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...... <br /> /-'�tYfOF N�7'. <br /> William P.Kenoi _ ''''''° Nancy E.Crawford <br /> . „�'� Director <br /> Mayor //+::N�'� ; <br /> Deanna S. Sako <br /> ��r - .•"���`_= Deputy Director <br /> OF NF <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 C__. <br /> 0 <br /> July 21, 2011 .=' r- <br /> ro -, <br /> Dominic Yagong, Council Chair and <br /> Members of the Hawaii County Council <br /> Hawaii County Council ' , <br /> 25 Aupuni Street <br /> Hilo, Hawaii 96720 <br /> c <br /> Re: Wastewater Improvement Projects <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 following projects: <br /> 1. Kalaniana'ole Interceptor Sewer Rehabilitation Phase II: $8,000,000 <br /> 2. Kulaimano and Papa'ikou Dewatering: $1,200,000 <br /> These projects are scheduled to start in the first quarter of FY11-12 and are included in the <br /> proposed FY11-12 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$9,200,000 and <br /> authorizing the issuance of general obligation bonds for the purpose of financing these <br /> improvement projects. <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 Hawaii 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 /> -i Nancy Crawford <br /> Director of Finance <br /> Enc. <br /> cc: Environmental Management Comm. No. 2- 83 <br /> �7 Ref. To; rG <br /> \�•t\`1 1 / Hawai`i County is an Equal Opportunity Provider and Employer Ref. Date JUL 2 2 2011 <br />