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HomeMy WebLinkAboutREP FC 087 09/01/2009 2008-2010 REPORT OF THE COMMITTEE ON FINANCE DATE: September 1, 2009 Re: Comm. No. 491/Bill No. 134 PLACE: Sheraton Keauhou Bay Resort and Spa 78-128 Ehukai Street Kailua-Kona, Hawaii TIME: 9:00 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 134, reports as follows: Bill No. 134, transmitted by Finance Director Nancy Crawford, via Communication No. 491, dated August 12, 2009, amends Ordinance No. 09-65, as amended, the Capital Budget, ending June 30, 2010, by adding the following project: PUBLIC WORKS: Mid-Level Road, 110.399.5397.77 $10,000,000 (Ane Keohokalole Highway) - Federal Funds for these projects shall be provided from: $10,000,000 Federal Grants Receivable This appropriation is being made in the event that additional stimulus monies become available for this project. This project will construct a new major collector road from the intersection of Palani Road and Henry Street to Hina Lani Street. The project is 100 percent Federally funded as part of President Obama's Stimulus Program, so County matching funds are not required for construction. There was no discussion on this measure. Your Committee on Finance is in accord with the purpose and intent of Bill No. 134, and recommends it pass first reading. /na AYES NOES A&E Ex Respectfully submitted, ENRIQUES x FORD x COMMITTEE ON FINANCE GREENWELL x HOFFMANN x IKEDA x NAEOLE x ONISHI x DOMINIC YAGON C A YAGONG x FC REP N 87 YOSHIMOTO x A] E : SE 1 6 2009