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HomeMy WebLinkAboutREP FC 153 2018/11/19 (2016-2018) REPORT OF THE COMMITTEE ON FINANCE DATE: November 19, 2018 Re: Comm. No. 1163/Res. No. 752-18 PLACE: Council Chambers Kailua-Kona, Hawai`i TIME: 10:35 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Resolution No. 752-18, reports as follows: Resolution No. 752-18, transmitted by Finance Director Deanna S. Sako, via Communication No. 1163 dated October 30, 2018, authorizes the payment of funds of a later fiscal year and of more than one fiscal year for a multi-year lease for one compact track loader with an auger drill hydraulic hammer attachment. This resolution authorizes the Mayor to enter into a five-year lease agreement for the equipment for the Parks and Recreation, Parks Maintenance Division, at an approximate cost of$1,477 per month. The County will own the loader at the end of the lease. There was no discussion on this matter. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 752-18, and recommends its adoption. dmm AYES NOES ABS EX Respectfully submitted, CHUNG X DAVID x COMMITTEE ON FINANCE EOFF X KANUHA �/ ed - LEE LOY X O'HARA X / `I � POINDEXTER x MAILE DAVID, CHAIR RICHARDS X FC REPORT NO.: 153 RUGGLES X ADOPTED: DEC 1 9 2018