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COUNTY OF HAWAII STATE OF HAWAII <br /> BILL NO. 280 <br /> Draft 2 <br /> ORDINANCE NO. <br /> AN ORDINANCE AMENDING THE HAWAI'1 COUNTY CODE 1983 (1995 EDITION), AS <br /> AMC:NDE_D, BY ADDING A NEW CHAPTER RELATING TO BUSINESS IMPROVEMEN"f <br /> DIS"fRICTS. <br /> BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: <br /> SECTION I . The Hawaii County Code 1983 (1995 Edition), as amended, is hereby amended by <br /> <br /> adding a new chapter to be appropriately designated and to read as follows: <br /> "CHAPTER .BUSINESS IMPROVEMENT DISTRICTS. <br /> Article 1. General Provisions. <br /> Section -1. Definitions. <br /> The following definitions shall apply for the purposes of this chapter. <br /> (1) "Assessed value of real property" means the gross value of a parcel of land, as defined <br /> below, as assessed by the Counry's real property tax office, including the assessed value <br /> of any improvements thereon. <br /> (2) "Bonds" means special improvement district bonds (including refunding bonds) issued <br /> pursuant to this chapter. <br /> (3) "Bond ordinance" means an ordinance of the council, which authorizes bonds. <br /> (4) "Business improvement district" or "district" means a district of land established by the <br /> county pursuant to this chapter for providing and financing supplemental services and <br /> improvements. <br /> (5) "County" means the County of Hawaii. <br /> (6) "County clerk" means the county clerk of the County of Hawaii. <br /> (7) "Costs of supplemental improvements" means the following: <br /> (A) Cost of acquiring, constructing, installing, improving, or rehabilitating <br /> supplemental improvements; <br /> (B) Cost of acquiring land or right-of--way for supplemental improvements; <br /> (C) Payment of any water, sewer, or other utility connection fee necessary for <br /> supplemental improvements; <br /> (D) Payment of fees and expenses for planning, architectural, engineering, <br /> inspection, legal, financial, or other consultants for supplemental improvements; <br /> (E) Reimbursement of an advance of funds for acquiring, constructing, installing, <br /> improving, or rehabilitating supplemental improvements; <br /> (F) Contribution to a reserve fund for the payment of debt service on bonds issued to <br /> finance the costs of supplemental improvements; <br /> (G) Not more than two years of interest on bonds issued to finance the costs of <br /> supplemental improvements; or <br /> <br />