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HomeMy WebLinkAboutREP FC 069 03/20/2007 2006-2008 REPORT OF THE COMMITTEE ON FINANCE DATE: Mazch 20, 2007 Re: Comm. No. 220/Reso. No. 91-07 PLACE: Council Chambers TIME: 1:34 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 91-07, reports as follows: Resolution No. 91-07, transmitted by Council Member Dominic Yagong, via Communication No. 220, dated Mazch 1, 2007, authorizing the Office of the Mayor to enter into a long term agreement with the Merrie Monarch Festival, to lease a portion of the former County of Hawaii Real Property Tax office situated at 865 Pi`ilani Street in Hilo, Hawaii. The long term lease agreement shall be for 20-years at the cost of $1.00 per year plus utilities. 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 year must be approved by resolution. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 91-07 and recommends its adoption. la noes rvoes nee ex Respectfully submitted, FORD X HICA x COMMITTEE ON FINANCE HOFFMANN X IKEDA X JACOBSON X NAEOLE X U~-- PILAGO x DOMINIC YAGO C IR vncoNC x FC REP N 69 YOSHIMOTO X ADOPT A