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Home My WebLink AboutCOM 0577.000 2008-2010 William P. Kenoi ~p<V,qf 114 Nancy E. Crawford Mayor Director Deanna S. Sako Deputy ~Tf OF.NF'.1~ County of Hawaii DEPARTMENT OF FINANCE Mailing Address: 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720 Office Located at: 891 Ululani Street • Hilo, Hawaii 96720 (808) 961-8303 (808) 961-8946 (FAX) October 8, 2009 r The Honorable J Yoshimoto, Chairman And Members of the Council County of Hawaii 25 Aupuni Street CID Hilo, Hawaii 96720 Dear Chairman Yoshimoto: In accordance with Section 47C-3, Hawaii Revised Statutes, I certify that the enclosed supplemental summary of indebtedness of the County of Hawaii as of October 15, 2009 is correct. The closing of a $5,000,000.00 bond anticipation note on October 9, 2009 requires preparation of this report. Concurrence to the supplemental summary of the Chairman of the Finance Committee and the Corporation Counsel are also attached. Very truly yours, VU Nancy It. Crawfor Director of Finance Encls. Comm. No.~ Ref. To: Ref. Date DQT 13 2003 County of Hawai'i is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to: USDA, Director, Office of Civil Rights, Washington, DC 20250-9410 Or call (202) 720-5964 (Voice and TDD) William P. Kenoi JMSVONancy E. Crawford Mayor Director Deanna S. Sako Deputy ~l•': NTMa i•'\\ County of Hawaii DEPARTMENT OF FINANCE Mailing Address: 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720 Office Located at: 891 Ululani Street • Hilo, Hawaii 96720 (808) 961-8303 • (808) 961-8946 (FAX) October 5, 2009 Mr. Lincoln Ashida Corporation Counsel County of Hawaii 101 Aupuni Street Hilo, Hawaii 96720 Section 47C-3, Hawaii Revised Statutes, requires that a supplemental summary of the indebtedness of the County be prepared as of a date within 30 days of the delivery of a new bond issue. The enclosed summary as of October 15, 2009 is submitted for your review and concurrence. The closing of a $5,000,000 bond anticipation note on October 9, 2009 requires preparation of this report. The attached tabular summary requires concurrence from both the Chairperson of the Finance Committee and the Corporation Counsel. If you concur with this summary, please sign and return the original of this letter and keep the copy for your files. If you disagree with any item, please indicate the item of disagreement and your reasons therefor. After receiving your responses, I shall transmit the summary and your responses to the County Council for its action. Thank you very much for your prompt attention to this matter. Please call me if you have any questions. 6__Nancy E. Crawford Director of Finance Encl. I cbfletrP/do not concur with the tabular summary of the net funded debt of the County of Hawaii as of October 15, 2009. Reasons for non-concurrence: Date: OCT 0 5 2009 Corporation Counsel County of Hawaii County of Hawai'i is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to USDA, Director, Office of Civil Rights, Washington, DC 20250-9410 Or call (202) 720-5964 (Voice and Too) COUNTY OF HAWAII Statement of Funded Debt October 15, 2009 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 317,921,346 (Schedule A) b. Special Assessment Bonds $ 1,715,000 (Schedule B) C. Other Indebtedness $ 937,128 (Schedule C) d. State Revolving Fund Loans $ 25,730,027 (Schedule D) Grand Total of Debt Outstanding & Unpaid $ 346,303,501 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 10,761,500 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 1,715,000 (Schedule B) C. State Revolving Fund principal $ 2,071,243 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 31,995,311 Reimbursable by the County Department of Water Supply (Schedule E) e. General Obligation Bonds $ 3,228,054 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule F) Total Exclusions $ 49,771,108 Net Funded Debt of the County of Hawaii $ 296,532,393 October 15, 2009 SUPPORTING SCHEDULES Statement of Funded Debt as of October 15, 2009 (Based on Records in Finance Department) Schedule A General Obligation County General Obligation Principal Amount Bonds Maturing in Bonds/Notes: Outstanding for the remainder Date of Issue October 15, 2009 of FY 2009-10 May 1, 1993 $ 25,035,000 $ 5,755,000 June 4, 1998 271,500 6,500 July 25, 2001 1,080,000 April 16, 2003 30,345,000 September 8, 2004 42,175,000 October 4, 2004 3,228,055 October 20, 2004 244,791 February 23, 2006 45,215,000 January 30, 2007 115,180,000 April 28, 2008 147,000 - December 10, 2008 50,000,000 - October 9, 2009 5,000,000 5,000,000 Total County General Obligation Bonds $ 317,921,346 $ 10,761,500 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) $ 1,715,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) $ 937,128 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in FY 2009-10 Hilo WWT Phase 11 $ 3,107,502 $ 748,342 Waiakea Houselots Sewer 112,632 27,124 Waiakea Mill Pond Sewer 390,499 74,291 Kealakehe Effluent Disposal 389,788 74,156 Alii Drive Interceptor A & B 907,433 95,134 Ainako Interceptor A & B 657,793 62,769 AIN Drive Interceptor C & D 1,327,924 104,632 Kalanianaole Collector Sewer 564,336 43,367 Waiaha Bay SPS 1,357,190 104,678 Alii Drive Interceptor E & F 881,254 61,724 Holualoa Sewer Pump Station 1,417,585 171,081 Paukaa Community Collector 1,184,711 55,959 Waiakea Houselots Phase II 2,840,043 132,461 Pahoehoe WWPS 1,838,753 68,864 Kalanianaole HISR 1,306,439 36,395 HI Cty Cesspool Conversion 7,446,145 210,266 $ 25,730,027 $ 2,071,243 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 $ 3,085,000 June 4, 1998 271,500 July 25, 2001 375,652 Sept 8, 2004 227,756 Oct 20, 2004 244,791 Feb. 23, 2006 22,607,500 Jan. 30, 2007 5,752,612 April 28, 2008 147,000 32,711,811 Less Amount Already Excluded in item 2a (716,500) $ 31,995,311 Schedule F Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. 3,228,054 Less amount already excluded in item 2a 0 $ 3,228,054 William P. Kenoi +t ..-4 OF Ilq Nancy E. Crawford oow, ` Mayor Director Deanna S. Sako Deputy 'FTC OF•N~•1~ County of Hawaii DEPARTMENT OF FINANCE Mailing Address: 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720 Office Located at: 891 Ululani Street • Hilo, Hawaii 96720 (808) 961-8303 • (808) 961-8946 (FAX) October 5, 2009 Mr. Dominic Yagong Chairperson, Finance Committee County Council County of Hawaii Hilo, Hawaii 96720 Section 47C-3, Hawaii Revised Statutes, requires that a supplemental summary of the indebtedness of the County be prepared as of a date within 30 days of the delivery of a new bond issue. The enclosed summary as of October 15, 2009 is submitted for your review and concurrence. The closing of a $5,000,000 bond anticipation note on October 9, 2009 requires preparation of this report. The attached tabular summary requires concurrence from both the Chairman of the Finance Committee and the Corporation Counsel. If you concur with this summary, please sign and return the original of this letter and keep the copy for your files. If you disagree with any item, please indicate the item of disagreement and your reasons therefor. After receiving your responses, I shall transmit the summary and your responses to the County Council for its action. Thank you very much for your prompt attention to this matter. Please call me if you have any questions. Nancy E. Crawford Director of Finance Encl. I concur o not concur with the tabular summary of the net funded debt of the County of as of October 15, 2009. Reasons for non-concurrence: Chairman, Finance o i e County Council, Cou t of a ii Date: October 5, 2009 County of Hawai'i is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to: USDA, Director, Office of Civil Rights, Washington, DC 20250-9410 Or call (202) 720-5964 (Voice and TDD) COUNTY OF HAWAII Statement of Funded Debt October 15, 2009 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 317,921,346 (Schedule A) b. Special Assessment Bonds $ 1,715,000 (Schedule B) C. Other Indebtedness $ 937,128 (Schedule C) d. State Revolving Fund Loans $ 25,730,027 (Schedule D) Grand Total of Debt Outstanding & Unpaid $ 346,303,501 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 10,761,500 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 1,715,000 (Schedule B) C. State Revolving Fund principal $ 2,071,243 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 31,995,311 Reimbursable by the County Department of Water Supply (Schedule E) e. General Obligation Bonds $ 3,228,054 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule F) Total Exclusions $ 49,771,108 Net Funded Debt of the County of Hawaii $ 296,532,393 October 15, 2009 SUPPORTING SCHEDULES Statement of Funded Debt as of October 15, 2009 (Based on Records in Finance Department) Schedule A General Obligation County General Obligation Principal Amount Bonds Maturing in Bonds/Notes: Outstanding for the remainder Date of Issue October 15, 2009 of FY 2009-10 May 1, 1993 $ 25,035,000 $ 5,755,000 June 4, 1998 271,500 6,500 July 25, 2001 1,080,000 April 16, 2003 30,345,000 September 8, 2004 42,175,000 October 4, 2004 3,228,055 October 20, 2004 244,791 February 23, 2006 45,215,000 January 30, 2007 115,180,000 April 28, 2008 147,000 - December 10, 2008 50,000,000 - October 9, 2009 5,000,000 5,000,000 Total County General Obligation Bonds $ 317,921,346 $ 10,761,500 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) $ 1,715,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) $ 937,128 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in FY 2009-10 Hilo WWT Phase II $ 3,107,502 $ 748,342 Waiakea Houselots Sewer 112,632 27,124 Waiakea Mill Pond Sewer 390,499 74,291 Kealakehe Effluent Disposal 389,788 74,156 Alii Drive Interceptor A & B 907,433 95,134 Ainako Interceptor A & B 657,793 62,769 Alii Drive Interceptor C & D 1,327,924 104,632 Kalanianaole Collector Sewer 564,336 43,367 Waiaha Bay SPS 1,357,190 104,678 AIN Drive Interceptor E & F 881,254 61,724 Holualoa Sewer Pump Station 1,417,585 171,081 Paukaa Community Collector 1,184,711 55,959 Waiakea Houselots Phase II 2,840,043 132,461 Pahoehoe WWPS 1,838,753 68,864 Kalanianaole HISR 1,306,439 36,395 HI Cty Cesspool Conversion 7,446,145 210,266 $ 25,730,027 $ 2,071,243 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 $ 3,085,000 June 4, 1998 271,500 July 25, 2001 375,652 Sept 8, 2004 227,756 Oct 20, 2004 244,791 Feb. 23, 2006 22,607,500 Jan. 30, 2007 5,752,612 April 28, 2008 147,000 32,711,811 Less Amount Already Excluded in item 2a (716,500) $ 31, 995, 311 Schedule F Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. 3,228,054 Less amount already excluded in item 2a 0 $ 3,228,054