HomeMy WebLinkAboutBIL 243 Draft 02 2004-2006 4~ ' 'i~
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COUNTS OF ~IAWAI`I ~ STATE O~ I-~AWAI`~
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8TH .
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I3I I...I. N O. 243
DRAFT 2
ORDINANCE NO.
AN O~Z®9N~NC~ AM~N~lNC QR~9Na4NC~ N®. 95-62 ®F C®UNTY
DF ~/~V~~I`I ~®®PT~~ D~ JULY 5, 1995, 0~~ ~M~NI~~® ~Y
®RI~IN~ 96-92 A®®P'T~ DN a0.lJt~US~ 15, 1996, I~~L~~IN~
I~~UAiVC~ D~ (~~N~FtAL O~L~C~~1°6®N ~®IV®S.
~E 11' OR~~?INE® ~Y SHE COUNCIL OF THE COUNTY OF HAV11~?I`I:
SECTION 1. Section 1 of Ordinance No. 95-82, as amended by Ordinance No.
96-92, is hereby amended as follows:
"SECTION 1. Findings and Determinations. It is hereby found and determined that
appropriations for public improvement projects of the County of Hawaii to be financed from
general obligation bond funds have been made in Ordinance No. 93-50, as amended, Ordinance
No. 94-70, as amend, Ordinance 95-75, as amended, and Ordinance No. 96-68, as amended, for
the fiscal years ending June 30, 1994, June 30, 1995, June 30, ]996 and June 30, 1997,
respectivelyx and for the following
bro~ects_ Police Microwave Relocati~n.& Renovation, New
Waikoloa_Ho`oko Street Park~Kuakin~ Hi h~
wav
Im~royements
and Pr~secutin~Attorney
Office Reno_v.ation. It is hereby further found and determined that it is advisable and in the best
interest of the County to authorize the issuance and sale of general obligation bonds of the
County in the maximum principal amount of $30,000,000, the proceeds derived from the sale of
which shall be used to pay all or a part of the costs of appropriations referred to above and to pay
all or a part of the costs of issuance of such bonds."
SECTION 2. Section 2 of Ordinance No. 95-82, as amended by Ordinance No.
96-92, is hereby amended as follows:
"SECTION 2. Authorization of Bonds. There are hereby authorized for issuance and
sale general obligation bonds of the County (the "Bonds") in the principal amount of Thirty
Million Dollars ($30,000,000), the proceeds derived from the sale of which shall be used to pay
all or a part of the costs of appropriations for public improvement projects of the County to be
financed from general obligation bond funds made in Ordinance No. 93-50, as amended,
Ordinance No. 94-70, as amended, Ordinance No. 95-75, as amended, and Ordinance No. 96-68,
as amended, for the fiscal years ending June 30, 1994, June 30, 1995, June 30, 1996 and .tune 30,
1997, respeclively,_and for the follo~ging~ro~~cts: Polrce Micro~~_avc Rclocation & Renovation,
New Waikoloa Hobk~ Strect_Pt>tk,_Kuakini Highway Impro~'emcnts, and_Prosecutit~ A_ttorrr_ey
Qfce Renovation-, and to pay all or a part of the costs of issuance of the Bonds, including.
without limitation, the initial fees of paying agents and registrars, the fees of any financial
consultants and bond counsel, underwriters' discount, the cost of preparation of any official
statement, notice of sale and definitive bonds, and any cost ofpublication required by la~+ or as
otherwise appropriate. The cost of issuance of the Bonds shall be allocated pru rata to each of
the particular improvements financed from the proceeds of the Bonds, and appropriations
therelor arc hereby made. The proceeds derived from the sale of the Bonds maybe used to
reimburse the General Fund for funds theretofore, borrowed pursuant to resolutions of the
County Council, if any, to pay costs of certain appropriations made in Ordinance No. 93-~0, as
amended, Ordinance No. 94-7U, as amend, Ordinance 95-75, as amended, and Ordinance No. 96-
68, as amended, and for the followine protects: Police Microwave Rclocation_& Reno~atiun,
New Wttikoloa H_o_'oko Street Park. Kuakint_,H~hwav In~pro~enients,_und I'ros~c_utin~ r11_l~~riicy
Office_Rcno_v_ation~ to be financed from general obligation bond funds. The proceeds may not be
used for any plans, financing or construction for the Kealakehc golf Course."
SECTION 3. New material is double underscored. In printing this ordinance, the
double underscoring need not be included.
SECTION 4. This Ordinance shall take effect upon its approval.
Introduced By:
COUNCIL MEMBER, COUNTY OF HAWAII
Hawaii
Date of Introduction:
Date of 15` Reading:
Date of 2~d Reading:
Effective Date:
r.~~ ,:Cf~tCE: Comm 745.1