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Form#: B-52 <br />7/18/91 <br />DEPARTMENT OF FINANCE <br />REQUEST FOR COUNCIL ACTION <br />DEPARTMENT: Evironmental DATE: <br />STAFF CONTACT: h PHONE <br />8/27/2O25 <br />323-4410 <br />An Ordinance amending Ordinance 23-40. which authorized the Mayor to enter into an intergovernmental <br />agreement for a State Water Pollution Control Revolving Fund Loan for Wastewater improvement project <br />and authorizing the issuance of $17,000,000 General Obligation Bonds of the County of Hawai'i, byincreasing the authorized amounts as follows: <br />HUoVVVVTP Rehabilitation and Replacement Project Phaoa1 <br />Hilo WVVTP Rehabilitation and Replacement Project Phase 2 $10,000,000 <br />B. BACKGROUND AND JUSTIFICATION -(USE ADDITIONAL SHEETS AS NEEDED): <br />Ordinance 23-40 authorized the Mayor to enter into an intergovernmental agreement for a State VVote[ <br />Pollution Control Revolving Fund Loan and authorized the issuance of $17,000,000 General Obligation Bonds <br />for the Hilo VVVVTP Rehabilitation and Replacement Project Phases 1 and 2. Phase 1 of the project is now <br />going into construction and the State Department ofHealth ([JOH)is able tuloan the {}ountved0ODo|State <br />Revolving Fund funds for this p 'act. This request iatoin asethoouthohzed'rfor Phase 1 by <br />$35.000.000to$42.000,000. amount <br />8RF|oono provide funding etalower interest i25��per aMnurn)and are reoakdover m2Uyear pahod. The <br />add�iono|GF{Floan vvou|d�eoVpgeDe[a|ob|' obonboDdnth (anaOend � for other critical Wastewater <br />The Hilo VVVVTPhas reached the end 0fits service life asthe amount ofrequired maintenance has increased <br />during recent years. It is expected that the completion of the upgrades will decrease the demand on staff time <br />to maintain the facility. <br />|norder tomeet the DOH'atimeline toobligate the funds bvthe end ofthe fiscal year, vverespectfully request <br />that this item be waived from committee and placed on the April 16 1h Council agenda. <br />SIGNED:eD Jart WentHead .1 <br />DATE: Zi/--�7 Ago <br />