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Home My WebLink AboutCOM 0184.000 2022-2024 i �JN-4Y 06 y�� Deanna S. Sako Mitchell D. Roth Director Mayor `^ 4 •N° *� Diane Nakagawa T6 OP°4ZA� 1 Deputy Director County a al(1 Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 (808)961-8234 Fax(808)961-8569 N I r March 21, 2023 3 . 3 i The Honorable Feather Kimball, Chairwoman And Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairwoman Kimball: 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 note/bond issue. The enclosed summary as of March 2, 2023 is submitted for your review and concurrence. The issuance of$13,055,000 Special Tax Revenue Bonds for Community Facilities District No. 1- 2021 (Kaloko Heights Project) on March 2, 2023 requires preparation of this report. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, Deanna S. Sako Director of Finance Encls. Comm. N,6,. Nawai'i County is an Equal Opportunity Employer and Provide ef.To: V'o -. Ref. gate_. MAR 2 8. 2023 4 of Deanna S. Sako Mitchell D.Roth _ Director Mayor c .4 �_- f�;; Diane Nakagawa E ofµr Deputy Director County of I Hawaili Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 (808)961-8234 . Fax(808)961-8569 March 10, 2023 I Ms. Elizabeth Strance Corporation Counsel County of Hawaii 101 Aupuni Street, Unit 325 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 note/bond issue. The enclosed summary as of March 2, 2023 is submitted for your review and concurrence. The issuance of$13,055,000 Special Tax Revenue Bonds for Community Facilities District No. 1- 2021 (Kaloko Heights Project) on March 2, 2023 requires preparation of this report. The attached tabular summary requires concurrence from both the Chairperson 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 therefore. After receiving your responses, I shall 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. Deanna S. Sako Director of Finance Encl. 1 concu o not concur with the tabular summary of the net funded debt of the County of Hawaii as of March 2, 2023. Reasons for non-concurrence: Af a,AA _ Date: 113/lo L3 orporation Counsel County of Hawaii Nawai'i County is an Equal Opportunity Employer and Provider KTv os y,� Mitchell D. Roth ° ° Deanna S. Sako Director Mayor °^ " t'4> of .. Diane Nakagawa Deputy Director County of Iilawai`i Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 (808)961-8234 Fax(808)961-8569 March 10, 2023 3 Councilmember Matt Kaneali`i-Kleinfelder 3 Chair, Committee on Finance Hawaii County Council 25 Aupuni Street Hilo, Hawaii 96720 i t 3�3 i Section 47C-3, Ilawai`i Revised Statutes, requires that a supplemental summary of the I indebtedness of the County be prepared as of a date within 30 days of the delivery of a new note/bond issue. The enclosed summary as of March 2, 2023 is submitted for your review and concurrence. The issuance of$13,055,000 Special Tax Revenue Bonds for Community Facilities District No. 1- 2021 (Kaloko Heights Project) on March 2, 2023 requires j preparation of this report. The attached tabular summary requires concurrence from both the Chairperson 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 therefore. After receiving your responses, I shall transmit the summary and your responses to the County Council for its action. i Thank you very much for your prompt attention to this matter. Please call me if you have any questions. Deanna S. Sako Director of Finance Encl. cone do not concur with the tabular summary of the net funded debt of the County ofai w `i as of Marc 2, 2023. Reasons for non-concurrence: Date: g _ Chairman, Fina ce Committee County Counci County o Hawaii Hawaii County is an Equal Opportunity Employer and Provider COUNTY OF HAWAII Statement of Funded Debt March 2, 2023 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 392,128,148 (Schedule A) b. State Revolving Fund Loans $ 45,101,732 (Schedule B) C. Revenue Bonds $ 13,055,000 (Schedule C) d. Other Indebtedness (Schedule F) $ 12,215 Grand Total of Debt Outstanding & Unpaid $ 450,297,095 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 3,525 in fiscal year 2022-2023 (Schedule A) b. State Revolving Fund principal maturing $ 916,370 in fiscal year 2022-2023 (Schedule B) C. Revenue Bonds $ 13,055,000 (Schedule C) d. General Obligation Bonds $ 17,871,880 Reimbursable by the County Department of Water Supply (Schedule D) e. General Obligation Bonds $ 3,913,658 Reimbursable by ID#18, ID#19 & ID#20 property owners (Schedule E) Total Exclusions $ 35,760,433 Net Funded Debt of the County of Hawaii $ 414,536,662 March 2, 2023 SUPPORTING SCHEDULES Statement of Funded Debt as of March 2, 2023 (Based on Records in Finance Department) Schedule A - General Obligation County General Obligation Principal Amount Bonds Maturing for Bonds/Notes: Outstanding the remainder of Date of Issue March 2, 2023 FY 2022-2023 April 28, 2008 $ 114,155 $ 3,525 February 12, 2013 6,840,000 - September 19, 2013 981,993 - February 18, 2016 161,860,000 - July 6, 2017 112,825,000 - September 29, 2020 A 2,378,000 - September 29, 2020 B 3,609,000 - November 4, 2020 70,915,000 - June 23, 2022 4,105,000 - * October 27, 2022 22,500,000 - * November 1, 2022 6,000,000 - Total County General Obligation Bonds $ 392,128,148 $ 3,525 * Notes Payable Schedule B Principal Maturing Principal Amount for the remainder of State Revolving Fund Loans: Outstanding FY 2022-2023 HI Cty Cesspool Conversion $ 1,584,868 $ - Queen Liliuokalani LCC Repl 3,556,400 - Honokaa LCC Repl 1,600,021 - Kalanianaole AISR-Phase II 3,709,564 - Kealakehe WTPAUSRP 11,085,989 436,904 North Kona Sewer and Effluent Reuse 1,294,705 - Kealakehe WTP R-1 Upgrade 1,530,356 44,210 South Hilo Sanitary Landfill Final Closure 15,167,797 410,559 Kealakehe Scrap Metal Yard Remediation 4,548,401 - Lanihau WW Pump Station Force Main 1,023,631 24,697 $ 45,101,732 $ 916,370 I SUPPORTING SCHEDULES Statement of Funded Debt as of I March 2, 2023 (Based on Records in Finance Department) Schedule C Community Facilities District No. 1-2021 (Kaloko Heights Project) Special Tax Revenue Bonds Principal Amount Revenue Bonds Outstanding Maturing for Date of Issue March 2, 2023 FY 2022-2023 March 2, 2023 13,055,000 - Total County Revenue Bonds $ 13,055,000 $ - I } s 9 1 u SUPPORTING SCHEDULES Statement of Funded Debt as of March 2, 2023 (Based on Records in Finance Department) Schedule D General Obligation Bonds Reimbursable by the County Department of Water Supply: April 28, 2008 $ 114,155 February 18, 2016 $ 10,881,250 November 4, 2020 $ 2,775,000 June 23, 2022 $ 4,105,000 17,875,405 Less Amount Already Excluded in item 2a (3,525) $ 17,871,880 Schedule E Principal Amount Outstanding General Obligation Bonds Reimbursable by tD#18 Kona Coastview & Wonderview Subdivision lot owners. $ 553,666 Less Amount Already Excluded in item 2a - 553,666 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 981,992 Less Amount Already Excluded in item 2a - 981,992 Public Improvement Bonds Reimbursable by ID#20 Lono Kona Subdivision lot owners. 2,378,000 Less Amount Already Excluded in item 2a - 2,378,000 Total Reimbursable by Improvement Districts $ 3,913,658 Schedule F Principal Amount Outstanding Other Indebtedness Office of Housing & Community Development Ouli Ekahi Housing Project (OEHP) *HHFDC Loan 12,215 Total 12,215 *Hawai`i Housing Finance And Development Corporation