HomeMy WebLinkAboutREP FC 567 11/02/1988 1984-1988 411 REPORT OF THE !II
COMMITTEE ON FINANCE
Date: November 2, 1988 Re: Comm. 1786
Place : Councilroom
Time: 2: 00 p.m .
Chairman and Members
Hawaii County Council
Hilo, Hawaii 96720
Your Committee on Finance, to which was recommitted Bill 631,
reports as follows:
Bill 631 proposes to amend Ordinance 88-81, the Capital Improvement
Budget for Fiscal Year 1988-89 , by redesignating the source of funds
for the following project :
Department of Parks and Recreation
Hilo Armory $20 ,000
(110-599-5592 .09-115 )
Funds for this project shall be provided from the Bond Fund Fund
Balance .
Your Committee is aware of the justification for these funds which
is as follows: "CDBG funds of $225 ,000 were approved for roof
repair/replacement . A condition of the grant stipulated that these
funds could only be used to cover 91% of the anticipated costs ,
inasmuch as only 91% of the uses within the building qualified for
grant funds . The requested $20 ,000 would be used to fund
improvements covering the remaining 9% of the building. "
Bill 631 was passed on first reading and referred back to Committee
to allow the Committee the opportunity to consider the Hilo Armory
proposal in conjunction with the recommendations accompanying the
rest of the available fund balances .
Council Chairman Stephen Yamashiro requested that a letter from the
Housing and Community Development Agency be forwarded to the Council
certifying that federal funds cannot be used for the County matching
portion . He has requested that the federal statutes be cited.
FC REPORT N0, 567
ADOPTED : NOV f 6 1980
411
FC-567 Page 2 November 2, 1988
Your Committee on Finance is in accord with the intent and purpose
of Bill 631 and recommends that it pass second and final reading .
\ t,4
lU•AAA
FRANK DE LUZ III, CHAIRMAN
/
LORRA E R� CHAKU-I UYE V.C. 'ELL S. KOKUBUN, MEMBE`
i
0,T{Vtittkk. - 4(54‘,
kijfeb 111, •
PAMELA F. CUSHNIE, MEMBER MERT K. LAI, MEMBE'\
a/t44,41 , 5p
TA ASHI DOM NGO, M:MBER SPENCER K. SCHUTTE, MEMBER
LA/HAT