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William P. Kenoi Mayor December 1, 2008 County of Hawaii DEPARTMENT OF FINANCE Mailing Address: 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720 - _ _..-_ Office Located at: 891 Ululani Street • Hilo, Hawaii 96720 i DEPARTMENT OF r-INANCE (808) 961-8303 • (808) 961-8946 (FAX) ! -._ .. __. Mr. Dominic Yagong Chairperson, Finance Committee County Council County of Hawaii Hilo, Hawaii 96720 Nancy E. Crawford Director Deanna S. Sako Deputy f TETOc_U___,_-_ Y 70: ~.. r _...., .._. _ _. A': 'ION BY: ~ FILE: Section 47C-3, Hawaii Revised Statutes, requires that a supplemental summary of the indebtedness of the County be prepared as of a date within 30 days of the delivery of a new bond issue. The enclosed summary as of November 30, 2008 is submitted for your review and concurrence. The closing of the $50,000,000 General Obligation Bonds, 2008 Series A on December 10, 2008 requires preparation of this report. The attached tabular summary requires concurrence from both the Chairman of the Finance Committee and the Corporation Counsel. If you concur with this summary, please sign and return the original of this letter and keep the copy for your files. If you disagree with any item, please indicate the item of disagreement and your reasons therefor: After receiving your responses, I shall transmit the summary and your responses to the County Council for its action. Thank you very much for your prompt attention to this matter. Please call me if you have any questions. Nancy .Crawford Director of Finance E / I conc do not concur with the tabular summary of the net funded debt of the County of Ha li as of November 30, 2008. Reasons for non-concurrence: County Council, Date: ~ ~- r ~ I ~ ~ County of Hawei i is en Equal Opportuniry Provider and Employer. Camplanta of tlisaiminegon shoultl Ee sent to: USDA, Director, 016rs of Civil Rights, Weshin9lon, DC 20250-9010 Or cell (202) 720.5964 (Voice entl TDD)