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Home My WebLink AboutCOM 0043.001 2016-2018 Harry Kim .!ec+ Collins K. Tomei Mayor ,, Director ).. Deanna S. Sako ry .i %. :.• '. Deputy County of Hawai`i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808)961-8234 • (808)961-8569(FAX) COUNTY CLERK COUNTY OF RAWAP,rI RECEIVED •�h41—�_ Time c1 fl Uri By Date MAR 21 21,11 March 21, 2017 The Honorable Valarie T. Poindexter, Chairwoman And Members of the Council County of Hawai'i 25 Aupuni Street Hilo, Hawai'i 96720 Dear Chairwoman Poindexter: In accordance with Section 47C-3, Hawaii Revised Statutes, I certify that the enclosed supplemental summary of indebtedness of the County of Hawai'i as of February 28, 2017 is correct. The issuance of$14,800,000 bond anticipation notes on February 28, 2017 requires preparation of this report. Concurrence to the supplemental summary of the Chairperson of the Finance Committee and the Corporation Counsel are also attached. Very truly yours, Collins K. Tomei Director of Finance Ends. Comm.No 3. I Redo: F Ref.Date—MAR 2 L 2011 — County of Hawaii is an Equal Opportunity Provider and EmpIN'er. Complaints or mscrimineoon should be sent to: USDA.otrecbr,Office or Cool Rights,Washington.DC 203569410 Or call(202)720-5954(Voice and TDD) Harry Kim ,;. .y;;k,Collins K. Tomei Mayor % Flr„ Director Deanna S. Sako ' '�\ �'•. Deputy Director County of Hawai`i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808)961-8234 • (808)961-8569(FAX) March 17, 2017 Mr. Joseph K. Kamelamela Corporation Counsel County of Hawaii 101 Aupuni Street, Unit 325 Hilo, Hawaii 96720 Section 47C-3, Hawai'i Revised Statutes, requires that a supplemental summary of the indebtedness of the County be prepared as of a date within 30 days of the delivery of a new note/bond issue. The enclosed summary as of February 28, 2017 is submitted for your review and concurrence. The issuance of$14,800,000 bond anticipation notes on February 28, 2017 requires preparation of this report. The attached tabular summary requires concurrence from both the Chairperson of the Finance Committee and the Corporation Counsel. If you concur with this summary, please sign and return the original of this letter and keep the yellow copy for your files. If you disagree with any item, please indicate the item of disagreement and your reasons therefore. After receiving your responses, I shall transmit the summary and your responses to the County Council for its action. Thank you very much for your prompt attention to this matter. Please call me if you have any questions. Collins K. Tomei Director of Finance End. I <ledo not concur with the tabular summary of the net funded debt of the County of Hawal'i as of February 28, 2017. Reasons for non-concurrence: Date: 3 /1-0 l t 7 Corporatio• ' ounsel County of Hawaii County or Hawaii,s an Equal Opponun ly Provider and Employe,. Harry Kim Collins IC Tomei .y ....... ... Mayor �- Director Deanna S. Sako ft 4„R Deputy Director County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720 (808) 961-8234• (808)961-8569(FAX) March 17, 2017 Councilmember Maile David Chair, Committee on Finance Hawai'i County Council 25 Aupuni Street Hilo, Hawaii 96720 Section 47C-3, Hawaii Revised Statutes, requires that a supplemental summary of the indebtedness of the County be prepared as of a date within 30 days of the delivery of a new note/bond issue. The enclosed summary as of February 28, 2017 is submitted for your review and concurrence. The issuance of$14,800,000 bond anticipation notes on February 28, 2017 requires preparation of this report. The attached tabular summary requires concurrence from both the Chairman of the Finance Committee and the Corporation Counsel. If you concur with this summary, please sign and return the original of this letter and keep the yellow copy for your files. If you disagree with any item, please indicate the item of disagreement and your reasons therefor. After receiving your responses, I shall transmit the summary and your responses to the County Council for its action. Thank you very much for your prompt attention to this matter. Please call me if you have any questions. Collins K. Tomei Director of Finance End. C.concyQr'do not concur with the tabular summary of the net funded debt of the County of Hawai'i as of February 28, 2017. `o 1l co • -..r •man mance Committee County Council, County of Hawai'i Date: C.5/ 7//77 County or Hawa'l is an Equal Opportunity Provider and Employer. COUNTY OF HAWAII Statement of Funded Debt February 28, 2017 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 431,686,124 (Schedule A) b. State Revolving Fund Loans $ 29,490,641 (Schedule B) c Other Indebtedness (Schedule E) $ 278,466 Grand Total of Debt Outstanding & Unpaid $ 461,455,231 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 2,842,766 in fiscal year 2016-17 (Schedule A) b. State Revolving Fund principal maturing $ 496,014 in fiscal year 2016-17 (Schedule B) c. General Obligation Bonds $ 29,861,558 Reimbursable by the County Department of Water Supply (Schedule C) d. General Obligation Bonds $ 2,197,435 Reimbursable by ID#18 & ID#19 property owners (Schedule D) Total Exclusions $ 35,397,773 Net Funded Debt of the County of Hawai'i $ 426,057,458 February 28, 2017 SUPPORTING SCHEDULES Statement of Funded Debt as of February 28, 2017 (Based on Records in Finance Department) Schedule A General Obligation County General Obligation Principal Amount Bonds Maturing for Bonds/Notes: Outstanding the remainder of Date of Issue February 28, 2017 FY 2016-17 October 20, 2004 $ 212,583 $ - January 30, 2007 17,445,000 - April 28, 2008 132,559 2,766 December 10, 2008 4,675,000 - July 28, 2010 29,770,000 2,840,000 February 12, 2013 82,760,000 - September 19, 2013 1,125,982 - February 18, 2016 235,765,000 - *October 6, 2016 30,000,000 - *December 1, 2016 15,000,000 - *February 28, 2017 14,800,000 - Total County General Obligation Bonds $ 431,686,124 $ 2,842,766 *Notes Payable Schedule B Principal Maturing Principal Amount for the remainder of State Revolving Fund Loans: Outstanding FY 2016-17 HI Cty Cesspool Conversion $ 4,456,342 $ 217,692 Queen Liliuokalani LCC Repl 6,508,120 - Honokaa LCC Repl 2,689,276 - Kalanianaole AISR-Phase II 5,296,111 - Kealakehe WTPAUSRP 10,540,792 278,322 $ 29,490,641 $ 496,014 SUPPORTING SCHEDULES Statement of Funded Debt as of February 28, 2017 (Based on Records in Finance Department) Schedule C General Obligation Bonds Reimbursable by the County Department of Water Supply: Oct 20, 2004 $ 212,583 Jan. 30, 2007 2,935,432 April 28, 2008 132,559 July 28, 2010 7,442,500 February 18, 2016 19,851,250 30,574,324 Less Amount Already Excluded in item 2a (712,766) $ 29,861,558 Schedule D Principal Amount Outstanding General Obligation Bonds Reimbursable by ID#18 Kona Coastview & Wonderview Subdivision lot owners. $ 1,071,453 Less Amount Already Excluded in item 2a - 1,071,453 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 1,125,982 Less Amount Already Excluded in item 2a - 1,125,982 Total Reimbursable by Improvement Districts $ 2,197,435 Principal Amount Schedule E Outstanding Other Indebtedness Office of Housing & Community Development Ouli Ekahi Housing Project (OEHP) `HHFDC Loan $ 278,466 •Hawai'i Housing Finance And Development Corporation