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.:JNtY Os ,� . <br /> Harry Kim �' '�. Deanna S. Sako <br /> Mayor Director <br /> i <br /> am • <br /> . %,', : <br /> -= *r r Steven A. Hunt <br /> .15;t4 Deputy Director <br /> 1TE OF•N's <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 /> C-I <br /> May 15, 2019 CD C7 <br /> C— <br /> t..) <br /> Aaron Chung, Council Chair and <br /> Members of the Hawai`i County Council <br /> Hawai`i County Council <br /> 25 Aupuni Street <br /> Hilo, Hawaii 96720 <br /> a) =- <br /> Re: Wastewater Improvement Project <br /> Enclosed is a bill for an ordinance authorizing the Mayor to enter into an intergovernmental agreement <br /> for a State Water Pollution Control Revolving Fund Loan (SRF) of$37,000,000 and authorizing the <br /> issuance of general obligation bonds for the purpose of financing the following projects: <br /> Pahala Wastewater Collection System $15,000,000 <br /> Pahala Large Capacity Cesspool Conversion $22,000,000 <br /> Pursuant to the County Procedures Manual for Participation in the Hawai`i State Revolving Fund Loan <br /> Program, prepared by the Wastewater Branch of the Hawai`i Department of Health in April 1994, part <br /> of the loan application process requires a"resolution or ordinance passed by the County Council which <br /> authorizes the SRF loan application and identifies the dedicated source(s) of revenue (i.e., general <br /> obligation bonds),which will fund the project and repayment of the loan with interest." The Council's <br /> authorization of the issuance of general obligation bonds will serve as a pledge of its general obligation <br /> authority as security for 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 981-8179. <br /> • <br /> Deanna S. Sako <br /> Director of Finance - <br /> Enc. <br /> c: Environmental Management <br /> <51 ‘1 ) <br /> Comm. No. <br /> 30 <br /> Ref.To: FC _ <br /> Hawaii County is an Equal Opportunity Provider and Employer Ref. date MAY 1 6 2019 <br />