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Home My WebLink AboutREP FC 103 09/07/2011 2010-2012 REPORT OF THE COMMITTEE ON FINANCE DATE: September 7, 2011 Re: Comm. No. 326/Res. 129-11 PLACE: Council Chambers Hilo, Hawai rri TIME: 2:34 p.m. Council Chair and Members Hawaii County Council ". Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Resolution 129-11, reports as fo lws: 3 Resolution 129-11, transmitted by Council Member Pete Hoffmann via Communication No. 326, dated August 18, 2011, authorizes the Director of Finance To Compromise Real Property Taxes Owed by Mania Christian Ohana on a Parcel Identified as TMK: (3)6-7-002-065. Mr. Hoffmann stated the purpose of this proposed resolution is authorizing the Director of Finance to compromise the sum of$5,520.61, being the amount of taxes scheduled to be paid in February 2012 on the parcel identified as TMK: (3)6-7-002-065 less the minimum tax of$50.00 that would be due if the exemption were properly filed. This is in accordance with Section 19- 3(12), Hawaii County Code. Department of Finance Deputy Director Deanna Sako appeared before Your Committee. Ms. Sako commented that any compromise of any earlier and/or upcoming payments over$500 would have to be included in the proposed resolution such as this one to be approved by the council. Ms. Sako stated that compromises are rare and the last known to have been approved by council was in 2005. Some Committee members express concern that this is setting a precedent for other non-profits and others seeking similar relief especially during this time of economic crisis. It was further clarified during discussion that this land parcel was purchased from one non-profit to another and such extenuating circumstances should be considered for forgiveness. Your Committee on Finance is in accord with the purpose and intent of Resolution 129-11, and recommends its adoption. 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. 103 YOSHIMOTO X ADOPTED: SEP 21 2011