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HomeMy WebLinkAboutREP FC 357 11/06/2008 2006-2008REPORT OF THE COMMITTEE ON FINANCE DATE: PLACE: November 6, 2008 Re: Comm. No. 1531Bi11 No. 389 TIME: Sheraton Keauhou Bay Resort & Hotel 78-128 `Ehukai Street Kailua-Kona, Hawaii 1:33 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 389, reports as follows: Bill No. 389, transmitted by Director of Finance William Takaba, via Communication No. 1531, dated October 16, 2008, amends Ordinance No. 08-79, as amended, the Capital Budget, ending June 30, 2009, by adding the following project: PLANNING: Transit-Oriented Design (TOD) Village Master Plans 110.399.5390.52 $550,000 Funds for this appropriation increase shall be provided from: General Obligation Bonds, Capital Projects Fund - $550,000 Fund Balance and/or Other Sources TOD villages are a new concept to the Hawaii County. The County needs to take the lead to prepare the first TOD master plans to develop in more detail the components of a TOD, the level of detail of a master plan, and the process to prepare this plan. Master plans under consideration include the Kona civic center TOD which coordinates the infrastructure and land uses surrounding the civic center in a "Greenfield" context, and Kailua Village TOD which coordinates the existing uses and multiple landowners in a redevelopment context. The lessons learned may have applicability to a Puna TOD as conceived by the Puna CDP. Pursuant to Section 10-6(d), Hawai`i County Charter, the Council may amend the Capital Budget for that year with atwo-thirds vote. There was no discussion on this measure. FC REPORT NO. 357 Bi11389 FC 357-01 Page -2- Your Committee on Finance is in accord with the purpose and intent of Bill No. 389, and recommends it pass first reading. la AYES NOES A&E EX FORD X HIGA X HOFFMANN X IKEDA X JACOBSON X NAEOLE X PILAGO X YACONG X YOSHIMOTO X Respectfully submitted, ON FINANCE DOMINIC Y~ FC