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M<r os N1 I tarry Kim ~ Dixie Kaetsu ylul• dlapm~ ~ ~ Mnnngmg Uireuor 6arbara Koslow ?,~`r~ Depury Managwy U~rerlnr County of Hawaii 25 Aupuni Strut, Room 215 Hilq I lawnii 96720 (ROR) 961-R21 I • pax (RUS) 96 Lfi553 .luly 20, 2007 Pete Hoffmann, Chairman and Members of the Hawaii County Council Hawaii County Council 25 Aupuni Street Hilo, [II 96720 Dear Chairman Ioffmann and Council Members: Chapter 32 of the Hawaii County Code ("Chapter 32"), entitled the "Community Facilities Districts Codc," authorizes the County of Hawaii (the "County") to establish community 7acilities districts ("CFDs") within the County for the purpose of financing the purchase, construction, installation, expansion, improvement or rehabilitation of special improvements (as defined in Chapter 32). The establishment of a CFD is subject to satisfaction of various substantive and procedural requirements specified in Chapter 32. The County recognizes that the requirements of Chapter 32 must be applied in a fair and consistent manner based on fair and consistent standards. The purpose of these administrative guidelines is to establish the procedures and standards to be applied by the Administration in evaluating proposed CPDs and CFD bond issues. Amendments to the guidelines will be made from time to time, as necessary and appropriate. fhe procedures and standards set forth in these guidelines will apply generally to CPDs proposed by the County itself and those proposed by private owners. However, the application process will differ for CFDs proposed by private owners. In addition, to the extent applicable in the case of CFDs proposed by the County, the availability of County funding to defray costs and the degree of County oversight over construction of the special improvements will be taken into account in addressing various standards set forth in these guidelines. In cash and every circumstance, the decision as to whether or not the County will establish a CFD under Chapter 32 will be made solely by the County Council. Nothing contained within the guidelines shall be construed as obligating the County to establish a CFD in any circumstance or as granting to any person any right to have the County establish a CFD in any circumstance. Comm. No. 5~ ~f. To:~_ Rd. Date JUL 31 ~DT- 1-fn2uaii Counh~ is nn equnl oyportuniL~ provider ~nA employer.