HomeMy WebLinkAboutREP FC 051 2016/02/16 (2014-2016) REPORT OF THE
COMMITTEE ON FINANCE
DATE: February 16, 2016 Re: Comm. No. 663/Bill No. 139
PLACE: Council Chambers
Kona, Hawai`i
TIME: 10:00 a.m.
Council Chair and Members
Hawai`i County Council
Hilo, Hawai`i 96720
Your Committee on Finance,to which was referred Bill No. 139, reports as follows:
Bill No. 139,transmitted by Deanna S. Sako,via Communication No. 663 dated January 28, 2016,
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 Environmental Management Kealakehe Scrap Metal Yard Remediation—State
Revolving Funds (SRF)project for$6 million to the Capital Budget. Funds for this project shall be
provided from SRF ($6 million). Funds would be used to excavate lead impacted soil and transport it to
the West Hawai`i Sanitary Landfill for final disposal. This request allows the County to take advantage
of the lower interest rates provided by the SRF Loan Program.
Solid Waste Division Chief Greg Goodale came forward for questions and comments. Mr. Goodale
explained that this scrap metal facility closed in 2013,which site was used for many years to process
vehicles and scrap metal. He further explained that lead got into the soil due to a fire many years ago,
and to remediate SRF funding was secured at a 1% interest rate to allow the County to pay for it through
the State funding. Mr. Goodale then stated that the County is not anticipating opening another scrap
metal site,and the County should not be running a scrap metal business.
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. 139, and recommends
its passage on first reading.
wb
AYES NOES ABS EX Respectfully submitted,
CHUNG X
DAVID x COMMITTEE ON FINANCE
EOFF X
ILAGAN X
KANUHA X
ONISHI X -.
PALEKA X
KAREN EOFF, CH1A R
POINDEXTER x FC REPORT NO.: 51
WILLE X ADOPTED: MAR 0 2 2016