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: : .:'1,,,'--'.....\,140 '. <br /> COUNTY OF HAWAII :•(A t';\4% • STATE OF HAWAII <br /> �rE c�•M►..P_. <br /> BILL NO. 307 <br /> ORDINANCE NO. <br /> AN ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS <br /> OF THE COUNTY OF HAWAII FOR THE PURPOSE OF FUNDING ALL OR A PORTION <br /> OF THE COSTS OF VARIOUS PUBLIC IMPROVEMENT PROJECTS; FIXING THE FORM, <br /> DENOMINATIONS, AND CERTAIN OTHER DETAILS OF SUCH BONDS AND <br /> PROVIDING FOR THEIR SALE TO THE PUBLIC; AND AUTHORIZING THE TAKING OF <br /> OTHER ACTIONS RELATING TO THE ISSUANCE AND SALE OF THE BONDS. <br /> BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: <br /> SECTION 1. Findings and Determinations. The County Council hereby determines <br /> sale and delivery of general obligation bonds of the County in an aggregate principal amount not to <br /> exceed $16,830,000 (the "Bonds") for the purpose of funding all or a portion of the costs of the County <br /> Projects referred to in Section 2 hereof. <br /> SECTION 2. Authorization of Bonds. There are hereby authorized for issuance and <br /> sale, in one or more series, Bonds of the County, in an aggregate principal amount not to exceed <br /> $16,830,000, for the purpose of funding all or a portion of the costs (including costs of issuance of the <br /> Bonds)of public improvement projects authorized and set forth as follows: <br /> Project Description Estimated Cost <br /> New South Kona Police Station 16,500,000 <br /> Bond Issuance Costs 330,000 <br /> Total 16,830,000 <br /> SECTION 3. Details of Bonds. The Bonds authorized for issuance and sale hereunder <br /> shall be issued and sold in one or more or as part of a series of other general obligation bonds of the <br /> County, all as shall be determined by the Director of Finance to be in the best interest of the County. <br /> The Bonds of a series shall be issued in fully registered form without coupons in the denomination of <br /> $5,000 or any integral multiple of $5,000, or in such other denominations as the Director of Finance <br /> shall determine. The Bonds of a series shall be numbered from 1 upwards in chronological order of <br /> delivery or shall be numbered in any other manner as the Director of Finance shall determine. The <br />