HomeMy WebLinkAboutREP FC 289 10/06/1998 1996-1998 REPORT OF THE
COMMITTEE ON FINANCE
DATE: October 6, 1998 Re: Comm. No. 996Bi11 No. 302
PLACE: Couneilroom
TIME: 10:30 A.M.
Chair and Members
Hawaii County Council
Hilo, Hawaii 96720
Your Committee on Finance, to which was referred Bill No. 302, reports as follows:
Bill No. 302, transmitted by Finance Director Harry Takahashi, via Communication No. 996, dated
September 17, 1998, terminates the Improvement District No. 16 (Keaau Agricultural Lots) and cancels
the assessment installments relating to refunds for said district.
Bill No. 302 hereby cancels installments 152 through 240 of Improvement District 16, Keaau Agricultural
Lots. "I'he Director of Finance will make refunds of the total cash paid on prepaid installments 153
through 240 to persons who are the owners of the assessed lots at the time of actual refund and release the
assessment lien on appropriate parcels in the district.
With the termination of the Improvement District Construction Fund, Fund 124 is terminated and all cash
remaining in the fund will be transferred to the Improvement District Agency Fund, Fund 121, to
facilitate the refunds authorized in Sections 2 and 3. Fund 121, Improvement District No. 16, Keaau
Agricultural Lots Agency Fund will be terminated at such time as the Director of Finance has determined
that all outstanding or anticipated debts or obligations of the improvement district have been paid or can
be satisfied.
Your Committee on Finance is in accord with the purpose and intent ofBi11 No. 302 and recommends it
pass first reading.
Ici
1yes Noes .1&N F.X
Respectfully submitted
CHUNG X
LEtTHEAn-TOGO X COMMITTEE ON FINANCE
RAY X
SANTANGELO ~
X L-- -
snt?re X AARON S.Y. CHUM CHAIR
TYLER X FC REPORT NO. 289
YAGONG ]i( ~ ADOPTED: OCT 2 i 1QQR
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