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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> <br /> DATE: December 18, 2007 RE: Comm. No. 847/Res. No. 446-07 <br /> PLACE: Sheraton Keauhou Bay Resort & Spa <br /> 78-128 `Ehukai Street <br /> Kailua-Kona, Hawaii <br /> TIME: 139 p.m. <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Resolution No. 446-07, reports as follows: <br /> Resolution No. 446-07, transmitted by Director of Finance William Takaba, via Communication <br /> No. 847, dated December 4, 2007, authorizes the payment of funds for more than one fiscal year <br /> for the lease of six (6) Truck Tractors for the Department of Environmental Management Solid <br /> Waste Division. The truck tractors are needed to move the increased diverted residential waste, <br /> which includes green wastes from transfer stations, to recycling facilities, and/or white <br /> metal/scrap metal to the Scrap Metal facilities. The truck tractors will also be utilized in <br /> conjunction with the open top trailers which will consolidate the wastes from Pahala and <br /> Waiohinu transfer stations to minimize the truck traffic and driving time on the highway. <br /> The Solid Waste Fund does not have the resources to purchase the referenced equipment and <br /> therefore request the authority to enter in a lease agreement for five (5) years. The funding for <br /> this lease is included within the current fiscal year's budget. <br /> Pursuant to Section 10-11, Hawaii County Charter, any contract, lease or other obligation <br /> requiring payment of funds from the appropriations of a later fiscal year must be approved by <br /> resolution. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 446-07, <br /> and recommends its adoption. <br /> la <br /> AYES NOES A&E EX Respectfully submitted, <br /> FORD X <br /> RIGA X COMMITTEE ON FINANCE <br /> HOFFMANN X <br /> IKEDA X <br /> JACOBSON X <br /> NAEOLE X BOB JACO ON, VICE-CHA <br /> PILAGO X FC REPORT NO. 208 <br /> YAGONG X <br /> YOSHIMOTO X ADOPTED:,IAN O 9 POOR <br /> <br />