HomeMy WebLinkAboutORD 2019-023 2018-2020 STATE OF HAWAII
COUNTY OF HAWAII f..(4‘.- .V‘:Al.
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BILL NO. 20
ORDINANCE NO. 19 23
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 $1,500,000 GENERAL OBLIGATION BONDS OF THE
COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING THE LANIHAU
WASTEWATER PUMP STATION FORCE MAIN REPLACEMENT
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 Wastewater 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 $1,500,000, 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 Wastewater
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:
7:%/61PAVI.
COUNCIL MEMBER, COUNTY OF HAWAII
Kona , Hawaii
Date of Introduction: February 5, 2019
Date of 1St Reading: February 5, 2019
Date of 2nd Reading: February 20, 2019
Effective Date: March 5, 2019
84
REFERENCE Comm.
EXHIBIT A
WASTEWATER PROJECT (SRF FUNDED)
Project Amount
Department of Environmental Management:
Lanihau Wastewater Pump Station Force Main Replacement $1,500,000
OFFICE OF THE COUNTY CLERK COUNTY CLERK
County of Hawaii COUNTY OF HAWAit
Kona, Hawai`i
nig M . --5 Ati 11: 07
Introduced By: Mai le David (B/R) ROLL CALL VOTE
Date Introduced: February 5, 2019 AYES NOES ABS EX
First Reading: February 5, 2019 Chung X
Published: February 16, 2019 David X
Eoff X
REMARKS' Kaneali i-Kleinfelder X
Kierkiewicz X
Lee Loy X
Poindexter X
Richards X
Villegas X
Second Reading: February 20, 2 019 8 0 1 0
To Mayor: February 28, 2019
Returned: March 5, 2019 ROLL CALL VOTE
Effective: March 5, 2019 AYES NOES ABS EX
Published: March 16, 2019
Chung X
REMARKS: David X
Eoff X
Kaneali`i-Kleinfelder X
Kierkiewicz X
Lee Loy X
Poindexter X
Richards X
Villegas X
9 0 0 0
I DO HEREBY CERTIFY that the foregoing BILL was adopted by the County Council published as
indicated above.
COUNCIL CHAIRPER *N
(Sfh16,
A roved Disa roved this day
of Math , 20 COUNTY CLERK
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�' Bill No.: 20
MAOR, COUN AWAII C-84/Waived-FC
Reference:
1'9 23
Ord No.: