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William P. Kenai <br />May, <br />February 16, 2016 <br />County of Hawaii <br />Finance Department <br />25 Anpuni Street, Stine 2103 • Hila, it wa'i 96720 <br />(808)961-8234 . Fae(808)961-8569 <br />Dru Kanuha, Council Chair and <br />Members of the Hawaii County Council <br />Hawaii County Council <br />25 Aupuni Street <br />Hilo, Hawaii 96720 <br />Re: Wastewater Improvement Project <br />Deanna S. Sako <br />Dtreno. <br />Lisa K. Miura <br />Deputy Dirennr <br />The State Department of Health has issued a commitment letter indicating that funding through the <br />State Water Pollution Control Revolving Fund Loan Program will be available for the following <br />project: <br />Kealakehe Scrap Metal Yard Remediation: $6,000,000 <br />Enclosed is a bill for an ordinance authorizing the Mayor to enter into an intergovernmental <br />agreement for a State Water Pollution Control Revolving Fund Loan (SRF) of $6,000,000 and <br />authorizing the issuance of general obligation bonds for the purpose of financing this improvement <br />project. <br />Pursuant to the County Procedures Manual for Participation in the Hawaii State Revolving Fund <br />Loan Program, prepared by the Wastewater Branch of the Hawaii Department of Health in April <br />1994, part of the loan application process requires a `resolution or ordinance passed by the County <br />Council which authorizes the SRF loan application and identifies the dedicated sources) of revenue <br />(i.e., general obligation bonds) which will fund the project and repayment of the loan with interest" <br />The Council's authorization of the issuance of general obligation bonds will serve as a pledge of its <br />general obligation authority as security for repayment of the loan and interest. <br />We request that this bill be waived from committee and that a breach be authorized for transmittal to <br />Council in order to expedite this project. If there are any questions, please do not hesitate to call <br />Robin Bauman of the Department of Environmental Management at 981-8179. <br />Deanna S. Sako <br />Director of Finance <br />Enc. t <br />cc: Environmental Management Comm. No. I 1 Z <br />Ref. To: eiw [wC <br />C6tu ,S�> HawaitiCounty isanEqual Opportunity Provider and Employer Ref. Dote FEB 17 2016 <br />