ORD 2012-015 2010-2012 - Laserfiche WebLink

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COUNTY OF HAWAII STATE OF HAWAII BILL NO. 159 ORDINANCE NO. 12 15 AN ORDINANCE AMENDING CHAPTER 21, ARTICLE 5, VARIOUS SECTIONS OF THE HAWAII COUNTY CODE 1983 (2005 EDITION), RELATING TO SEWER CONNECTION LOAN PROGRAM. BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: SECTION 1. The purpose of this measure is to update and amend Article 5 relating to the Sewer Connection Loan Program. SECTION 2. Chapter 21, Article 5, Section 21 -38 of the Hawai`i County Code 1983 (2005 edition), is amended to read as follows: Section 21 -38. Definitions. For purposes of this article, the following words and phrases, unless the context otherwise requires, shall be defined as indicated: "Default" means the failure of a guaranteed borrower to make a required payment to a designated bank within ninety days of the date upon which the payment is due as stated in the contract between a designated bank and a guaranteed borrower. "Designated bank" means any bank or financial institution approved by the director of finance pursuant to this article to provide loans to owners who are required to connect property to sewers by section 21 -5. "Guaranteed borrower" means an owner who has executed the appropriate agreements with the County of Hawai`i required by this article and whose loan with a designated bank is guaranteed by the County of Hawai'i in accordance with this article. "Increment" means any one of the planned sewer construction projects stated in section 21 -37. "Owner" means: (1) A person or persons, including joint tenants, tenants in common, tenants by the entirety, corporations, and partnerships who hold the fee title to real