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;NtYfos q , <br /> COUNTY OF HAWAII STATE OF HAWAII <br /> :+ <br /> ' ' ... <br /> �reoFN'o.'�` <br /> BILL NO. 9 <br /> (DRAFT 2) <br /> ORDINANCE NO. 1-7 19 <br /> AN ORDINANCE AMENDING ORDINANCE NO. 12-129, WHICH AUTHORIZED THE <br /> MAYOR TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT FOR A STATE <br /> WATER POLLUTION CONTROL REVOLVING FUND LOAN FOR WASTEWATER PUBLIC <br /> IMPROVEMENT PROJECTS AND AUTHORIZED THE ISSUANCE OF GENERAL <br /> OBLIGATION BONDS FOR THE PURPOSE OF FINANCING QUALIFIED WASTEWATER <br /> PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII. <br /> BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: <br /> SECTION 1. The title of Ordinance No. 12-129 is hereby amended to read as follows: <br /> "AN ORDINANCE AUTHORIZING THE MAYOR OF THE COUNTY OF HAWAII <br /> TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT FOR A STATE <br /> WATER POLLUTION CONTROL REVOLVING FUND LOAN FOR WASTEWATER <br /> PUBLIC IMPROVEMENT PROJECTS; AND AUTHORIZING THE ISSUANCE OF <br /> [$9,8� v 2,000] $11,322,000 GENERAL OBLIGATION BONDS OF THE COUNTY OF <br /> HAWAII FOR THE PURPOSE OF FINANCING QUALIFIED WASTEWATER <br /> PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII" <br /> SECTION 2. Section 1 of Ordinance No. 12-129 is hereby amended to read as follows: <br /> "SECTION 1. Request for Loan. The County of Hawaii, pursuant to Section <br /> 342D-54, Hawaii Revised Statutes, will be submitting an application for a State <br /> Water Pollution Control Revolving Fund Loan (SRF Loan) to the Director of the <br /> Department of Health, State of Hawaii, to finance the construction of the <br /> wastewater projects listed in "[Exhibit A, Draft 2] Exhibit A, Draft 3". <br /> "Under the terms and conditions anticipated with regard to such SRF loan, <br /> the County shall repay, over a term of twenty years, the principal amount, which <br /> shall not exceed [$9,822,000] $11,322,000, at a fixed rate of interest which shall <br /> not exceed the Bond Buyer's 20-year general obligation bond issue." <br /> SECTION 3. Material to be repealed is bracketed and stricken. New material is <br /> underscored. <br /> SECTION 4. The only changes to Ordinance 12-129 are reflected solely in the monetary <br /> amount indicated in the Ordinance Title, Section 1, and in the second project's title name and <br /> monetary amount listed in Exhibit A, Draft 2 which has been replaced with a new exhibit labeled <br /> as Exhibit A, Draft 3. <br />