HomeMy WebLinkAboutREP FC 262 09/18/2012 2010-2012 REPORT OF THE
COMMITTEE ON FINANCE
DATE: September 18, 2012 Re: Comm. No. 844/Bill No. 307
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. 307, reports as follows:
Bill No. 307, transmitted by Council Member Brenda Ford via Communication No. 844, dated
September 11, 2012, authorizes the issuance of general obligation bonds of the County of Hawai`i for
the purpose of funding all or a portion of the costs of various public improvements projects; fixing
the form, denominations, and certain other details of such bonds and providing for their sale to the
public; and authorizing the taking of other actions relating to the issuance and sale of the bonds.
Chair Brenda Ford relinquished the chair to Vice-Chair Dominic Yagong, and he assumed chair of
the Finance Committee.
The proposed bill authorizes for the issuance and sale, in one or more series, Bonds of the County, in
an aggregate principal amount not to exceed $16,830,000, for the purpose of funding all or a portion
of the costs (including costs of issuance of the Bonds), for the South Kona(Captain Cook) Police
Station project.
Ms. Ford commented it was during former Mayor Harry Kim's term that the land was acquired to
build the new South Kona(Captain Cook) Police Station. Senator Josh Green and Representative
Denny Coffmann were informed and support this proposed bill. She stated further that this will not
solve the current crime sprees which South Kona is currently experiencing, but will serve as a long-
term solution for South Kona.
Ms. Ford seeks the support from Council Members. She stated that there are police stations in every
district except South Kona.
Your Committee on Finance is in accord with the purpose and intent of Bill No. 307, 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. 262
YOSHIMOTO X ADOPTED: OCT 0 3 2012