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HomeMy WebLinkAboutREP FC 102 2013/10/15 (2012-2014) REPORT OF THE COMMITTEE ON FINANCE DATE: October 15, 2013 Re: Comm. No. 452/Bill No. 137 PLACE: Council Chambers Kona, Hawai`i TIME: 9:04 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 137, reports as follows: Bill No. 137, transmitted by Finance Director Nancy Crawford, via Communication No. 452 dated September 26, 2013, amends Chapter 12, Article 2, of the Hawai`i County Code 1983 (2005 Edition, as amended), relating to the proceedings for the formation of improvement districts. The bill clarifies the procedures for and usage of the combined hearing process as it relates to the final details of plans and specifications to be prepared after the hearings. It also adds a ten percent cost overrun threshold to clarify materially significant costs that would trigger a second public hearing. Proposed amendments were transmitted via Communication No. 452.1 by Council Member Karen Eoff, dated October 9, 2013. The amendments were approved with eight ayes and one no. Finance Director Nancy Crawford and Treasurer Mike Okamoto appeared before Your Committee for questions. They informed the Council that Bill No. 137 will help clarify any ambiguity in the Hawai`i County Code, Chapter 12, Article 2, relating to the proceedings regarding improvement districts. Director Crawford stated that the changes will assist with the ability to have a single hearing and save processing time and delays. The provisions provide that will be no need for a second hearing, so long as there are no significant changes, and that all information is deemed as final at first hearing. Furthermore, Treasurer Okamoto included that if there was a cost overrun of ten percent, over their estimate, a second hearing would not be necessary. Your Committee on Finance is in accord with the purpose and intent of Bill No. 137, as amended to Draft 2, and recommends its adoption. 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.: 102 YOSHIMOTO X ADOPTED: NOV 0 6 2013