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RF,PORT OF THE <br />COMMITTEE ON FINANCE, <br />DAI~F:: August S. 3003 Rr. Comm. No. 389/Res. Nu. 87-03 <br />FLAC-~:: Council Chambers <br />IIMF,: 10:05 a.m. <br />Council Chair and Members <br />I lawai'i County Council <br />I Iilo. Hawui'i 96720 <br />lour Committee on Pinance_ to which was reicrrcd Resolution No. 87-03. reports as follows: <br />Resolution No. 87-03, transmitted by Director of I~inance William Takaba, tia Communication <br />No. 289, dated July 16. 200 ~. authoriics the payment of funds of a later fiscal year and of more <br />than one fiscal vcar for eleven refuse trailers. <br />l~he Department of I?nvironmental Management, Solid Waste Division, wishes to enter imo a <br />Lice-year (case contract with purchase options for eleven refuse trailers. Several of die current <br />refuse trailers are in excess of twche ~ ears of age, require major replacement parts and <br />maintenance, and hate reached the end of their useful lilt. <br />l he Solid Waste Fund does not have the financial resources to purchase the aforementioned <br />equipment and, therefore, reyucsts die authority to enter into a Icasc agreement for five years. <br />I~ ands would be budgeted in fuhu'c fiscal years to cover the anticipated costs. <br />Pursuant to Section 10-1 1, 1 lawai'i County Charter. any contract lease or other obligation <br />requiring payment of funds from die appropriations of a later fiscal year must be appr<ned b} <br />resolution. <br />four Committee on Finance is in accord with the purpose and intent of Resolution Na. 87-O; <br />and reconuncnds its adoption. <br />smc <br /> ~~HS ~Or. ~sr ~ic< <br />('III~NG X <br />tiA F~A RII( X _ <br />A R.4 FAhl X _ <br />F.LARIONOFF X <br />IIOLSCHIiII X <br />.IA('OBSON X <br />RF;VNOLDti X <br />Il'LF:R X <br /> <br />Rcspect~ully submitted <br />COMMIT°Il?1? ON I~INANCI{ <br />AnRON s.l. cui~r~a. cttaiiz <br />I~C RF:POKI NO. 120 <br />nDOi~~rt~:D: AUK 2 6 ~3 <br />