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HomeMy WebLinkAboutAGE FC 02/17/1998 1996-1998 30th SESSION r AGENDA ~ OOI~4ITTEE ON FINANCE ~I ~ _ _ ~ . Aaron Chung, Chair JohnrRay, Vice Chair C"~~ 9o6by Jean Leithead-Todd, Member John Santangelo, Member Al Smith, Member Curtis Tyler, Member Dominic Yagong, Member James Y. Arakaki, Ez-Officio Member DATE: February 17, 1998 (Tuesday) PLACE: Councilroom TIME: 10:30 a.m. CALL TO ORDER STATEMENTS FROM THE PUBLIC ON ITEMS ON THE AGENDA REFERRALS Comm. 4.29: TRANSFER OF FUNDS JANUARY 16 - 31, 1998 From Controller Dizie Kaetsu, dated February 5, 1998, transmitting a Report of Transfers Authorized showing transfers made from January 16 through January 31, 1998, and copies of the approved transfer forms. Comm. 697: ORDINANCE BILL INCREASING THE AMOUNT OF THE FEDERAL (Bill 194) PORTION OF THE MAMALAHOA HIGHWAY IMPROVEMENTS (KAMAMALU cTUF~T TO LINDSEY ROAD) PROJECT BY 829 388 34 From Finance Director Harry A. Takahashi, dated January 22, 1998, transmitting the above bill. The appropriation with the increase will total $5,200,000.00. irNFINTSHED BUSINESS Comm. 636: ORDINANCE SILL AUTHORIZING THE ISSUANCE OF $40 MILLION (Bill 180) GENERAL OBLIGATION BONDS OF THE COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING VARIOUS PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII; FIXING THE FORM, DENOMINATIONS, AND CERTAIN OTHER DETAILS OF SUCH BONDS AND PROVIDING FOR THEIR SALE; AND AUTHORIZING THE ISSUANCE AND SALE OF A LIKE PRINCIPAL AMOUNT OF GENERAL OBLIGATION BOND ANTICIPATION NOTES IN ANTICIPATION OF THE ISSUANCE AND SALE OF SUCH BONDS AND APPROPRIATING FUNDS FOR THE rncmc nF THE ISSUANCE OF SUCH BONDS From Mayor Stephen K. Yamashiro, dated December 10, 1997, transmitting the above bill. States the bond proceeds from the 1996 general obligation bond issuance FC-30 Page 2 February 17, 1998 Comm. 636: have pretty much been allotted and that there are still (Bill 180) a number of major projects which need funding (Cont'd) consideration. Comm. 636.01: From Councilmember J. Curtis Tyler, III, dated January 2, 1998, transmitting a letter from Mr. Hugo von Platen Luder commenting on the $40 million General Obligation Bond. Comm. 636.02: From Finance Director Harry A. Takahashi, dated (Bill 180) January 7, 1998, transmitting an amendment to Bill 180 (Draft 2) to correct a typographical error on page 1, Section 1. Ordinance No. 97-72 should read Ordinance No. 97-82. Comm. 636.03: From Finance Director Harry A. Takahashi, dated January 7, 1998, transmitting, as requested, a listing of prospective projects for the general obligation bond issue (Bill 180). Also provides an explanation of the allotment process. Comm. 636.04: From Leslie Chow, Fiscal/Program Review Auditor, Legislative Auditor's Office, dated February 5, 1998, submitting, as requested, background information on general obligation (G.O.) bonds and, in particular, the collateral issues associated with the $40 million G.O. bond proposed by the Administration (Bill 180, Draft 2). NEW BUSINESS/STATEMENTS FROM THE PUBLIC/ADJOURNMENT The meeting place is accessible for persons with physical disabilities. Persons who need special accommodations to attend this meeting should call 961-8245 by February 13, 1998. Persons using TDDs may call 961-8521. (Copies of this agenda and all communications are posted and filed at the County Clerk's Office in Hilo and the Office of the Mayor, Kailua-Kona. For further information, please call 961-8245. Those wishing to testify, please register with the County Clerk's staff prior to the convening of the meeting. If possible, submit fifteen (15) written copies of testimony to staff prior to the convening of the meeting.) GOVERNMENT ACCESS TELEVISION: Channel 9 (Hilo) and Channel 12 (Kona). The Public Works & Parks Committee and Finance Committee meetings can be seen on Tuesday, February 17 at 8:30 p.m. and on Tuesday, February 24, at 8:30 p.m. The Planning Committee meeting can be seen on Thursday, February 19 at 8:30 p.m. and Thursday, February 26 at 8:30 p.m. All the above meetings will be aired on Sunday, March 1 at 9 a.m.