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HomeMy WebLinkAboutREP FC 184 10/19/2010 2008-2010 REPORT OF THE COMMITTEE ON FINANCE DATE: October 19, 2010 Re: Comm. No. 967/Bill No. 309 PLACE: Sheraton Keauhou Bay Resort and Spa 78-128 `Ehukai Street Kailua-Kona, Hawai`i TIME: 9:05 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance,to which was referred Bill No. 309, reports as follows: Bill No. 309,transmitted by Finance Director Nancy Crawford via Communication No. 967, dated October 6, 2010, amends Ordinance No. 10-60, as amended, the Capital Budget for the County of Hawai`i for the fiscal year ending June 30, 2011, by adding the following project: PUBLIC WORKS: Mid-Level Road(Ane Keohokalole Highway)—Private 110.399.5396.03 $5,000,000 Funds for this appropriation increase shall be provided from: Private Contributions $5,000,000 There are various work items requested by adjacent property owners, primarily utility lines and other related improvements,that only benefit adjacent properties along the construction area of Ane Keohokalole Highway. These improvements do not qualify for ARRA funds and are referred to as non-participating work. The property owners have agreed to pay for their share of non-participating work. Pursuant to Section 10-6(d), Hawai`i County Charter,the Council may amend the Capital Budget for that year with a two-thirds vote. Director of Public Works Warren Lee was present to answer any Council Member questions. Your Committee on Finance is in accordance with the purpose and intent of Bill No. 309 and recommends it pass first reading. kk AYES NOES A&E EX Respectfully submitted, ENRIQUES X FORD X COMMITTEE ON FINANCE GREENWELL X HOFFMANN X IKEDA X NAEOLE X I1b • ONISHI X DENNIS "FRESH" ONISHI, CHAIR YOSHIMOTO X ADOPTED: U 2010