HomeMy WebLinkAboutCOM 0844.002 2010-2012 J�SY OFM
DENNIS "FRESH" ONISHI PHONE: (808)961-8396
FAX: (808)961-8912
Council Member ;+i,• `� .9:�%�; `,
District 4 ;i:� EMAIL:donishi @ co.hawaii.hi.us
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HAWAII COUNTY COUNCIL
Mailing Address: 25 Aupuni Street,Hilo,Hawai`i 96720
DATE: September 26, 2012
TO: Dominic Yagong, Council Chair
And Members of the Hawai`i County Council
FROM: Nik Dennis "Fresh" Onishi, Council Member
SUBJECT: Proposed Amendments to Bill No. 307, Relating to the Issuance of General
Obligation Bonds for the County of Hawaii
Please see proposed amendments to Bill No. 307. The proposed amendments below are
illustrated in Ramseyer format with respect to the contents of Bill No. 307, and are in bold for
illustrative purposes only.
1. Section 1, Findings and Determinations, is amended to read:
"SECTION 1. Findings and Determinations. The County Council hereby determines sale
and delivery of general obligation bonds of the County in an aggregate principal amount not to
exceed [$16,830,000] $26,271,120 (the"Bonds")for the purpose of funding all or a portion of the
costs of the County Projects referred to in Section 2 hereof."
2. Section 2, Authorization of Bonds, 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{$430,000]
$26,271,120, for the purpose of funding all or a portion of the costs (including costs of issuance of the
Bonds)of public improvement projects authorized and set forth as follows:
Estimated
"Project Description Cost
New South Kona Police Station 16,500,000
Repair Hilo Outfall 1,000,000
Kilauea Avenue Im s rovements 4 016 000
Kamehameha Hwy Reconstruction,Wailoa Bridge to Ponahawai Street 3,240,000
Comm.No. &-741./.'
Hawai`i County is an Equal Opportunity Provider and Employer. Ref.To:�
Ref.Dab, SEP 2 6
Hilo Munici,al Golf Course—New Cart Shed 1 000 000
[33000l
Bond Issuance Costs 515,120
116 0,0001
Total 26,271,120"
There is no attached draft copy in order to save paper and expense to the legislative branch.
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