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HomeMy WebLinkAboutREP FC 053 2016/03/01 (2014-2016) REPORT OF THE COMMITTEE ON FINANCE DATE: March 1, 2016 Re: Comm. No. 684/Res. No. 406-16 PLACE: Council Chambers Hilo, Hawai`i TIME: 2:25 p.m. Council Chair and Members Hawai`i County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 406-16, reports as follows: Resolution No. 406-16, transmitted by Finance Director Deanna S. Sako, via Comm. No. 684 dated February 11, 2016, authorizes the payment of funds of a later fiscal year and of more than one fiscal year for a multi-year lease of one (1) track-wheel excavator for the Department of Environmental Management. This Resolution authorizes the Mayor to enter into a five-year lease agreement for a track-wheel excavator at an approximate cost of$4,450 per month. The County will own the equipment at the end of the lease. Solid Waste Division Chief Greg Goodale came forward and stated that this brand new equipment will be shared island wide and is not for a specific baseyard. In response to inquiry from Council Member Danny Paleka, Mr. Goodale replied that the excavator will be the size of a Hitachi 400 or 450 or Caterpillar 400 or 450 EX, big enough to move dirt, green waste and mulch and be able to excavate with a bucket large enough to move material. He then stated that it has not yet been put out for bid. The vote was taken on the motion to approve and passed with nine ayes. Pursuant to Section 10-11 of the Hawai`i County Charter, any contract, lease or other obligation requiring the payment of funds from the appropriations of a later fiscal year or of more than one fiscal year shall be made or approved by resolution. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 406-16, and recommends its adoption. wb AYES NOES ABS EX Respectfully submitted, CHUNG X DAVID x COMMITTEE ON FINANCE EOFF X ILAGAN X KANUHA X ONISHI X c , 3 (0- PALEKA x KAREN EOFF, CTAIR POINDEXTER x FC REPORT NO.: 53 WILLE x ADOPTED: MAR 16 2016