HomeMy WebLinkAboutORD 1983-065 1980-1984Bill No. 1046
COUNTY OF HAWAII - STATE OF HAWAII
ORDINANCE N0. ~5
AN ORDINANCE RELATING TO CANCELLATION OF ASSESSMENT
INSTALLMENTS AND REFUNDS FOR COUNTY OF HAWAII IMPROVEMENT
DISTRICT N0. 3 (OKINO SUBDIVISION ROAD)
BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII:
Section 1. Cancellation of Installments 17 through 20.
Installments 17 through 20 of Improvement District No. 3, Okino
Sw division Road, are hereoy cancelled.
Section 2. Cash Refunds for Installments 17 through 20.
The Director of Finance shall make refunds of the total cash
paid on prepaid installments 17 through 20 to the persons who
are the owners of the assessed lots at the time of actual
refund.
Section 3. Other Cash Refunds. The Director of Finance is
authorized to distribute any cash remaining in the accounts of
the improvement district after the refunds authorized in
Section 2 aoove, to the owners at the time of actual refund, a
prorata refund equal to the amount necessary to ensure that
each lot has paid the same proportionate share of the original
assessment; provided, that the Director of Finance may, in
determining the amount of such distrioution, reduce .said amount
to such amount as will facilitate the more efficient and
expeditious payment of such distribution; and provided,
further, that the Director of Finance may reserve such amounts
as he deems necessary to cover any outstanding or anticipated
deots or obligations of the improvement district, inclutling the
costs and expenses of making said distrioution of funds to lot
owners; the Director of Finance shall make such cash refunds in
such amounts and at such times as he finds are reasonable.
Section 4. Termination of Improvement District.
Improvement District No. 3, Ok ino Suo division Road, shall be
terminated at such time as the Director of Finance has
determined that all outstanding or anticipated dents or
coligations of the improvement district have oeen paid or can
be satisfied, and refund distributions pursuant to Sections 2
and 3 have 'oeen made.
Section 5. This ordinance shall take effect upon its
approval.
Introduced oy:
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COUNCIL MEMB R, COUNTY OF HAWAII
Hila, Hawaii
Date of Introduction: December 6, 1983
Date of 1st Reading: December 6, 1983
Date of 2nd Reading: Decenber 14, 1983
Effective Date: December 19, 1983