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HomeMy WebLinkAboutREP FC 565 11/02/1988 1984-1988 411 REPORT OF THE • 10- 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 629 , reports as follows: Bill 629 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 Carvalho Park $25 ,000 (110-599-5592 .23-115 ) Funds for this project shall be provided from the Bond Fund Fund Balance . Your Committee on Finance has been informed that the reasons for the need of the funds are as follows : "Severe structural damage , due to ground termite infestation, has been found throughout the pavilion/kitchen structure located at Carvalho Park . In addition, ground settlement and possibly earthquake occurrences have caused cracks in the concrete floor and posts . Due to these damages , repair of the concrete floor, reinforcement of the concrete posts, and reconstruction of the pavilion and kitchen areas have been determined to be the most feasible solution. " Bill 629 was passed on first reading and referred back to Committee to allow the Committee the opportunity to consider the Carvalho Park proposal in conjunction with the recommendations accompanying the rest of the available fund balances . Your Committee is aware that the redesignation of the source of funds, along with the increased appropriation included in Bill 630 , will enable the department to proceed with the project . FC REPORT No. 565 OV 16 ADOPTED: 1988 . , . • • .i,,, FC-565 Page 2 November 2, 1988 Your Committee on Finance is in accord with the intent and purpose of Bill 629 and recommends that it pass second and final reading . \LALLAM— FRANK DE LUZ I CHAIRMAN q . 0 , , . 1 i'RJr AI ' _ R. AKU-INO ,YE, p .C. RUSSELL S. KOKUBU , MEM: R i R1k 4. S PAMELA F. CUSHNIE, MEMBER MERL' K. LA , MEMB. R r� �7 M4W TAK SHI DOMI GO, ME BER PENCER K. SCHUTTE, MEMBER LA/HAT