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BOB .IACOBSON Phone: (808) 961-8263 <br /> • ~~%%a. Fax: (808) 961-8912 <br /> (~nern<'ihneuther <br /> E-Mail: jacobs~a)hgca.org <br /> ,ffb.+,y of-u'. <br /> Iyf p~•N':~ <br /> HAWAI`1 COUNTY COUNCIL <br /> Cnun~y~ Haivai'i <br /> Nuu~al7 (beivy' Kuddui,;, <br /> 23 Jn/nmi Su~eei. <br /> lli(a llrnrai'i J(720 r , <br /> G'.-: <br /> l^~ <br /> March 18, 2005 <br /> TO: The Honorable Gary Safarik, Chairman <br /> And Council Members <br /> FROM: Council Member Bob Jacobson "',~j~- <br /> ..cc~~ <br /> SUBJECT: DRAFT ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION <br /> BONDS OF THE COUNTY OF IIAWAI'I FOR THE PURPOSE OF ACQUIRING LAND FOR PUBLIC <br /> ACCESS OPEN SPACE AND NATURAL RESOURCE PRESERVATION; FIXING THE FORM, <br /> DENOMINATIONS, AND CERTAIN OTHER DETAILS OF SUCH BONDS AND PROVIDING FOR <br /> 'THEIR SALF, TO THE PUBLIC; AND AUTHORIZING THE ISSUANCE AND SALE OF A LIKE <br /> PRINCIPAL AMOUNT OF GENERAL OBLIGATION BOND ANTICIPATION NOTES IN <br /> ANTICIPATION OF THE ISSUANCE AND SALE OF SUCH BONDS. <br /> Forwarded for your review and consideration is a draft ordinance relating to the issuance of $10,000,000 of <br /> general obligation bonds for the purpose of acquiring land for public access, open space and natural resource <br /> preservation. <br /> Funds to be used for acquiring lands or property with priority given to coastal lands. The longstanding needs <br /> are for: the preservation of coastal areas, open space, cultural and historic sites, recreation areas, and natural <br /> <br /> resources, and the provision of public access to the ocean, mountains, recreation, hunting and gathering areas. <br /> ~a~ 7q ~ <br /> Coma. No. Z 0 ~1 <br /> Ref. To: <br /> Ref. Uate qpR 7 905 <br /> <br />