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HomeMy WebLinkAboutREP FC 207 12/18/2007 2006-2008 _ _ REPORT OF THE COMMITTEE ON FINANCE DATE: December 18, 2007 Re: Comm. No. 846/Resolution No. 445-07 PLACE: Sheraton Keauhou Bay Resort & Spa 78-128 `Ehukai Street Kailua-Kona, Hawaii TIME: 1:39 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 445-07, reports as follows: Resolution No. 445-07, transmitted by Director of Finance William Takaba, via Communication No. 846, dated December 4, 2007, authorizes the payment of funds for more than one fiscal year for the lease of three (3) Open Top Refuse Trailers for the Deparhnent of Enviromnental Management Solid Waste Division. Open top refuse trailers with 102 cubic yard capacity and the ability to carry a heavier load of approximately 20 tons, would result in a lower frequency of refuse trailers being brought to the landfills to deposit their waste; thus reducing the fuel and maintenance costs and road congestion on public highways. The Solid Waste Fund does not have the resources to purchase the referenced equipment and therefore request the authority to enter into afive-year lease agreement. The funding for this lease is included within the current fiscal year's budget. There was no discussion on this measure. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 445-07, and recommends its adoption. la AYES NOES A&E EX Respectfully submitted, FORD x RIGA x COMMITTEE ON FINANCE HOFFMANN x k~ IKEDA x JACOBSON X NAEOLE x BOB JACO ON, VICE- HAIR PILAGO x REPORT NO. 207 YAGONG X YOSHIMOTO x ADOPTED:.IAN O 9 900A