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Home My WebLink AboutREP FC 252 01/01/1950 1998-2000 REPORT OF THE COMMITTEE ON FINANCE DATE: Apri14, 2000 Re: Comm. No. 719/Bill No. 236 PLACE: Council Chambers TIME: 10:35 A.M. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 236, reports as follows: Bill No. 236, transmitted by Mayor Stephen K. Yamashiro, via Communication No. 719, dated March 22, 2000, amends Ordinance No. 99-41, relating to the issuance of general obligation bonds for the purpose of financing various public improvements for the County of Hawaii. Ordinance No. 99-41 authorized the County of Hawaii to issue and sell general obligation bonds in the amount of $30,000,000. Section 14 of the ordinance consisted of a list of public improvement projects to be funded. The purpose of this bill is to add to the following projects: A) Puainako Extension $3,000,000 B) Microwave Relocation & System Renovation $8,000,000 C) Upper Waiakea Stream Flood Control Improvements $ 900,000 D) Edith Kanakaole Tennis Stadium Improvements $ 200,000 Furthermore, in Section 14 the project identified as ADA Compliance in the amount of $4,000,000 is redirected as follows: A) The Department of Parks and Recreation -ADA Compliance, at an estimated cost of $2,000,000; and B) The Department of Public Works -ADA Compliance, at an estimated cost of $2,000,000. Pursuant to Section 47-5, Hawaii Revised Statutes, by an affirmative vote oftwo-thirds of its members, the County Council may apply proceeds to such other public improvement projects as it deems appropriate. Recognizing the need to adjust the total bond amount your Committee deleted the following projects: 1) Kaumana Drive Improvements $ 800,000 2) Waianuenue Drive Rd & Bikeway Imprv $2,000,000 3) Edith Kanakaole Tennis Stadium Improvements $ 200,000 4) Microwave Relocation & System Renovation $8,000,000 Your Committee also amended Bill No. 236 by deleting the entire Purpose Section as it included reference to projects not included within this Bill. FC REPORT NO. 252 1 ~ zoo0 Your Committee on Finance is in accord with the purpose and intent of Bill No. 236, as amended to Draft 2, and recommends it pass first reading. smc APES NOES A&E EX Respectfully submitted CHUNG X ELARIONOFF X COMMITTEE ON FINANCE JACOBSON X LEITHEAD-TODD X PISICCHIO X SMITH X TYLER X AARON S.Y. CHUNG, CHAIR YAGONG X FC REPORT NO. 252 ARAKAKI, E.O.M. X ADOPTED: