COM 0585.000 2010-2012 - Laserfiche WebLink

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-*IV OF'4''• • ,____) %.,....,4_:;;;;;.e_......., .: COUNTY OF HAWAII Honoka`a Sewer Connection Guaranteed Loan Program Agreement with Designated Banks This agreement is made on between the County of Hawaii (the "County") and (the "designated bank") with its principal place of business at . This agreement applies only to sewer connection loans in the town of Honoka`a, Hawaii and originated between 2012 and 20_ if not mutually extended. 1. Recitals. The financial institutions serving Honoka`a town are desirous of providing loans to the residents and businesses seeking financing for the costs of sewer line connection. The County, to ensure that those qualifying owners who are required to hookup to the sewer line can do so without a financial impediment, will guarantee the repayment of loans for those owners whose loan applications have been declined. 2. Definitions. (a) "Designated bank" means a financial institution approved by the director of finance to provide loans to borrowers applying for sewer connection financing in Honoka`a town during 2012, and whose loans would be guaranteed by the County. (b) "Director" means the director of finance or the director's authorized representative. (c) "Guaranteed borrower" means an owner who has executed the appropriate agreements with the County required by Hawaii County Code (the "Code") Chapter 21, Article 5 and whose loan with a designated bank is guaranteed by the County in accordance with such Chapter and Article. (d) "Owner" means: (i) A person or persons, including joint tenants, tenants in common, tenants by the entirety; corporations; limited liability companies; non-profit organizations; and partnerships who hold the fee title to real property which is required to be connected to sewer lines pursuant to Section 21-5 of the Code; or (ii) A person or persons, including joint tenants, tenants in common, tenants by the entirety; corporations ; limited liability companies; non-profit organizations; and partnerships to whom has been entrusted pursuant to law the legal or equitable titles to real property which is required to be connected to sewer lines pursuant to Section 21-5 of the Code, and who are empowered to act as trustees of that real property for the benefit of another or others, or as trustees of a self-directed revocable living trust; or County of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to: ■■cnn n;.e-r.,, nk..o.,r ri.,il O;nh*e 1n/aehi,,-v n nr nO (.Od1 n !lr raII(7071 77n-59Ad(Vnira and Ton)