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HomeMy WebLinkAboutREP FC 381 07/06/1987 1984-1988 ey • REPORT OF THE • COMMITTEE ON FINANCE Date: July 6 , 1987 Re : 'Comm. 1171 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 387 , reports as follows: The purpose of Bill 387 is to amend Ordinance No . 482 , as amended, relating to General Obligation Bonds by including the public improvements authorized by Ordinance 86-64 , as amended ; the Capital Budget Ordinance for the fiscal year ending June 30 , 1987 and the public improvements authorized by Ordinance 87-59 , as amended; the Capital Budget Ordinance for the fiscal year ending June 30 , 1988 for allotments from the proceeds of the bond sale . Ordinance 482, adopted on October 17 , 1979 , has also been amended by the following ordinances : Ordinance 511 adopted December 19 , 1979 Ordinance 550 adopted March 5 , 1980 Ordinance 562 adopted April 30 , 1980 Ordinance 631 adopted September 29 , 1980 Ordinance 830 adopted November 17, 1982 Ordinance 900 adopted June 22, 1983 Ordinance 84-26 adopted June 13 , 1984 Ordinance 84-49 adopted August 22, 1984. This amendment will allow the Department of Public Works to proceed with the funding of the Hilo Ocean Outfall Extension. Your committee is aware of the urgency in completing this project . Although the primary intent is to fund the Hilo Ocean Outfall Extension project , other projects incorporated in Ordinances 86-64 , as amended, and 87-59 , as amended, will also qualify for allotments . FC REPORT No . 381 ADOPTED : JUL 2 2 1987 • • FC- 381 Page 2 July 6 , 1987 Your Committee on Finance is in accord with the intent and purpose of Bill 387 and recommends that it pass first reading. FRANK DE LUZ III , CHAIRMAN IV/ �. LORRA E INICITCHAKU NOUY , V.C. JA L. K. DAHLBERG, MEMBER 46 All A i TAKASHI DOMINGO, MEM•' 'R RUSSELL S. KOKUBUN, MEMBER MERLE . LAI, MEMBER SPENCER K. SCHUTTE, MEMBER LA/HAT