HomeMy WebLinkAboutREP FC 240 07/31/2012 2010-2012 REPORT OF THE
COMMITTEE ON FINANCE
DATE: July 31, 2012 Re: Comm. No. 780/Bill No. 280
PLACE: Council Chambers
Hilo, Hawai`i
TIME: 11:25 a.m.
Council Chair and Members
Hawai`i County Council
Hilo, Hawai`i 96720
Your Committee on Finance, to which was referred Bill No. 280, reports as follows:
Bill No. 280, transmitted by Finance Director Nancy Crawford via Communication No. 780,
dated July 13, 2012, amends Ordinance No. 11-81, authorizing the Mayor to enter into an
intergovernmental agreement for a State Water Pollution Control Revolving Fund Loan (SRF)
for wastewater public improvement projects and authorizes the issuance of general obligation
bonds for the purpose of financing qualified Wastewater Public Improvements of the County of
Hawai`i.
The purpose of this measure is to increase Ordinance's stated maximum principal allowed for
SRF funding in order to match the maximum eligible loan amount based upon the awarded bid
price, which differs from the original estimates in the bond ordinance. These changes are
reflected in the Ordinance Title, Section 1, and in Exhibit A, which has been replaced with a new
exhibit labeled as Exhibit A, Draft 2.
Environmental Management Acting Wastewater Division Chief Lyle Hirota and Business
Manager Robin Bauman appeared before Your Committee. Ms. Bauman briefly explained the
acceptance of maximum State Revolving Fund amount and stated it is not an increase of project
cost. As requested by Chair Ford, Mr. Hirota briefly provided status on interceptor and
dewatering projects.
Some of Your Committee Members questioned the need to approve this resolution immediately
or later should the project cost increase. It was recommended by Ms. Bauman stated that
accessing these funds would only be used or occur after project is completed. Mr. Hirota
commented this project would take approximately one year, in two phases because of traffic
control.
Chair Ford stated that a representative from Environmental Management is not required to attend
the next Council meeting.
FC Report No. 240
FC-240 Page 2 July 31, 2012
Your Committee on Finance is in accord with the purpose and intent of Bill No. 280, and
recommends its passage on first reading.
dkr
AYES NOES A&E EX Respectfully submitted,
BLAS X
FORD x COMMITTEE ON FINANCE
HOFFMANN X
IKEDA X
ONISHI Xyc
PILAGO X
SMART x BRENDA FORD, CHAIR
YAGONG X FC REPORT NO. 240
YOSHIMOTO X ADOPTED: SEP 0 6 2012