HomeMy WebLinkAboutORD 1983-066 1980-1984Bill No. 1047
COUNTY OF HAWAII - STATE 'OF HAWAII
ORDINANCE N0. Sa3 6~
AN ORDINANCE RELATING TO CANCELLATION OF ASSESSMENT
INSTALLMENTS AND REFUNDS FOR COUNTY OF HAWAII IMPROVEMENT
DISTRICT N0. 6 (HOONANEA STREET)
BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII:
Section 1. Cancellation of Installments 14 through 20.
Installments 14 through 20 of Improvement District No. 6,
Hoonanea Street, are hereoy cancelled.
Section 2. Cash Refunds for Installments 14 through 20.
The Director of Finance shall make refunds of the total cash
paid on prepaid installments 14 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 distrioute any cash remaining in the accounts of
the improvement district after the refunds authorized in
Section 2 above, 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 distrioution; and provided,
further, that the Director of Finance may reserve such amounts
as he tleems necessary to cover any outstanding or anticipated
debts or ooligations of the improvement district, including 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. 6, Hoonanea Street, shall be
terminated at such time as the Director of Finance has
determined that all outstanding or anticipated dents or
ooligations of the improvement district have been paid or can
oe satisfied, and refund distrioutions pursuant to Sections 2
and 3 have been made.
Section 5. This ordinance shall take effect upon its
approval.
Introduced oy:
Hilo, Hawaii
Date of Introduction:
Date of 1st Reading:
Date of 2nd Reading:
Effective Date:
L M ,
December 6, 1983
December 6, 1983
December 14, 1983
December 19, 1983