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COUNTY OF HAWAII :. .N� ,-;,' :.'- STATE OF HAWAII <br /> .�*•o.•N� BILL NO. 10 <br /> ORDINANCE NO. R 6 <br /> AN ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION <br /> REFUNDING BONDS OF THE COUNTY OF HAWAII FOR THE PURPOSE OF <br /> REFUNDING CERTAIN OUTSTANDING GENERAL OBLIGATION BONDS AND NOTES; <br /> FIXING THE FORM, DENOMINATIONS, AND CERTAIN OTHER DETAILS OF SUCH <br /> REFUNDING BONDS AND PROVIDING FOR THEIR SALE TO THE PUBLIC; <br /> PROVIDING FOR THE RETIREMENT OF THE BONDS TO BE REFUNDED; AND <br /> AUTHORIZING THE TAKING OF OTHER ACTIONS RELATING TO THE ISSUANCE <br /> AND SALE OF THE REFUNDING BONDS AND THE RETIREMENT OF THE BONDS TO <br /> BE REFUNDED. <br /> BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: <br /> SECTION 1. Findings and Determinations. The County Council hereby determines <br /> and finds that the County has heretofore issued bonds and other long term debt obligations from time <br /> to time to fund capital improvement projects for the County and the County's Department of Water <br /> Supply (the "Water Department"), including the following bonds and obligations (the "Prior <br /> Obligations"): <br /> Original Outstanding <br /> Obligation Principal Amount Principal Amount * <br /> General Obligation Bonds, $36,310,000.00 $25,345,000.00 <br /> 2003 Series A <br /> General Obligation Bonds, $30,000,000.00 $22,650,000.00 <br /> 2004 Series A <br /> Public Improvement Bonds, $3,696,400.00 $1,345,944.96 <br /> 2004 Series A and B <br /> (Improvement District No. 18) <br /> State Revolving Fund Loan $3,210,243.00 $316,412.26 <br /> Ali`i Drive Interceptor Sewer, <br /> Parts A&B <br /> Loan No. C 150080 08 <br /> State Revolving Fund Loan $2,239,174.01 $271,347.92 <br /> Ainako Interceptor Sewer, <br /> *As of date of introduction of this ordinance. <br />