HomeMy WebLinkAboutCOM 0972.002 2008-2010BRENDA J. FORD
Council Member
District 7 - Central Kona
Phone: (808)326-5684
Fax: (808)329-4786
E -Mail: bford @co.hawaii.hi.us
HAWAII COUNTY COUNCIL
County of Hawai `i
Kailua Trade Center
75 -5706 Hanama Place, Suite 109
Kailua -Kona, Hawai 'i 96740 C,M.
DATE: October 18, 2010
TO: J. Yoshimoto, Chairperson, -
and Members of the Hawaii County Council
FROM: renda J. Ford, Council Member
SUBJECT: Proposed Amendments to Bill 311; An Ordinance Authorizing The Issuance Of
General Obligation Bonds of the County of Hawaii for the Purpose of Funding All
or a Portion of the Costs of Various Public Improvement Projects; Fixing the Form,
Denominations, and Certain Other Details of Such Bonds and Providing for Their
Sale to the Public; and Authorizing the Taking of Other Actions Relating to the
Issuance and Sale of the Bonds
Please find below proposed amendments to Bill 311. The proposed amendments are indicated
by Ramseyer format with respect to Bill 311 and bolded for illustrative purposes. The proposed
amendments are as follows (material to be added is underscored):
1. Section 2 of Bill 311 is amended to read:
"SECTION 2. Authorization of Bonds There are hereby authorized for issuance and
sale, in one or more series, Bonds of the County, in an aggregate principal amount not to
exceed $56,000,000, for the purpose of funding all or a portion of the costs (including
costs of issuance of the Bonds) of public improvement projects of the County (the
"County Projects ") authorized under Ordinance Nos. 08 -79, 09 -65 and 10 -60, being the
capital budget ordinances of the County for the fiscal years ending June 30, 2009, June
30, 2010 and June 30, 2011, as heretofore or hereafter amended from time to time, or
under the capital budget ordinance of the County for any subsequent fiscal year. Each
Gorpau Rio. '?72-.'2
Serving the Interests of the People of Our Island Ref. Tot
R6f Date 'DL T19 2010
Hawai `i County Is An Equal Opportunity Provider And Emplover
project and its associated cost are set forth in the attached document titled:
"Exhibit "A ": Project Listing. "
2. Exhibit "A" is added to Bill 311 to identify the projects, each project's associated cost
estimate, and provide other pertinent details.
In an effort to conserve resources, only the proposed exhibit is attached. No draft copy of Bill
311, Draft 2, is provided.
BJF:dkr
att.
EXHIBIT " A ll :
PROJECT LISTING
DISTRICT
DISTRICT
DEPT
PROJECT
AMOUNT
Kohala, Puna
9,5
Housing
Kawaihae Housing Closure
1,000,000
N. Kona
8
Housing
Kaloko Housing Project
4,000,000
Varies
Varies
P &R
Pool Drainage Covers
500,000
Hawaiian Paradise Park -
Lower Puna
5
P &R
Recreational Facilities
5,500,000
Kikala- Ke6kea New Park
Lower Puna
5
P &R
Development
100,000
North Kohala Recreational
North Kohala
9
P &R
Facilities Repair & Upgrade
2,000,000
N. Kona
7
P &R
Banyan Beach Parking Lot
300,000
S. Hilo
2,3,4
DPW
Kapi`olani Street Extension
8,700,000
Puna Makai Alternate Roadway
Puna
5,6
'
DPW
500,000
'
(PMAR)
N. Kona
7
DPW
La`aloa Street Extension
20,000,000
Energy Efficiency & Related
Varies
Varies
DPW
4,000,000
Maintenance Upgrades
Ka`n
6
DEM
Wai`6hinu Transfer Station
8,800,000
Waimea Recycle & Transfer
Kohala
9
DEM
Station Garage
100,000
Finance
Bond Issuance Costs
500,000
7
TOTAL
56,00000