HomeMy WebLinkAboutORD 2005-134 2004-2006 Jd'<Y os.M~
COUNTY OF HAWAII i~~'"~`~~ ~ ~ STATE OF HAWAII
7lE q~•M~V~.
BILL NO. i33
ORDINAN('F, NO. 05 134
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 $5,600,000 GENERAL OBLIGATION BONDS OF THE
COUNTY OF HAWAI`i 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. Request for Loan. The County of Hawaii, pursuant to Section 342D-
54, Hawaii Revised Statutes, has submitted 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 construction of the wastewater projects 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 $5,600,000, at a fixed rate of interest which shall not exceed the Bond Buyer's 20-
yeargeneral obligation 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 construction of the
wastewater projects 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:
l
COUNCIL MEMBER, COUNTY OF HAWAII
Kona Hawaii
Date of Introduction: September 8, 2005
Date of 1S` Reading: September 8, 2005
Date of 2"d Reading: September 21, 2005
Effective Date: September 28, 2005
ttr.:FERE.dy~ is <:uir;tq; 388
EXHIBIT A
WASTEWATER PUBLIC IMPROVEMENT PROJECTS (SRF FUNDED)
Project Amount
Department of Environmental Management:
Honokohau Harbor Effluent Reuse $2,600,000
Wailoa SPS Renovation $3,000,000
OFFICE OF THE COUNTY CLERK
County of Hawaii
Kona, Hawaii
Introduced By: Virginia Isbell ~'It013I,C~L"'DOTE
Date Introduced: September 8, 2005 AYES NOES ABS EX
First Reading: September 8, 2005 Arakaki X
Published: September 18, 2005 liiga X
Hofhnann X
REMARKS: Holschuh X
Ikeda X
_ Isbell X
Jacobson X
Yilago X
Safarik X
8 0 1 0
Second Reading: September 21, 2005
To Mayor: September 23, 2005 ROLL CALL VOTE
Returned: September 29, 2005 AYES NOES ABS EX
Effective: September 28, 2005 _ Arakaki X
Published: October 6 2005 Higa X
Hoffmann X
REMARKS: F[olschuh X
Ikeda X
_ Isbell X
Jacobson X
Pilago X
Safarik X
7 0 2 0
I DO HEREBY CERTIFY that the foregoing BILL was adopted by the County Council published as
indicated above.
APPROVED AS TO 'J
FORM AND LEGALITY,.r~,_=~
` COUNCIL
C~HAIRM~AN ~
DEPUTY RPORATION COUNSEL ~jv<2~^`-~-~~~
COUNTY OF HAWAII ~
COUNTY CLERK
Date % / ~
1.33
Bill No.:
da Reference: C-388/FC-138
Approved/Disapproved this-- y
i Ord No.: 134
of ~J:q-~7"tiJs~~,r 20_0
~
J~~' i1.1 "f?
MAYOR, COUNTY OF HAN~AL7