HomeMy WebLinkAboutREP FC 091 08/02/2011 2010-2012 REPORT OF THE
COMMITTEE ON FINANCE
DATE: August 2, 2011 Re: Comm. No. 283/Bill 77
PLACE: Council Chambers
Hilo, Hawai`i
TIME: 2:17 p.m.
Council Chair and Members
Hawai`i County Council
Hilo, Hawai`i 96720
Your Committee on Finance, to which was referred Bill 77, reports as follows:
Bill 77, transmitted by Finance Director Nancy Crawford via Communication 283 dated July 21,
2011, a bill for an ordinance authorizing the Mayor to enter into an intergovernmental agreement
for a State Water Pollution Control Revolving Fund Loan (SRF) of$9,200.000 for the purpose of
financing these wastewater improvement projects. These projects:1) Kalaniana`ole Interceptor
Sewer Rehabilitation Phase II: $8,000,000; 2) Kula`imano and Papa'ikou Dewatering:
$1,200,000 are scheduled to start in the first quarter of FY 11-12 and are included in the
proposed FY 11 — 12 Capital Improvement Program Budget.
Acting Director of Environmental Management Dora Beck and Director of Finance Nancy
Crawford appeared before Your Committee. Ms. Beck provided members an explanation of
repairs, and expediting them with the least possible impact to traffic and community.
Furthermore, a public meeting will be scheduled to inform the community of these wastewater
improvement projects before they begin. Ms. Beck will contact Mr. Onishi's office to assist with
coordinating the effort. Ms. Crawford commented that this is a desirable loan arrangement at
V2 percent interest and taking the opportunity is ideal when funds are available for these projects.
Your Committee on Finance is in accord with the purpose and intent of Bill 77, and recommends
it pass first reading.
dkr
AYES NOES A&E EX Respectfully submitted,
BLAS X
FORD X COMMITTEE ON FINANCE
HOFFMANN X
IKEDA X
ONISHI X
PILAGO X
SMART X BRENDA FORD, CHAIR
YAGONG X FC REPORT NO. 91
YOSHIMOTO x ADOPTED: AUG 17201