HomeMy WebLinkAboutCOM 1014.000 2016-2018 •
Harry Kim0151 of"�`s.;, Deanna S. Sako
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County of Hawaii
Finance Department
25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720
(808)961-8234 • Fax(808)961-8569
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July 27, 2018 4.0Q n
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Valerie Poindexter, Council Chair and
Members of the Hawai`i County Council ".4 c)-<
Hawai`i County Council C)
25 Aupuni Street >:m
Hilo, Hawaii 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 $3,699,000. 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 orm
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 July 20, 2018 submission
deadline, and to waive it from the Finance Committee in order to be placed on the August 8,
2018 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.
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Deanna S. Sako
Director of Finance
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Comm. No. [0 tf
c: Environmental Management Ont-� w
Ref. To:
Ref. Dote JUL 31 018
< CS. 1053- l(Z
Hawaii County is an Equal Opportunity Employer and Provider
MAILE MEDEIROS DAVID J�t�, ............ AARON S.Y. CHUNG
Chairperson •
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�= �,�i : DRU MAMO KANUHA
:I'? eft;. SUSAN L.K.LEE LOY
KAREN EOFF ''"` = EILEEN O'HARA
Vice Chair +r° K=;;:. ...= VALERIE T.POINDEXTER
HERBERT M."TIM"RICHARDS,III
JENNIFER RUGGLES
HAWAI`I COUNTY COUNCIL
County of Hawai`i
Hawai`i County Building
25 Aupuni Street
Hilo,Hawai`i 96720
July 30, 2018
Valerie T. Poindexter, Chairperson
Hawai`i County Council
25 Aupuni Street
Hilo, Hawai`i 96720
RE: Resolution No. 653_18 : 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 ENVIRONMENTAL 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.
Sincerel
vide ._
Maile David, Chairperson
Committee on Finance
a_t.ro -0. Date/Waive to Council: Disapproved/Date/Refer to FC:
•
Valerie T. Poindexter, Chairperson 7131110 Valerie T. Poindexter, Chairperson
V Hawai`i County Council Hawai`i County Council
Hawai`i County is an Equal Opportunity Provider and Employer