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Home My WebLink AboutCOM 0308.000 2020-2022 MtY of N,°•. °•i' •''h+' Lee E.Lord �,�,'I�• Managing Director I Mitchell D.Roth *c � l�; ��:* Mayor - ,o_" _� Robert H.Command •.; 5tov `• Den Managing Director • .44;75 - # Deputy g g .auxtf r iif c atuai i ®fftrr of#lE Atutir 25 Aupuni Street,Suite 2603 • Hilo,Hawaii 96720 • (808)961-8211 • Fax(808)961-6553 KONA: 74-5044 Ane Keohokalole Hwy.,Bldg C • Kailua-Kona,Hawaii 96740 (808)323-4444 • Fax(808)323-4440 June 17, 2021 Maile Medeiros David, Council Chair and :, Members of the Hawai`i County Council Hawai`i County Council 25 Aupuni Street Hilo, Hawaii 96720 May 6, 2021 Re: Bill for an Ordinance Authorizing the Issuance of General Obligation Bonds Attached for your consideration is a bill authorizing the issuance of up to $25,500,000 in general obligation bonds for the County of Hawaii for capital improvement projects, which includes cost of issuance of the bonds. These bonds would be issued for the Department of Parks and Recreation's Americans with Disabilities Act (ADA) projects as required by the modified transition plan approved by the U.S. District Court (1:97-CV-01102-RT). There are ten projects remaining to be completed under the agreement. The projects must be completed by 2022. Because the Department of Parks and Recreation will be implementing and investing in the architectural barrier removal scope, it is prudent to address required repair and modification work at the same time to minimize disruption to programs and operations and for cost effective efforts in design, construction, permitting and project management. The ADA portion of the work is approximately $18,750,000 and the non- ADA work is approximately $6,250,000. Our County's debt service capacity has been reviewed to ensure we have the capacity to issue additional bonds up to the requested amount. With this authorization of$25,500,000, our debt service percentage will be approximately 13.1%. This percentage is within our GFOA guideline that debt service expenditures should be below 15% of total expenditures each year. The next meeting with the Court/Judge regarding the modified transition plan will be in August of 2021. We request that this bill be waived from the Finance Committee and be placed on the July 7, 2021 Council agenda due to the time sensitive nature of this matter. If there are any questions, please do not hesitate to call Deanna Sako at 961-8234. Mitchell D. Roth Mayor Comm. No.g Attachment Ref. To: ckunul Wm) ‘` '`%) County of Hawai`i is an Equal Opportunity Provider and Employer. Ref. Date JUN 2 2 2021 Exhibit A ADA Projects to be Completed Papa`aloa Park Pa'auilo Park Kolekole Gulch Park Disappearing Sands Beach Park Richardson Ocean Park NAS Swimming Pool Pahala Swimming Pool Kahuku Park Miloli`i Beach Park South Hilo Base Yard County of Hawaii is an Equal Opportunity Provider and Employer. Y o yQ� AARON S.Y.CHUNG MATT KANEALI I-KLEINFELDER c.. .; " ` • '< MAILS MEDEIROS DAVID Chairperson • �Sd rJ'' HOLEKA GORO INABA *; �* ASHLEY L.KIERKIEWICZ HEATHER L.KIMBALLSUSAN L.K.LEE LOY Vice Chair •sj•; ':� HERBERT M."TIM"RICHARDS,III yr •or•�P,aa REBECCA VILLEGAS I HAWAII COUNTY COUNCIL I County of Hawai`i Hawai`i County Building 25 Aupuni Street fi Hilo,Hawai`i 96720 j I June 18, 2021 Maile Medeiros David, Council Chair Hawaii County Council 25 Aupuni Street Hilo, Hawaii 96720 RE: BILL NO. 48 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, AND CERTAIN OTHER DETAILS OF SUCH BONDS AND PROVIDING FOR THEIR SALE TO THE PUBLIC; AND AUTHORIZING THE TAKING OF OTHER ACTIONS RELATING TO THE ISSUANCE AND SALE OF THE BONDS. Pursuant to Section 2(g) of Rule 4 of the Rules of Procedure of the Council of the County of Hawaii, this written request is submitted with my approval that the above-referenced matter be waived from the Committee on Finance to the full Council for immediate action. In reviewing this matter, timely approval is crucial. It is therefore advantageous that approval is granted and the matter be placed onto the next Council agenda for review. However, in the event this request is denied, for whatever reason, I understand the matter shall be referred to the Committee on Finance for placement on its future agenda. Sincerely, Matt Kdneali`ikajn lder, Chairperson Committee on A roveDate/W ' e to Council: Disapproved/Date/Refer to FC: Maile Medeiros David, Council Chair Maile Medeiros David, Council Chair Hawaii County Council JUN%] 2021 Hawaii County Council MKKIIk Hawai`i County is an Equal Opportunity Provider and Employer