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Home My WebLink AboutCOM 0720.000 2004-2006 MtY Oe ~'L Harry Kim ~ ~ William T. Takaba Mayor Director • Nanc E. Crawford °i'e~'~ De ut ~ i. l! .i. ~ r• r P Y County of Hawaii' DEPARTMENT OF FINANCE 25 Aupuni Street, Room 118 Hilo, Hawaii 96720-4252 (808) 961-8234 • (808)961-8248 February 17, 2006 The Honorable Stacy Higa, Chairman And Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Higa: 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 February 15, 2006 is correct. The closing of the $50,000,000 General Obligation Bonds, 2006 Series A on February 23, 2006 requires preparation of this report. Concurrence to the supplemental summary of the Chairman of the Finance Committee and the Corporation Counsel are also attached. Very truly yours, c ll,~l~vL~z , William T. Tak ba Director of Finance Encls. Comm. No._~Z~ Ref. To: Rrf, pate Harry Kim .!Y •a,~, William T. Takaba Mayor Director Nancy E. Crawford ' Deputy • ~ : ~ Michael N. Okumoto •i'•.., . T2asurer O! M• County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 101 Pauahi Street, SuRe No. 5, Hilo, Hawaii 96720-4224 (808) 961-8351 (806) 961-8330 (FAX) February 16, 2006 Mr. Lincoln Ashida Corporation Counsel County of Hawaii 101 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 February 15, 2006 is submitted for your review and concurrence. The closing of the $50,000,000 General Obligation Bonds, 2006 Series A on February 23, 2006 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 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. akaba Director of Finance Encl. I c~1c 'do not concur with the tabular summary of the net funded debt of the County of Hawaii as of February 15, 2006. Reasons for non-concurrence: Corporation Counsel FEB 1 6 2006 County of Hawaii Date: County of HaweYi is en EQual Opportunity Pmvitler arts Employee Compleinls of discrimination shouts Ce senl to: USDA DireGOL OKw of DIWI RiAhts, WashinAton. DC 20250-9410 Or ®II (202) 720.5964 (VOlce aM TDD) Harry Kim "'.w,~ William T. Takata Ma}ror Director Nancy E. Crawford Deputy ' Michael N. Okumoto Treasurer ~ Oi'M• County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 101 Pauahi Street, Suite No. 5, Hilo, Hawaii 96720-4224 (808) 961-8351 (808) 961-8330 (FAX) February 15, 2006 Ms. Virginia Isbell Chairperson, Finance Committee County Council County of Hawaii 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 February 15, 2006 is submitted for your review and concurrence. The closing of the $50,000,000 General Obligation Bonds, 2006 Series A on February 23, 2006 requires preparation of 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. ` . G William T. kaba Director of Finance Encl. I concur/do not concur with the tabular summary of the net funded debt of the County of Hawaii as of February 15, 2006. Reasons for non-concurrence: J ...,f - Chair an, Finance Committee _ 1, _ ~ ~ County Council, County of Hawaii Date: ~ Counly of Havre7i is an Equal OppoNUnty Pmvitler entl Employer. Complaint of tliscriminalion shoultl be sere m: USDA, Direciar, Office of CivN Riphls, Wavhirglon, DC 20250-9910 Or nll 1202) 720-5969 (Voice end TDD) COUNTY OF HAWAII Statement of Funded Debt February 15, 2006 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $ 193,945,993 (Schedule A) b. Special Assessment Bonds $ 4,490,000 (Schedule B) c. Other Indebtedness $ 1,026,096 (Schedule C) d. State Revolving Fund Loans $ 26,676,064 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $ 226,138,153 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 8,563,000 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 4,490,000 (Schedule B) c. State Revolving Fund principal $ 287,888 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 13,730,985 Reimbursable by the County Department of Water Supply (Schedule E) e. General Obligation Bonds $ 3,887,493 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule F) Total Exclusions $ 30,959,366 Net Funded Debt of the County of Hawaii $ 195,178,787 February 15, 2006 SUPPORTING SCHEDULES Statement of Funded Debt as of February 15, 2006 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in February 15, 2006 Current FY May 1, 1993 45,225,000 4,660,000 February 1, 1996 - June 4, 1998 699,300 13,000 September 14, 1999 26,460,000 1,300,000 September 14, 1999 5,300,000 2,590,000 July 25, 2001 21,270,000 - April 16, 2003 36,310,000 - September 8, 2004 54,535,000 - October 4, 2004 259,200 - October 4, 2004 3,887,493 - Total County General Obligation Bonds 193,945,993 8,563,000 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) 4,490,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) 1,026,096 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in Current FY Hilo WWT Phase II 5,244,784 - Waiakea Houselots Sewer 190,098 - Waiakea Mill Pond Sewer 669,980 67,304 Kealakehe Effluent Disposal 601,579 - Alii Drive Interceptor A & B 1,537,828 - Ainako InterceptorA & B 1,079,618 - Alii Drive Interceptor C & D 2,031,078 - Kalanianaole Collector Sewer 888,839 38,467 Waiaha Bay SPS 2,050,838 - Alii Drive Interceptor E & F 1,343,115 54,750 Holualoa Sewer Pump Station 1,977,553 76,444 Paukaa Community Collector 1,609,042 50,923 Waiakea Houselots Phase II 3,723,065 - Pahoehoe WWPS 2,298,118 - Kalanianaole HISR 1,430,529 - 26,676,064 287,888 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 5,570,000 June 4, 1998 699,300 July 15, 2001 7,398,261 Sept 8, 2004 387,224 Oct 4, 2004 259,200 14,313,985 Less Amount Already Excluded (583,000) 13,730,985 Schedule F Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. 3,887,493