HomeMy WebLinkAboutCOM 0558.000 2016-2018 Harry Kim •"o0+t�°i•".�y� Deanna S. Sako
Mayor : �,�Ji,! Director
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25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720 113 =f—
(808)961-8234 • Fax(808)961-8569
October 18, 2017 `f
Valerie Poindexter, Council Chair and
Members of the Hawai`i County Council
Hawai`i County Council
25 Aupuni Street
Hilo, Hawai`i 96720
Re: Resolution to adopt USDA Form Resolution 1780-27
The County of Hawai`i proposes to issue its general obligation bonds to evidence its
repayment obligations for a loan to be obtained from the United States of America, acting
through the United States Department of Agriculture, Rural Utilities Service ("USDA"), in an
amount not to exceed $2,437,000. These bonds are to fund a portion of the costs of certain
public sewer system improvements for the Lono Kona Subdivision, in North Kona, Hawai`i.
Enclosed is a resolution requesting the Council to authorize the adoption of USDA Form
Resolution 1780-27 providing for a USDA loan to finance the improvements indicated above.
Time is of the essence regarding this and the accompanying resolution and bill. We therefore
ask that a breach be authorized to submit this resolution after the October 16, 2017
submission deadline, and to waive it-from the Finance Committee in order to be placed on the
November 2, 2017 Council agenda. We also request that the five-day hold be waived in order
to further expedite this resolution. If there are any questions, please do not hesitate to call
Robin Bauman of the Department of Environmental Management at 961-8179.
Deanna S. Sako
Director of Finance
Enc.
c: Environmental Management Comm.No, GJ `J 55
Ref.To; COG b ( Ui I Fr)
<? e r. 377- 17, Ref.Date 1 A1l1
Hawaii County is an Equal Opportunity Employer and Provider
MAILE MEDEIROS DAVID ".'•., AARON S.Y.CHUNG
Chairperson .• -1=`7",. •1Jr%�; DRU MAMO KANUHA
•
;I•?,(��'•!°s�'/, :• SUSAN L.K.LEE LOY
KAREN EOFF EILEEN O'HARA
Vice Chair •�, 11.'YVALERIE T.POINDEXTER
HERBERT M."TIM"RICHARDS,III
JENNIFER RUGGLES
HAWAII COUNTY COUNCIL
County of Hawai'i
Hawaii County Building
25 Aupuni Street
Hilo,Hawai`i 96720
October 19, 2017
Valerie T. Poindexter, Chairperson
Hawai`i County Council
25 Aupuni Street
Hilo, Hawai`i 96720
RE: Resolution No. 377-17 : RESOLUTION AUTHORIZING THE ADOPTION OF
USDA FORM RESOLUTION 1780-27 PROVIDING FOR A UNITED STATES
DEPARTMENT OF AGRICULTURE LOAN TO FINANCE CERTAIN PUBLIC
SEWER SYSTEM IMPROVEMENTS FOR THE LONO KONA SUBDIVISION,
NORTH KONA, HAWAII; AUTHORIZING THE EXECUTION OF AN AGREEMENT
WITH THE UNITED STATES OF AMERICA DEPARTMENT OF AGRICULTURE,
PURSUANT TO HRS 46-7, FOR A GRANT FOR COSTS OF SUCH PUBLIC SEWER
SYSTEM IMPROVEMENTS; AND AUTHORIZING THE MAYOR, THE DIRECTOR
OF ENVRONMENTAL MANAGEMENT, THE DIRECTOR OF FINANCE AND THE
CHAIR OF THE COUNTY COUNCIL TO TAKE ALL ACTIONS NECESSARY TO
FACILITATE SUCH LOAN AND GRANT
Pursuant to Section 2(g) of Rule 4 of the Rules of Procedure of the Council of the County of
Hawai`i, this written request is submitted with my approval that the above-referenced matter be
waived from the Committee on Finance to the full Council for immediate action. In reviewing
this matter, timely approval is crucial. It is therefore advantageous that approval is granted and
the matter be placed onto the next Council agenda for review. However, in the event this request
is denied, for whatever reason, I understand the matter shall be referred to the Committee on -
Finance for placement on its future agenda.
Sincerely,
r<tAr •
'ai e David, irperson
Committee on Finance
late,•roved Date/Waive to Council: Disapproved/Date/Refer to FC:
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Valerie T. Poindexter, Chairperson Valerie T. Poindexter, Chairperson
Hawai`i County Council Hawai`i County Council
• Hawai`i County is an Equal Opportunity Provider and Employer