HomeMy WebLinkAboutORD 2011-081 2010-2012COUNTY OF HAWAII
STATE OF HAWAII
ORDINANCE NO. 11 ;cif
BILL NO. 77
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 $9,200,000 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, Hawci`i 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 projects 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 $9,200,000, 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 projects 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.
Hilo , Hawaii
Date of Introduction:
Date of 1st Reading:
Date of 2nd Reading:
Effective Date:
REFERENCEs Comp.
Introduced By:
COUNCIL MEMBER, COUNTY OF HAWAII
August 17, 2011
August 17, 2011
September 8, 2011
September 21, 2011
283
EXHIBIT A
WASTEWATER PUBLIC IMPROVEMENT PROJECTS (SRF FUNDED)
Project Amount
Department of Environmental Management:
Kalaniana'ole Interceptor Sewer Rehabilitation Phase II
Kula`imano and Papa`ikou Dewatering
$8,000,000
$1,200,000
OFFICE OF THE COUNTY CLERK
County of Hawai`i
Hilo, Hawai`i
Introduced By: Brenda Ford
Date Introduced: August 17, 2011
First Reading: August 17 , 2011
Published: August 26, 2011
REMARKS.
Second Reading: September 8, 2011
To Mayor: September 16, 2011
Returned: September 22, 2011
Effective: September 21, 2011
Published: September 30, 2011
REMARKS:
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'II ` CliOLLL CAtItOrE1 I
NYES
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NOES '.'
ABS
fl
EX
Blas
Ford
X
Hoffmann
X
Ikeda
X
Onishi
X
Pilago
X
Smart
X
Yagong
X
Yoshimoto
X
8
0
1
0
ROLL CALL VOTE
AYES
NOES
ABS
EX
Blas
X
Ford
X
Hoffmann
X
Ikeda
X
Onishi
X
Pilago
X
Smart
X
Yagong
X
Yoshimoto
X
9
0
0/
0
1 DO HEREBY CERTIFY that the foregoing BILL was adopted by the Cninty Council published a
indicated above.
APPROVED AS TO
FORM AND LEGALITY:
ORATION COUNSEL
COUNTY OF HAWAII
Date 9/2v //
of
isapproved this
1\ AA day
1AWa-t , 20 t\
VISIA
MAYOR, COUNTY OF HA WAI I
COUNCIL C'HAIRPE
SOU TY CLERK
J
Bill No.:
Reference:
Ord No.:
4
77
C- 283/FC -91
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