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HomeMy WebLinkAboutREP FC 047 2016/01/05 (2014-2016) REPORT OF THE COMMITTEE ON FINANCE DATE: January 5, 2016 Re: Comm. No. 603/Bill No. 125 PLACE: Council Chambers Hilo, Hawai`i TIME: 2:15 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 125, reports as follows: Bill No. 125,transmitted by Council Member Valerie T. Poindexter, via Communication No. 603 dated December 15, 2015, amends Ordinance No. 15-58, as amended, relating to public improvements and financing thereof for the fiscal year July 1, 2015 to June 30, 2016. This measure adds the Parks and Recreation, Honomu Park New Playground Equipment—County project for $500,000 to the Capital Budget. Funds for this project shall be provided from General Obligation Bonds, Capital Projects Fund—Fund Balance and/or Other Sources ($500,000). Funds would be used for the construction of new playground equipment at Honomu Park. Council Member Valerie Poindexter explained that she needs to put this project on capital improvement budget, then clarified that this is an existing park in need of repair, and that it does not meet current safety standards. The vote was taken on the motion to approve, with six ayes. Council Members Aaron Chung, Dru Kanuha, and Daniel Paleka were absent and excused. Pursuant to Article X, Section 10-6(e) of the Hawai'i County Charter, the Council, by ordinance adopted by affirmative vote of at least two-thirds of the entire membership, may amend the capital budget for that year. Your Committee on Finance is in accord with the purpose and intent of Bill No. 125, and recommends its passage on first reading. wb AYES NOES ABS EX Respectfully submitted, CHUNG X X DAVID x COMMITTEE ON FINANCE EOFF X ILAGAN X KANUHA X ONISHI X PALEKA x KAREN EOFF, CH IR POINDEXTER X FC REPORT NO.: 47 WILLE x ADOPTED: JAN 2 2 2016