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<br /> r <br /> ~~Y Os N <br /> C.- ~ '`~4 <br /> Stephen K. Yamashiro Harry A. Takahashi <br /> Mayor ~ _ Director <br /> S K.Schutte <br /> . ~ ~ Deputy <br /> i r <br /> 1h O.'M~+ , , . . <br /> County of Hawaii r <br /> co~~~~ ; ~ ~ <br /> DEPARTMENT OF FINANCE <br /> 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720-4252 <br /> (808)961-8234 • (808)961-8248 <br /> September 9, 1997 <br /> The Honorable James Y. Arakaki, Council Chair <br /> and Council Members <br /> Hawaii County Council <br /> Hilo, Hawaii <br /> RE: General Obligation Bonds <br /> Water Commission Resolution No. 98-O1 requests the issuance and sale of $775,600 in general <br /> obligation bonds by the County of Hawaii. Enclosed for your favorable action is an ordinance <br /> bill authorizing the issuance of $775,600 in general obligation bonds on behalf of the Department <br /> of Water Supply for sale to the United States Department of Agriculture (USDA). Proceeds will <br /> be used to finance a portion of the improvements to Ookala, Paauilo and Paauhau water <br /> distribution systems. <br /> This issue is a reimbursable general obligation bond with the Department of Water Supply <br /> reimbursing the County for payments on this bond issue. <br /> ~C~ <br /> Harry A. ah3 <br /> Director o Finance <br /> APPROVED: <br /> 3~tephen K. Yamashiro <br /> NYayor <br /> encl. <br /> rils na A <br /> 2m F <br /> ~SEP 1 6 1997 <br /> <br />