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REPORT OF THE <br />COMMITTEE ON FINANCE <br />DATE: January 3, 2011 Re: Comm. No. 999 /Bill No. 322 <br />PLACE: Sheraton Keauhou Bay Resort & Spa <br />78 -128 `Ehukai Street (2008 -2010 ) <br />Kailua -Kona, HI <br />TIME: 11:26 a.m. <br />Council Chair and Members <br />Hawaii County Council <br />Hilo, Hawaii 96720 <br />Your Committee on Finance, to which was referred Bill No. 322, reports as follows: <br />Bill No. 322, transmitted by Director of Finance Nancy Crawford, via Communication No. 999, dated <br />October 29, 2010, amends Ordinance No. 10 -60, as amended, the Capital Budget, ending June 30, 2011 <br />by adding the following project: <br />PUBLIC WORKS: <br />Kapiolani Street Extension (Mohouli Street to Lanikaula Street) <br />(110.399.5395.79) [$600,000] $ 8,700,000 <br />Funds for this appropriation increase shall be provided from <br />General Obligation Bonds, Capital Projects Fund — <br />Fund Balance and /or Other Sources $ 8,700,000 <br />Public Works Director Warren Lee appeared before Your Committee and provided additional details on <br />the project. Despite the road project bringing economic development to Hilo it will also add such value <br />as having a, North and South Connector road from Kapi`olani on to Waianuenue Avenue to Kaowili <br />Street, bringing traffic from one side of Hilo to the other. The intersecting east and west streets in this <br />case, will help the public seek higher ground safely during a tsunami evacuation or natural disaster. <br />The following concerns and comments were stated by Your Committee: 1) lands abutting this project is <br />owned by the State of Hawaii There are plans to build student housing for UH -Hilo and County <br />potentially building this road solely at no shared expense to the State of Hawaii, 2) priorities of road <br />projects during times of budget constraints, 3) it was suggested to seek additional funding from State <br />legislators to share in cost. <br />Pursuant to Section 10 -6(d), Hawai`i County Charter, the Council may amend the Capital Budget for that <br />year with a two - thirds vote. <br />Your Committee on Finance is in accord with the purpose and intent of Bill No. 322, and recommends it <br />pass first reading. <br />dkr <br />Respectfully submitted, <br />COMMITTEE ON FINANCE <br />BRENDA FORD, AIR <br />FC REPORT NO. 3 <br />ADOPTED: .IAN 2 0 ?all <br />AYES <br />NOES <br />A &E <br />EX <br />BLAS <br />X <br />FORD <br />X <br />HOFFMANN <br />X <br />IKEDA <br />X <br />ONISHI <br />X <br />PILAGO <br />X <br />SMART <br />X <br />YAGONG <br />X <br />YOSHIMOTO <br />X <br />Respectfully submitted, <br />COMMITTEE ON FINANCE <br />BRENDA FORD, AIR <br />FC REPORT NO. 3 <br />ADOPTED: .IAN 2 0 ?all <br />