HomeMy WebLinkAboutBIL 034 Draft 01 2022-2024 1Ji• i
COUNTY OF HAWAII - STATE OF HAWAII
t.
BILL NO. 34
ORDINANCE NO.
AN ORDINANCE AMENDING ORDINANCE NO. 22-125, WHICH AUTHORIZED THE
MAYOR TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT FOR A STATE
WATER POLLUTION CONTROL REVOLVING FUND LOAN FOR WASTEWATER
PUBLIC IMPROVEMENT PROJECTS AND AUTHORIZED THE ISSUANCE OF
$17,000,000 GENERAL OBLIGATION BONDS FOR THE PURPOSE OF FINANCING
QUALIFIED WASTEWATER PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII.
BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII:
SECTION 1. Section 1 of Ordinance No. 22-125 is hereby amended to read as follows:
"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 Revolving Fund Loan (SRF Loan) to the Director of the
Department of Health, State of Hawaii, to finance the Wastewater projects listed in
"[Exhibit A] Exhibit A, Draft 2".
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 general obligation bond issue."
SECTION 2. Section 2 of Ordinance No. 22-125 is hereby amended to read as follows:
"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 projects listed in "[Exhibit A] Exhibit A,
Draft 2."
SECTION 3. Material to be repealed is bracketed and stricken. New material is
underscored.
SECTION 4. The only changes to Ordinance 22-125 are reflected solely in the
separation of the original project into two phases listed in Exhibit A which has been replaced
with a new exhibit labeled as Exhibit A, Draft 2.
SECTION 5. Severability. If any provision of this ordinance, or the application thereof
to any person or circumstance, is held invalid, such invalidity shall not affect other provisions
or applications of the ordinance which can be given effect without the invalid provision or
application, and to this end, the provisions of this ordinance are declared to be severable.
SECTION 6. Effective Date. This ordinance shall take effect upon its approval.
INTRODUCED BY:
COUNCIL MEMBE", COU TY OF HAWAII
, Hawai`i
Date of Introduction:
Date of 1st Reading:
Date of 2nd Reading:
Effective Date:
REFERENCE Comm. 154
[EXHIBIT A] EXHIBIT A, DRAFT 2
WASTEWATER PROJECT (SRF FUNDED)
Project Amount
Department of Environmental Management:
[Hilo VWVTP Upgrades $17,000,000]
Hilo WWTP Rehabilitation and Replacement Project Phase 1 $7,000,000
Hilo WWTP Rehabilitation and Replacement Project Phase 2 $10,000,000