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Mitchell D.Roth " Deanna S. Sako <br /> Mayor , ', Director <br /> • <br /> -moor. Diane Nakagawa <br /> •o._ Deputy Director <br /> ►'�:„ire:°r�` - <br /> County of Hawaii <br /> Finance Department <br /> 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 o <br /> (808)961-8234 • Fax(808)961-8569 "•'' <br /> November 7, 2022 <br /> Maile Medeiros David, Council Chair and <br /> Members of the Hawaii County Council <br /> Hawai`i County Council `sa <br /> 25 Aupuni Street „ <br /> Hilo, Hawaii 96720 <br /> Re: A resolution approving the issuance of special tax revenue bonds for the County's <br /> Community Facilities District No. 1-2021 (Kaloko Heights Project); authorizing the <br /> application of the proceeds of the bonds, together with certain other available funds, <br /> to fund the costs of certain facilities relating to such district; approving the forms of <br /> the indenture, preliminary official statement, bond purchase agreement and <br /> continuing disclosure agreements relating to the bonds; and authorizing the taking of <br /> further actions relating to the bonds and the district <br /> On October 7, 2021, Ordinance No. 21-67 established a community facilities district, <br /> designated as the "County of Hawaii Community Facilities District No. 1-2021 (Kaloko <br /> Heights Project) for the purpose of financing the acquisition and construction of certain <br /> special improvements and authorized the levy of a special tax on properties within the <br /> District. Pursuant to Ordinance No. 22-33 the County has authorized the issuance of one <br /> or more series of special tax revenue bonds to fund costs associated with the District <br /> Improvements. <br /> Enclosed is a resolution authorizing the issuance and sale of up to $14,425,000 aggregate <br /> principal amount of Series 2022 Bonds, authorizing the application of the proceeds of the <br /> bonds,together with certain other available funds, to fund the costs of certain facilities <br /> relating to such district; approving the forms of the indenture, preliminary official <br /> statement, bond purchase agreement and continuing disclosure agreements relating to the <br /> bonds; and authorizing the taking of further actions relating to the bonds and the district. <br /> Also, included attachments to this communication are the following: <br /> • Kaloko Heights Bond Indenture <br /> • Preliminary Limited Offering Memorandum <br /> • Bond Purchase Agreement <br /> • County Continuing Disclosure Agreement <br /> • Property Owner Continuing Disclosure Agreement <br /> p.� Comm. No. <br /> ` 1• <br /> <Rts . (AlUV-2") Ref. To: Wu l (' <br /> - 7 2022 <br /> Ha County is an Equal Opportunity Employer and ProviderRef. Date NOV <br />