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+1:'•°` Phonc: (808) 96 ] -8263 <br /> <br /> BOB .IAC013SON <br /> I~ax: (808) 961-8912 <br /> <br /> (bugci(nteruher <br /> I'; Mail: jacobskr;hgca.org <br /> 1l~ Of ~N~~` <br /> HAWAII COUNTY COUNCIL <br /> Counl? ~f ~(~QN'Cli'! <br /> llrnrai'i C'~imrtP Buildin„ <br /> ?5 ~Ivpurtt Sweet, <br /> llfln, l/nwai'i JG20 <br /> Apri12Q 2005 _ _ <br /> TO: The Honorable Stacy Higa, Chairman <br /> and Members, Hawaii County Council <br /> ~z~ ~ <br /> FROM: Council Member Bob Jacobson <br /> SUBJECT: DRAFT ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL <br /> OBLIGATION BONDS OF THE COUNTY OF HAWAII FOR THE PURPOSE OF <br /> ACQUIRING LAND FOR PUBLIC ACCESS, OPEN SPACE AND NATURAL RESOURCE <br /> PRESERVATION; FIXING THE FORM, DENOMINATIONS, AND CERTAIN OTHER <br /> DETAILS OF SUCH BONDS AND PROVIDING FOR THEIR SALE TO THE PUBLIC; AND <br /> AUTHORIZING THE ISSUANCE AND SALE OF A LIKE PRINCIPAL AMOUNT OF <br /> GENF,RAL OBLIGATION BOND ANTICIPATION NOTES IN ANTICIPATION OF THE <br /> ISSUANCE AND SALE OF SUCH BONDS. <br /> Forwarded for your review and consideration is Bill 79, Draft 2, Relating to the issuance of <br /> general obligation bonds for the purpose of acquiring land for public access, open space, and <br /> natural resource preservation. <br /> Dratt 2 makes a number of technical and non-substantive changes recommended by bond <br /> counsel that are Ramseyered below: <br /> Section 1. Findines and Determinations. The County Council has determined to authorize the <br /> issuance and sale of general obligation bonds of the County in a principal amount not to exceed <br /> $10,000,000, the proceeds derived from the sale of which are to be expended by the County to <br /> finance the acquisition of [ , <br /> (r3~ 79~Asr.d Comm. No. ZQq.~O <br /> Ref. To: Pteier~L <br /> Ref. Dais , A R 1 ~ ZQQ. <br /> <br />