HomeMy WebLinkAboutCOM 0379.000 2004-2006 +~r os y~
Harry Kim ~•'•y~ ~ ~~,r, William Tukaba
hlnrnr ~ ~ I)[I'PCIOI
_ Nancy G. Crawford
irG . Orpulr Dn'ermr
1j~ Ys:wr.:M
County of Hawaii
Finance Department
2S Aupuni Slit'eL Ruom 118 • Hilo. Ila~mii 96720
(808)9GI-8'_33 • Fax (808)96 1-8248
July 20, 2005
Stacy K. Higa, Chairman and
Members of the Hawaii County Council
Hawaii County Council
25 Aupuni Street
Hilo, Hawaii 96720 -
Re: Amendments to the 1999A and 2001A General Obligation Bond Ordinances
On April 18, 2005, the County Council passed an ordinance amending the 1999 A General Obligation
Bond (GOB) Ordinance No. 99-41, allowing the use of bond funds for any appropriated projects within
the past 3 fiscal years' capital improvement project budget ordinances and without the restriction of
having to be listed within the GOB ordinance.
Enclosed is a bill for an ordinance to amend the 1999A GOB ordinance (Ordinance 99-41 adopted on
April 12, 1999, as amended by Ordinance 00-56 adopted on May 17, 2000, as amended by
Ordinance 04-61 adopted on May 27, 2004, and as amended by Ordinance 05-43 adopted on April
18, 2005) to allow the use of remaining 1999A bond funds for capital improvement projects
appropriated during FY 2005-06.
Also enclosed is a bill for an ordinance to amend the 2001A GOB ordinance (Ordinance 01-33
adopted on March 9, 2001 and as amended by Ordinance 01-72 adopted on August 24, 2001) to also
allow the use of remaining 2001 A bond funds for capital improvement projects appropriated during FY
2005-06 as well as for past fiscal years' CIP budget ordinances from FY2002-03 through FY2004-05.
Due to the possibility that funding for the purchase of the Honl's Beach Park Property may come from
these two bond issuances, we respectfully request a waiver from the Finance Committee and to have
these two bills heard at the Council meeting scheduled for August 3, 2005, in order to meet the closing
schedule of that purchase.
If there are any questions, please do not hesitate to call Nancy Crawford, Deputy Director of Finance.
~
~
William Takaba i
_ Director of Financ
APPR~~O~V~E}D/'.
Harry Kim Comm. No.
U Mayor Ref. To:
Ref. Date,~I~Q~
Enc.
Hawaii County is an Equal Opportunity Provider and Employer
C 1~~115 ~'~.ggnd r3o>
STAGY K. H/GA tv or JAMES Y. ARAKAKI
Chair&Presidin Officer M,.•. x
€ ~p:'•'~~ PETE HOFFMANN
FRED HOLSCHUH. DR.
VIRGINIA ISBF',LI, DONALD IKEDA
r~~~e ~'h~,~r BOB JACOBSON
'%i.•• "'yi~~ ANGEL K. PILAGO
~ Or Mr
GARY SAFARIIi
HAWAI `I COUNTY COUNCIL
County of Hawaii
Hawu'ii County Building
2J .4 upuni Slree~
Hilo, Hawaii 967?l)
July 21, 2005
Stacy K. Higa, Chair
Hawaii County Council
25 Aupuni Street
Hilo, Hawaii 96720
RE: (Bill No. 129 & 130 An Ordinance amending Ordinance No. 99-41 of the County of
Hawaii adopted on April 12, 1999, as amended by Ordinance No. 00-56 adopted on May 17,
2000, as amended by Ordinance No. 04-61 adopted on May 27, 2004, as amended by Ordinance
No. OS-43 adopted on April 18, 2005, relating to the issuance of general obligation bonds for the
purpose ofi financing various public improvements for the County of Hawaii)
Pursuant to Section 2(g) of Rule 4 of the Rules of Procedure of the Council of the County of Hawaii, this
written request is submitted with my approval that the above-referenced matter be waived from the
Committee on Finance to the full Council for immediate action. In reviewing this matter, timely approval
is crucial. It is therefore advantageous that approval is granted and the matter placed onto the next
Council agenda for review. However, in the event this request is denied, for whatever reason, I
understand the matter shall be referred to the Committee on Finance for placement on its future agenda.
Sincerely.
1 ~
1 t~ •
V irgi is Isbell, Chair
Committee on Finance
Approved/Datei Waive to Council: Disapproved/Date/Refer to FC:
Stacy K. Hi ,Chair Stacy K. Higa, Chair
Hawaii County Council Fiawai'i County Council
V I/smc
Hawni'i County !s An Equal Opportunity Provider And Employer