HomeMy WebLinkAboutORD 2022-125 2020-2022 .J♦tYOFH�,' '
COUNTY OF HAWAII •; 0 }- STATE OF HAWAII
-------------------
BILL
FN-' BILL NO. 225
ORDINANCE NO. 22 125
AN ORDINANCE AUTHORIZING THE MAYOR OF THE COUNTY OF
HAWAII TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT FOR
A STATE WATER POLLUTION CONTROL REVOLVING FUND LOAN FOR
WASTEWATER PUBLIC IMPROVEMENT PROJECTS; AND AUTHORIZING
THE ISSUANCE OF $17,000,000 GENERAL OBLIGATION BONDS OF THE
COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING QUALIFIED
WASTEWATER PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII
BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAI`l:
SECTION 1. Request for Loan. The County of Hawaii, pursuant to Section 342D-
54, Hawaii Revised Statutes, will be submitting an application for a State Water Pollution
Control RevolvingFund Loan (SRF Loan) to the Director of the Department of Health,
p
State of Hawaii, to finance the Wastewater project listed in "Exhibit A".
Under the terms and conditions anticipated with regard to such SRF loan, the
County shall repay, over a term of twenty years, the principal amount, which shall not
exceed $17,000,000, at a fixed rate of interest which shall not exceed the Bond Buyer's
20-year generalobligation obli ation bond issue.
SECTION 2. Authorization of Mayor. The Council hereby authorizes the Mayor to
execute all necessary intergovernmental agreements and documents between the State
of Hawaii and the County of Hawaii, relating to the SRF to finance the Wastewater
project listed in "Exhibit A".
SECTION 3. Pledge of the County's full faith and credit. The County also pledges
its full faith and credit including but not limited to the County's general taxing power, as
security for repayment of the loan, payment of interest, payment of any loan fees, and
including a covenant to exercise the County's authority as needed. The principal and
interest payments, and any loan fee payments, shall be a first charge on the General
Fund of the County.
SECTION 4. Effective Date. This Ordinance shall take effect upon its approval.
Introduced By:
*ic
COUNCIL MEM:'; R, COQ NTY OF HAWAII
Kona , Hawai`i
Date of Introduction: November 2, 2022
Date of 1St Reading: November 2, 2022
Date of 2nd Reading: November 16, 2022
Effective Date: December 5, 2022
1040
REFERENCE Comm.
EXHIBIT A
WASTEWATER PROJECT (SRF FUNDED)
Project Amount
Department of Environmental Management:
Hilo VVVVTP Upgrades $17,000,000
OFFICE OF THE COUNTY CLERK
County of Hawaii u T 1. �s is [l�� ��3a I:
Kona, Hawai`i
2117. DEC -5 FM =
Introduced By: Matt Kaneali'i-Kleinfelder (B/R) ROLL CALL VOTE
Date Introduced: November 2, 2022 AYES NOES ABS EX
First Reading: November 2, 2022 Chung X
Published: November 11, 2022 David X
Inaba X
REMARKS: Kaneali'i-Kleinfelder X
Kierkiewicz X
Kimball X
Lee Loy X
Richards X
Villegas X
Second Reading: November 16, 2022 8 0 1 0
To Mayor: November 25, 2022
Returned: December 5, 2022 ROLL CALL VOTE
Effective: December 5, 2022
Published: December 23, 2022 AYES NOES ABS EX
Chung X
REMARKS. David X
Inaba X
Kaneali'i-Kleinfelder X
Kierkiewicz X
Kimball X
Lee Loy X
Richards
Villegas X
6 0 2 0
I DO HEREBY CERTIFY that the foregoing BILL was adopted by the County Council published as
indicated above.
t41=1,
-141COU 'AIRPE
.prove%Disapproved this day
ofC� e �ed 20 �-.
, COUNTY CLERK
•- 225
Bill No.:
MAYOR, COUNTY OFHAWAI`I C-1040/FC-223
Reference:
Ord No.: 22 125