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o+`."•��~�'•'+,'•. Sako <br /> S.Deanna <br /> William P. Kenoi -` ���%re S. <br /> Mayor • ctor <br /> *:p�..�.: , i+• <br /> • 4 • <br /> -� • Lisa K.Miura <br /> +•? ;.••�� Deputy Director <br /> • <br /> '44.OF•N►'•M <br /> County of Hawaii <br /> Finance Department <br /> 25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720 <br /> (808)961-8234 • Fax(808)961-8569 <br /> April 15, 2016 _' ' <br /> Dru Kanuha, Council Chair and <br /> Members of the Hawai`i County Council <br /> Hawaii County Council <br /> 25 Aupuni Street <br /> Hilo, Hawai`i 96720 c:7 _ _ <br /> N) <br /> Re: Wastewater Improvement Project - <br /> Enclosed is a bill for an ordinance authorizing the Mayor to enter into an intergovernmental <br /> agreement for a State Water Pollution Control Revolving Fund Loan (SRF) of$68,000,000 and <br /> authorizing the issuance of general obligation bonds for the purpose of financing the following <br /> projects: <br /> Kealakehe Wastewater Treatment Plant R-1 Upgrade $54,000,000 <br /> Pua Force Main Installation and Rehabilitation $14,000,000 <br /> $68,000,000 <br /> Pursuant to the County Procedures Manual for Participation in the Hawaii State Revolving Fund <br /> Loan Program, prepared by the Wastewater Branch of the Hawai`i Department of Health in April <br /> 1994, part of the loan application process requires a"resolution or ordinance passed by the County <br /> Council which authorizes the SRF loan application and identifies the dedicated source(s) of revenue <br /> (i.e., general obligation bonds) which will fund the project and repayment of the loan with interest." <br /> The Council's authorization of the issuance of general obligation bonds will serve as a pledge of its <br /> general obligation authority as security for repayment of the loan and interest. <br /> We request that this bill be waived from committee and be placed on the May 4, 2016 Council <br /> agenda in order to expedite this project. If there are any questions, please do not hesitate to call <br /> Robin Bauman of the Department of Environmental Management at 981-8179. <br /> Deanna S. Sako <br /> Director of Finance <br /> Enc. <br /> cc: Environmental Management �� l <br /> Comm. No. <br /> Ref. to: 6 COM <br /> Ref. Date <br /> Hawaii County is an Equal Opportunity Provider and Employer <br />