HomeMy WebLinkAboutORD 2006-055 2004-2006COUNTY OF HAWAII
ORDINANCE NO.
STATE OF HAWAII
06 5S
BILL NO. 243
DRAFT2
AN ORDINANCE AMENDING ORDINANCE NO. 95-82 OF THE COUNTY
OF HAWAII ADOPTED ON JULY 5, 1995, AS AMENDED BY
ORDINANCE NO. 96-92 ADOPTED ON AUGUST 15, 1996, RELATING
TO THE ISSUANCE OF GENERAL OBLIGATION BONDS.
BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII:
SECTION 1. Section 1 of Ordinance No. 95-82, as amended by Ordinance No.
96-92, is hereby amended as follows:
SECTION 1. Findinvs 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, 1996 and June 30, 1997'
respectively, raid for tile _followine nro eJ cts Police Microwave Relocation & Renovation New
Waikoloa Ho'oko Street Park Kuakini_Hig,hwa�Intprovementsand Prosecuti�Attorney
Office Renovation. 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 fiom 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 .lune 30, 1994, June 30, 1995, June 30, 1990 and .lune 30,
1997, respectively, and for the to I]ovving=protects: PoIice _Nl-icrov vC Relocation & Renovation
New Waikoloa Ho'oko Street hark, KLia_kini Highway -Improvements, and Prosecuting Attomey
Office 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 of publication required by law or as
otherwise appropriate. The cost of issuance of the Bonds shall be allocated pro rata to each of
the particular improvements financed from the proceeds of the Bonds; and appropriations
therefor are hereby made. The proceeds derived from the sale of the Bonds may be 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. 93-50, as
amended, Ordinance No. 94-70, as amend, Ordinance 95-75, as amended, and Ordinance No. 96-
68, as amended, and for the followrrocts:_Police _Microwave Relocation & Renovation,
New Waikol-oa Ho-`oko_Street Park. Kuakini Hiehway Improv-ements,_and ProsecutingAttorney
Office Renovation, to be financed from general obligation bond funds. The proceeds may not be
used for any plans, financing or construction for the Kealakehe golf Coursc."
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.
Hilo , Hawai'i
Date of Introduction:
Date of 15` Reading:
Date of 2n' Reading:
Effective Date:
Introduced By:
COUNCIL MEMBER, COUNTY OF HAWAII
April 5, 2006
April 5, 2006
April 19, 2006
May 2, 2006
745.1
OFFICE OF THE COUNTY CLERK
County of Hawaii
Hilo, Hawaii
(Draft 2)
Introduced By:
Virginia
Isbell
Date Introduced:
April 5,
2006
First Reading:
April 5,
2006
Published:
April 16,
2006
REMARKS:
Second Reading: April 19, 2006
ToMayor: April 21, 2006
Returned: May 3, 200b
Effective: May 2, 2006
Published: May 11, 2006
REMARKS:
I DO HEREBY CERTIFY that the foregoing BILL was adopted by the County Council published as
indicated above.
APPROVED AS TO 0010 .000'
FORM AND LEGALITY:
COUNCIL CHAIRMAN
DEPUTY C(} ORATION COUNSEL
COUNTY OF HAWAII
Date
pproved/ i.rupprm edthis a day
M,� zoo_
1L . YOR, C V7 OF 1 L4WA17
COUNTY CLERK
Bill No.: 293 (Draft 2)
Reference: C-795.1/FC-260
Ord No.:
06 55
ROLL CALL VOTE
AYES
"NOES
ABS
EX
Arakaki
X
Higa
X
Hoffmann
X
Holschuh
X
Ikeda
X
Isbell
X
Jacobson
X
Pilago
X
Safarik
X
8
0
1
0
ROLL CALL VOTE
AYES NOES
ABS
EX
Arakaki
X
Higa
X
Hoffmann
X
Holschuh
X
Ikeda
X
Isbell
X
Jacobson
X
Pilago
X
Safarik
X
8 0
1
0
I DO HEREBY CERTIFY that the foregoing BILL was adopted by the County Council published as
indicated above.
APPROVED AS TO 0010 .000'
FORM AND LEGALITY:
COUNCIL CHAIRMAN
DEPUTY C(} ORATION COUNSEL
COUNTY OF HAWAII
Date
pproved/ i.rupprm edthis a day
M,� zoo_
1L . YOR, C V7 OF 1 L4WA17
COUNTY CLERK
Bill No.: 293 (Draft 2)
Reference: C-795.1/FC-260
Ord No.:
06 55