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Home My WebLink AboutCOM 0121.000 2006-2008 Harry kim <r w ~ William T. Takaba Mayor c~ Director ' Nancy E. Crawford Deputy ;r; : '•i'M~ County of Hawaii DEPARTMENT OF FINANCE t Mailing Address: 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720 Office Located at: 891 Ululani Street • Hilo, Hawaii 96720 (808) 961-8351 • (808) 961-8330 (FAX) r,., . _..a C7n ~ i z January 23, 2007 s ~ The Honorable Pete Hoffmann, Chairman And Members of the Council w ~ County of Hawaii - 25 Aupuni Street - Hilo, Hawaii 96720 Dear Chairman Hoffmann: 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 December 31, 2006 is correct. The closing of the $122,360,000 General Obligation Bonds, 2007 Series A, B, and C on January 30, 2007 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, sr ~4 William T. Tal ba Director of Finance Encls. Comm. No. ~ 2 ~ Ref. jq;,,~~ Ref. [)'ate JAN 2 ~ Z~- County of Hawa7i is an Equal Opportunity Provitler antl Empbyer. Complaints of tliscrimination shoultl be sent to' USDA, Director, ORCe of Civil Rights, Washington, DC 20250-9410 Or call (202 720.5964 (Voice antl TDD) COUNTY OF HAWAII Statement of Funded Debt December 31, 2006 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $ 230,847,069 (Schedule A) b. Special Assessment Bonds $ 3,870,000 (Schedule B) c. Other Indebtedness $ 1,007,943 (Schedule C) d. State Revolving Fund Loans $ 25,516,728 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $ 261,241,740 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 8,998,500 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 3,870,000 (Schedule 8) c. State Revolving Fund principal $ 1,549,974 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 37,752,444 Reimbursable by the County Department of Water Supply (Schedule E) e. General Obligation Bonds $ 3,804,937 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule F) Total Exclusions $ 55,975,855 Net Funded Debt of the County of Hawaii $ 205,265,885 December 31, 2006 SUPPORTING SCHEDULES Statement of Funded Debt as of December 31, 2006 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in December 31, 2006 current FY May 1, 1993 $ 40,565,000 $ 4,900,000 June 4, 1998 686,300 13,500 September 14, 1999 25,160,000 1,375,000 September 14, 1999 2,710,000 2,710,000 July 25, 2001 20,355,000 April 16, 2003 34,870,000 September 8, 2004 52,440,000 October 4, 2004 3,804,937 October 20, 2004 255,832 February 23, 2006 50,000,000 - Total County General Obligation Bonds $ 230,847,069 $ 8,998,500 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) $ 3,870,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) $ 1,007,943 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in Current FY Hilo WWT Phase II $ 5,244,784 $ 694,910 Waiakea Houselots Sewer 164,911 Waiakea Mill Pond Sewer 602,676 68,987 Kealakehe Effluent Disposal 532,717 Alii Drive InterceptorA & B 1,451,456 87,572 Ainako Interceptor A & B 1,021,193 59,026 Alii Drive Interceptor C & D 1,933,689 98,392 Kalanianaole Collector Sewer 811,324 39,638 Waiaha Bay SPS 1,955,802 96,357 Alii Drive Interceptor E & F 1,232,788 56,416 Holualoa Sewer Pump Station 1,823,591 78,770 Paukaa Community Collector 1,506,692 52,138 Waiakea Houselots Phase II 3,601,424 122,443 Pahoehoe WWPS 2,234,805 63,653 Kalanianaole HISR 1,398,956 31,672 $ 25,516,728 $ 1,549,974 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 $ 5,000,000 June 4, 1998 686,300 July 15, 2001 7,080,000 Sept 8, 2004 348,812 Oct 20, 2004 255,832 Feb. 23, 2006 25,000,000 38,370,944 Less Amount Already Excluded (618,500) $ 37,752,444 Schedule F Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. $ 3,804,937 Harry Kim W(ll~ of ct Takaba Mayor `P'y."' '4 Nancy E. Crawford v . Deputy County o~ Hawaii DEPARTMENT OF FINANCE Mailing Address: 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720 Office Located at: 891 Ululani Street • Hilo, Hawaii 96720 (808) 961-8351 (808) 961-8330 (FAX) January 18, 2007 Mr. Lincoln Ashida Corporation Counsel County of Hawaii -101 Aupuni Street Hilo, Hawaii 96720 Section 470-3, 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 December 31, 2006 is submitted for your review and concurrence. The closing of the $122,360,000 General Obligation Bonds, 2007 Series A, B, and C on January 30, 2007 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 shall 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 q/uestions. i~1 William T. kaba Director of Finance Encl. I one /do not concur with the tabular summary of the net funded debt of the County of Ha I as of December 31, 2006. Reasons for non-concurrence: VO Date: JAN~_2 1~1Q7 Corporation Counsel County of Hawaii County of HewaYi is an Equal Oppo,Mhy Provbar end Empbyer. Complaints N d'waiminalion should he sent to: USDA Director, Office of Civil Rights, Washington. DC 20250-8410 Or call (202) 7245960 (Voice end 7D0) COUNTY OF HAWAII Statement of Funded Debt December 31, 2006 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $ 230,847,069 (Schedule A) b. Special Assessment Bonds $ 3,870,000 (Schedule B) c. Otherlndebtedness $ 1,007,943 (Schedule C) d. State Revolving Fund Loans $ 25,516,728 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $ 261,241,740 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 8,998,500 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 3,870,000 (Schedule B) c. State Revolving Fund principal $ 1,549,974 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 37,752,444 Reimbursable by the County Department of Water Supply (Schedule E) e. General Obligation Bonds $ 3,804,937 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule F) Total Exclusions $ 55,975,855 Net Funded Debt of the County of Hawaii $ 205,265,885 December 31, 2006 SUPPORTING SCHEDULES Statement of Funded Debt as of December 31, 2006 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in December 31, 2006 current FY May 1, 1993 $ 40,565,000 $ 4,900,000 June 4, 1998 686,300 13,500 September 14, 1999 25,160,000 1,375,000 September 14, 1999 2,710,000 2,710,000 July 25, 2001 20,355,000 April 16, 2003 34,870,000 September 8, 2004 52,440,000 October 4, 2004 3,804,937 October 20, 2004 255,832 February 23, 2006 50,000,000 - Total County General Obligation Bonds $ 230,847,069 $ 8,998,500 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) $ 3,870,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) $ 1,007,943 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in Current FY Hilo WWT Phase II $ 5,244,784 $ 694,910 Waiakea Houselots Sewer 164,911 Waiakea Mill Pond Sewer 602,676 68,987 Kealakehe EfFluent Disposal 532,717 Alii Drive InterceptorA & B 1,451,456 87,572 Ainako InterceptorA & B 1,021,193 59,026 Alii Drive Interceptor C & D 1,933,689 98,392 Kalanianaole Collector Sewer 811,324 39,638 Waiaha Bay SPS 1,955,802 96,357 Alii Drive Interceptor E & F 1,232,788 56,416 Holualoa Sewer Pump Station 1,823,511 78,770 Paukaa Community Collector 1,506,692 52,138 Waiakea Houselots Phase II 3,601,424 122,443 Pahoehoe WWPS 2,234,805 63,653 Kalanianaole HISR 1,398,956 31,672 $ 25,516,728 $ 1,549,974 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 $ 5,000,000 June 4, 1998 686,300 July 15, 2001 7,080,000 Sept 8, 2004 348,812 Oct 20, 2004 255,832 Feb. 23, 2006 25,000,000 38,370,944 Less Amount Already Excluded (618,500) $ 37,752,444 Schedule F Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. $ 3,804,937 Harry Kim Williaoi ctorakaba Mayor ~ Nancy E. Crawford Deputy ••••h~OI M•+• County of Hawaii DEPARTMENT OF FINANCE Mailing Address: 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720 Office Located at: 891 Ululani Street • Hilo, Hawaii 96720 (808) 961-8351 • (808) 961-8330 (FAX) January 18, 2007 Mr. Dominic Yagong 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 December 31, 2006 is submitted for your review and concurrence. The closing of the $122,360,000 General Obligation Bonds, 2007 Series A, B, and C on January 30, 2007 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 shall 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 qujjestions. l~ ~ - Y William T. T cabs Director of Finance Encl. I concu o not concur with the tabular summary of the net funded debt of the County of an as of December 31, 2006. Reasons for non-concurrence: !/Vv~,__ Chairman, Financ o 'tte ~ / L ~ ~ 1 County Council, C u ~ty f ii Date: County of Hawayi Is en EQUaI Opportunity Provider erW Empbyer. Complamte of disaiminetion should Ee sent to: USD0. Director, Office of Civil Riphb, WasMn9ton, DC 20250.9410 a raA (202) 7205904 (Nobs and 7D0) COUNTY OF HAWAII Statement of Funded Debt December 31, 2006 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $ 230,847,069 (Schedule A) b. Special Assessment Bonds $ 3,870,000 (Schedule B) c. Otherlndebtedness $ 1,007,943 (Schedule C) d. State Revolving Fund Loans $ 25,516,728 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $ 261,241,740 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 8,998,500 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 3,870,000 (Schedule B) c. State Revolving Fund principal $ 1,549,974 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 37,752,444 Reimbursable by the County Department of Water Supply {Schedule E) e. General Obligation Bonds $ 3,804,937 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. {Schedule F) Total Exclusions $ 55,975,855 Net Funded Debt of the County of Hawaii $ 205,265,885 December 31, 2006 SUPPORTING SCHEDULES Statement of Funded Debt as of December 31, 2006 (Based on Records in Finance Department} Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in December 31, 2006 current FY May 1, 1993 $ 40,565,000 $ 4,900,000 June 4,1998 686,300 13,500 September 14, 1999 25,160,000 1,375,000 September 14, 1999 2,710,000 2,710,000 July 25, 2001 20,355,000 April 16, 2003 34,870,000 September 8, 2004 52,440,000 October 4, 2004 3,804,937 October 20, 2004 255,832 February 23, 2006 50,000,000 - Total County General Obligation Bonds $ 230,847,069 $ 8,998,500 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) $ 3,870,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) $ 1,007,943 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in Current FY Hilo WWT Phase II $ 5,244,784 $ 694,910 Waiakea Houselots Sewer 164,911 Waiakea Mill Pond Sewer 602,676 68,987 Kealakehe Effluent Disposal 532,717 Alii Drive InterceptorA & B 1,451,456 87,572 Ainako InterceptorA & B 1,021,193 59,026 Alii Drive Mterceptor C & D 1,933,689 98,392 Kalanianaole Collector Sewer 811,324 39,638 Waiaha Bay SPS 1,955,802 96,357 Alii Drive Interceptor E & F 1,232,788 56,416 Holualoa Sewer Pump Station 1,823,511 78,770 Paukaa Community Collector 1,506,692 52,138 Waiakea Houselots Phase II 3,601,424 122,443 Pahoehoe WWPS 2,234,805 63,653 Kalanianaole HISR 1,398,956 31,672 $ 25,516,728 $ 1,549,974 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 $ 5,000,000 June 4, 1998 686,300 July 15, 2001 7,080,000 Sept 8, 2004 348,812 Ocf 20, 2004 255,832 Feb. 23, 2006 25,000,000 38,370,944 Less Amount Already Excluded (618,500) $ 37,752,444 Schedule F Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. $ 3,804,937