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BRENDA J. FORD J~tY Oi............. <br /> Council Member . " „y; Phone: (808) 323-4277 <br /> District 6 - Portion of N. Kona, =i%"_ . Fax (808) 329- 4786 <br /> South Kona, Ka`u, & the Greater ?; �::�,� <br /> Volcano Area • �'`°F,"''' E-Mail: bford @co.hawaii.hi.us <br /> HAWAII COUNTY COUNCIL <br /> County of Hawaii <br /> West Hawaii Civic Center <br /> 74-5044 Ane Keohokalole Hwy. <br /> • <br /> Kailua-Kona, Hawaii 96740 <br /> DATE: November 27, 2013 <br /> TO: J Yoshimoto, Chairperson, <br /> And Members of the Hawai`i County Council °` — <br /> FROM: 40i renda J. Ford, Council Member <br /> SUBJECT: Proposed Amendments Bill No. 156; An Ordinance Authorizing the Issuance of <br /> General Obligation Bonds of the County of Hawai`i for the Purpose of Funding all or a <br /> Portion of the Costs of Various Public Improvement Projects; Fixing the Form, <br /> Denominations, and Certain Other Details of Such Bonds and Providing for Their Sale <br /> to the Public; and Authorizing the Taking of Other Actions Relating to the Issuance and <br /> Sale of the Bonds <br /> Please find attached proposed amendments to Bill No. 156. The proposed amendments are illustrated <br /> below in Ramseyer format (material to be deleted is bracketed and stricken through; material to be <br /> added in underlined; all bolded for emphasis only). <br /> 1. Bill No. 156 is amended by amending Section 1 to read as follows: <br /> "SECTION 1. Findings and Determinations. The County Council hereby determines <br /> sale and delivery of general obligation bonds of the County in an aggregate principal amount not to <br /> exceed 1$61,00(4001 $61,494,010 (the"Bonds") for the purpose of funding all or a portion of the costs of <br /> the County Projects referred to in Section 2 hereof." <br /> 2. Bill No. 156 is amended by amending Section 2 to read as follows: <br /> "SECTION 2. Authorization of Bonds. There are hereby authorized for issuance and sale, <br /> in one or more series, Bonds of the County, in an aggregate principal amount not to exceed [$61,000;000;] <br /> $61,494,010, for the purpose of funding all or a portion of the costs (including costs of issuance of the <br /> Bonds) of the public improvement projects authorized and set forth in Exhibit A." <br /> Comm. No., <br /> Serving the Interests of the People of Our Island Ref.To: (FL <br /> Ref. Dote. DEC ll lUi3 <br /> Hawai`i County Is An Equal Opportunity Provider And Employer <br />