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HomeMy WebLinkAboutREP FC 082 08/20/2013 (2012-2014)REPORT OF THE COMMITTEE ON FINANCE DATE: August 20, 2013 Re: Comm. No. 371 /Res. No. 157 -13 PLACE: Council Chambers Kona, Hawaii TIME: 9:10 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 157 -13, reports as follows: Resolution No. 157 -13, transmitted by Finance Director Nancy Crawford, via Communication No. 371 dated July 31, 2013, accepts the negotiated lease agreement for Hamakua lands identified as Tax Map Key (3)4 -3- 007 -001 with Abba's Garden LLC, pursuant to Section 2 -114 of the Hawaii County Code. The parcel consists of 92 acres, and will be leased for a term of 10 years at $10,585.41 per year, with an option of two additional 10 year terms. There was no discussion on this measure. Pursuant to Section 2- 114(d), Hawaii County Code, the Council may require in the initial resolution that the negotiated agreement be accepted by the Council; also, pursuant to Section 10 -10, Hawaii County Code, any contract or lease or other obligation requiring payment of funds from the appropriation of a later fiscal year must be approved by resolution. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 157 -13, and recommends its adoption. sc Respectfully submitted, COMMITTEE ON FINANCE VALERIE T. POINDEXTER, CHAIR FC REPORT NO.: 82 ADOPTED: SEP n 5 2013 AYES NOES A &E EX EOFF X FORD X ILAGAN X KANUHA X KERN X ONISHI X POINDEXTER X WILLE X YOSHIMOTO X Respectfully submitted, COMMITTEE ON FINANCE VALERIE T. POINDEXTER, CHAIR FC REPORT NO.: 82 ADOPTED: SEP n 5 2013