HomeMy WebLinkAboutCOM 0611.001 2016-2018 o.•j;y .+••••, Wil Okabe
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Harry Kim %I*c•A�� %i i*
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County of Hawai`i
Office of the Mayor
25 Aupuni Street,Suite 2603 • Hilo,Hawai`i 96720 • (808)961-8211 • Fax(808)961-6553
KONA: 74-5044 Ane Keohokalole Hwy.,Bldg.C • Kailua-Kona,Hawai`i 96740
(808)323-4444 • Fax(808)323-4440 '~J c n
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December 19, 2017
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Valerie Poindexter, Council Chair and
Members of the Hawai`i County Council
Hawai`i County Council
25 Aupuni Street
Hilo, Hawai`i 96720
Re: Proposed Amendment to Bill No. 83
On November 15, 2017, Bill No. 83 was transmitted to Council. This bill authorizes the issuance
of$12,500,000 in general obligation bonds for the County of Hawai`i for capital improvement
projects. The bids received for this project necessitate that the amount be increased to
$14,500,000. We therefor request that Section 1 and Section 2 of Bill No. 83 be amended as
follows (material to be deleted is bracketed and stricken; material to be added is underscored):
"SECTION 1. Findings and Determinations. The County Council hereby determines and finds
that the issuance, sale and delivery of general obligation bonds of the County in an aggregate principal
amount not to exceed [$12,500,000] $14,500,000(the"Bonds")for the purpose of funding all or a portion
of the costs of the County Projects referred to in Section 2 hereof.
SECTION 2. Authorization of Bonds. There are hereby authorized for issuance and sale,
in one or more series,Bonds of the County, in an aggregate principal amount not to exceed [$12,500,000)
$14,500,000, for the purpose of funding all or a portion of the costs (including costs of issuance of the
Bonds) of public improvement projects of the County (collectively, the "Projects") authorized under
Ordinance 17-40, being the capital budget ordinance of the County for the fiscal year ending June 30,
2018, as heretofore or hereafter amended from time to time, or under the capital budget ordinance of the
County for any prior or subsequent fiscal year." r_ (I t
Comm. No.
Ref. T4:_ 1c .
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Ref. Date D1c L 0 D
County of Hawaii is an Equal Opportunity Provider and Employer.
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Page 2
December 19, 2017 •
No other sections of this bill are changed by this amendment.
If there are any questions, please do not hesitate to call Deanna Sako at 961-8234.
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Harry Kim
Mayor
County of Hawaii is an Equal Opportunity Provider and Employer.