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1.:E..4'6"1--;": -.1:Iii4k.....'i <br /> COUNTY OF HAWAII .- - STATE OF HAWAII <br /> BILL NO. 135 <br /> ORDINANCE NO. 1' 14 <br /> AN ORDINANCE AMENDING ORDINANCE NO. 14-99, WHICH AMENDED ORDINANCE <br /> NO. 13-21, WHICH AUTHORIZED THE MAYOR TO ENTER INTO AN <br /> INTERGOVERNMENTAL AGREEMENT FOR A STATE WATER POLLUTION CONTROL <br /> REVOLVING FUND LOAN FOR WASTEWATER PUBLIC IMPROVEMENT PROJECTS <br /> AND AUTHORIZED THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR THE <br /> PURPOSE OF FINANCING QUALIFIED WASTEWATER PUBLIC IMPROVEMENTS OF <br /> THE COUNTY OF HAWAII. <br /> BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: <br /> SECTION 1. The title of Ordinance No. 14-99 is hereby amended to read as follows: <br /> "AN ORDINANCE AUTHORIZING THE MAYOR OF THE COUNTY OF HAWAII <br /> TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT FOR A STATE <br /> , WATER POLLUTION CONTROL REVOLVING FUND LOAN FOR WASTEWATER <br /> PUBLIC IMPROVEMENT PROJECTS; AND AUTHORIZING THE ISSUANCE OF <br /> ] $23,000,000 GENERAL OBLIGATION BONDS OF THE COUNTY <br /> OF HAWAII FOR THE PURPOSE OF FINANCING QUALIFIED WASTEWATER <br /> PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII" <br /> SECTION 2. Section 1 of Ordinance No. 14-99 is hereby amended to read as follows: <br /> "SECTION 1. Request for Loan. The County of Hawaii, pursuant to Section <br /> 342D-54, Hawaii Revised Statutes, will be submitting an application for a State <br /> Water Pollution Control Revolving Fund Loan (SRF Loan) to the Director of the <br /> Department of Health, State of Hawaii, to finance the construction of the <br /> wastewater project listed in "[Exhibit A, Draft 24 Exhibit A, Draft 3". <br /> "Under the terms and conditions anticipated with regard to such SRF loan, <br /> the County shall repay, over a term of twenty years, the principal amount, which <br /> shall not exceed {$18,000,000] $23,000,000." <br /> SECTION 3. Material to be repealed is bracketed and stricken. New material is <br /> underscored. <br /> SECTION 4. The only changes to Ordinance 14-99 are reflected solely in the monetary <br /> amounts indicated in the Ordinance Title, Section 1, and in Exhibit A, Draft 2 which has been <br /> replaced with a new exhibit labeled as Exhibit A, Draft 3. <br />