HomeMy WebLinkAboutORD 1985-095 1984-1988COUNTY OF HAWAII STATE OF HAWAII
BILL NO. 92
ORDINANCE NO. ~ 95
AN ORDINANCE FOR TERMINATION OF IMPROVEMENT DISTRICT NO, 15 AND
CANCELLATION OF ASSESSMENT INSTALLMENTS AND RELATING TO REFUNDS
FOR COUNTY OF HAWAII IMPROVEMENT DISTRICT NO, 15 (WILDER ROAD
IMPROVEMENT, KAUMANA, HILO)
BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAi9AII:
SECTION 1. Cancellation of Installments 13 through 15.
Installments 13 through 15 of Improvement District No. 15,
Wilder Road, are hereby cancelled.
SECTION 2. Cash Refunds for Installments 13 through 15.
The Director of Finance shall make refunds of the total cash
paid on prepaid installments 13 through 15 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 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 distribution, 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
debts or obligations of the improvement district, including the
costs and expenses of making said distribution 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. 15, Wilder Road, shall be terminated
at such time as the Director of Finance has determined that all
outstanding or anticipated debts or obligations of the
improvement district have been paid or can be satisfied, and
refund distributions pursuant to Sections 2 and 3 have been
made.
SECTION 5. In the event that any provision of this
ordinance is declared invalid, the invalidity shall not affect
other provisions or applications of this ordinance.
SECTION 6. This ordinance shall take effect upon its
approval.
Introduced by:
-~wnllll~lL
COUNCIL MEMBER, COUNTY OF HAWAII
Hilo, Hawaii
Date of Introduction: November 20, 1985
Date of 1st Reading: November 20, 1985
Date of 2nd Reading: December 4, 1985
Effective Date: Decer:er 16, 1985