BIL 126 Draft 01 2002-2004 - Laserfiche WebLink

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COUNTY OF HAWAII STATE OF HAWAII BILL NO. 126 ORDINANCE NO. AN ORDINANCE AMENDING ORDINANCE NO. 03-49 OF THE COUNTY OF HAWAII, ADOPTED ON MARCH 25, 2003, RELATING TO THE ISSUANCE OF GENERAL OBLIGATION BONDS BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: SECTION 1. Section 1 of Ordinance No. 03-49 is hereby amended as follows: "SF.C'IION 1. Findings and Determinations. The County Council has determined to authorize the issuance and sale of general obligation bonds (the "Bonds'") of the County in a principal amount not to exceed $36.312,650, the proceeds derived fmm the sale of which arc to be expended by the County to finance the Kahului-Keauhou Parkway (also called Ali'i Parkway or Kc Ala O Keauhou), the Americans with Disabilities Act (ADA) Ramp Compliance project, the ADA Parks Facilities Compliance project, the Pahoa Village Resource Park, the Waikoloa Hobko Street Park, the Public Safety Complex lividence Warehouse/Radio Shop Complex, the ADA Department of Public Works Facilities, ADA Playground Equipment Upgrades, Kuakini Highway Improvements. Ali`i Drive Oneo Bay Improvements, Waimea Trails and Greenways, Keopu I leights Feasibility Study, Palai Stream Feasibility Study, Upper Waiakea Stream Feasibility Study, South Hilo Landfill Closure--SORT Station, Queen Liliuokalani Collector Sewer, Kealakehe Effluent Disposal. West Hawaii County Building (Civic Center), Puna County Complex, Fire Administration Facility, and the Captain Cook (South Kona) Police Station, which are authorized by Ordinance Nos. 00-64. 01-56, [andl 02-77 and 03-90, as amended. It is hereby further found and determined that it is advisable and in the best interest of the County to authorize the issuance and sale of general obligation bonds of the C ounty in the maximum principal amount of $36,312,650, the proceeds derived from the sale of which shall be used as for the purposes hereinabovc described."