ORD 2006-055 2004-2006 - Laserfiche WebLink

Home

COUNTY OF HAWAII ORDINANCE NO. STATE OF HAWAII 06 5S BILL NO. 243 DRAFT2 AN ORDINANCE AMENDING ORDINANCE NO. 95-82 OF THE COUNTY OF HAWAII ADOPTED ON JULY 5, 1995, AS AMENDED BY ORDINANCE NO. 96-92 ADOPTED ON AUGUST 15, 1996, 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. 95-82, as amended by Ordinance No. 96-92, is hereby amended as follows: SECTION 1. Findinvs and Determinations. It is hereby found and determined that appropriations for public improvement projects of the County of Hawaii to be financed from general obligation bond funds have been made in Ordinance No. 93-50, as amended, Ordinance No. 94-70, as amend, Ordinance 95-75, as amended, and Ordinance No. 96-68, as amended, for the fiscal years ending June 30, 1994, June 30, 1995, June 30, 1996 and June 30, 1997' respectively, raid for tile _followine nro eJ cts Police Microwave Relocation & Renovation New Waikoloa Ho'oko Street Park Kuakini_Hig,hwa�Intprovementsand Prosecuti�Attorney Office Renovation. 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 County in the maximum principal amount of $30,000,000, the proceeds derived from the sale of which shall be used to pay all or a part of the costs of appropriations referred to above and to pay all or a part of the costs of issuance of such bonds." SECTION 2. Section 2 of Ordinance No. 95-82, as amended by Ordinance No. 96-92, is hereby amended as follows: "SECTION 2. Authorization of Bonds. There are hereby authorized for issuance and sale general obligation bonds of the County (the "Bonds") in the principal amount of Thirty Million Dollars ($30,000,000), the proceeds derived fiom the sale of which shall be used to pay all or a part of the costs of appropriations for public improvement projects of the County to be financed from general obligation bond funds made in Ordinance No. 93-50, as amended. Ordinance No. 94-70, as amended, Ordinance No. 95-75, as amended, and Ordinance No. 96-68, as amended, for the fiscal years ending .lune 30, 1994, June 30, 1995, June 30, 1990 and .lune 30,