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Harry Kim •"o0+t�°i•".�y� Deanna S. Sako Mayor : �,�Ji,! Director +:Alm 't7i:ft 1* r.re OF M,'.•- Cli C.-) C County of Hawaii co cp Finance Department n 25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720 113 =f— (808)961-8234 • Fax(808)961-8569 October 18, 2017 `f Valerie Poindexter, Council Chair and Members of the Hawai`i County Council Hawai`i County Council 25 Aupuni Street Hilo, Hawai`i 96720 Re: Resolution to adopt USDA Form Resolution 1780-27 The County of Hawai`i proposes to issue its general obligation bonds to evidence its repayment obligations for a loan to be obtained from the United States of America, acting through the United States Department of Agriculture, Rural Utilities Service ("USDA"), in an amount not to exceed $2,437,000. These bonds are to fund a portion of the costs of certain public sewer system improvements for the Lono Kona Subdivision, in North Kona, Hawai`i. Enclosed is a resolution requesting the Council to authorize the adoption of USDA Form Resolution 1780-27 providing for a USDA loan to finance the improvements indicated above. Time is of the essence regarding this and the accompanying resolution and bill. We therefore ask that a breach be authorized to submit this resolution after the October 16, 2017 submission deadline, and to waive it-from the Finance Committee in order to be placed on the November 2, 2017 Council agenda. We also request that the five-day hold be waived in order to further expedite this resolution. If there are any questions, please do not hesitate to call Robin Bauman of the Department of Environmental Management at 961-8179. Deanna S. Sako Director of Finance Enc. c: Environmental Management Comm.No, GJ `J 55 Ref.To; COG b ( Ui I Fr) <? e r. 377- 17, Ref.Date 1 A1l1 Hawaii County is an Equal Opportunity Employer and Provider