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<br /> AN ORDINANCE PROVIDING FOR THE ESTABLISHMENT OF THE KAILUA <br /> <br /> VILLAGE BUSINESS IMPROVEMENT DISTRICT NO. 1. <br /> BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAI`L• <br /> SECTION 1. Purpose. <br /> The purpose of this [er~i~se] Ordinance is to provide for the making and <br /> financing of a Business Improvement District at Kailua Village, in the district of <br /> I4exa] North Kona, Hawaii, to provide for and finance supplemental services and <br /> improvements in Kailua Village as authorized by chapter 35, Hawaii County Code 1983 <br /> (2005 Edition, as amended) (hereinafter "Hawai`i County Code.") <br /> SECTION 2. Establishment of District No. 1. <br /> In accordance with the provisions of chapter 35, Hawaii County Code, the <br /> Council finds as follows: <br /> (1) A Business Improvement District is hereby established pursuant to the <br /> provisions of chapter 35, Hawaii County Code and in accordance with <br /> the "Kailua Village Business Improvement District Plan" ("District <br /> Plan") attached as Exhibit "A" to this Ordinance and incorporated as <br /> part of this Ordinance; <br /> (2) The name of the district shall be "The County of Hawaii Kailua <br /> Village Business Improvement District No. 1" (hereinafter referred to <br /> as the "District"); <br /> (3) The District Plan shall be administered by the District Association <br /> established for the District as defined by Section 35-18, Hawaii <br /> County Code; <br /> (4) The initial term of the proposed district is for five years, which is <br /> automatically renewed unless an ordinance of termination is adopted <br /> in which case operations of the District shall cease although the term <br /> shall not expire until all debt service on bonds and incidental expenses <br /> and supplemental services expenses related thereto are fully paid or an <br /> irrevocable provision for such payment has been made; <br /> f(G\ TL.e « ,.e1....C L.«,l l.e „ ..vA .,,:rl.:« ?l.o P:°.tr:.~,t a.e ' <br /> L ~j <br /> 1. .....1.,, «,7 et F «tl. Ito I:P4.. ,l„ ..to,l <br /> e.. ,....o«~. ~ <br /> ~ ~g..u«.~. <br /> 7++ u7 1 H ,l i, lr 1,'1,' ui» ,l C l.'l.' <br /> ~ > > <br /> [((~]L) The general boundary of the District is shown on the map attached <br /> hereto as Exhibit "1." Exhibit "1" also shows the <br /> respective areas within the District comprising Zones 1 and 2; <br /> ATTACHMENT "I" -SHOWS PROPOSED CHANGES TO BILL 55, DRAFT 2 <br /> Page 1 of 14 <br /> <br />