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• •qty p h <br /> William P. Kenoi L ' \ y� ' Nancy D e Crrawford <br /> Mayor • gg� i <br /> Deanna S. Sako <br /> Deputy Director <br /> County of Hawaii <br /> Finance Department <br /> 25 Aupuni Street, Suite 2103 • Hilo, Hawai`i 96720 <br /> (808) 961 -8234 • Fax (808) 961 -8569 <br /> May 17, 2011 <br /> Dominic Yagong, Council Chair and <br /> Members of the Hawai'i County Council <br /> Hawai'i County Council <br /> 25 Aupuni Street - <br /> Hilo, Hawaii 96720 —' <br /> Re: Pua Sewage Pump Station — Pump Replacement <br /> The State Department of Health has indicated that funding through the State Water Pollution <br /> Control Revolving Fund Loan Program will be available for the Pua Sewage Pump Station — <br /> Pump Replacement project, which has an estimated cost of $2,300,000. This project is <br /> scheduled to start in the first quarter of FY11 -12 and is included in the proposed FY11 -12 <br /> Capital Improvement Program Budget. <br /> Enclosed is a bill for an ordinance authorizing the Mayor to enter into an intergovernmental <br /> agreement for a State Water Pollution Control Revolving Fund Loan (SRF) of $2,300,000 for <br /> this (Pua Sewage Pump Station — Pump Replacement) project; and authorizing the issuance of <br /> general obligation bonds for the purpose of financing this improvement project. <br /> Pursuant to the County Procedures Manual for Participation in the Hawaii State Revolving Fund <br /> Loan Program, prepared by the Wastewater Branch of the Hawai'i Department of Health in April <br /> 1994, part of the loan application process requires a "resolution or ordinance passed by the <br /> County Council which authorizes the SRF loan application and identifies the dedicated <br /> source(s) of revenue (i.e., general obligation bonds) which will fund the project and repayment <br /> of the loan with interest." The Council's authorization of the issuance of general obligation <br /> bonds will serve as a pledge of its general obligation authority as security for repayment of the <br /> loan and interest. <br /> Nancy Crawford <br /> Director of Finance <br /> Enc. <br /> cc: Environmental Management <br /> < e Comm. No. 2 /3 <br /> Ref. To; FG <br /> Hawaii County is an Equal Opportunity Provider and Employer R!f• bate MAY <br /> _ 18211 <br />