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HomeMy WebLinkAboutREP FC 071 2018/01/03 (2016-2018) REPORT OF THE COMMITTEE ON FINANCE DATE: January 3, 2018 Re: Comm. No. 659/Res. No. 452-18 PLACE: Council Chambers Hilo, Hawai`i TIME: 11:29 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Resolution No. 452-18, reports as follows: Resolution 452-18, transmitted by Finance Director Deanna S. Sako, via Communication No. 659 dated December 14, 2017, authorizes the payment of funds of a later fiscal year and of more than one fiscal year for a multi-year lease of one bucket truck for the Department of Public Works. This resolution authorizes the Mayor to enter into a five-year lease agreement at an estimated monthly cost of$2,617. The equipment would be used by the department's Traffic Division for streetlight installation and maintenance. 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. 452-18, and recommends its adoption. • dmm___ AYES NOES ABS EX Respectfully submitted, CHUNG X DAVID X COMMITTEE ON FINANCE EOFF X KANUHA X LEE LOY XAllOPP> OPP � O'HARA X POINDEXTER x MAILE DAVID, CHAIR RICHARDS X FC REPORT NO.: 71 RUGGLES X ADOPTED: JAN 2 4 2018