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COUNTY OF HAWAII STATE OF HAWAII <br /> BILL NO. 302 <br /> ORDINANCE NO. 98 119 <br /> AN ORDINANCE FOR TERMINATION OF IMPROVEMENT DISTRICT NO. 16 <br /> AND CANCELLATION OF ASSESSMENT INSTALLMENTS AND RELATING TO <br /> REFUNDS FOR COUNTY OF HAWAII IMPROVEMENT DISTRICT NO. 16 <br /> (KEAAU AGRICULTURAL LOTS). <br /> BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: <br /> SECTION 1. Cancellation of Installments 152 through 240. <br /> Installments 152 through 240 of Improvement District 16, Keaau Agricultural Lots, are <br /> hereby cancelled. <br /> SECTION 2. Cash Refunds for Installments 152 through 240. <br /> The Director of Finance shall make refunds of the total cash paid on prepaid installments <br /> 152 through 240 to the persons who are the owners of the assessed lots at the time of <br /> actual refund. <br /> SECTION 3. Other Cash Refunds. <br /> The Director of Finance is authorized to distribute any cash remaining in the accounts of <br /> the improvement district after the refunds authorized in Section 2 above, to the owners at <br /> the time of actual refund, a pro rata refund equal to the amount necessary to ensure that <br /> each lot has paid the same proportionate share of the original assessment; provided, that <br /> the Director of Finance may, in determining the amount of such distribution, reduce said <br /> amount to such amount as will facilitate the more efficient and expeditious payment of <br /> such distribution; and provided, further, that the Director of Finance may reserve such <br /> amounts as he deems necessary to cover any outstanding or anticipated debts or <br />