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HomeMy WebLinkAboutREP FC 056 2016/03/01 (2014-2016) REPORT OF THE COMMITTEE ON FINANCE DATE: March 1, 2016 Re: Comm. No. 692/Bill No. 149 PLACE: Council Chambers Hilo, Hawai`i TIME: 2:00 p.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 149, reports as follows: Bill No. 149, transmitted by Council Member Valerie T. Poindexter, via Communication No. 692, dated February 10, 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 bill adds the Parks and Recreation Honoka`a Track and Field and Stadium Improvements project for $1.5 million to the Capital Budget. Funds for this project shall be provided from General Obligation Bonds, Capital Projects Fund—Fund Balance and/or Other Sources. Funds would be used for a new track and field, stadium, and appurtenant improvements at Honoka`a Park. There was no discussion on this measure then the vote was taken on the motion to approve and passed with nine ayes. Pursuant to Section 10-6(e) of the Hawai`i County Charter, the Council, by ordinance adopted by the 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. 149, 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 Af ONISHI X PALEKA x KAREN EOFF, CHAIR POINDEXTER x FC REPORT NO.: 56 WILLE x ADOPTED: MAR 1 6 2016