ORD 2011-066 2010-2012 - Laserfiche WebLink

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and mail an amended notice of hearing containing the amended preliminary assessment roll. Said readvertisement and mailing shall be done under the provisions of sections 12 -27(c) and (d). Said postponed public hearing shall be conducted in the same manner as provided in section 12- 27(e). (B) If the amended preliminary assessment roll shows a proposed amount of assessment for each of the assessment units to be assessed which is the same or less than the preliminary assessment roll, the public hearing shall be held as scheduled and the amended preliminary assessment roll shall be considered at said public hearing. SECTION 12. Chapter 12, Article 5, Section 12 -59, Hawai`i County Code 1983 (2005 Edition, as amended) relating to Initiation of refunding is amended to read as follows: Section 12 -59. Initiation of refunding. (a) The owners of assessment units in any improvement district whose assessment units represent seventy -five percent or more of the outstanding improvement assessments at the time of the filing of the petition shall, if it is desired that the indebtedness of the district be refunded, file with the council a petition, which petition shall set forth the indebtedness of the district, that it is desired that the indebtedness be refunded, and the proposed method of refunding the outstanding indebtedness. (b) The council shall thereupon, by resolution requiring not more than one reading for its adoption, direct the director of [public works] finance to investigate and report to the council: (1) The amount of unpaid assessments and the assessment units subject to the assessment in the improvement district; (2) The detail of any delinquent assessments and of any unpaid penalties; (3) Whether the petitioners own assessment units representing seventy -five percent or more of the unpaid assessments in the district; (4) The proposed method of reassessment of the assessment units subject to existing assessments; (5) A new assessment roll showing the proposed new assessments; (6) The cost of the proposed refunding scheme; and (7) Other details which may be necessary to carry into effect the proposed refunding project. (c) The report of the director of [public works] finance shall be filed with the council. [ petitioners shall deposit with the director of finance a sum sufficient to meet the cost of the refunding project as reported by the director of public works.] (d) Thereafter the council shall, by resolution requiring one reading for its adoption, propose the adoption of the suggested refunding plan specifying: (1) The outstanding indebtedness of the district; 15