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HomeMy WebLinkAboutREP FC 061 2017/11/14 (2016-2018) • REPORT OF THE COMMITTEE ON FINANCE DATE: November 14, 2017 Re: Comm. No. 574/Res. No. 387-17 PLACE: Council Chambers Kailua-Kona, Hawai`i TIME: 12:10 p.m. Council Chair and Members Hawaii County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Resolution No. 387-17, reports as follows: Resolution No. 387-17, transmitted by Finance Director, Deanna S. Sako, via Communication No. 574 dated October 26, 2017, authorizes the payment of funds of a later fiscal year and of more than one fiscal year for a multi-year lease for one single drum vibratory roller. This resolution authorizes the Mayor to enter into a five-year lease agreement at an estimated monthly cost of$2,900. The equipment would be used by the Department of Public Works, Highways Division. The County will own the equipment at the end of the lease. • There was no discussion on this measure. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 387-17, and recommends its adoption. drnin AYES NOES ABS EX Respectfully submitted, CHUNG X DAVID x COMMITTEE ON FINANCE EOFF X KANUHA X 'r LEE LOY X O'HARA X ►� POINDEXTER x MAILE D' VID, CH RICHARDS X FC REPORT NO.: 61 RUGGLES x ADOPTED: DEC 0 5 2017