HomeMy WebLinkAboutORD 1980-562 1976-1980BILL NO. 612
COUNTY OF HAWAII - STATE OF HAWAII
ORDINANCE NO. eS~D~
AN ORDINANCE AMENDING ORDINANCE NO. 482 OF THE COUNTY OF
HAWAII ADOPTED ON OCTOBER 17, 1979, AS AMENDED BY ORDINANCE
NO. 511 ADOPTED ON DECEMBER 19, 1979, AND FURTHER AMENDED
BY ORDINANCE N0. 550 ADOPTED ON MARCH 5, 1980, TO INCREASE
THE PRINCIPAL AMOUNT OF GENERAL OBLIGATION BONDS AUTHORIZED.
BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII:
SECTION 1. The title of Ordinance No. 482, as amended,
of the County of Hawaii adopted, on October 17, 1979, and
which became effective on October 25, 1979, as amended by
Ordinance No. 511 adopted on December 19, 1979, and as
amended by Ordinance No. 550 adopted on March 5, 1980, is
further amended by deleting the figure $9,000,000 where it
appears in the title and inserting the figure of $9,500,000
so that the title shall read as follows:
"AN ORDINANCE AUTHORIZING THE ISSUANCE OF $9,500,000
GENERAL OBLIGATION BONDS OF THE COUNTY OF HAWAII FOR
THE PURPOSE OF FINANCING VARIOUS PUBLIC IMPROVEMENTS
OF THE COUNTY OF HAWAII; FIXING THE FORM, DENOMINATION
AND CERTAIN OTHER FEATURES OF SUCH BONDS, AND PROVIDING
FOR THEIR SALE; AND AUTHORIZING THE ISSUANCE AND SALE
OF A LIKE AMOUNT OF GENERAL OBLIGATION BOND ANTICIPATION
NOTES IN ANTICIPATION OF THE ISSUANCE AND SALE OF SAID
BONDS."
SECTION 2. Section 1 of Ordinance No. 482 as amended
by Ordinance No. 511 and further amended by Ordinance No. 550,
is amended by deleting the figure $9,000,000 where it appears
in the section and inserting the figure $9,500,000, so that
said section reads in its entirety as follows:
"SECTION 1. There are hereby authorized for
issuance and sale general obligation bonds of the
County of Hawaii in the principal amount of $9,500,000,
the proceeds derived from the sale of which shall be
used to finance the various public improvements
authorized herein."
SECTION 3. Section 2 of Ordinance No. 482, as amended,
is amended to read as follows.
"SECTION 2. The general obligation bonds (herein-
after referred to as the 'Bonds') authorized for issuance
and sale in Section 1 hereof shall be issued and sold in
their entirety at one time, or from time to time in part
in series, as shall be determined by the Director of
Finance. All such Bonds shall be issued in bearer form
with coupons attached and without privilege of registration
and shall be in the denomination of $5,000 each. The
Bonds of a given series shall be numbered from 1 upwards
in order of maturity; shall mature in numerical order
annually on the day in each year which is the anniversary
of the date of the Bonds of such series, the first of
such maturities to be not later than three years from
the date thereof and the last of such maturities to be
not later than twenty years from the date thereof, in
such amount in each year a.s shall be determined by the
Director of Finance; and shall bear interest at such
rate or rates per annum, not exceeding eight per centum
(8~) per annum, or ten der centum (10~) per annum should
such higher rate be allowed b~ the State Legislature, as
shall be specified in the bid accepted for the purchase
of the Bonds of such series, if any bid therefor be
accepted, such interest being payable on the day which
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is six months from the date of the Bonds of such series
and semiannually thereafter, The Director of Finance
is hereby authorized to determine, in accordance with
and subject to the provisions of this ordinance, the
series designation of the Bonds; the date or dates of
the Bonds; the interest payment dates thereof; the
maturity dates thereof; the amount of principal maturing
on each maturity date; the place or places of payment
thereof in addition to th<~ office of the Director of
Finance; and whether or not the Bonds shall be subject
to such prior redemption prior to the stated maturity
and if subject to such prior redemption, the provisions
for such prior redemption, the premiums (if any) payable
upon such redemption and the respective periods in
which such premiums are payable. In the event any of
the Bonds shall be subject to prior redemption, at
least thirty days' notice of redemption will be published
in The Daily Bond Buyer or other financial paper published
in either of the cities of New York, New York, or San
Francisco, California,"
SECTION 4, Section 8 of Ordinance No, 482 as amended
by Ordinance No. 511 and further amended by Ordinance
No. 550, is amended to read as follows:
"SECTION 8. The proceeds from the issuance
and sale of_ General Obligation Bonds of the County
of Hawaii or any notes in anticipation of the Bonds
in the principal amount of [9,000,000] $9,500,000
shall be expended and/or encumbered for the sole
-3-
purpose of financing those public improvements
authorized and set forth in this section in accordance
with their listed priority.
(1) South Kohala Water Development [2,000,000] $2,500,000
(Ord. 406, FY 1978-1979)
(2) Waiakea Flood Control 800,000
(Ord. 443, FY 1979-80)
Waiakea Flood Control 200,000
(Ord. 586, FY 1973-74)
(3) Waimea Road Improvements 350,000
(Ord. 443, FY 1979-80)
(4) Hamakua Road and Drainage Improvements 240,000
(Ord. 446, FY 1978-79)
(5) Honokaa Municipal Parking Lot 150,000
(Ord. 446, FY 19'78-79)
(6) Mamalahoa Highway Improvement, Honalo 200,000
to Kainaliu
(Ord. 443, FY 19'79-80)
(7) Hualalai Road Improvement 200,000
(Ord. 443, FY 1979-80)
(8) Haili Street Improvement 300,000
(Ord. 443, FY 19']9-80)
(9) Laupahoehoe Point Boat Ramp 100,000
Improvements
(10) Kainaliu Parkinq Lot Restroom 70,000
(Ord. 443, FY 1979-80)
(11) Pahoa Park 100,000
(Ord. 443, FY 1979-80)
(12) Kailua Village Improvement
(Ord. 360, FY 1978-79)
(a) Kuakini Highway Corridor 525,000
Improvement
(b) Hualalai Road Signalization 75,000
(13) Improvements to Hilo Streets 150,000
(Ord. 289, FY 1977-78)
-4-
(14) Geothermal & Related Industrial
Development
(Ord. 360, FY 1978-79)
(a) Pahoa-pohoiki Road Improvement
(bl G
(15)
(16)
(17)
(18)
(19)
(20)
(21)
Kalapana Spur Road
(Ord. 443, FY 1979-80)
Old Carlsmith Propert~ park Restroom
(Ord. 443, FY 1979-80
Ka'u Fire Station
(Ord. 443, FY 1979-80)
Kailua Police Station
(Ord. 443, FY 1979-8p)
Hilo Civic Auditorium Electrical
Improvement
(Ord. 443, FY 1979-8p)
Kohala Fire Station Shed
(Ord. 443, FY 1979-80)
Leleiwi Park Improvements
(Ord. 468, FY 1979-80)
(22) Kukuihaele Park Improvements
(Ord, 468, FY 1979-80y
(23)
(24)
(25)
(26)
Hoolulu Multi-purpose Complex
(Hilo Civic Auditorium Improvements -
Plans and Construction)
(Ord. 360, FY 1978-79)
Hoolulu Multi-purpose Facility
(Ord. 360, FY 1978-79)
Kaumana Park
(Ord. 403, FY 1978-79)
Kailua Village Improvement
(Ord. 360, FY 1978-79)
(a) Kailua-Kealakehe Sewerage
(b) Kailua Parkinq Lot
$ 600,000
1,500,000
70,000
25,000
150,000
350,000
20,000
20,000
25,000
40,000
100,000
185,000
145,000
100,000
2~ 10=
[$9,000,000] $= 0,000"
eothermal Step-out Well and
Direct Heat Application
Experimentation Facility
-5-
SECTION 5. Material to be repealed is bracketed. New
material is underscored. In printing this ordinance, the
brackets, bracketed material and underscoring need not be
included.
SECTION 6. If any provision of this ordinance or the
application thereof to any person or circumstances is held
invalid, such invalidity shall not affect other provisions
or applications of the ordinance which can be given effect
without the invalid provision or application, and to this
end, the provisions of this ordinance are declared to be
severable.
SECTION 7. This ordinance shall take effect upon its
approval.
INTRODUCED BY:
CI ME R, COUNTY OF HAWAII
Hilo, Hawaii
Date of Introduction: April 21, 1.980
Date of Adoption: April 30, 1.980
Effective Date: May 2, 1980
-6-
Hilo, Hawaii
Date: April 21, 1980 Honokaa, Hawaii
- --__ Date: April 30, 1980
FIRST READING
_ SECOND & FINAL READING
AYES NOES A/E
AYES NOES A/E
-Dahlberg X
Dahlberg }{
Domingo X
Domingo
X
Fujii X
Fujii }{
Garcia X
Garcia X
Kawahara X -
Kawahara }{
Lal g
Lai X
Sameshima X __
Sameshima ~ }{
7"ajiri X
Tajiri X
Chr. Yamashiro X _
Chr. Yamashiro X
g 0 1 --
9
0 0
f
API-; ~ ~ 1930
Publication Date:
Publication Date:
MAY 8 19F30
We do hereby certify that the foregoing BILL was adopted by the County Council and published
as indicated above.
~.- { q~
.~ ~ i ' ~ - ~ ~ ouncil Chairm
c~ ~,. _ f, r ; t~IIO
-- -._..'. n+C my Clerk
..__.__ L
Approred thiy,_ _(„~!~ _daypo~f~
/ ~r'~'T~./ _ / i
Mayor, County of Hawaii
9i!I No. _ 612
keierrnte:__~_~ __ ,~
M.B. No. __~=~rL, __
Ord. Na. _-._ JrJti
rfo/ ~~.~>.y
R. 6. Legaspi ~~ s~ .,.~~,~~
COUNTY CLERK \~" "~'
~~ ~- , , ~~
-S.._or aka.
OFFICE OF T--IL" COUNTY CLERK
COUNTY OF HAWAII
HILO, HAWAII 9f>720
April 30, 1980
Mayor Herbert T. Matayoshi
County of Hawaii
Hilo, HI
I hereby transmit Ordinance Bi11 No. 612
Yasuki Arakakl
DEPUTY COUNTY CLE RK
Harry A. Takaharhl
LEGISLAIIVf AUDITOR
passed by the County Council. on second fina]. reading.
~~ ~~"~""
Y UKI ARAKAKI
X}~~~X
DEPUTY COUNTY CLERK
Encl~,
Dai.e.<J; May 1, 1980
Bill No. 612 - 1980
AN OPDINANCE AMENDING ORDINANCE NO. 482. OF THE COUNTY OF HAWAII
ADOPTED ON OCTOBER 17, 1979, AS AMENDED BY ORDINANCE NO. 511
ADOPTED ON DECEMBER 19, 1979, AND FURTHER AMENDED BY ORDINANCE
N0. 550 ADOPTED ON MARCH 5, 1980, TO INCREASE THE PRINCIPAL
AMOUNT OF GENERAL OBLIGATION BONDS AUTHORIZED.
This Bill amends Ordinance 482 adopted October 17, 1979,
as amended by Ordinance 511 adopted December 19, 1979, and
further amended by Ordinance 550 adopted March 5, 1980, to
increase the principal amount of. General Obligation Bonds
authorized by 5500,000.
Date Introduced: April 21, 1980
Copies of the foregoing Bill, in full, are on file in the
Office of the County Clerk for use and examination by the public.
I hereby certify that the foregoing Bill. passed first
reading at the meeting of the County Council on April 21, 1980,
by the following aye and no vote:
AYES: Councilmen nahlberg, Domingo, Fujii, Garcia, Kawahara,
Lai, Sameshima and Chairman Yamashiro - 8,
NOES : None . +Ew Ne. of-Iw
AM ORDIMANC^ AM[NDING
ORDIMAMC[ M0. •..1 OF THE
ABSENT (y EXCUSED: Councllman Ta~lrl - 1. COUNTY OF NEWAII ADOITED
~OM ACTO[E[ V. 1116 AS
EMENDED EY ORDINEMCE MO.
111 EDOITED ON DlCEM[ER t.
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1Y ORDIMANC!-MO. fA ADOI-
TED OM MERCN f, INN. t0 IN~
'/nom
/( ~, CR[E1E TN! FRINCIIEI
AMOUNT OF OENERAI
OELIOETIOM [OMDf
AUTNORIZED.
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e0opte0 ~OCtODaT 11, HH, u
COUNTY OF AWAI I emenw0 Dr Oramerce sn emR1e
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R. a~LFW111
COUNTY CLERK
' COUNTY OF HAWAII
'(FIS-N.wal TrIWntNnFlO: ARII
]A. 1110)
ORDINANCE NO, 562
(Bill No. 612-1980)
AN ORDINANCE AMENDING ORDINANCE NO. 482 OF THE COUNTY OF
HAWAII ADOPTED ON OCTOBER 17, 1979, AS AMENDED BY ORDINANCE
NO. 511 ADOPTED ON DECEMBER 19, 1979, AND FURTHER AMENDED
BY ORDINANCE NO. 550 ADOPTED ON MARCH 5, 1980, TO INCREASE
THE PRINCIPAL AMOUNT OF GENERAL OBLIGATION BONDS AUTHORIZED.
Date Approved: April 30, 1980
Date Effective: May 2, 1980
Copies of the foregoing Ordinance, in full, are on file
in the Office of the County Clerk for use and examination
by the public.
I hereby certify that the foregoing Ordinance passed
second and final reading at they meeting of the County muncil
on April 30, 1.980, by the following aye and no vote:
AYES: Councilmen Dahlberg, Domingo, Fujii, Garcia,
Kawahara, Lai, Sameshima, Tajiri and
Chairman Yamashiro - 9.
NOES: None.
G~, 3. z~.
COUNTY CLE
COUNTY OF HAWAII
ORYIMANC~ N0. Yt
(M IIa. FIFIfA)
AN ORDINANCE RMENDING
ORDINANCE N0. ap OF THE
COV NTY OF HAWAII ADOPTED
ON OCTOBER 1I. 11)9, AS
'AMENDED 1Y OROINAN[E N0.
SIl ADOPTED.ON DECEMBER 19,
19T, AND FURTNER AMENDED
EY ORDINANCE NO. SSq ADOP-
TED ON /MRCH 3. 1M, TO IN-
CREASE THE PRINCIPAL .
AMOUNT OF GENERAL
OBLIGALION RONOt
AUTHORIZED.
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