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HomeMy WebLinkAboutREP FC 114 2020/03/10 2018-2020 REPORT OF THE COMMITTEE ON FINANCE DATE: March 10, 2020 Re: Comm.No. 792/Bill No. 148 PLACE: Council Chambers Hilo, Hawai`i TIME: 9:00 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance,to which was referred Bill 148, reports as follows: Bill No. 148,transmitted by Finance Director Deanna Sako, via Communication No. 792 dated February 21, 2020, amends Ordinance No. 19-74, as amended, relating to publicimprovements and financing thereof for the Fiscal Year July 1, 2019 to June 30, 2020. This bill adds the Public Works Mamalahoa Highway Resurfacing- Hohola to Kekehau project for $3 million to the Capital Budget. Funds for this project shall be provided from General Obligation Bonds, Capital Projects Fund—Fund Balance and/or Other Sources. A motion to move Bill No.148 to Council with a positive recommendation was made by Council Member Poindexter, seconded by Council Member Richards. Council Members Richards and Poindexter discussed the intent for the appropriation of$3 million toward the resurfacing of the specific section of Mamalahoa Highway wherein a current road widening project is underway and funding necessary to complete project properly for the betterment of the residents of Hawaii County. Your Committee on Finance is in accord with the purpose and intent of Bill 148, and recommends its passage on first reading. db AYES NOES ABS EX Respectfully submitted, CHUNG X DAVID X COMMITTEE ON FINANCE EOFF X KANEALI`I-KLEINFELDER X =wIcz XJr40 X POINDEXTER X MAILE MEDE ROS Y D, CHAIR RICHARDS X FC REPORT NO.: 114 VILLEGAS X ADOPTED: MAR .2 5 7020