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HomeMy WebLinkAboutREP FC 071 2019/10/15 2018-2020 REPORT OF THE COMMITTEE ON FINANCE DATE: October 15, 2019 Re: Comm. No. 525/Res. No. 349-19 PLACE: Council Chambers Hilo, Hawaii TIME: 9:04 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 349-19, reports as follows: Resolution No. 349-19, transmitted by Finance Director Deanna Sako, via Communication No. 525 dated September 27, 2019, authorizes the payment of funds of a later fiscal year and of more than one fiscal year for a multi-year lease of a forklift for the Department Environmental Management. This resolution authorizes the Mayor to enter into a five-year lease agreement with an approximate monthly cost of$1,005. The County would own the equipment at the end of the lease. There was no discussion on this hatter. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 349-19, and recommends its adoption. dmm AYES NOES ABS EX Respectfully submitted, CHUNG X DAVID x COMMITTEE ON FINANCE EOFF X KANEALI`I-KLEINFELDER X KIERKIEWICZ X LEE LOY X POINDEXTER x MAILS MEDEIROS DAVID, CHAIR RICHARDS X FC REPORT NO.: 71 VILLEGAs X ADOPTED: NOVQold