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Home My WebLink AboutCOM 0018.000 2008-2010William P. Kenoi ' Mayor County of Hawaii DEPARTMENT OF FINANCE Nancy E. Crawford Director Deanna S. Sako Deputy Mailing Address: 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720 Office Located at: 891 Ululani Street • Hilo, Hawaii 96720 (808) 961-8303 (808)961-8946 (FAX) December 2, 2008 The Honorable J Yoshimoto, Chairman And Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Yoshimoto: ~~ ~ _ .,') °° O r. ~ ~-s :~ Crn'D ~~': --t _, t ( ; . - w ~ ' ; , :, - .~ -•- ~ ; i cn ~; : . _ o cn 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 November 30, 2008 is correct. The closing of the $50,000,000.00 General Obligation bonds, 2008 Series A on December 10, 2008 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, Nancy .Crawford Director of Finance Encls. Comm. No. / Ref. To: J- Ref. Date ti~ ~ County of Hawaii Is an EQUaI Opportunity Provitler antl Employer. Complaints o(Eisrnminalkn ahoultl be sent to: U6Dq D"rector, ORwa o<CivA Ri9hta, Weshmpton, DC 20250-9010 Or call (202) 7205964 (Voice artl TOD) COUNTY OF HAWAII Statement of Funded Debt November 30, 2008 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds (Schedule A) b. Special Assessment Bonds (Schedule B) c. Other Indebtedness (Schedule C) d. State Revolving Fund Loans (Schedule D) Grand Total of Debt Outstanding & Unpaid 2. Exclusions from Grand Total: a. General Obligation Bonds maturing in current fiscal year (Schedule A) b. Special Assessment Bonds (Schedule B) c. State Revolving Fund principal maturing in current fiscal year (Schedule D) d. General Obligation Bonds Reimbursable by the County Department of Water Supply (Schedule E) e. General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule F) Total Exclusions Net Funded Debt of the County of Hawaii November 30, 2008 $ 282,319,088 $ 2,485,000 $ 959,953 $ 28,279,212 $ 7,001,200 $ 2,485,000 $ 1,861,287 $ 33,954,671 $ 3,320,753 $ 314,043,253 $ 48,622,911 $ 265,420,342 SUPPORTING SCHEDULES Statement of Funded Debt as of November 30, 2008 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Date of Issue Principal Amount General Obligation Outstanding Bonds Maturing in Nov. 30, 2008 FY 2008-09 May 1, 1993 June 4, 1998 September 14, 1999 July 25, 2001 April 16, 2003 September 8, 2004 October 4, 2004 October 20, 2004 February 23, 2006 January 30, 2007 April 28, 2008 Total County General Obligation Bonds Schedule B Special Assessment Bonds: $ 30,495,000 $ 5,460,000 277,700 6,200 1,535, 000 1, 535,000 2,115,000 - 31~,895,000 ~ - 45,720,000 - 3,320,753 - 248,635 - 46,890,000 - 119,675,000 - 147,000 - $ 282,319,088 $ 7,001,200 12/27/01 Kaloko Subdivision Refunding (17) Schedule C Otherlndebtedness: Kulaimano Elderly Housing Project Mortgage (FmHA) Principal Amount Outstanding $ 2,485,000 Principal Amount Outstanding $ 959,953 Schedule D State Revolving Fund Loans: Hilo WWT Phase II Waiakea Houselots Sewer Waiakea Mill Pond Sewer Kealakehe Effluent Disposal Alii Drive Interceptor A & B Ainako Interceptor A & B Alii Drive Interceptor C & D Kalanianaole Collector Sewer Waiaha Bay SPS Alii Drive Interceptor E & F. Holualoa Sewer Pump Station Paukaa Community Collector Waiakea Houselots Phase II Pahoehoe WWPS Kalanianaole HISR HI Cty Cesspool Conversion Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 June 4, 1998 July 25,.2001 Sept 8, 2004 Oct 20, 2004 Feb. 23, 2006 Jan. 30, 2007 April 28, 2008 Less Amount Already Excluded in item 2a Schedule F Principal Amount Outstanding $ 3,837,591 139,094 462,978 389,788 1,093,797 781,417 1, 533,998 649,145 1,562,261 1,001,961 1,501,221 1,294,606 3,100,549 1,974,273 1, 371,439 7,585,094 $ 28,279,212 $ 3,755,000 277,700 735,652 269,272 248,635 23,445,000 5,752,612 147, 000 34,630,871 (676,200) $ 33,954,671 General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. Less amount already excluded in item 2a Principal Maturing in FY 2008-09 $ 730,090 26,462 72,479 92,543 61,496 102,509 42,087 101,828 59,901 83,637 54,672 129,135 67,146 35,428 201, 874 $ 1,861,287 Principal Amount Outstanding 3,320,753 0 $ 3,320,753 William P. Kenoi Mayor December 1, 2008 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 i DEPARTMENT OF r-INANCE (808) 961-8303 • (808) 961-8946 (FAX) ! -._ .. __. Mr. Dominic Yagong Chairperson, Finance Committee County Council County of Hawaii Hilo, Hawaii 96720 Nancy E. Crawford Director Deanna S. Sako Deputy f TETOc_U___,_-_ Y 70: ~.. r _...., .._. _ _. A': 'ION BY: ~ FILE: 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 November 30, 2008 is submitted for your review and concurrence. The closing of the $50,000,000 General Obligation Bonds, 2008 Series A on December 10, 2008 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 questions. Nancy .Crawford Director of Finance E / I conc do not concur with the tabular summary of the net funded debt of the County of Ha li as of November 30, 2008. Reasons for non-concurrence: County Council, Date: ~ ~- r ~ I ~ ~ County of Hawei i is en Equal Opportuniry Provider and Employer. Camplanta of tlisaiminegon shoultl Ee sent to: USDA, Director, 016rs of Civil Rights, Weshin9lon, DC 20250-9010 Or cell (202) 720.5964 (Voice entl TDD) COUNTY OF HAWAII Statement of Funded Debt November 30, 2008 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 282,319,088 (Schedule A) b. Special Assessment Bonds $ 2,485,000 (Schedule B) c. Other Indebtedness $ 959,953 (Schedule C) d. State Revolving Fund Loans $ 28,279,212 (Schedule D) Grand Total of Debt Outstanding & Unpaid $ 314,043,253 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 7,001,200 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 2,485,000 (Schedule B) c. State Revolving Fund principal $ 1,861,287 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 33,954,671 Reimbursable by the County Department of Water Supply (Schedule E) e. General Obligation Bonds $ 3,320,753 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule F) Total Exclusions $ 48,622,911 Net Funded Debt of the County of Hawaii $ 265,420,342 November 30, 2008 SUPPORTING SCHEDULES Statement of Funded Debt as of November 30, 2008 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in Date of Issue Nov. 30, 2008 FY 2008-09 May 1, 1993 $ 30,495,000 $ 5,460,000 June.4, 1998 277,700 6,200 September 14, 1999 1,535,000 1,535,000 July 25, 2001 2,115,000 - April 16, 2003 31,895,000 - September 8, 2004 45,720,000 - October 4, 2004 3,320,753 - October 20, 2004 248,635 - February 23, 2006 46,890,000 - January 30, 2007 119,675,000 - April 28, 2008 147,000 - Total County General Obligation Bonds $ 282,319,088 $ 7,001,200 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) $ 2,485,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) $ 959,953 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in FY 2008-09 Hilo WWT Phase II $ 3,837,591 $ 730,090 Waiakea Houselots Sewer 139,094 26,462 Waiakea Mill Pond Sewer 462,978 72,479 Kealakehe Effluent Disposal 389,788 - Alii Drive Interceptor A & B 1,093,797 92,543 Ainako InterceptorA & B 781,417 61,496 Alii Drive Interceptor C & D 1,533,998 102,509 Kalanianaole Collector Sewer 649,145 42,087 Waiaha Bay SPS 1,562,261 101,828 Alii Drive.lnterceptor E & F. 1,001,961 59,901 Holualoa Sewer Pump Station 1,501,221 83,637 Paukaa Community Collector 1,294,606 54,672 Waiakea Houselots Phase II 3,100,549 129,135 Pahoehoe WWPS 1,974,273 67,146 Kalanianaole HISR 1,371,439 35,428 HI Cty Cesspool Conversion 7,585,094 201,874 $ 28,279,212 $ 1,861,287 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 $ 3,755,000 June 4, 1998 277,700 July 25,.2001 735,652 Sept 8, 2004 269,272 Oct 20, 2004 248,635 Feb. 23, 2006 23,445,000 Jan. 30, 2007 5,752,612 April 28, 2008 147,000 34,630,871 Less Amount Already Excluded in item 2a (676,200) $ 33,954,671 Schedule F Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. 3,320,753 Less amount already excluded in item 2a p $ 3,320,753 William P. Kenoi Mayor 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)961-8303 • (808)961-8946 (FAX) December 1, 2008 Mr. Lincoln Ashida Corporation Counsel County of Hawaii 101 Aupuni Street Hilo, Hawaii 96720 Nancy E. Crawford Director Deanna S. Sako Deputy 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 November 30, 2008 is submitted for your review and concurrence. The closing of the $50,000,000 General Obligation Bonds, 2008 Series A on December 10, 2008 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 questions. `~ C.. Nancy E. Crawford Director of Finance Encl. I concur/de-rteE-eenear with the tabular summary of the net funded debt of the County of Hawaii as of November 30, 2008. Reasons fornon=concurrence: ~ Date: DEC - t 2Q18 Corporation Counsel County of Hawaii County of Hawel'i is en Equal Opportunity Provkar entl Employer. Complants of tllaaimination should be sent to: USDq DlreCOr, DRC• o! Civil Rights, Washington, DC 20250-9970 Or III (202) 720.5960 (Voice and TDD) COUNTY OF HAWAII Statement of Funded Debt November 30, 2008 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds (Schedule A) b. Special Assessment Bonds (Schedule B) c. Other Indebtedness (Schedule C) d. State Revolving Fund Loans (Schedule D) Grand Total of Debt Outstanding & Unpaid 2. Exclusions from Grand Total: a. General Obligation Bonds maturing in current fiscal year (Schedule A) b. Special Assessment Bonds (Schedule B) c. State Revolving Fund principal maturing in current fiscal year (Schedule D) d. General Obligation Bonds Reimbursable by the County Department of Water Supply (Schedule E) $ 282,319,088 $ 2,485,000 $ 959,953 $ 28,279,212 $ 7,001,200 $ 2,485,000 $ 1,861,287 $ 33,954,671 e. General Obligation Bonds $ 3,320,753 Reimbursable by Kona Coastview & Kona Wondenriew Subdivision lot owners. (Schedule F) Total Exclusions Net Funded Debt of the County of Hawaii November 30, 2008 $ 314,043,253 $ 48,622,911 $ 265,420,342 SUPPORTING SCHEDULES Statement of Funded Debt as of November 30, 2008 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Date of Issue Principal Amount General Obligation Outstanding Bonds Maturing in Nov. 30, 2008 FY 2008-09 May 1, 1993 June 4, 1998 September 14, 1999 July 25, 2001 April 16, 2003 September 8, 2004 October 4, 2004 October 20, 2004 February 23, 2006 January 30, 2007 April 28, 2008 Total County General Obligation Bonds $ 30,495,000 $ 5,460,000 277,700 6;200 1,535, 000 1,535,000 2,115,000 - 31,895,000 - 45,720,000 - 3,320,753 - 248,635 - 46,890,000 - 119,675,000 - 147, 000 - $ 282,319,088 $ 7,001,200 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) $ 2,485,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) $ 959,953 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in FY 2008-09 Hilo WWT Phase II $ 3,837,591 $ 730,090 Waiakea Houselots Sewer 139,094 26,462 Waiakea Mill Pond Sewer 462,978 72,479 Kealakehe Effluent Disposal 389,788 - Alii Drive Interceptor.A & B 1,093,797 92,543 Ainako InterceptorA & B 781,417 61,496 Alii Drive Interceptor C & D 1,533,998 102,509 Kalanianaole Collector Sewer 649,145 42,087 Waiaha Bay SPS 1,562,261 101,828 Alii Drive Interceptor E & F 1,001,961 59,901 Holualoa Sewer Pump Station 1,501,221 83,637 Paukaa Community Collector 1,294,606 54,672 Waiakea Houselots Phase II 3,100,549 129;135 Pahoehoe WWPS 1,974,273 67,146 Kalanianaole HISR 1,371,439 35,428 HI Cty Cesspool Conversion 7,585,094 201,874 $ 28,279,212 $ 1,861,287 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 $ 3,755,000 June 4, 1998 277,700 July 25,.2001 735,652 Sept 8, 2004 269,272 Oct 20, 2004 248,635 Feb. 23, 2006 23,445,000 Jan. 30, 2007 5,752,612 April 28, 2008 147,000 34,630,871 Less Amount Already Excluded in item 2a (676,200) $ 33,954,671 Schedule F Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. 3,320,753 Less amount already excluded in item 2a 0 $ 3,320,753