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HomeMy WebLinkAboutREP FC 516 06/06/1988 1984-1988 i II l • REPORT OF THE 0 COMMITTEE ON FINANCE Date: June 6 , 1988 Place : Councilroom Time: 10 :00 a .m. Chairman and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance , to which was referred Bill 573 , reports as follows: Bill 573 proposes to amend Ordinance 87-59, the Capital Improvement Budget for Fiscal Year 1987-88, by increasing the appropriation for the Kahaluu Beach Park project in the amount of $21,182. Your Committee on Finance has been apprised of the fact that the bids for the Kahaluu Beach Park improvements were higher than expected . The low bid for the project was $120 ,592. A total of 99 ,410 is presently available for the project, which includes 10 ,567 from the Community Development Block Grant funds . There is an additional need for $21,182 to award the contract . ' Your committee is aware that funding for the increased appropriation would come from the 198.0-A bond proceeds . Your Committee on Finance is in accord with the intent and purpose of Bill 573 and recommends that ' t pass second and final reading. ilia, ILS01•.4......., FRANK DE LUZ III, CHAIRMAN - ' or . "---- II-. ).� LORRAI • R CHAKU-IN UYE, V. C. . L. K. DAHLBERG, BER IF �/�[-e�t,�Piit ,,r A.4..........ii_ :_ : � Wit, •' / • TA 4 ASHI De' INGO, ,,u R SSELL S . KOKUB N, MEMBER lb/ . 11. Eit -i i.. MER K. LAI, MEMB +' SPENCER K. SCHUTTE, MEMBER , A /KK \. FC REPORT No. 516 ADOPTED : JUN 1. 5 1988