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DOMINIC YAGONG Council Chairperson Council District 1 December 9, 2011 Hawai`i County Council County of Hawai`i 25 Aupuni Street Hilo, Hawai`i 96720 To: Members of the Hawai`i County Council A`++ From: Skr Dominic Yagong, Chairperson Subject: Proposed Amendments to Bill No. 146; An Ordinance Amending Chapter 21, Article 5, Section 21 -37 and Section 21 -42 of the Hawai`i County Code 1983 (2005 Edition, as Amended), Relating to the Sewer Loan Connection Program Email: dyagong @co.hawaii.hi.us Phone: (808) 961 -8264 Fax: (808) 961 -8912 L7 ,o -9 Please find attached proposed amendments to Bill No. 146. The proposed amendments to Bill No. 146 are illustrated below by Ramseyer format (material to be deleted is bracketed and stricken through, material to be added is underscored). Section 21 -37, as provided in Bill No. 146, is amended as follows: "Section 21 -37. Findings and purpose. Section 21 -5, requires connection to the sewer of lots accessible to a sewer. The connection cost may be financially burdensome for many owners. Therefore, the council finds that, in order to assure that all possible lots are connected to the sewer to meet Federal and State requirements, it is in the public interest to create, in cooperation with a bank or other financial institution, a program by which the County of Hawai`i assists owners to connect to the sewer by guaranteeing loans for this purpose. The guaranteed loan program would allow the owner to get a County - guaranteed loan from the bank or other financial institution after it agrees that the County of Hawai`i shall place a lien on the property at the time the loan closes. The lien would be for the [hookup cost, interest,] loan amount and related fees and [lean] costs. The County of Hawai`i would guarantee the bank or other financial institution that it will pay the balance of the loan in full should the owner default on the loan. [If the owner cannot qualify for a loan, the County of Hawai`i will pay a contractor for the hookup, and charge the same interest rate as the bank or financial institution that handles the County guaranteed loan program.] This law shall cover the sewer connections which will be required in the following increments: Serving the Interests of the People of Our Island Hawai`i County Is An Equal Opportunity Provider And Employer Comm. No. 'i" 7 Ref. To: Co u / Ref. Date DEC " 9 2011