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COUNTY OF HAWAII •;6 '-`' /. :• STATE OF HAWAII
BILL NO. 233
(DRAFT 2)
ORDINANCE NO. 14 68
AN ORDINANCE AMENDING CHAPTER 2, ARTICLE 13, SECTION 2-75, HAWAII
COUNTY CODE 1983 (2005 EDITION, AS AMENDED) RELATING TO USE OF
REVOLVING FUND.
BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII:
SECTION 1. The purpose of this amendment is to expand the use of the revolving fund
to allow for the development of housing and not only the preparation for the development of
housing.
SECTION 2. Chapter 2, Article 13, Section 2-75, Hawai`i County Code 1983 (2005
edition, as amended), is hereby amended to read as follows:
Section 2-75. Use of revolving fund.
The revolving fund shall be utilized to pay for items such as: (a)
[contractual services, housing surveys,travel, supplies and materials, and other
front end costs related to] the development of housing, and (b)to exercise the
buy-back option running in favor of the County contained in any conveyance
document and to pay the costs of maintaining, repairing, renting, or reselling units
purchased by the County pursuant thereto. Any interest earned by the fund and
any advanced costs that are recovered from housing project funds shall be
returned to the revolving fund.
SECTION 3. Material to be repealed is bracketed and stricken. New material is
underscored. In printing this ordinance, the brackets, bracketed and stricken material and
underscoring need not be included.
SECTION 4. Severability. If any provision of this ordinance, or the application thereof to
any person or circumstance is held invalid, such invalidity shall not affect other provisions or
applications of the ordinance which can be given effect without the provision or application, and,
to the end, the provisions of this ordinance are declared to be severable.
SECTION 5. This ordinance shall take effect upon approval.
INTRODUCED BY:
V2/010 Ci(92-"ahae-A"--)
COUNCIL MEMBER, COUNTY OF HAWAII
Kona , Hawai`i
Date of Introduction: April 16, 2014
Date of 1st Reading: April 16, 2014
Date of 2nd Reading: May 1, 2014
Effective Date: May 21, 2014
REFERENCE Con n. 793.2
2
OFFICE OF THE COUNTY CLERK COUNTY CLERK
County of Hawaii
COUNT ' CF !-;AWA11
Kona, Hawai`i
(Draft 2) 7014 MAY 21 PH I: 00
Introduced By: Valerie T. Poindexter ROLL CALL VOTE
Date Introduced: April 16, 2014 AYES NOES ABS EX
First Reading: April 16, 2014 Eoff X
Published: N/A Ford X
Ilagan X
REMARKS: Kanuha X
Kern X
Onishi X
Poindexter X
Wille X
Yoshimoto X
Second Reading: May 1, 2014 9 0 0 0
To Mayor: May 9, 2014
Returned: May 21, 2014 ROLL CALL VOTE
Effective: May 21, 2014 AYES NOES ABS EX
Published: May 30, 2014 Eoff X
Ford X
REMARKS: -
X
Kanuha X
Kern X
Onishi X
Poindexter X
Wille X
Yoshimoto X
8 0 1 0
I DO HEREBY CERTIFY that the foregoing BILL was adopted by the County Council published as
indicated above.
CO NCIL CHAIRPERSON
r'l
Ap ved Dis proved this �� day
of MA, , 20 (tf COUNTY CLERK
Bill No.: 233 (Draft 2)
MAYOR, COUNTY OF HAWAII C-793 . 2/waived-FC
Reference:
Ord No.: 1.4 68