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Home My WebLink AboutCOM 0145.000 2010-2012 William P. Kenoi M AY OF i t, Nancy E. Crawford Mayor Director $' Deanna S. Sako '� •' Deputy �T County of Hawai' i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961 -8234 • (808) 961 -8569 (FAX) ti March 17, 2011 The Honorable Dominic Yagong, Chairman And Members of the Council County of Hawai'i 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Yagong: In accordance with Section 47C -3, Hawaii Revised Statutes, I certify that the enclosed supplemental summary of indebtedness of the County of Hawai'i as of March 10, 2011 is correct. The closing of a $10,000,000.00 bond anticipation note on March 2, 2011 requires preparation of this report. Concurrence to the supplemental summary of the Chairperson of the Finance Committee and the Corporation Counsel are also attached. Very truly yours, Nancy L Crawford Director of Finance Encls. Comm. No.___L__ Ref. To: EC- Ref. Date MAR 2 2 2 011 County of Hawal'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) William P. Kenoi +t V , OF j" Nancy E. Crawford Mayor Director Deanna S. Sako ' Deputy Director of • M► ar County of Hawai' i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808) 961 -8517 • (808) 961 -8569 (FAX) March 10, 2011 Councilperson Brenda Ford Chairperson, Finance Committee County Council County of Hawai'i Hilo, Hawai'i 96720 Section 47C -3, Hawai'i 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 March 10, 2011 is submitted for your review and concurrence. The closing of $10,000,000 in bond anticipation notes on March 2, 2011 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 therefore. 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. lk�o P ,,,Nancy E. Crawford Director of Finance Encl. I oncu /do not concur with the tabular summary of the net funded debt of the County of Hawai'i as of March 10, 2011. Reasons for non - concurrence: Chairman, Fina ce Committee County Council, County of Hawaii Date: 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 Oi N Nancy E. Crawford Mayor; ••�a Director Deanna S. Sako ' Deputy Director - County of Hawai' i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961 -8234 • (808) 961 -8569 (FAX) March 10, 2011 Mr. Lincoln Ashida Corporation Counsel County of Hawai'i 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 March 10, 2011 is submitted for your review and concurrence. The closing of $10,000,000 in bond anticipation notes on March 2, 2011 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 therefore. 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. �lancy E. Crawford Director of Finance Encl. I ncur o not concur with the tabular summary of the net funded debt of the County of Haw i i as of March 10, 2011. Reasons for non - concurrence: Date: MAR 10 2011 Corporation Counsel County of Hawai'i 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 March 10, 2011 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds/ $ 362,304,469 Notes (Schedule A) b. Other Indebtedness $ 894,750 (Schedule B) C. State Revolving Fund Loans $ 27,876,535 (Schedule C) Grand Total of Debt Outstanding & Unpaid $ 391,075,754 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 6,082,170 in fiscal year 2010 -11 (Schedule A) b. State Revolving Fund principal $ 4,728,332 maturing in fiscal year 2010 -11 (Schedule C) C. General Obligation Bonds $ 44,673,293 Reimbursable by the County Department of Water Supply (Schedule D) d. General Obligation Bonds $ 3,131,694 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule E) Total Exclusions $ 58,615,489 Net Funded Debt of the County of Hawaii $ 332,460,265 March 10, 2011 SUPPORTING SCHEDULES Statement of Funded Debt as of March 10, 2011 (Based on Records in Finance Department) Schedule A County General Obligation Principal Amount General Obligation Bonds /Notes: Outstanding Bonds Maturing in Date of Issue March 10, 2011 FY 2010 -11 May 1, 1993 $ 19,280,000 $ 6,080,000 April 16, 2003 28,735,000 - September 8, 2004 38,500,000 - October 4, 2004 3,131,694 - October 20, 2004 240,775 - February 23, 2006 43,450,000 - January 30, 2007 110,485,000 - April 28, 2008 147,000 2,170 December 10, 2008 48,335,000 - July 28, 2010 60,000,000 March 2, 2011 10,000,000 Total County General Obligation Bonds /Notes $ 362,304 $ 6,082,170 Notes payable Schedule B Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) $ 894,750 Schedule C Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in FY 2010 -11 Hilo WWT Phase II $ 1,592,109 $ - Waiakea Houselots Sewer 57,706 - Waiakea Mill Pond Sewer 316,208 76,148 Kealakehe Effluent Disposal 239,622 - Alii Drive Interceptor A & B 618,036 - Ainako Interceptor A & B 467,540 - Alii Drive Interceptor C & D 1,010,785 - Kalanianaole Collector Sewer 476,946 44,687 Waiaha Bay SPS 1,038,770 - Alii Drive Interceptor E & F 693,271 - Holualoa Sewer Pump Station 1,159,021 88,804 Paukaa Community Collector 1,072,203 57,294 Waiakea Houselots Phase II 2,436,822 - Pahoehoe WWPS 1,629,045 - Kalanianaole HISR 1,195,693 - HI Cty Cesspool Conversion 7,125,399 311,304 Queen Liliuokalani LCC Repl 3,617,194 1,019,929 Komohana Heights LCC Repl 997,091 997,091 Honokaa LCC Repl 2,133,074 2,133,074 $ 27,876,535 $ 4,728,332 Schedule D General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 $ 2,375,000 Sept 8, 2004 185,076 Oct 20, 2004 240,775 Feb. 23, 2006 21,725,000 Jan. 30, 2007 5,752,612 April 28, 2008 147,000 July 28, 2010 15,000,000 45,425,463 Less Amount Already Excluded in item 2a (752,170) $ 44,673,293 Schedule E Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. $ 3,131,694 Less Amount Already Excluded in item 2a 0 $ 3,131,694