ORD 2020-027 2018-2020 - Laserfiche WebLink

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Of y,'• \Jtlilir•. COUNTY OF HAWAII * �:•tt;,'%r=t STATE OF HAWAII • '•, tf�; NOF•�?fir• •'• Tf H�' BILL NO. , 145 (DRAFT 2) ORDINANCE NO. 20 27 AN ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE COUNTY OF HAWAII FOR THE PURPOSE OF FUNDING ALL OR A PORTION OF THE COSTS OF VARIOUS IMPROVEMENT PROJECTS; FIXING THE FORM,DENOMINATIONS, D AND PROVIDING FOR THEIR SALE TO AND CERTAIN OTHER DETAILS OF SUCH BONDS THE PUBLIC; AND AUTHORIZING THE TAKING OF OTHER ACTIONS RELATING TO THE ISSUANCE AND SALE OF THE BONDS. BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: SECTION 1. Findings and Determinations. The County Council hereby determines and finds that the issuance, sale and delivery of general obligation bonds of the County in an aggregate principal amount not to exceed$103,000,000 (the"Bonds")for the purpose of funding all or a portion of the costs of the County Projects referred to in Section 2 hereof. SECTION 2. Authorization of Bonds. There are hereby authorized for issuance and sale, in one or more series,Bonds of the County, in an aggregate principal amount not to exceed$103,000,000,for the purpose of funding all or a portion of the costs (including costs of issuance of the Bonds) of public improvement projects of the County(collectively,the"Projects")authorized under Ordinance 19-74,being the capital budget ordinance of the County for the fiscal year ending June 30,2020,as heretofore or hereafter amended from time to time, or under the capital budget ordinance of the County for any prior or subsequent fiscal year,provided that funds derived from bonds issued pursuant to this ordinance shall be utilized to include,but are not limited to,funding for the following projects: • Ane Keohokalole Highway Phase III—Hina Lani Street to Kaiminani Drive; • Puna Connectivity and Emergency Access Routes(shall not include any projects specifically related to the Mass Transit Agency) • Paniolo Avenue Rehabilitation/Waikoloa Intersection Construction; • Kawili Street Shoulder Improvements; • Mamalahoa Highway Resurfacing—Hohola Drive to Kekehau Street;