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HomeMy WebLinkAboutREP FC 334 02/12/1991 --° REPORT OF THE COMMITTEE ON FINANCE Date: February 12, 1991 Re: Comm. 2276 Place: Councilroom Time: 10 : 00 a .m. Chairman and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 284-91, reports as follows : The purpose of Resolution No. 284-91 is to inform the County that $12 . 06 million in Federal and State funds will be made available to construct the Alenaio Stream Flood Control project and advise the County' s responsibility, per the Memorandum of Agreement (MOA) with the U.S. Army Engineer District, Honolulu, will be to coordinate the project; to provide the lands, easements, rights-of-way and dredged material disposal areas required for the project; and perform all related necessary relocations . Your Committee understands most recent cost projections are within the $12 . 06 million authorization and $7 . 73 million in Federal funds and $4 . 1 million in State funds have been authorized for the project with a local agency (County) share of $227,000 . However, your Committee was also informed $486, 000 of the $4 . 1 million State allotment is for acquisition of land parcels impacted by the project within the Wailoa River State Recreational Park. Furthermore, your Committee understands the County will apply for an Executive Order requesting subject land parcel be turned over to the County at no cost . Therefore, that portion of the funds may available for use to cover inflation survey cost increases, County of Hawaii "in-house" labor costs, increased costs for revisions to the County plan, etc. Therefore, your Committee was told no County funding is presently needed for the project, based on a verbal commitment by the State to relinquish said real property. Your Committee was also informed (MOA) is an agreement between the County and the Corps of Engineers for project design only and until the Legal Cooperative Agreement (LCA) is issued and signed, the County is not committed to the project . FC REPORT NO. 334 ADOPTED: FEB 2 0 1991 0 FC- 334 Page 2 February 12, 1991 Your Committee on Finance concurs with the intent of Resolution No. 284-91 and recommends its adoption. HELENE H. HALE, CHAIRWOMAN 0 ( ) Addigir, ROBERT H. MAKUAKANE, VICE CHR. BRIAN J. DE MA, MEMBER ql,( 4114 • i TAKA I DOMIN O, MEM R MERL / K. LAI, ME BER ' HARRY S. UDDLE, MEMBER SPECER K. SCHUTTE, MEMBER POL