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Financin_e Throuah Bonds. The County intends to issue general obligation boto finance
<br />all or a portion of the net project costs of the Special Improvements. As., sess is
<br />collected by the County will be used to pay or reimburse the County for paymeiks of,
<br />principal and interest on such bonds and /or costs not financed by the bonds. '
<br />Prepayment Options. Unless paid in full, assessments will be payable in quarterly
<br />installments sufficient to meet the principal and interest requirements for the County's
<br />general obligation bonds issued for the Improvement District until they mature. A
<br />property owner's assessment may be paid to the Director of Finance in full, without
<br />additional charges, at any time within 30 days after the date of the last publication of the
<br />ordinance to set the Improvement District assessments. After this 30 -day period, ,
<br />property owners will also be permitted to prepay the unpaid balance of their assessments
<br />In full, plus a 3% premium on the amount to be prepaid (unless waived) and interest at the
<br />rate on the bonds until they can be redeemed with the assessmt gdeymg
<br />2. Date, Time and Mee of Public Hearing
<br />A Public Hearing will beheld before the Hawaii County Council on Tuesday,
<br />November 18, 2014, at 6..00 p.m, in the Council Chambers at the West Hawaii Civic
<br />Center, Building A, 74 -5044 Ane Keohokalole Highway, Kailua -Kona, Hawai''i, to consider
<br />the matter of the improvement District.
<br />Notice is hereby given that pursuant to Section 92 -3.5. Hawaii Revised Statutes, the
<br />Hawaii County Council will be conducting this public hearing via videoconference.
<br />Council Member(s) may be present at the following locations: County Council Room,
<br />Hawaii County Building, 25 Aupuni Street, First Floor, Room 1401; and Kona Council Room,
<br />,West Hawaii Civic Center, 74 -5044 Ane Keohokalole Highway, Building A. Public
<br />attendance via videoconference is available at the locations above. If audio stream
<br />between Kona and Hilo is lost for more than a short period of time, the meeting will be
<br />terminated in the event Council Members participate from both locations.
<br />All, interested persons are invited to attend, and they shall be afforded the opportunity to
<br />be heard. -The meeting place is accessible for persons with disabilities. Persons who
<br />need special accommodations for this public hearing should call 961 =8255 by
<br />November 13, 2014 . Relay Users please call 711(961 -8255) to contact our office.
<br />3. Testimony, Protests and Objections
<br />At the Public Hearing to be held on November 18, 2014, the testimony of all owners of
<br />assessment units and other interested parties shall be heard with respect to the
<br />proposed Improvement District and the information, findings and determinations in
<br />Resolution No. 264 -14 and the Director's Report as amended by Resolution 519 -14 and the
<br />Amendment to Director's Report, respectively, including testimony for or against the
<br />establishment of the Improvement District, the extent of the Improvement. District, and
<br />levy of the special assessment. This Public Notice hereby advises all owners and
<br />other Interested parties that, In accordance with Section 12 -10(e), Hawaii County
<br />Code, a protest against making all or part of the proposed improvements or
<br />against the methods by which such assessments are to be made, or the inclusion
<br />of certain costs therein must be submitted in writing to be considered by the
<br />Council. Such written protests or objections may be mailed to: County Clerk, County of
<br />Hawai'i, 25 Aupuni Street, Hilo, Hawaii 96720, prior to the Public Hearing, or such written
<br />protest may be submitted in person at the date and time of the Public Hearing. The
<br />County Clerk will not accept any mailed protests that are postmarked after November 18,
<br />2014, or protests submitted in person after adjournment of the Public Hearing.
<br />Unless fifty percent (50 %) or more of the owners of assessment units file written protests
<br />at or before the Public Hearing against making all or part of the assessments, or part of
<br />the proposed improvements, or against the methods by which such assessments are to
<br />be made, or the Inclusion of certain costs therein, the County Council may proceed to
<br />establish the Improvement District and levy assessments by ordinance.
<br />4. Availability of Documents
<br />Copies of the Director's Report and the Amendment to Director's Report (including the
<br />respective Exhibits thereto) are available for inspection at the offices of the Department
<br />of Environmental Management during regular business hours (between 8:00 a.m. and 4:00
<br />P.M. Monday through Friday, except holidays) at any time prior to and including the date
<br />Oof -the Public Hearing. Such offices are 345 Kek0an0o'a St., Suite 41, Hilo, HI 96720, and
<br />74 -5044 Ane Keohokalole Highway, Bldg. D, Kailua- Kona, HI 96740.
<br />Copies of Resolution No. 264 -14 and Resolution No. 519 -14, together with the Director's
<br />Report and the Amendment to Director's Report, are available for inspection during
<br />regular business hours (8:00 a.m. to 4:00 p.m., Monday through Friday, except holidays) at:
<br />(1) the Office of the County Clerk, Hawaii County Building, 25.Aupuni Street, Hilo, Hawaii;
<br />(2) the West Hawaii Civic Center, Building A, 74 -5044 Ane Keohokalole Highway, Kailua -
<br />Kona, Hawaii; and (3) the Office of the Mayor, West Hawaii Civic Center, Building'C,
<br />4 -5044 Ane Keohokalole Highway, Kailua -Kona, Hawaii. The Resolution and attached
<br />documents can also be reviewed on the County's website at the following link:
<br />http*//records.co.hawaii.hi.us/Weblink8/doc/802223/Pagel.aspx.
<br />BY AUTHORITY OF THE HAWAII COUNTY COUNCIL
<br />COUNTY CLERK
<br />Hawaii County is an Equal Opportunity Provider and'Em 1
<br />(346461 Hawaii Tribune - Herald: October 28,31; November 3, 6, 2014) P _Dyer.
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