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HomeMy WebLinkAboutREP FC 062 04/30/2013 (2012-2014) REPORT OF THE COMMITTEE ON FINANCE DATE: April 30, 2013 Re: Comm. No. 247/Bill No. 65 PLACE: Council Chambers Kona, Hawai`i TIME: 1:00 p.m. Council Chair and Members Hawai`i County Council Kona, Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 65, reports as follows: Bill No. 65, transmitted jointly with Resolution No. 105-13, by Finance Director Nancy Crawford via Communication No. 247, dated April 12, 2013, amends Chapter 19, Article 10, Section 19-53(j), of the Hawai`i County Code 1983 (2005 Edition, as amended), relating to breach of affordable rental housing class. The purpose of this measure is to replace the two-year plus current year rollback penalty with a rollback penalty to the date of reclassification, but no more than the current year. There was no discussion on this measure. Your Committee on Finance is in accord with the purpose and intent of Bill No. 65, and recommends its passage on first reading. Sc AYES NOES A&E EX Respectfully submitted, EOFF X FORD X COMMITTEE ON FINANCE ILAGAN X KANUHA X KERN X ONISHI X ,/ .C5C�' POINDEXTER X VALERIE T. POINDEXTER, CHAIR WILLE X FC REPORT NO.: 62 YOSHIMOTO X ADOPTED: MAY 1 5 2013