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HomeMy WebLinkAboutCOM 0370.000 2006-2008 MtY a• y~ Harry Kim ~ ~ William Takaba yla4, Mayor Director r •~e-~~ Nancy E. Crawford • ~+•oi'M~«~ Deputy Director County of Hawaii Finance Department r, . 25 Aupuni S[ree[, Room 1 IS • Hilq Hawaii 96920 ~'i (808) 961-8234 Fax (808) 961-8248 ~ April 20, 2007 IV Pete Hoffmann, Chairman and t= Members of the Hawaii County Council Hawai'i County Council =3 25 Aupuni Street =D Hilo, Hawaii 96720 Re: Operating Budget Enclosed is a bill for an ordinance amending the Operating Budget by appropriating the in-lieu fees and interests income from the fund balance account of the County Housing Revolving Fund to the individual accounts. The Office of Housing and Community Development (OHCD) received "in-lieu" fees from Kohala Ranch, LLC, Parker Ranch, and Wainani 42, LLC., as well as interest income. The funds will be maintained separately and will be expended in accordance with the requirements of their respective housing agreements. The OHCD respectfully requests that this matter be waived from the Finance Committee meeting and placed on the agenda of the full Council on May 2, 2007. The OHCD will be seeking Council approval to use these funds for the Waikoloa Employees Housing Project. Timing and Council's approval are critical to the project. If there are any questions, please do not hesitate to call the Office of Housing and Community Development. l William Ta aba Director of Financ~ APPROVED: PFfarry Kim 0 Mayor fQc• Ref. To: U _ Enc. Ref. Date- cc: OHCD ~ p /lr \ HawaPi County is an Equal Opportunity Provider and Employer Form B-52 7/18/91 DEPARTMENT OF FINANCE REQUEST FOR COUNCIL ACTION Office of Housing & DEPARTMENT: Community Development DATE: 04/20/2007 STAFF CONTACT: Edwin S. Taira, Housing Administrator PHONE: 961-8379 A. REQUEST: The Office of Housing and Community Development (OHCD) is respectfully requesting to amend the operating budget to appropriate the "In-Lieu" fees and interest income from the fund balance account to the individual appropriate accounts (see attached). B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): The OHCD received "in-lieu" fees from Kohala Ranch, LLC, Parker Ranch, and Wainani 42, LLC., as well as interest income. This request is submitted as a "housekeeping" measure. The funds will be maintained separately and will be expended in accordance with the requirements of their respective housing agreements. The OHCD respectfully requests that this matter be waived from the Finance Committee meeting and placed on the agenda of the full Council on May 2, 2007. The OHCD will be seeking Council approval to use funds for the Waikoloa Employees Housing Project. Timing and Council approval are critical to the project. SIGNED: DATE: f~' Za J Department Head 7313bt1w Revenue Source Account No. Source Fund Amount 3609.61 Fund Balance from Prior Year- Desi Hated Count Housin Revolvin $331,626.56 3607.00 Contributions from Private Source Count Housin Revolvin $ 23,128.00 $354,754.56 Project Accounts: Account No. Source Fund Amount 154.461.5464.57-115 Manini'owali Pro'ect Count Housin Revolvin $ 2.30 154-461.5464.58-115 Pualani Estates Count Housin Revolvin $ 4.33 154-461.5464.59-115 Ali'i Cove Count Housin Revolvin $ 1.96 154-461-5464.60-115 Kohala Ranch Proect IV Count Housin Revolvin $292,067.99 154-461-5464.61-115 Luala'i at Parker Ranch Phase II Count Housin Revolvin $ 39,549.88 154-461-5464.62-115 Wainani 42 LLC Count Housin Revolvin $ 23,128.00 $354,754.56 7313bt1w PETE HOFFMANN tY w e BRENDA FORD Chair & Presiding Officer STACY K. HIGA DONALDIKEDA K. ANGEL PILAGO BOB JACOBSON vice Chair EMILY I. NAEOLE °'y~° DOMINIC YAGONG !i'oi'Mi J YOSHIMOTO HAWAII COUNTY COUNCIL County ofHawai'i Hawaii County Building 25 Aupuni Street Hilo, Hawaii 96720 Apri123, 2007 Pete Hoffmann, Chair Hawaii County Council 25 Aupuni Street Hilo, Hawaii 96720 RE: Bill No. 95 An Ordinance to Amend Ordinance No. 06-79, As Amended, The Operating Budget For the County of Hawaii for the Fiscal Year Ending June 30, 2007. Pursuant to Section 2(g) of Rule 4 of the Rules of Procedure of the Council of the County of Hawaii, this written request is submitted with my approval that the above-referenced matter be waived from the Committee on Finance to the full Council for immediate action. In reviewing this matter, timely approval is crucial. It is therefore advantageous that approval is granted and the matter placed onto the next Council agenda for review. However, in the event this request is denied, for whatever reason, I understand the matter shall be referred to the Committee on Finance for placement on its future agenda. Sin erely, UV~..-_~ Dominic Yagong, hit Committee on Fin ved/Date/Waive to ouncil: Disapproved/Date/Refer to FC: Pete Hoffmann, Chair Pete Hoffmann, Chair Hawaii County Council Hawaii County Council DY/la Hawai `i County /s An Equal Opportunity Provider And Employer