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Home My WebLink AboutCOM 0146.000 2012-2014 William P. Kenoi cwt+.OF ew . Nancy E. Crawford 2 ' Director Mayor cR� ,, 1J!% ..��'� Deanna S. Sako • +• , ' i.• Deputy•County of Hawai'i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961-8234 • (808)961-8569 (FAX) February 8, 2013 The Honorable J. Yoshimoto, Chairman - And Members of the Council .. County of Hawai'i -- 25 Aupuni Street Lk) Hilo, Hawaii 96720 Dear Chairman Yoshimoto: In accordance with Section 47C-3, Hawaii Revised Statutes, I certify that the enclosed supplemental summary of indebtedness of the County of Hawai'i as of February 15, 2013 is correct. The closing of a $98,825,000.00 General Obligation Bonds, 2013 Series A, B & Con February 12, 2013 requires preparation of this report. Concurrence to the supplemental summary of the Chairperson of the Finance Committee and the Corporation Counsel are also attached. Very truly yours, Nancy . Crawford Director of Finance Encls. Comm', No. / r 10 Ref. To: P-[ Ref. Date FEB 1 9 2013 County of Hawai'i is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to: USDA,Director,Office of Civil Rights,Washington,DC 20250-9410 Or call(202)720-5964(Voice and TDD) William P. Kenoi . .,... Nancy E. Crawford Mayor c?/c''' • 1(4,. Director Deanna S. Sako Deputy Director - +s•r ,tf•Oi•NI.i� County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720 (808) 961-8517• (808) 961-8569 (FAX) February 6, 2013 Ms. Valerie Poindexer Chairperson, Finance Committee County Council County of Hawaii Hilo, Hawaii 96720 Section 47C-3, Hawaii Revised Statutes, requires that a supplemental summary of the indebtedness of the County be prepared as of a date within 30 days of the delivery of a new bond issue. The scheduled closing of$98,825,000 in General Obligation Bonds, Series A, B, and C on February 12, 2013 requires preparation of this report. Assuming a successful closing, the enclosed summary as of February 15, 2013 is submitted for your review and concurrence. In accordance with Hawaii Revised Statutes, Section 47C-5, the attached tabular summary requires concurrence from both the Chairman of the Finance Committee and the Corporation Counsel. If you concur with this summary, please sign and return the original of this letter and keep the copy for your files. If you disagree with any item, please indicate the item of disagreement and your reasons therefor. After receiving your responses, I shall transmit the summary and your responses to the County Council for its action. Thank you very much for your prompt attention to this matter. Please call me if you have any questions. Nancy E. Crawford Director of Finance Encl. oncur! o not concur with the tabular summary of the net funded debt of the County of Hawaii as of February 15, 2013. Reasons for non-concurrence: .7e4ef.,) Chairperson, Finance Committee County Council, County of Hawaii Date: O2' - 07- 7o13 County of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to USDA,Director,Office of Civil Rights,Washington,DC 20250-9410 Or call(202)720-5964(Voice and TDD) William Mayor Kenoi �J_,,,,Of tip ' Nancy E. Crawford , / Director y / " �d l4• '. .,�..'� . Deanna S. Sako ' :' ' '•• Deputy Director County of Hawai'i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961-8234 • (808) 961-8569 (FAX) February 6, 2013 Mr. Lincoln Ashida Corporation Counsel County of Hawai'i 333 Kilauea Ave., Second Floor Hilo, Hawaii 96720 Section 47C-3, Hawaii Revised Statutes, requires that a supplemental summary of the indebtedness of the County be prepared as of a date within 30 days of the delivery of a new bond issue. The scheduled closing of the $98,825,000 General Obligation Bonds, 2013 Series A, B & C on February 12, 2013 requires preparation of this report. Assuming a successful closing, the enclosed summary as of February 15, 2013 is submitted for your review and concurrence In accordance with Hawaii Revised Statutes, Section 47-C, the attached tabular summary requires concurrence from both the Chairman of the Finance Committee and the Corporation Counsel. If you concur with this summary, please sign and return the original of this letter and keep the copy for your files. If you disagree with any item, please indicate the item of disagreement and your reasons therefore. After receiving your responses, I shall transmit the summary and your responses to the County Council for its action. Thank you very much for your prompt attention to this matter. Please call me if you have any questions. V4-1— i‘ Nancy Crawford Director of Finance Encl. I one /do not concur with the tabular summary of the net funded debt of the County of Hawaii as of February 15, 2013. Reasons for non-concurrence: COY14 -: Date: Corporation Counsel County of Hawaii County of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to: USDA,Director,Office of Civil Rights,Washington,DC 20250-9410 Or call(202)720-5964(Voice and TDD) COUNTY OF HAWAII Statement of Funded Debt February 15, 2013 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds/ $ 361,119,762 Notes (Schedule A) c. State Revolving Fund Loans $ 17,508,367 (Schedule B) Grand Total of Debt Outstanding & Unpaid $ 378,628,129 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 6,782,353 in fiscal year 2012-13 (Schedule A) b. State Revolving Fund principal $ 293,434 maturing in fiscal year 2012-13 (Schedule B) c. General Obligation Bonds $ 40,179,835 Reimbursable by the County Department of Water Supply (Schedule C) d. General Obligation Bonds $ 1,354,626 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule D) e. General Obligation Bonds $ 811,820 Reimbursable by the Office of Housing & Community Development (Schedule E) Total Exclusions $ 49,422,068 Net Funded Debt of the County of Hawaii $ 329,206,061 February 15, 2013 SUPPORTING SCHEDULES Statement of Funded Debt as of February 15, 2013 (Based on Records in Finance Department) Schedule A County General Obligation Principal Amount General Obligation Bonds/Notes: Outstanding Bonds Maturing in Date of Issue February 15, 2013 FY 2012-13 May 1, 1993 $ 6,780,000 $ 6,780,000 April 16, 2003 1,795,000 - September 8, 2004 10,940,000 - October 20, 2004 232,192 - February 23, 2006 39,650,000 - January 30, 2007 97,965,000 - April 28, 2008 142,570 2,353 December 10, 2008 44,790,000 - July 28, 2010 60,000,000 - February 12, 2013 98,825,000 - Total County General Obligation Bonds $ 361,119,762 $ 6,782,353 Schedule B Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in FY 2012-13 Waiakea Mill Pond Sewer 162,007 80,003 Kealakehe Effluent Disposal 81,854 - HI Cty Cesspool Conversion 6,177,605 213,431 Queen Liliuokalani LCC Repl 8,427,367 - Honokaa LCC Repl 2,659,534 - $ 17,508,367 $ 293,434 SUPPORTING SCHEDULES Statement of Funded Debt as of February 15, 2013 (Based on Records in Finance Department) Schedule C General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 $ 835,000 Sept 8, 2004 95,836 Oct 20, 2004 232,192 Feb. 23, 2006 19,825,000 Jan. 30, 2007 4,886,590 April 28, 2008 142,570 July 28, 2010 15,000,000 41,017,188 Less Amount Already Excluded in item 2a (837,353) $ 40,179,835 Schedule D Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Wonderview Subdivision lot owners. $ 1,374,931 Less Amount Already Excluded in item 2a (20,305) $ 1,354,626 Schedule E Principal Amount Outstanding General Obligation Bonds Reimbursable by Office of Housing & Community Development (KEHP) $ 835,108 Less Amount Already Excluded in item 2a (23,288) $ 811,820