street Kailua-Kona, Hawaii TIME: 2:03 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 48, reports as follows: Bill No. 48, transmitted by Director of Finance William Takaba, via Communication No. 170, dated February 5, 2007, amends Ordinance No. 06-80, as amended, the Capital Budget, ending June 30, 2007, by adding the following project: ENVIRONMENTAL MANAGEMENT: Honoka`a Large Capacity 110.699.5693.18 [$600,000] $1,200,000 Cesspool Replacement Funds for this appropriation increase shall be provided from: General Obligation Bonds, Capital Projects Fund - $ 600,000 Fund Balance and/or other Sources This bill will be appropriating an additional $600,000 to the project which involves the design and installation of new sewer mains and a new Wastewater Treatment Plant in order to meet Environmental Protection Agency requirements in eliminating large capacity cesspools. This bill increases the FY06-07 appropriation from $600,000 to $1,200,000 and brings the total appropriations for the project to $1,800,000. Your Committee stated that the Department of Environmental Management provide the necessary information in ample time to the community regarding the project. Pursuant to Section 10-6(d), Hawai`i County Charter, the Council may amend the Capital Budget for that year with a two-thirds vote. Your Committee on Finance is in accord with the purpose and intent of Bill No. 48 and recommends it pass first reading. la evES Noes nse ex Respectfully submitted, FORD X HIGA x COMMITTEE ON FINANCE HOFFMANN X IKEDA X JACOBSON X ~ NAEOLE X ,u~~ PILAGO x DOMINIC YAGONG, I YAGDNG X FC REPORT vosHlMOTO X ADOPTED: AR O 9 OQI