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(C11.,9.f M11'..William P.Kenoi • _ \,j�;�� NancyD QCrrawford <br /> : ., �� <br /> sue` " � <br /> Mayor ��• <br /> 'r- Deanna S. Sako <br /> •r .e!�'p` Deputy Director <br /> County of Hawaii <br /> Finance Department ', <br /> 25 Aupuni Street, Suite 2103 • Hilo,Hawaii 96720 'vJ <br /> (808)961-8234 • Fax(808)961-8569 <br /> July 13, 2012 <br /> Dominic Yagong, Council Chair and <br /> Members of the Hawaii County Council <br /> Hawai'i County Council <br /> 25 Aupuni Street <br /> Hilo, Hawaii 96720 <br /> Re: Capital Budget <br /> Enclosed is a bill for an ordinance adding the North Kalaniana'ole Interceptor Sewer <br /> Rehabilitation Phase II project for $622,000 into this fiscal year's (FY2012-13) Capital <br /> Budget. An interim SRF Loan has been executed with the State of Hawaii Department of <br /> Health in the amount of$8 million as authorized by Ordinance 11-81. A construction <br /> contract has been awarded for this project with a Notice to Proceed date of June 25, 2012. <br /> Based on the awarded bid price, the County is eligible for a maximum loan amount of <br /> $8,621,409 which includes up to 10% for contingencies and a design allowance of <br /> $380,362. <br /> This request is to increase the appropriation for SRF funding for this project to the <br /> maximum available loan amount in order to take advantage of the lower interest rates, <br /> should contingency items arise. <br /> If there are any questions, please do not hesitate to call Robin Bauman of the Department <br /> of Environmental Management at 981-8324. <br /> ..,-,Nancy Crawford <br /> Director of Finance <br /> Enc. <br /> cc: Environmental Mgmt <br /> (B; L 262-) <br /> Comm.No. 18.2— <br /> Ref.To: F- <br /> Ref. Date JUL 1 3 ZO 7 <br /> Hawaii County is an Equal Opportunity Provider and Employer <br />