RES 264 Draft 01 2012-2014 - Laserfiche WebLink

Home

WHEREAS, pursuant to a Letter of Conditions dated August 13, 2013 (the "USDA Letter of Conditions"), from the Hawaii State Office of USDA Rural Development, the USDA has indicated that DEM's application for up to $4,024,800.00 of RUS grant funds and $2,437,000.00 of RUS loan funds for the Improvement District is being considered b y the USDA, subject to the conditions specified therein; and WHEREAS, the total amount of RUS grant and loan funds is sufficient to pay the estimated cost of the proposed Improvement District (as further discussed herein) and, in view of the potential benefits of such funding, DEM is proceeding with the actions necessary to satisfy the conditions specified in the USDA Letter of Conditions in order to obtain a firm commitment of the RUS grant and loan funds for the Improvement District; now, therefore, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that upon consideration of the community interest expressed for the proposed Improvement District, the findings, conclusions and recommendations set forth in the Director's Report, and the potential benefits of the available RUS grant and loan funds, the Council has determined to proceed with further actions regarding the potential establishment and funding of the Improvement District. BE IT FURTHER RESOLVED that pursuant to Section 12-10(c) of the Hawai'i County Code, it proposes the making of the improvement described herein based on the following: 1. Certain Findings and Determinations. The Council hereby ratifies and confirms Resolution No. 120-11, Draft 2, approves and adopts the findings, conclusions and recommendations specified in the Director's Report (Communication No. 492.1) dated December 11, 2013, and adopts and incorporates by reference, the surveys, plans, maps, and other data reported in the Director's Report. Without limiting the generality of the foregoing, the Council concurs with the findings and conclusions specified in the Director's Report to the effect that the establi shment of the Improvement District will provide significant benefits to the health, safety, and welfare of the residents of the Subdivision, including: 2