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HomeMy WebLinkAboutREP FC 003 01/03/2011 2010-2012REPORT OF THE COMMITTEE ON FINANCE DATE: January 3, 2011 Re: Comm. No. 999 /Bill No. 322 PLACE: Sheraton Keauhou Bay Resort & Spa 78 -128 `Ehukai Street (2008 -2010 ) Kailua -Kona, HI TIME: 11:26 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 322, reports as follows: Bill No. 322, transmitted by Director of Finance Nancy Crawford, via Communication No. 999, dated October 29, 2010, amends Ordinance No. 10 -60, as amended, the Capital Budget, ending June 30, 2011 by adding the following project: PUBLIC WORKS: Kapiolani Street Extension (Mohouli Street to Lanikaula Street) (110.399.5395.79) [$600,000] $ 8,700,000 Funds for this appropriation increase shall be provided from General Obligation Bonds, Capital Projects Fund — Fund Balance and /or Other Sources $ 8,700,000 Public Works Director Warren Lee appeared before Your Committee and provided additional details on the project. Despite the road project bringing economic development to Hilo it will also add such value as having a, North and South Connector road from Kapi`olani on to Waianuenue Avenue to Kaowili Street, bringing traffic from one side of Hilo to the other. The intersecting east and west streets in this case, will help the public seek higher ground safely during a tsunami evacuation or natural disaster. The following concerns and comments were stated by Your Committee: 1) lands abutting this project is owned by the State of Hawaii There are plans to build student housing for UH -Hilo and County potentially building this road solely at no shared expense to the State of Hawaii, 2) priorities of road projects during times of budget constraints, 3) it was suggested to seek additional funding from State legislators to share in cost. 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. Your Committee on Finance is in accord with the purpose and intent of Bill No. 322, and recommends it pass first reading. dkr Respectfully submitted, COMMITTEE ON FINANCE BRENDA FORD, AIR FC REPORT NO. 3 ADOPTED: .IAN 2 0 ?all AYES NOES A &E EX BLAS X FORD X HOFFMANN X IKEDA X ONISHI X PILAGO X SMART X YAGONG X YOSHIMOTO X Respectfully submitted, COMMITTEE ON FINANCE BRENDA FORD, AIR FC REPORT NO. 3 ADOPTED: .IAN 2 0 ?all