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Harry Kim •":'!!, •. Collins Tomei <br /> Mayor •L: 4�44 Director <br /> %+� �' '' '' ' Deanna S. Sako <br /> Deputy Director <br /> - •. <br /> County of Hawaii <br /> Finance Department ® C11 <br /> 25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720 C:)`n <br /> (808)961-8234 • Fax(808)961-8569y• Z C <br /> April 28, 2017 -< <br /> CO CDN <br /> Valerie Poindexter, Council Chair and 7 =m <br /> Members of the Hawai`i County Council 4 . �, <br /> Hawai`i County Council <br /> 25 Aupuni Street <br /> Hilo, Hawai`i 96720 <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$20,000,000 <br /> and authorizing the issuance of general obligation bonds for the purpose of financing the <br /> following project: <br /> South Hilo Sanitary Landfill Final Closure $20,000,000 <br /> Pursuant to the County Procedures Manual for Participation in the Hawai`i State Revolving <br /> Fund Loan Program, prepared by the Wastewater Branch of the Hawaii Department of <br /> Health in April 1994, part of the loan application process requires a"resolution or ordinance <br /> passed by the County Council which authorizes the SRF loan application and identifies the <br /> dedicated source(s) of revenue (i.e., general obligation bonds) which will fund the project and <br /> repayment of the loan with interest." The Council's authorization of the issuance of general <br /> obligation bonds will serve as a pledge of its general obligation authority as security for <br /> repayment of the loan and interest. <br /> If there are any questions,please do not hesitate to call Robin Bauman of the Department of <br /> Environmental Management at 961-8179. <br /> Collins Tomei <br /> Director of Finance <br /> Enc. <br /> cc: Environmental Management Comm No. a,74 <br /> <25t11 3.2.> Ref. To: —Cr <br /> Ref. Date APR 2. 8 2017 <br /> Hawai'i County is an Equal Opportunity Employer and Provider <br />