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Hawai‘i County Council-27 December 2, 2015 <br /> <br />Bill 117: AMENDS ORDINANCE NO. 15-57, AS AMENDED, THE OPERATING <br />BUDGET FOR THE COUNTY OF HAWAI‘I FOR THE FISCAL YEAR <br />ENDING JUNE 30, 2016 <br />Appropriates revenues in the Federal – HOME Program account ($452,684); and <br />appropriates the same to the Mohouli Heights Senior Neighborhood 2, Hawai‘i <br />Island Community Development Corporation account. Funds would be used by the <br />Office of Housing and Community Development’s HOME Investment Partnerships <br />program to construct the Mohouli Heights Senior Neighborhood Project, Phase II. <br /> <br />Reference: Comm. 572 <br />Intr. by: Ms. Eoff <br />Waived: FC <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Bill 118: AUTHORIZES THE ISSUANCE OF GENERAL OBLIGATION REFUNDING <br />BONDS OF THE COUNTY OF HAWAI‘I FOR THE PURPOSE OF <br />REFUNDING CERTAIN OUTSTANDING GENERAL OBLIGATION BONDS <br />AND NOTES; FIXING THE FORM, DENOMINATIONS, AND CERTAIN <br />OTHER DETAILS OF SUCH REFUNDING BONDS AND PROVIDING <br />FOR THEIR SALE TO THE PUBLIC; PROVIDING FOR THE RETIREMENT <br />OF THE BONDS TO BE REFUNDED; AND AUTHORIZING THE TAKING <br />OF OTHER ACTIONS RELATING TO THE ISSUANCE AND SALE OF THE <br />REFUNDING BONDS AND THE RETIREMENT OF THE BONDS TO BE <br />REFUNDED <br />Authorizes the issuance of general obligation refunding bonds, not to exceed <br />$270,230,000, for the purpose of refinancing outstanding County debt in the form <br />of bonds that were issued at higher interest rates. The bonds and obligations that <br />would be refinanced are listed in the bill. <br /> <br />Reference: Comm. 573 <br />Intr. by: Ms. Eoff <br />Waived: FC <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Page 7 <br /> <br />