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11. The term of the Proposed District shall be sixty (60) years, commencing with the fiscal year ending June 30, 2022; provided that the term of the Proposed District shall expire at such time, but in no event until such time, whether before or after the end of such term, as all bonds and other debt incurred pursuant to Chapter 32 and all incidental expenses related thereto that are payable from the Special Taxes have been fully paid or payment duly provided for. 12. The Council hereby directs the Director of Environmental Management of the County to study the Proposed District, to prepare the report required by Section 32-21 (the "Report") and to file the Report with the County Clerk not later than sixty (60) days after the adoption of this Resolution. The Director of Environmental Management may consult with and rely upon other officials and departments of the County or the State in connection with such study and the Report. If deemed necessary or desirable by the Director of Environmental Management, the study may be conducted and the Report may be prepared, in whole or in part, by an independent consultant under the supervision of such Director. The Report shall include, but not be limited to, an estimate of the cost of providing the Improvements and Incidental Expenses. 13. This Resolution shall take effect immediately upon its adoption. Dated at Hilo , Hawai`i, this 7th day of July 12021 INTRODUCED B ID/(Z- COUNCIL /(Z -- COUNCIL MEMBER. COUNTY OF HAWAII COUNTY COUNCIL County of Hawaii Hilo, Hawaii I hereby certify that the foregoing RESOLUTION was by the vote indicated to the right hereof adopted by the COUNCIL of the County of Hawaii on July 7, 2021 ATTEST: 415903. 6 ROLL CALL VOTE Reference: C-311/Waived FC RESOLUTION NO. 21 AYES NOES ABS EX CHUNG X DAVID X INABA X KANEALI`I-KLEINFELDER X KIERKIEWICZ X KIMBALL X LEE LOY X RICHARDS X VILLEGAS X 9 0 0 0 Reference: C-311/Waived FC RESOLUTION NO. 21