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HomeMy WebLinkAboutREP FC 254 05/04/2004 2002-2004REPORT OF THE COMMITTEE ON FINANCE DATE: May 4. 2004 PLACE: Council Chambers TIME: 11:05 a.m. Respectfully submitted Re: Comm. No. 606/Bill No. 264 Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 264, reports as follows: Bill No. 264. transmitted by Director of Finance William Takaba, via Communication No. 606, dated April 21, 2004, amends Ordinance No. 03-90, as amended, the Capital Budget, ending .tune 30, 2004. by adding the following project: PARKS & RECREATION: Pualani Estates Subdivision 110-599-5597.92 $100,000 Playground Development Funds for these projects shall be provided from fund balance -designated. Funds will be used for the installation of playground equipment at Pualani Estates Subdivision Playground Development for children between the ages of 5-12 and 2-5. Although playground equipment was not part of the requirements of the subdivision agreement, the Department of Parks and Recreation would like to support the installation of the playground equipment by utilizing the fair share assessment funding. Pat Engelhard, Director of Parks & Recreation, explained that the reason the amount is listed only for construction in the Financial Impact Statement is because it depends ou the community efforts. [f the community is unwilling to do any of the construction themselves it will cost $100,000 to construct the playground. However, if the community does the construction themselves, the $100.000 will buy playground equipment, lay down a concrete pad, and install the ADA walkways to the playground. Your Committee on h'inance is in accord with the purpose and intent of Bill No. 264 and recommends it pass tirst reading. smc A1'F.S NOES A&@ ARS CHUNG X SAFARIK X ARA KAKI X F,I,ARIONOFF X HOLSCHUH X JACOBSON X REYNOLDS X TULANG X TYLER X CO T EON FINANCE ~ i AARON S.Y. CH JNG, CHAIR FC REPORT NO. . 4 ADOrrED: MAY 1 9 9nne llnu'm'i (?mm~~ ec nn liyua! Opparhimn~ Vrovidcr and Enrplnrer