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HomeMy WebLinkAboutREP FC 343 10/03/2000 1998-2000 REPORT OF THE COMMITTEE ON FINANCE DATE: October 3, 2000 Re: Comm. No. 935Bi11 No. 327 PLACE: Council Chambers TIME: 11:00 A.M. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 327, reports as follows: Bill No. 327, transmitted by Director of Finance Dixie Kaetsu, via Communication No. 935, dated September 15, 2000, amends Ordinance No. 00-64, as amended, the Capital Budget ending June 30, 2001, by adding the following project: PUBLIC WORKS: Lanikaula/Manono Traffic Signals -Federal 110-399-5391.30-115 $2,200,000 Funds for this appropriation increase shall be provided from federal grants receivable. Additional funds will be used to cover construction costs, including the installation of a new traffic signal system, construction of additional turning lanes, concrete sidewalks, and drainage facilities. The original appropriation covered design, utility, and right-of way costs. This project is 100% federally funded. The original appropriation of $560,000 is being increased by $2,200,000 to total $2,765,000. Your Committee on Finance is in accord with the purpose and intent of Bill No. 327 and recommends it pass first reading. smc eves NOES a&e ex Respectfully submitted CHUNG X ELARIONOFF x COMMITTEE ON FINANCE JACOBSON X LEITHEAD-TODD X Flslccxlo x C~ SMITH X TvLER x AARON S.Y'. CHUNG, CHAIR vACONC X FC REPORT NO. 343 ARA KAKI, E.O.M. X ADOPTED: (X;T L$ 7000