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4 <br /> JM1 V•Oi <br /> H.4 <br /> y0.'• <br /> <br /> DONALD IKEDA ;.i~?s~~?. ALAN S. KONISHI <br /> County Clrrk •;a-~ prpuR'CovnR'Clrrk <br /> Vrr•OI •Mr+ <br /> " CONSTANCE R. RIRIU <br /> OFFICE OF THE COUI~j~Y CLERK Lrg~slalrsr .9udlmr <br /> County of Hauw! <br /> Hnu~aii County Bmttmq <br /> ' 25 Aupuni Strttt <br /> Hilo, Huunii 96720 <br /> January 23, 1998 <br /> Harry A. Takahashi, Finance Director <br /> County of Hawaii <br /> Hilo, Hawaii 96720 <br /> Dear Mr. Takahashi: <br /> Subject: Bill 180, Draft 2 -Authorizing the Issuance of <br /> $40 Million in General Obligation Bonds <br /> The Council Finance Committee has deferred action on Bill 180, Draft 2, pending receipt of <br /> additional background information about the implications of issuing another $40 million in general <br /> obligation (G.O.) bonds at this time. <br /> A number of questions were raised by Council Members at the Finance Committee meeting and <br /> subsequent to the meeting. Your provision of answers to the following questions is requested: <br /> A. Financial Impacts <br /> I . Over the next twenty years, what would be the estimated G.O. bond <br /> repayment schedule fora $40 million bond amount? <br /> 2. Over the next twenty years, what would be the estimated G.O. bond <br /> repayment schedule fora $20 million bond amount? <br /> 3. Over the next twenty years, what would be the estimated schedule of debt <br /> service requirements for the County's G.O. bonds with the addition of the $40 <br /> million bond? <br /> 4. What would be the County's total outstanding debt with the addition of the <br /> $40 million bond? <br /> .ATTACHMENT C <br /> <br />