HomeMy WebLinkAboutCOM 0531.000 2012-2014 William P. Kenoi �p�~� �'"•'!.; Nancy E. Crawford•Mayor ;• = ^ )0�1%�� Director
• _ -hs•t Deanna S. Sako
• 6, o Deputy Director
• 4T ... ....---
County of Hawaii
Finance Department
25 Aupuni Street, Room 2103 • Hilo,Hawai`i 96720
(808)961-8234 • Fax(808)961-8569
November 15, 2013
•
J Yoshimoto, Council Chair and -�
Members of the Hawai`i County Council
Hawai`i County Council
25 Aupuni Street
Hilo, Hawai`i 96720 a. —
Re: Amending the Bond Authorization Ordinance
Enclosed is a bill for an ordinance that amends Ordinance 11-40, as amended by Ordinance 13-
47, authorizing the issuance of general obligation bonds for financing public improvements. The
purpose of this measure is to amend the project authorization amounts in order to free up funds
no longer needed for projects and redirect them for other uses.
Projects "Pool Drain Covers" and "Kalaniana`ole Sewer Rehabilitation Phase 2" are being
deleted from the authorized list because they were completed with other funding. "Banyan
Beach Parking Lot" project has been postponed indefinitely due to a legal dispute related to
ownership of the property. The available funds will be used for badly needed major maintenance
on wastewater facilities and other county facilities, primarily police and fire stations. This will
include resolving ADA compliance issues, as well.
The proposed amendment to Ordinance 11-40/13-47 will redirect $7,700,000 to the referenced
new uses. There is no change to the total amount of the bond authorization.
If there are any questions, please do not hesitate to call me at 961-8234.
Nancy rawford
Finance Director
Enc.
b't \I 15 S)
Comm. No. S3
Ref. To: PL
Ref. Date NOV 15 2013
Hawai'i County is an Equal Opportunity Provider and Employer