RES 519 Draft 01 2012-2014 - Laserfiche WebLink

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Council Chair J Yoshimoto and Hawaii County Council Members September 8, 2014 Page 3 • The Proposed Assessment Roll is hereby amended and replaced in its entirety by the Revised Assessment Roll included in Exhibit A hereto (the"Revised Assessment Roll"); • Although the total number of assessment units remain unchanged at 145 units, the total number of SFEs apportioned among the assessment units within the Improvement District is determined to be 268.1 (amended from 247), as set forth in the Revised Assessment Roll; • The assessments will be fixed at $9,090 per SFE (amended from $9,868 per SFE), representing net cost of the Improvements (which remain unchanged at $2,437,000) divided by 268.1 SFEs, as set forth on Table 1 included in Exhibit A hereto;and • The assessments, if paid in annual installments over the term to maturity of the Bonds, including annual debt service and administrative costs, will equal $498 annually per SFE (amended from$541), as set forth on Table 2 included in Exhibit A hereto. • Pursuant to HRS §46-74.1, §46-74.2, and County Code §12-5, the assessments for 10 properties owned by qualifying nonprofits will be paid for by the County. The total cost is $294,525.56 ($16,134.10 annually) for 32.4 SFEs. Should you have any questions or require any additional information,please contact Ms. Dora Beck, P.E.,Wastewater Division Chief at 961-8513 or dbeck @co.hawaii.hi.us. Sincerely, 43/i t-C BJ Leithead odd DIRECTOR Attachment: Exhibit A (Revised Assessment Roll, Table 1—Fixed Assessment Calculation, Table 2-Annual Assessment per SFE) cc: Billy Kenoi, Mayor Wally Lau, Managing Director Randy Kurohara, Deputy Managing Director Dora Beck,P.E., WWD Chief County of Hawai'i is an Equal Opportunity Provider and Employer.