Chapter 35 Business Improvement Districts

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§ 35-46 HAWAII COUNTY CODE (b) The council shall not approve an ordinance terminating a district: (1) Unless provisions are included to assure the payment of all outstanding debt service on any bonds issued to finance improvements within the district from the assessments or accumulated reserves of the district or as council otherwise deems necessary; and (2) Unless provisions are included to assure the payment of all outstanding incidental expenses and supplemental services expenses accrued for the district from the assessments or accumulated reserves of the district or as council otherwise deems necessary. (2004, ord 04-94, sec 1.) Section 35-47. Contents of proposed ordinance terminating the district. A proposed ordinance terminating the district shall do all of the following: (1) State the name of the district; (2) Describe the boundaries of the district; (3) Identify the proposed termination date of the district; (4) Give a narrative justification for the proposed termination; (5) With respect to bonds issued to finance improvements for the district: (A) Guarantee the payment of the bonds before the termination of the district; or (B) Establish a method by which the bonds will be paid after the termination of the district; (6) With respect to incidental expenses accrued for the district: (A) Guarantee the payment of the incidental expenses before the termination of the district; or (B) Establish a method by which incidental expenses, if any, will be paid after the termination of the district; and (7) With respect to supplemental services expenses accrued for the district: (A) Guarantee the payment of the supplemental services expenses before the termination of the district; or (B) Establish a method by which supplemental service expenses, if any, will be paid after the termination of the district. (2004, ord 04-94, sec 1.) Section 35-48. Notice of hearing on proposed ordinance terminating the district. (a) The council shall fix the time and place for a hearing on the proposed ordinance terminating the district. The date of the hearing shall not be less than thirty or more than ninety days from the date of introduction of the proposed ordinance. (b) The County clerk shall publish notice of the hearing in the same manner as required under section 35-12 for notice of a hearing to institute proceedings. In addition, the County clerk shall mail the notice to each owner of land assessed in the district at least fifteen days before the hearing. 35-20