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HomeMy WebLinkAboutREP FC 224 04/14/1998 1996-1998 REPORT OF THE COMMITTEE ON FINANCE DATE: April 14, 1998 Re: Comm. No. 772Bi11 No. 214 PLACE: Councilroom TIME: 10:45 A.M. Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 214, reports as follows: Bill No. 214, transmitted by Finance Director Hazry Takahashi, via Communication No. 772, dated Mazch 17, 1998, amends Ordinance No. 97-82, the Capital Budget, as amended, by adding the Waikoloa Road Shoulder Improvements, Mamalahoa Highway to Paniolo Avenue at various locations. PUBLIC WORKS Waikoloa Road Shoulder Improvement-Federal $1,000,000 (110-399-5394.19-115) Waikoloa Road Shoulder Improvement-County $250,000 (110-399-5394.20-115) Funds for these projects shall be provided from: Federal Grants Receivable $1,000,000 General Obligation Bonds, Capital Projects Fund- $250,000 Fund Balance and/or other sources According to Chief Engineer Donna Kiyosaki, after reviewing the original PS&E (Plans, Specifications, and Estimates) package the State Department of Transportation found it necessary to increase the shoulder width from six (6) to eight (8) feet. Rather than reducing the length of the project, a second draft of Bill No. 214 was submitted which increased the total estimated construction cost as follows: PUBLIC WORKS Waikoloa Road Shoulder Improvement-Federal $1,200,000 (110-399-5394.19-115) Waikoloa Road Shoulder Improvement-County $300,000 (l 10-399-5394.20-115) Funds for these projects shall be provided from: Federal Grants Receivable $1,200,000 General Obligation Bonds, Capital Projects Fund- $300,000 Fund Balance and/or other sources FC REPORT NO. 224 MAY 0 6 rang . Your Committee on Finance is in accord with the purpose and intent of Bill No. 214, Draft 2, and recommends it pass first reading. Ikc Ayee Noes A&E EX Respectfully submitted CHUNG X LEITHEAD-TODD X CONIl~IITTEE ON FINANCE RAY X SANTANGELO X C/fin SMITH X - TYLER X AARON S. .CHUM ,CHAIR YAGONG X FC REPORT NO. 224 ARAxAIa,~o.n~. X ADOPTED: MAY 0 6 149H