HomeMy WebLinkAboutRES 225 Draft 01 1980-1984County of Hawaii—State of Hawaii
Resolution No. 225 81
A RESOLUTION AUTHORIZING THE TEMPORARY LOAN OF FUNDS FOR UNDERTAKING PUBLIC
IMPROVEMENTS.
WHEREAS, Section 103-6, Hawaii Revised Statutes, authorizes the County
Director of Finance with the consent of the Council, to make temporary
transfers or loans from any fund except pension or retirement funds, funds
under the control of any independent board or commission, funds set aside
for redemption of bonds or the payment of interest thereon, and private
trust funds, and where in his judgment such action will not impede the
necessary or desirable financial operations of the County, for undertaking
public improvements for which the issuance or sale of the general obligation
bonds have been duly authorized;
WHEREAS, by Ordinance No. 709 adopted by the County Council on August 19,
1981, $5,000,000 in general obligation bonds were authorized for issuance and
sale to provide funds to undertake public improvements approved in Ordinance
No. 443, as amended (the capital budget ordinance for the fiscal year ended
June 30, 1980), Ordinance No. 586, as amended (the capital budget ordinance
for the fiscal year ended June 30, 1981), and Ordinance No. 696, as amended
(the capital budget ordinance for the fiscal year ended June 30, 1982);
WHEREAS, the County desires to undertake the following public improve-
ments:
1.
Hualalai Road Phase II (Ord. 586)
$ 250,000
2.
Hualalai Road Phase III (Ord. 696)
300,000
3.
Papaikou-Paukaa Sewerage System (Ord. 696)
450,000
4.
Kailua-Kona Sewerage System Northern Zone (Ord.
696) 50,000
5.
Kau Fire Station (Ord. 696)
25,000
6.
Leleiwi Beach Park Restrooms (Ord. 711)
60,000
7.
Leleiwi Beach Park Parking (Ord. 711)
60,000
B.
Kailua Park Restrooms (Ord. 711)
60,000
9.
Bayfront Park Improvements (Ord. 711)
250,000
10.
Minor CIP-Islandwide (Ord. 696)
7,000
Total
$1,512,000
NOW, THEREFORE, BE IT RESOLVED by the Council of the County of Hawaii
that the Director of Finance be authorized in accordance with Section 103-6,
Hawaii Revised Statutes, to temporarily transfer or loan $1,512,000 to the
Capital Projects Fund from any fund which can wholly or partially accommodate
such transfer or loan in order to undertake the public improvements listed in
this Resolution.
BE IT FURTHER RESOLVED that the funds from which the transfers or loans
are made shall be reimbursed by the Director of Finance from the proceeds
of the bond sales upon the eventual issuance and sale of the bonds, or by
appropriations of the Council, or from reimbursements from the Federal
Government received for any of the listed projects.
Dated this 18th day of
COUNTY COUNCIL
County of Hawaii
Hilo, Hawaii
November
INTRODUCED BY:
r, uo
I hereby certify that the foregoing RESOLUTION was by the vote indicated to
the right hereof adopted by the COUNCIL of the County of Hawaii on
November 18, 1981
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ATTEST:
GQ. �i 4; i
COUNTY CLE K
H R N & P IDING OFFICER
19 81 .
o t Pawa
ROLL CALL VOTE
AYES NOES A/E
Dahlberg x
De Luz, 111 X
Domingo x
Fujii x
Hale x
Kawahara x
Lai x
Schutte x
Chr- Yamashiro x
9 0 0
Reference_ C-540/F'C--134
M.B. No.
RESOLUTION NO. -
X215 8"1