HomeMy WebLinkAboutORD 2009-115 2008-2010COUNTY OF HAWAII
STATE OF HAWAII
BII..I~ NO. 129
ORDINANCE NO. 49 1.x,5
AN ORDINANCE AUTHORIZING THE MAYOR OF THE COUNTY OF
HAWAII TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT FOR
A STATE WATER POLLUTION CONTROL REVOLVING FUND LOAN FOR
WASTEWATER PUBLIC IMPROVEMENT PROJECTS; AND AUTHORIZING
THE ISSUANCE OF $18,000,000 GENERAL OBLIGATION BONDS OF THE
COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING QUALIFIED
WASTEWATER PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII
BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII:
SECTION 1. Request for Loan. The County of Hawaii, pursuant to Section 342D-
54, Hawaii Revised Statutes, will be submitting an application for a State Water Pollution
Control Revolving Fund Loan (SRF Loan) to the Director of the Department of Health,
State of Hawaii, to finance the construction of the wastewater project listed in "Exhibit A".
Under the terms and conditions anticipated with regard to such SRF loan, the
County shall repay, over a term of twenty years, the principal amount, which shall not
exceed $18,000,000, at a fixed rate of interest which shall not exceed the Bond Buyer's
20-year general obligation bond issue.
SECTION 2. Authorization of Mayor. The Council hereby authorizes the Mayor to
execute all necessary intergovernmental agreements and documents between the State
of Hawaii and the County of Hawaii, relating to the SRF to finance the construction of the
wastewater project listed in "Exhibit A".
SECTION 3. Pledge of the County's full faith and credit. The County also pledges
its full faith and credit including but not limited to the County's general taxing power, as
security for repayment of the loan, payment of interest, payment of any loan fees, and
including a covenant to exercise the County's authority as needed. The principal and
interest payments, and any loan fee payments, shall be a first charge on the General
Fund of the County.
SECTION 4. Effective Date. This Ordinance shall take effect upon its approval.
Introduced By:
,_ E11~-----
f
COUNCIL MEM E , C U TY OF HAWAII
xona ,Hawaii
Date of Introduction:
Date of 1St Reading:
Date of 2"d Reading:
Effective Date:
RE~ERENCF~ Comtrf:
August 19, 2009
August 19, 2009
September 2, 2009
September 23, 2009
481
EXHIBIT A
WASTEWATER PUBLIC IMPROVEMENT PROJECT (SRF FUNDED
Project
Department of Environmental Management:
Amount
Queen Lili`uokalani Village Large Capacity Cesspool Replacement $18,000,000
OFFICE OF THE COUNTY CLERK
County of Hawaii
Kona, Hawaii
introduced By: Dominic Yagong
Date Introduced: August 19 , 2 0 0 9
First Reading: August 19 , 2 0 0 9
Published: Auqus t 2 9, 2 0 0 9
REMARKS:
Second Reading: September 2, 2009
To Mayor: September 11, 2009
Returned: September 23, 2009
Effective: September 23, 2009
Published: September 30, 2009
REMARKS:
ROLL CALL VOTE
AYES NOES ABS EX
Enriques X
Ford X
Greenwell
X --
s--r
e~~--s
Hoffinann X %~'; ,~., c.~
Ikeda
X ,
=
~
-
Naeole X _ ~
;A-,
Onishi X
Yagong X _•;- ; --~
Yoshimoto X = ~-'
9 0 ~ ~• --~- 0 0
ROLL CALL VOTE
AYES NOES ABS EX
Enriques X
Ford X
Greenwell X
Hoffinann X
Ikeda
X 7
Naeole X
Onishi X
Yagong X
Yoshimoto X
7 1 1 0
I ~~~:) II~~'R ~'BY CERTIFY that the foregoing BILL was adopted by the County Council published as
i.n<licrztEd above.
~--_
APPROVED AS TO %
FORM AND LEGALITY:
COUNCIL CHAIRMAN'
D UT COR RATION COUNSEL
COUNTY OF HAWAII
Date ~ y
~~
COUNTY CLERK
129
Bill No.:
supp~oved th[s,
'~ ~
day
Ord No.: Q ~ :~.~,~J
C-481/Waived-FC
Reference:
YOR,ZrOUNTY OF HAWAI `I