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HomeMy WebLinkAboutREP FC 079 2016/11/01 (2014-2016) REPORT OF THE COMMITTEE ON FINANCE DATE: November 1, 2016 Re: Comm. No. 1128/Res. 696-16 PLACE: Council Chambers Hilo, Hawai`i TIME: 4:55 p.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Resolution No. 696-16, reports as follows: Resolution 696-16, transmitted by Finance Director Deanna S. Sako, via Communication No. 1128 dated October 14, 2016, authorizes the payment of funds of a later fiscal year and of more than one fiscal year for a multi-year agreement for one tractor mower with a rear flail. This resolution authorizes a five-year lease agreement, which would alleviate equipment repair and parts cost spent on older equipment. The new tractor mower would be used by the Department of Public Works, Highways Division, for Kohala roads. There was no discussion on this matter. Pursuant to Section 10-11 of the Hawai`i County Charter, any contract, lease or other obligation requiring payment of funds from the appropriations of a later fiscal year or of more than one fiscal year shall be approved by resolution. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 696-16, and recommends its adoption. wb Avec NOES ABS EX Respectfully submitted, CHUNG X DAVID x COMMITTEE ON FINANCE EOFF X ILAGAN X KANUHA X (A4 ONISHI X (J- 'ht., PALEKA x KAREN EOFF, CHAIR POINDEXTER X FC REPORT NO.: 79 \VILLE xj ADOPTED: NOV 1 6 2016 -