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Home My WebLink AboutCOM 0441.001 1998-2000 oJNrr of M,k Stephen K. Yamashiro - ~~L~i~t Harry A. Takahashi Mayor L• Direotor ,er~'<. ,..q!~~ ° ~ ~ . i b' . _ I_~ S. K. Schulte rE ap'p' N~' Depufy '99 SEP 13 Ail 11 58 ~ountp of ~ab~aii . , L , ~ DEPARTMENT OF FINANC~Uf~ l i Gi H;1)N,-'111 25 Aupuni Street, Room 118 Hilo, Hawaii 96720-0252 (808)961-8239 Fax (808)961-8248 September 14, 1999 The Honorable James Y. Arakaki, Chairman and Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Arakaki: In accordance with Section 47C-3, Hawaii Revised Statutes, I certify that the enclosed supplemental summary of indebtedness of the County of Hawaii as of September 14, 1999 is correct. The closing of the $30,000,000 1999 Series A and $18,940,000 1999B Refunding Series B on September 14, 1999 requires preparation of this report and is included in this report. Concurrence to the supplemental summary of the Chairman of the Finance Committee and the Corporation Counsel are also attached. Very truly yours, Harry Tak hashi Direct r of Finance Encls. Comm: No. 'T 7`~~~Q~~ File No. FND/B/YO Ref. To: F C Ref. Date ~ 1 3 1999 vv OF„ 4oJd,...... ,w1 Stephen K. Yamashiro ; ~~L/;•; Harry A. Takahashi Mayor Director v.-o,• , : S. K. Schulte 1'r , 4~ YO,~~ E pp N' Dryuty ~ountp of ~abnaii DEPARTMENT OF FINANCE Sep t embe r 14 , 19 9 9 25 Aupuni Sheet, Roam 118 • Hito, Hawaii 96720-4252 (808)961-8234 Fax (808)961-8246 Mr. Aaron S.Y. Chung Chairman, Finance Committee County Council County of Hawaii Hilo, Hawaii 96720 Section 47C-3, Hawaii Revised Statutes, requires that a supplemental summary of the indebtedness of the County be prepared as of a date within 30 days of the delivery of a new bond issue. The enclosed summary as of September 14, 1999 is submitted for your review and concurrence. The closing of the $30,000,000 1999 Series A and $18,940,000 1999B Refunding Series B on September 14, 1999 requires preparation of this report and is included in this report. The attached tabular summary requires concurrences from both the Chairman of the Finance Committee and the Corporation Counsel. If you concur with this summary, please sign and return the original of this letter and keep the copy for your files. If you disagree with any item, please indicate the item of disagreement and your reasons therefor. After receiving your responses, I must transmit the summary and your responses to the County Council for its action. Thank you very much for your prompt attention to this matter. Please call me if you have any questions. ~tiA, /f ~,.I~~C ~-a Harry Tak hashi Director of Finance Encl. I one /do not concur with the tabular summary of the net funded deb of the County of Hawaii as of September 14, 1999. Rea s for non-concurrence, if any: Chairman, Finance Commit ee County Council, County Hawaii Date: I/~~ / I-I ZV OF „ OJ~'~•• ~y1 Stephen K. Yamashiro - \~61,' Harry A. Takahashi Moyor t Director rr: p,• • o,,--.~ S. K. Schutte ~rF ~oF+M~~ Duty ~ouutp of ~a~naii September 14, 1999 DEPARTMENT OF FINANCE 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720-9252 Mr . R i ch a rd Wu rdema n (808)961-8234 • Fax (808)961-8248 Corporation Counsel County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Section 47C-3, Hawaii Revised Statutes, requires that a supplemental summary of the indebtedness of the County be prepared as of a date within 30 days of the delivery of a new bond issue. The enclosed summary as of September 14, 1999 is submitted for your review and concurrence. The closing of the $30,000,000 1999 Series A and $18,940,000 1999B Refunding Series B on September 14, 1999 requires preparation of this report and is included in this report. The attached tabular summary requires concurrences from both the Chairman of the Finance Committee and the Corporation Counsel. If you concur with this summary, please sign and return the original of this letter and keep the copy for your files. If you disagree with any item, please indicate the item of disagreement and your reasons therefor. After receiving your responses, I must transmit the summary and your responses to the County Council for its action. Thank you very much for your prompt attention to this matter. Please call me if you have any questions. Harry Taka ashi Director of F nance Encl. I oncu /do not concur with the tabular summary of the net funded debt of h Cou y o Hawaii as of September 14, 1999. Reas f no on rr e, if any: Corporation Counsel County of Hawaii Date• 9-ix-44 COUNTY OF HAWAII Statement of Funded Debt September 14, 1999 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $ 204,649,950 (Schedule A) b. Special Assessment Bonds $ 11,305,000 (Schedule B) c. Other Indebtedness $ 1,144,127 (Schedule C) d. State Revolving Fund Loans $ 31,438,206 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $ 248,537,283 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 7,980,400 in current fiscal year (Schedule A) b. General Obligation Bonds for $ 47,525,000 which full payment in moneys or securities have been irrevocably set aside (Schedule A) c. Special Assessment Bonds $ 11,305,000 (Schedule B) d. State Revolving Fund principal $ 1,250,081 maturing in current fiscal year (Schedule D) e. General Obligation Bonds $ 11,548,550 Reimbursable by the County Department of Water Supply (Schedule E) Total Exclusions $ 79,609,031 Net Funded Debt of the County of Hawaii at $ 168,928,252 September 14, 1999 SUPPORTING SCHEDULES Statement of Funded Debt as of September 14, 1999 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in July 1, 1999 Current FY a. Advanced-refunded bonds for which full payment irrevocably set aside: May 15, 1978 18,355,000 18,355,000 June 1, 1989 7,375,000 7,375,000 June 1, 1990 21,795,000 21,795,000 Sub-Total 47,525,000 47,525,000 b. Other General Obligation Bonds: June 15, 1977 293,000 17,000 June 1, 1981 523,000 20,000 December 1, 1989 4,600,000 900,000 May 1, 1993 68,720,000 3,460,000 February 1, 1996 28,925,000 1,130,000 March 12, 1996 709,000 28,500 February 25, 1997 3,749,500 135,000 June 4, 1998 665,450 9,900 August 15, 1999 30,000,000 - August 15, 1999 18,940,000 2,280,000 Sub-Total 157,124,950 7,980,400 Total County General Obligation Bonds 204,649,950 55,505,400 4 Schedule B Special Assessment Bonds: Principal Amount Outstanding 8/01/91 Kaloko Subdivision (17) 11,305,000 Schedule D Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) 1,144,127 Schedule D State Revolving Fund Loans: Principal Amount Principal Maturing Outstanding in Current FY Hilo WWT Phase II 9,657,038 584,604 Waiakea Houselot Sewer 2,545,862 21,189 Waiakea Mill Pond Sewer 1,040,700 58,036 Kealakehe Effluent Disposal 1,038,805 57,930 Alii Drive Interceptor A & B 2,325,770 65,746 Ainako InterceptorA & B 1,774,682 51,016 Alii Drive Interceptor C & D 3,210,368 85,243 Kalanianaole Collector Sewer 1,339,819 63,793 Waiaha Bay SPS 3,078,290 73,844 Alii Drive Interceptor E & F 1,684,231 39,865 Holualoa Sewer Pump Station 2,806,712 123,815 Paukaa Community Collector 935,929 25,000 31,438,206 1,250,081 Schedule E General Obligation Bonds Reimburseable by the County Department of Water Supply: June 1, 1981 523,000 December 1, 1989 (Refunding) 2,800,000 May 1, 1993 8,465,000 June 4, 1998 665,450 12,453,450 Less Amount Already Excluded (904,900) 11, 548, 550