HomeMy WebLinkAboutORD 2016-070 2014-2016 OJMtYfOF yN, .•,•
^�a�3\�1I tel
COUNTY OF HAWAII •: '!°: / •- STATE OF HAWAII
'• eT• •lw Mow:•'� :
BILL NO. 202
ORDINANCE NO. 16 70
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
WASTEWATER PUBLIC IMPROVEMENT PROJECTS; AND AUTHORIZING
THE ISSUANCE OF $68,000,000 GENERAL OBLIGATION BONDS OF THE
COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING QUALIFIED
WASTEWATER 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 Hawaii, to finance the construction of the wastewater 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 $68,000,000, 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
wastewater 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:
re8V--
COUNCIL MEMBER, COUNTY OF HAWAII
Hilo , Hawai`i
Date of Introduction: May 4, 2016
Date of 1St Reading: May 4, 2016
Date of 2nd Reading: May 17, 2016
Effective Date: June 13, 2016
REFERENCE Comm. 872
EXHIBIT A
WASTEWATER PUBLIC IMPROVEMENT PROJECTS (SRF FUNDED)
Project Amount
Department of Environmental Management:
Kealakehe Wastewater Treatment Plant R-1 Upgrade $54,000,000
Pua Force Main Installation and Rehabilitation $14,000,000
OFFICE OF THE COUNTY CLERK ' `` ' `
County of Hawai`i
Hilo, Hawai`i 70$6 rr A r,1. H: 55
Introduced By: Karen Eoff ROLL CALL VOTE
Date Introduced: May 4, 2016 AYES NOES ABS EX
First Reading: May 4, 2016 Chung X
Published: May 14,, 2016 David X
Eoff X
REMARKS: Ilagan X
Kanuha X
Onishi X
Paleka X
Poindexter X
Wille X
Second Reading: May 17, 2016 9 0 0 0
To Mayor: May 26, 2016
Returned: June 13, 2016
ROLL CALL VOTE
Effective: June 13, 2016 AYES NOES ABS EX
Published: June 25, 2016 Chung X
David X
REMARKS: Eoff X
Ilagan X
Kanuha X
Onishi X
Paleka X
Poindexter X
Wille X
7 0 2 0
I DO HEREBY CERTIFY that the foregoing BILL was adopted by the County Council published as
indicated above.
r`' ��j COUNCIL - A RPE'
Approved/ ' approved this ✓ 3 day
of -"""'(/ , 20 IlO . COUNT ERK
Bill No.: 202
MAYOR, COUNTY OF HAWAIIC-872/waived-FC
Reference:
Ord No.: 1.6 70