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COUNTY OF HAWAII <br /> ADMINISTRATIVE GUIDELINES FOR EVALUATION <br /> OF PROPOSED COMMUNITY FACILITIES DISTRICTS <br /> Chapter 32 of the Hawaii County Code ("Chapter 32"), entitled the "Community Facilities <br /> Districts Code," authorizes the County of Hawaii (the "County") to establish community facilities <br /> districts ("CFOs") within the County for the purpose of financing the purchase, construction, <br /> installation, expansion, improvement or rehabilitation of special improvements (as defined in <br /> Chapter 32). The establishment of a CFD is subject to satisfaction of various substantive and <br /> procedural requirements specified in Chapter 32. <br /> 'fhe County recognizes that the requirements of Chapter 32 must be applied in a fair and <br /> consistent manner based on fair and consistent standards. The purpose of these administrative <br /> guidelines is to establish the procedures and standards to be applied by the Administration in <br /> evaluating proposed CFOs and CFD bond issues. <br /> "fhe procedures and standards set forth in these guidelines will apply generally to CFOs <br /> <br /> proposed by the County itself and those proposed by private owners. However, the application <br /> <br /> process will differ for CFOs proposed by private owners (as discussed herein). In addition, to the <br /> extent applicable in the case of CPDs proposed by the County, the availability of County funding to <br /> <br /> defray costs and the degree of County oversight over construction of the special improvements will <br /> be taken into account in addressing various standards set forth in these guidelines. <br /> In each and every circumstance, the decision as to whether or not the County will establish a <br /> CFD under Chapter 32 will be made solely by the County. Nothing contained herein shall be <br /> construed as obligating the County to establish a CFD in any circumstance or as granting to any <br /> person any right to have the County establish a CFD in any circumstance. <br /> These administrative guidelines are organized into two basic pans: <br /> Yart I: relates to the CFD Review Committee that has been created to administer the review <br /> process for proposed CFOs, and the review process to be administered by the Committee, including <br /> provisions for the initiation of the review process, the initial and subsequent reviews (if necessary) <br /> to be conducted by the Committee and the County's retention of special consultants for advice and <br /> <br />