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HomeMy WebLinkAboutREP FC 208 12/18/2007 2006-2008 REPORT OF THE COMMITTEE ON FINANCE DATE: December 18, 2007 RE: Comm. No. 847/Res. No. 446-07 PLACE: Sheraton Keauhou Bay Resort & Spa 78-128 `Ehukai Street Kailua-Kona, Hawaii TIME: 139 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 446-07, reports as follows: Resolution No. 446-07, transmitted by Director of Finance William Takaba, via Communication No. 847, dated December 4, 2007, authorizes the payment of funds for more than one fiscal year for the lease of six (6) Truck Tractors for the Department of Environmental Management Solid Waste Division. The truck tractors are needed to move the increased diverted residential waste, which includes green wastes from transfer stations, to recycling facilities, and/or white metal/scrap metal to the Scrap Metal facilities. The truck tractors will also be utilized in conjunction with the open top trailers which will consolidate the wastes from Pahala and Waiohinu transfer stations to minimize the truck traffic and driving time on the highway. The Solid Waste Fund does not have the resources to purchase the referenced equipment and therefore request the authority to enter in a lease agreement for five (5) years. The funding for this lease is included within the current fiscal year's budget. 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. 446-07, and recommends its adoption. la AYES NOES A&E EX Respectfully submitted, FORD X RIGA X COMMITTEE ON FINANCE HOFFMANN X IKEDA X JACOBSON X NAEOLE X BOB JACO ON, VICE-CHA PILAGO X FC REPORT NO. 208 YAGONG X YOSHIMOTO X ADOPTED:,IAN O 9 POOR