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oJrtYOSH...,.. <br /> COUNTY OF HAWAII STATE OF HAWAII <br /> E of•% . <br /> BILL NO. 280 <br /> ORDINANCE NO. <br /> AN ORDINANCE AMENDING ORDINANCE NO. 11-81, WHICH AUTHORIZED THE <br /> MAYOR TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT FOR A STATE <br /> WATER POLLUTION CONTROL REVOLVING FUND LOAN FOR WASTEWATER <br /> PUBLIC IMPROVEMENT PROJECTS AND AUTHORIZED THE ISSUANCE OF <br /> GENERAL OBLIGATION BONDS FOR THE PURPOSE OF FINANCING QUALIFIED <br /> WASTEWATER PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII. <br /> BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: <br /> SECTION 1. The title of Ordinance No. 11-81 is hereby amended to read as follows: <br /> "AN ORDINANCE AUTHORIZING THE MAYOR OF THE COUNTY OF HAWAII <br /> TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT FOR A STATE <br /> WATER POLLUTION CONTROL REVOLVING FUND LOAN FOR WASTEWATER <br /> PUBLIC IMPROVEMENT PROJECTS; AND AUTHORIZING THE ISSUANCE OF <br /> [$ 200,000] $9,822,000 GENERAL OBLIGATION BONDS OF THE COUNTY OF <br /> HAWAII FOR THE PURPOSE OF FINANCING QUALIFIED WASTEWATER <br /> PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII" <br /> SECTION 2. Section 1 of Ordinance No. 11-81 is hereby amended to read as follows: <br /> "SECTION 1. Request for Loan. The County of Hawaii, pursuant to Section <br /> 342D-54, Hawaii Revised Statutes, will be submitting an application for a State <br /> Water Pollution Control Revolving Fund Loan (SRF Loan) to the Director of the <br /> Department of Health, State of Hawaii, to finance the construction of the <br /> wastewater projects listed in "[Exhibit A] Exhibit A, Draft 2". <br /> "Under the terms and conditions anticipated with regard to such SRF loan, <br /> the County shall repay, over a term of twenty years, the principal amount, which <br /> shall not exceed ] $9,822,000, at a fixed rate of interest which shall <br /> not exceed the Bond Buyer's 20-year general obligation bond issue." <br /> SECTION 3. Material to be repealed is bracketed and stricken. New material is <br /> underscored. <br /> SECTION 4. The only changes to Ordinance 11-81 are reflected solely in the monetary <br /> amounts indicated in the Ordinance Title, Section 1, and in Exhibit A which has been replaced <br /> with a new exhibit labeled as Exhibit A, Draft 2. <br />