HomeMy WebLinkAboutREP FC 193 01/06/2004 2002-2004RF,PORT OF THE
COMMITTEE ON FINANCE
DATE: .Eanuary 6, 2004
PLACE: Council Chambers
TIME: 10:15 a.m.
Council Chair and Members
Hawaii County Council
I lilo. Hawaii 96720
Re: Comm. No. 444/Bill No. 204
Your Committee on Finance, to which was referred Bill No. 204. repons as follows:
BiII No. 204, transmitted by Director of Financc William "rakaba, via Communication No. 444, dated
December 19, 2003, amends Ordinance No. 03-90, as amended, the Capital Budget, ending June 30, 2004, by
adding the Ebllowing project:
PARKS & RECREATION:
Waikoloa - Ho'oko Street Park -County 110-599-5594.49 $147,700
Waikoloa-Ho'okoStreet Park-Private 110-599-5594.50 $102,300
Funds for these projects shall be provided from:
General Ohligation Bonds, Capital Projects Fund-
F'und Balance and/or other Sources $147J00
Private Contributions $102,300
Additional funds will be used for the basic bid for the park including a pavilion with restrooms, a parking lot, the
grading and grassing for a soccertield extension, a chainlink fence realignment a drywell, a septic tank and a
leachfield. The apparent low bid price is more than was previously appropriated to this project.
Also, to comply with the requirements of Condition M of Ordinance No. 92-40, Kohala Ranch LLC will provide
$140,000 frx Ho'oko Park improvements in Waikoloa Village, of which $102,300 will be allotted to this CIP
account. The remainder of the $250,000 will be funded by County sources.
During its discussion, Your Committee learned that the bid came in higher than espected due to the boom in the
construction indushy. In addition, this project has been in the works for about eight or nine years with a
tremendous amount of volunteer work.
Your Committee on Finance is in accord with the purpose and intent of Bill No. 204 and recommends ii pass first
reading.
smc
CHUNC X
SAFA RIK X
A RA KA KI X
ELARIONOFF X
HOLSCHUH X
JACOBSON X
REYNOLDS X
TULANG X
TYLER X
Respectfully submitted
/C rr'I EE? ON FINANCE?
~/ ~a . ~~
AARON S.Y. HUNG, CHA
PC REPORT N(
ADOPTED: JA F