HomeMy WebLinkAboutORD 2017-048 2016-2018COUNTY OF HAWAII
STATE OF HAWAII
ORDINANCE NO. 17 4
BILL NO. 32
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 IMPROVEMENT PROJECTS; AND AUTHORIZING THE
ISSUANCE OF $20,000,000 GENERAL OBLIGATION BONDS OF THE
COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING THE SOUTH
HILO SANITARY LANDFILL FINAL CLOSURE PROJECT
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 Solid Waste improvement 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 $20,000,000, 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 improvement 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:
COUNCIL MEMBER, COUNTY OF HAWAII
Kona , H awa i i
Date of Introduction:
June
7,
2017
Date of 1St Reading:
June
7,
2017
Date of 2nd Reading:
June
23,
2017
Effective Date:
July
5,
2017
REFERENCE Comm. 274
EXHIBIT A
SOLID WASTE IMPROVEMENT PROJECT (SRF FUNDED)
Project Amount
Department of Environmental Management:
South Hilo Sanitary Landfill Final Closure $20,000,000
OFFICE OF THE COUNTY CLERK
County of Hawaii
Kona, Hawaii
Introduced By:
Date Introduced:
First Reading:
Published:
REMARKS:
Maile David (B/R)
June 7, 2017
June 7, 2017
June 17, 2017
2017
July
6',
2017
July
5,
Second Reading:
To Mayor:
Returned:
Effective:
Published:
rill Du_X'�
June 23, 2017
July
3,
2017
July
6',
2017
July
5,
2017
Julv
22,
2017
(.'OUNNCLERK
tDuNTYoFHAWAU
�T.Tim 9 ��a
ROLL CALL VOTE
AYES
NOES
ABS
EX
Chung
X
David
X
Eoff
X
Kanuha
X
Lee Loy
X
O'Hara
X
Poindexter
X
X
Richards
X
Ruggles
X
9
0
0
0
ROLL CALL VOTE
AYES
NOES
ABS
EX
Chung
X
David
X
Eoff
X
Kanuha
X
Lee Loy
X
O'Hara
X
Poindexter
X
Richards
X
Ruggles
X
8
0
1
0
I DO HEREBY CERTIFY that the foregoing BILL was adopted by the County Council published as
indicated above.
CA!F
A proved isapproved this
of , 20 t 1
MAYO COUNT _ _ WAI `I
IL CHAIRPERSON
day
co
CLERK
Bill No.:
Reference:
32
C-274/FC-19
Ord No.: 17 48