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Mitchell D. Roth of.114 Deanna S. Sako ! Director Mayor Diane Nakagawa +T;�, ,w;•*,. Deputy Director '*lp OF•NA'� County of Haiji Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 (808)961-8234 Fax(808)961-8569 September 30, 2022 Maile Medeiros David, Council Chair and Aram: Members of the Hawaii County Council Hawaii County Council 7. 25 Aupuni Street Hilo, Hawaii 96720 Re: Wastewater Improvement Project Enclosed is a bill for an ordinance authorizing the Mayor to enter into an intergovernmental agreement for a State Water Pollution Control Revolving Fund Loan (SRF) of$17,000,000 and authorizing the issuance of general obligation bonds for the purpose of financing the following projects: Hilo WWTP Upgrades $17,000,000 Pursuant to the County Procedures Manual for Participation in the Hawaii State Revolving Fund Loan Program, prepared by the Wastewater Branch of the Hawaii Department of Health in April 1994, part of the loan application process requires a "resolution or ordinance passed by the County Council which authorizes the SRF loan application and identifies the dedicated source(s) of revenue (i.e., general obligation bonds) which will fund the project and repayment of the loan with interest." The Council's authorization of the issuance of general obligation bonds will serve as a pledge of its general obligation authority as security for repayment of the loan and interest. If there are any questions, please do not hesitate to call Eric Takamura of the Department of Environmental Management at 961-8333. Deanna S. Sako Director of Finance Enc. c: Environmental Management QQ � lN Comm. o. U 112-25)` Comm. To: Hawaii County is an Equal Opportunity Employer and ProviderRef. Date OCT 4 2022