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HomeMy WebLinkAboutREP FC 117 2020/03/25 2018-2020 REPORT OF THE COMMITTEE ON FINANCE DATE: March 25, 2020 Re: Comm.No. 808/13ill No. 151 PLACE: Council Chambers Hilo, Hawaii TIME: 11:40 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 151, reports as follows: Bill No. 151, transmitted by Council Member Susan Lee Loy, via Communication No. 808 dated March 6, 2020, amends Ordinance No. 19-74, as amended, relating to public improvements and financing thereof for the Fiscal Year July 1, 2019 to June 30, 2020. The bill increases the Waidkea Uka Park and new Community Center improvements project by $8 million. Additional funds for this project shall be provided from General Obligation Bonds, Capital Projects Fund—Fund Balance and/or other sources ($2 million) and State Capital Improvement Project Funds ($6 million), for a total appropriation of$8,150,000,to be used for project planning and construction. Council Member Lee Loy noted that she and State House Representative Richard Onishi advise to move this project forward as it will provide for an emergency shelter in the future and is a three to one match by State funds. Pursuant to Hawaii County Charter Section 10-6(e),the Council may amend the capital budget at any time during the fiscal year with an affirmative vote of tho-thirds of the entire membership. Your Committee on Finance is in accord with the purpose and intent of Bill 151 and recommends its passage on first reading. db AYES NOES ABS EX Respectfully submitted, CHUNG x DAVID x COMMITTEE ON FINANCE EOFF x KANEALI'l-KLEINFELDER x KIERKIEWICZ x LEE LOY x POINDEXTER x MAILS ME S DAVID, CHAIR RICHARDS x FC REPORT NO.: 117 APR - 8 2020 VILLEGAS x I ADOPTED..