The URL can be used to link to this page

Home My WebLink AboutCOM 0520.000 2000-2002 J,~trlus'•'1~s. Harry Kim ~i William T. Takaba Mayor Director Michael N. Okumoto -/'°rE ®F'mee..a+ Treasurer County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 25 Aupuni Street, Room 112 • Hilo, Hawaii 96720-4252 (808) 961-8351 (808) 961-8330 (FAX) February 12, 2002 ~ ~ i' ' ~ .~A r". A The Honorable James Y. Arakaki, Chairman _ and Members of the Council County of Hawaii , V 25 Aupuni Street Hilo, Hawaii 96720 • Dear Chairman Arakaki: In accordance with Section 47C-3, Hawaii Revised Statutes, I certify that the enclosed supplemental summary of indebtedness of the County of Hawaii as of December 27, 2001 is correct. The closing of the $6,370,000 Improvement District No. 17, Kaloko Subdivision, 2001 Special Assessment Refunding Bond on December 27, 2001 requires preparation of this report and is included in this report. Concurrence to the supplemental summary of the Chairman of the Finance Committee and the Corporation Counsel are also attached. Very truly yours, William T. Ta c eba Director of Finance Fncls. Corr~rn. Na, File No. Ref. '~o: _ Ref. ®at~_ 12~,,,_, ~oQ2 ~SY 06 y~ 9 Harry Kim William T. Takaba Mayor • ; ~ Director Michael N. Okumoto Treasurer oe: Ha County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 25 Aupuni Street, Room 112 • Hilo, Hawaii 96720-4252 (808) 961-8351 • (808) 961-8330 (FAX) January 28, 2002 Mr. Lincoln Ashida Corporation Counsel County of Hawaii 25 Aupuni Street 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 bond issue. The enclosed summary as of December 27, 2001 is submitted for your review and concurrence. The closing of the $6,370,000 Improvement District No. 17, Kaloko Subdivision, 2001 Special Assessment Refunding Bond on December 27, 2001 requires preparation of this report and is included in this report. The attached tabular summary requires concurrence from both the Chairman 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 therefor. After receiving your responses, I must 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. ~?~~r' William T. Takaba Director of Finance Encl. I oncu do not concur with the tabular summary of the net funded debt of the County of Hawaii as of December 27, 2001. Reasons for non-concurrence, if any: Corporation Counsel County of Hawaii Date: ~ ~ ~ ~ J~4Y 06 M~1 Harry Kim ~,6c~; William T. Takaba Mayor e~ Director ~ ~ ` ~ Michael N. Okumoto @''''~ Treasurer r~ oR•M'°~ County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 25 Aupuni Street, Room 112 • Hilo, Hawaii 96720-4252 (808) 961-8351 (808) 961-8330 (FAX) January 28, 2002 Mr. Aaron S.Y. Chung Chairman, Finance Committee County Council County of Hawaii Hilo, Hawaii 96720 Section ~7C-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 bond issue. The enclosed summary as of December 27, 2001 is submitted for your review and concurrence. The closing of the $6,370,000 Improvement District No. 17, Kaloko Subdivision, 2001 Special Assessment Refunding Sond on December 27, 2001 requires preparation of this report and is included in this report. The attached tabular summary requires concurrence from both the Chairman 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 therefor. After receiving your responses, I must 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. ~nr ?V William T. Tak ba Director of Finance Encl. I concu not concur with the tabular summary of the net funded debt of the County of Hawaii as o ecember 27, 2001. Reasons for non-concurrence, if any: Chairman, Finance Com i e County Council, County of Hawaii Date: I ~ 2 ~ ~ D~ COUNTY OF HAWAII Statement of Funded Debt December 27, 2001 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $ 165,117,300 (Schedule A) b. Special Assessment Bonds $ 6,370,000 (Schedule B) c. Other Indebtedness $ 1,108,661 (Schedule C) d. State Revolving Fund Loans $ 34,075,838 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $ 206,671,799 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 7,452,900 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 6,370,000 (Schedule B) c. State Revolving Fund principal $ 1,308,368 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 17,769,900 Reimbursable by the County Department of Water Supply (Schedule E) Total Exclusions $ 32,901,168 Net Funded Debt of the County of Hawaii $ 173,770,631 December 27, 2001 SUPPORTING SCHEDULES Statement of Funded Debt as of December 27, 2001 (Based on Records in Finance Department) Sch~~~l~ A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in December 27, 2001 Current FY June 15, 1977 241,000 - June 1, 1981 482,000 22,000 December 1, 1989 1,900,000 - May 1, 1993 61,640,000 3,805,000 February 1, 1996 26,600,000 1,260,000 March 12, 1996 650,500 31,500 February 25, 1997 3,473,000 148,500 June 4, 1998 745,800 10,900 August 15, 1999 30,000,000 - August 15, 1999 14,585,000 2,175,000 July 15, 2001 23,000,000 - August 1, 2001 1,800,000 - Total County General Obligation Bonds 165,117,300 7,452,900 chedulP Special Assessment Bonds: Principal Amount Outstanding 8/01/91 Kaloko Subdivision (17)[10,165,000] 12/27/01 Kaloko Subdivision (17) Refunding 6,370,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) 1,108,661 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in Current FY Hilo WWT Phase II 8,473,216 614,199 Waiakea Houselots Sewer 284,852 - Waiakea Mill Pond Sewer 923,177 60,974 Kealakehe Effluent Disposal 860,632 - Alii Drive Interceptor A & 13 2,057,253 69,478 Ainako Interceptor A & S 1,569,112 52,969 Alii Drive Interceptor C & D 2,864,094 88,809 Kalanianaole Collector Sewer 1,176,677 34,121 Waiaha Say SPS 2,849,338 83,821 Alii Drive Interceptor S & F 1,751,521 47,294 Holualoa Sewer Pump Station 2,549,558 67,807 Paukaa Community Collector 1,955,904 45,436 Waiakea Houselots Phase II 4,304,953 97,594 Pahoehoe WW Pump Station 2,455,551 45,866 34,075,838 1,308,368 Schedule, General Obligation Sonds Reimburseable by the County Department of Water Supply: June 1, 1981 482,000 December 1, 1989 (Refunding) 1,450,000 May 1, 1993 7,595,000 June 4, 1998 745,800 July 15, 2001 8,000,000 18,272,800 Less Amount Already Sxcluded (502,900) 17,769,900