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HomeMy WebLinkAboutREP FC 252 09/18/2012 2010-2012 REPORT OF THE COMMITTEE ON FINANCE DATE: September 18, 2012 Re: Comm. No. 828/Bill No. 296 PLACE: Council Chambers Kailua-Kona, Hawai`i TIME: 4:22 p.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 296, reports as follows: Bill No. 296, transmitted by Council Member Brittany Smart via Communication No. 828, dated August 28, 2012, amends Ordinance No. 12-87, as amended, relating to public improvements and financing thereof for the Fiscal Year July 1, 2012 to June 30, 2013, by adding the following project: PUBLIC WORKS: Green Sands Subdivision Water Infrastructure Improvements $ 1,500,000 (110.499.5498.03) Funds for this project shall be provided from: General Obligation Bonds, Capital Projects Fund- $ 1,500,000 Fund Balance and/or other Sources (Grants) Ms. Smart commented that this project will utilize help from the Air National Guard training program, and stated further that this is a true partnership with all who is involved. This project has received continued support by the Department of Water Supply and Ocean View residents. This project will bring water to the residents of this remote community, along the Ka`ula`ula Road from Highway 11. Pursuant to Section 10-6(d), Hawai`i County Charter, the Council may amend the Capital Budget for this fiscal year by a two-thirds vote. Your Committee on Finance is in accord with the purpose and intent of Bill No. 296, 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 X PILAGO X SMART X BRENDA FORD, CHAIR YAGONG X FC REPORT NO. 252 YOSHIMOTO X ADOPTED: OCT 0 3 2012