HomeMy WebLinkAboutORD 2016-029 2014-2016 oilr of,
COUNTY OF HAWAII -• .',-=%:%/=t- STATE OF HAWAII
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BILL NO. 157
ORDINANCE NO. ±6 29
AN ORDINANCE AUTHORIZING THE MAYOR OF THE COUNTY OF
HAWAII TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT FOR
A STATE WATER POLLUTION CONTROL REVOLVING FUND LOAN FOR
SOLID WASTE PUBLIC IMPROVEMENT PROJECTS; AND AUTHORIZING
THE ISSUANCE OF $6,000,000 GENERAL OBLIGATION BONDS OF THE
COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING QUALIFIED
SOLID WASTE PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII
BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII:
SECTION 1. Request for Loan. The County of Hawaii, pursuant to Section 342D-
54, Hawaii Revised Statutes, will be submitting an application for a State Water Pollution •
Control Revolving Fund Loan (SRF Loan) to the Director of the Department of Health,
State of Hawai`i, to finance the construction of the solid waste project listed in "Exhibit A".
Under the terms and conditions anticipated with regard to such SRF loan, the
County shall repay, over a term of twenty years, the principal amount, which shall not
exceed $6,000,000, at a fixed rate of interest which shall not exceed the Bond Buyer's
20-year general obligation bond issue.
SECTION 2. Authorization of Mayor. The Council hereby authorizes the Mayor to
execute all necessary intergovernmental agreements and documents between the State
of Hawaii and the County of Hawaii, relating to the SRF to finance the construction of the
solid waste project listed in "Exhibit A".
SECTION 3. Pledge of the County's full faith and credit. The County also pledges
its full faith and credit including but not limited to the County's general taxing power, as
security for repayment of the loan, payment of interest, payment of any loan fees, and
including a covenant to exercise the County's authority as needed. The principal and
interest payments, and any loan fee payments, shall be a first charge on the General
Fund of the County.
SECTION 4. Effective Date. This Ordinance shall take effect upon its approval.
Introduced By:
0 I
COUNCIL MEMBER, COUNTY OF HAWAII
Hilo , Hawai'i
Date of Introduction: March 16, 2016
Date of 1St Reading: March 16, 2016
Date of 2nd Reading: .April 6 2016
Effective Date: April 22, 2016
712
REFERENCE Comm.
EXHIBITA
SOLID WASTE PUBLIC IMPROVEMENT PROJECTS (SRF FUNDED)
Project Amount
Department of Environmental Management:
Kealakehe Scrap Metal Yard Remediation $6,000,000
OFFICE OF THE COUNTY CLERK C`'j is . a ,a
County of Hawai`i d�O :f' ,r,,�`° a
Hilo, Hawai`i
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Introduced By: Karen Eo f f ROLL CALL VOTE
Date Introduced: March 16, 2016 AYES NOES ABS EX
First Reading: March 16, 2016 Chung X
Published: March 26, 2016 David X
Eoff X
REMARKS. Ilagan X
Kanuha X
Onishi X
Paleka X
Poindexter X
Wille X
Second Reading: April 6, 2016 8 0 1 0
To Mayor: April 14, 2016
Returned: April 22, 2016 ROLL CALL VOTE
Effective: April 22, 2016
AYES NOES ABS EX
Published: April 30, 2016 Chung X
David X
REMARKS' Eoff X
Ilagan X
Kanuha X
Onishi X
Paleka X
Poindexter X
Wille X
8 0 1 0
I DO HEREBY CERTIFY that the foregoing BILL was adopted by the County Council published as
indicated above.
'-----D/ 1
rr COUNCIL CHAIRPERSON
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Appro d/Disapproved this 22 day 1
. /
4#of i I , 20 1C9 TY CLERK
l"— Q______Th --------______ Bill No.: 157
MAYOR, COUNTY OF HAWAII0-712/Council
Reference:
Ord No.: b 29