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COUNTY OF HAWAIIqs-'``- STATE OF HAWAII ••��.Oi N+.If__ RESOLUTION NO. 377 17 A RESOLUTION AUTHORIZING THE ADOPTION OF USDA FORM RESOLUTION 1780-27 PROVIDING FOR A UNITED STATES DEPARTMENT OF AGRICULTURE LOAN TO FINANCE CERTAIN PUBLIC SEWER SYSTEM IMPROVEMENTS FOR THE LONO KONA SUBDIVISION, NORTH KONA, HAWAII; AUTHORIZING THE EXECUTION OF AN AGREEMENT WITH THE UNITED STATES OF AMERICA DEPARTMENT OF AGRICULTURE, PURSUANT TO HRS 46-7, FOR A GRANT FOR COSTS OF SUCH PUBLIC SEWER SYSTEM IMPROVEMENTS; AND AUTHORIZING THE MAYOR, THE DIRECTOR OF ENVIRONMENTAL MANAGEMENT, THE DIRECTOR OF FINANCE AND THE CHAIR OF THE COUNTY COUNCIL TO TAKE ALL ACTIONS NECESSARY TO FACILITATE SUCH LOAN AND GRANT WHEREAS, 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 TWO MILLION FOUR HUNDRED THIRTY-SEVEN THOUSAND AND N0/100 DOLLARS ($2,437,000.00), to fund a portion of the costs of certain public sewer system improvements (the "Project") for the Lono Kona Subdivision, North Kona, Hawai`i; and WHEREAS, in connection with such loan, the USDA has offered a grant to fund costs of the Project in an amount not to exceed FOUR MILLION TWENTY-FOUR THOUSAND EIGHT HUNDRED AND NO/100 DOLLARS ($4,024,800.00); and WHEREAS, the USDA requires, as part of the loan, grant and bond closing process for the Project, that a Loan Resolution (RUS BULLETIN 1780-27, LOAN RESOLUTION), or similar resolution, be adopted, and that certain other documents be executed and actions be taken; and WHEREAS, Hawai`i Revised Statutes, Section 46-7, requires that county departments obtain the consent of the County Council to enter into agreements with the federal or state governments respecting action(s) to be taken pursuant to any of the powers granted by law to furnish, expend and receive any funds or other assistance in connection with projects being or undertaken pursuant to those powers; now, therefore BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII, that the Council hereby adopts the USDA Form Loan Resolution (RUS BULLETIN 1780-27, LOAN RESOLUTION) attached as EXHIBIT A to this resolution, including the Certification To Be Executed At Loan Closing.