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HomeMy WebLinkAboutREP FC 089 09/04/2013 (2012-2014) REPORT OF THE COMMITTEE ON FINANCE DATE: September 4, 2013 Re: Comm. No. 398/Bill No. 116 PLACE: Council Chambers Hilo, Hawai`i TIME: 10:54 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 116, reports as follows: Bill No. 116, transmitted by Finance Director Nancy Crawford, via Communication No. 398 dated August 15, 2013, amends Ordinance No. 13-66, as amended, relating to public improvements and financing thereof for the fiscal year July 1, 2013 to June 30, 2014. The amendment is as follows: PUBLIC WORKS Title 23 Projects - Federal (110.399.5399.51) $ 251,365 Funds for this appropriation increase shall be provided from: Title 23 Program Income - ARRA $ 251,365 The proposed bill adds the Public Works, Title 23 Projects - Federal ($251,365) to the Capital Budget. Funds for this project shall be provided from Title 23 Program Income - American Recovery and Reinvestment Act (ARRA) ($251,365). The Ane Keohokalole Project required HELCO to install an underground line extension to power the streetlights, as well as overhead lines to power the Keahuolu Interpretive Center. The County paid HELCO for the work with ARRA funds. This bill appropriates the refundable amount, which will be based on income generated by the line extension over a five-year period. There was no discussion on this measure. Pursuant to Section 10-6(d), Hawai`i County Charter, the Council may amend the Capital Budget for that year with a two-thirds vote. FC Report No. 89 FC-89 Page 2 September 4, 2013 Your Committee on Finance is in accord with the purpose and intent of Bill No. 116, 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 POINDEXTER x VALERIE T. POINDEXTER, CHAIR WILLE X FC REPORT NO.: 89 YOSHIMOTO X ADOPTED: SFP 1 A 2n13