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• <br /> REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: November 14, 2017 Re: Comm. No. 574/Res. No. 387-17 <br /> PLACE: Council Chambers <br /> Kailua-Kona, Hawai`i <br /> TIME: 12:10 p.m. <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawai`i 96720 <br /> Your Committee on Finance, to which was referred Resolution No. 387-17, reports as follows: <br /> Resolution No. 387-17, transmitted by Finance Director, Deanna S. Sako, via Communication No. 574 <br /> dated October 26, 2017, authorizes the payment of funds of a later fiscal year and of more than one <br /> fiscal year for a multi-year lease for one single drum vibratory roller. <br /> This resolution authorizes the Mayor to enter into a five-year lease agreement at an estimated monthly <br /> cost of$2,900. The equipment would be used by the Department of Public Works, Highways Division. <br /> The County will own the equipment at the end of the lease. <br /> • <br /> There was no discussion on this measure. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 387-17, and <br /> recommends its adoption. <br /> drnin <br /> AYES NOES ABS EX Respectfully submitted, <br /> CHUNG X <br /> DAVID x COMMITTEE ON FINANCE <br /> EOFF X <br /> KANUHA X 'r <br /> LEE LOY X <br /> O'HARA X ►� <br /> POINDEXTER x MAILE D' VID, CH <br /> RICHARDS X FC REPORT NO.: 61 <br /> RUGGLES x ADOPTED: DEC 0 5 2017 <br />