HomeMy WebLinkAboutORD 1992-031 1992-1994COUNTY OF HAWAII .. STATE OF HAWAII
BILL NO. s?2
ORDINANCE NO. 92 31
AN ORDINANCE AMENDING ORDINANCE NO. 90-57 OF THE COUNTY OF HAWAII
ADOPTED ON APRIL 18, 1990, AS AMENDED BY ORDINANCE 91-59 ADOPTED ON
JUNE 19, 1991, RELATING TO THE ISSUANCE OF GENERAL OBLIGATION BONDS
FOR THE PURPOSE OF FINANCING QUALIFIED WASTEWATER PUBLIC IMPROVEMENTS
OF THE COUNTY OF HAWAII BY INCREASING THE AUTHORIZATION FROM
$15,275,111 TO $15,983,632.
BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII:
SECTION 1. Section 2 of Ordinance 90-57, as amended, is amended
to read as follows:
"SECTION 2. Authorization of Bonds. There are hereby authorized
for issuance and sale general obligation bonds of the County in the
principal amount of [Fifteen Million Two Hundred Seventy Five
Thousand One Hundred Eleven Dollars ($15,275,111)] Fifteen Million
Nine Hundred Eighty Three Thousand Sis Hundred Thirtv Two Dollars
($15.983,632), the proceeds derived from the sale of which shall be
used to pay all or part of the cost of appropriations for the
Qualified Wastewater Projects of the County to be financed from
proceeds of general obligation bonds to be sold to the Department of
Health made in Ordinance No. 89-86 for the fiscal year ending June
30, 1990 [and]s Ordinance 90-75 for the fiscal year ending June 30,
1991 and Ordinance No. 91-51 for the fiscal vear ending June 30.
1992, as follows:
Ordinance No. Project Amount
89-86, 91-51 Old Waiakea Mill Sewer [$651,700] $1,300,000
89-86, 91-51 Waiakea Houselot Sewer (399,100] 459.321
90-75 Kealakehe Effluent Disposal System 1,500,000
89-86 Hilo Wastewater Treatment & Conveyance 12.724,311
TOTAL [$15,275,111] $15,983.632
The proceeds derived from the sale of such bonds may also be used to
repay funds borrowed from the General Fund pursuant to one or more
resolutions of the Council."
SECTION 2. Material to be repealed is bracketed. New materials
is underscored. In printing this ordinance, the brackets, bracketed
material, and underscoring need not be included.
SECTION 3. 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 4. This ordinance shall take effect upon its approval.
Introduced By:
~l-'L' ~efiC.2~~
COUNCIL MEMBER, COUNTY OF HAWAII
Hilo, Hawaii
Date of Introduction: March 5, 1992
Date of 1st Reading: March 5, 1992
Date of 2nd Reading: March 18, 1992
Effective Date: March 30, 1992