RES 252 Draft 01 2024-2026 - Laserfiche WebLink

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J�ZY OF H,L' COUNTY OF HAWAI`I STATE OF HAWAII TE OF•NF'� RESOLUTION NO. 252 25 A RESOLUTION ADOPTING USDA FORM RESOLUTION 1780-27 TO PROVIDE FOR A LOAN FROM THE UNITED STATES OF AMERICA, DEPARTMENT OF AGRICULTURE, TO FINANCE CERTAIN PUBLIC WATER SYSTEM IMPROVEMENTS FOR IKI PLACE, KOHANAIKI HOMESTEADS, NORTH KONA, HAWAI`I; AUTHORIZING THE EXECUTION OF AN AGREEMENT WITH THE UNITED STATES OF AMERICA, DEPARTMENT OF AGRICULTURE, FOR A GRANT FOR COSTS OF SUCH PUBLIC WATER SYSTEM IMPROVEMENTS; AND AUTHORIZING THE MAYOR, THE MANAGER -CHIEF ENGINEER OF THE DEPARTMENT OF WATER SUPPLY, THE DIRECTOR OF FINANCE, AND THE CHAIR OF THE COUNTY COUNCIL TO TAKE ALL ACTIONS NECESSARY TO FACILITATE SUCH LOAN AND GRANT. WHEREAS, the .County of Hawaii proposes to issue its general obligation bonds to evidence its repayment obligations for a loan to be obtained from the United States of America, acting by and through the United States Department of Agriculture, Rural Development, on behalf of the Rural Utilities Service (hereinafter "USDA"), in an amount not to exceed TWO HUNDRED SEVENTY-FIVE THOUSAND AND NO/100 DOLLARS ($275,000.00), to fund a portion of the costs of certain public water system improvements (hereinafter "the Project") for the Iki Place, Kohanaiki Homesteads, North Kona, Hawaii; and WHEREAS, in connection with such loan, USDA has offered a grant to fund costs of the Project in an amount not to exceed EIGHT HUNDRED TWENTY-FIVE THOUSAND AND NO/100 DOLLARS ($825,000.00); and WHEREAS, USDA requires, as part of the loan, grant, and bond closing process for the Project, that a USDA Loan Resolution, in the form of RUS Bulletin 1780-27, or similar resolution, be adopted, and that certain other documents be executed and actions be taken; and WHEREAS, Section 46-7 of the Hawaii Revised Statutes requires the consent of the Council in order for the County to enter into an agreement with the federal government or any other public body respecting action to be taken pursuant to any of the powers granted to the County by law and furnish, expend, and receive any funds or other assistance in connection with projects being or to be undertaken pursuant to those powers; now, therefore, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAI`I that this body hereby adopts the USDA Loan Resolution, attached hereto as Exhibit A and incorporated herein by reference, including the Certification To Be Executed At Loan. Closing. BE IT FURTHER RESOLVED that, pursuant to section 46-7 of the Hawaii Revised Statutes, the Mayor is hereby authorized to enter into a grant agreement with USDA for a grant in