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.iA‘' '!'",;‘:*:1. <br /> ___.) <br /> COUNTY OF HAWAII '•:.a"= STATE OF HAWAII <br /> ....*. 1'.6-1-1,---. <br /> BILL NO. 70 <br /> ORDINANCE NO. 1 q 83 <br /> AN ORDINANCE AMENDING ORDINANCE NO. 17-19, WHICH AMENDED ORDINANCE <br /> NO. 12-129, WHICH AMENDED ORDINANCE NO. 11-81, WHICH AUTHORIZED THE <br /> MAYOR TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT FOR A STATE <br /> WATER POLLUTION CONTROL REVOLVING FUND LOAN FOR WASTEWATER <br /> PUBLIC IMPROVEMENT PROJECTS AND AUTHORIZED THE ISSUANCE OF <br /> GENERAL OBLIGATION BONDS FOR THE PURPOSE OF FINANCING QUALIFIED <br /> WASTEWATER PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII. <br /> BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: <br /> SECTION 1. The title of Ordinance No. 17-19 is hereby amended to read as follows: <br /> "AN ORDINANCE AUTHORIZING THE MAYOR OF THE COUNTY OF HAWAII <br /> TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT FOR A STATE <br /> WATER POLLUTION CONTROL REVOLVING FUND LOAN FOR WASTEWATER <br /> PUBLIC IMPROVEMENT PROJECTS; AND AUTHORIZING THE ISSUANCE OF <br /> [$--1-1-422,000] $16,122,000 GENERAL OBLIGATION BONDS OF THE COUNTY <br /> OF HAWAII FOR THE PURPOSE OF FINANCING QUALIFIED WASTEWATER <br /> PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII" <br /> SECTION 2. Section 1 of Ordinance No. 17-19 is hereby amended to read as follows: <br /> "SECTION 1. Request for Loan. The County of Hawaii, pursuant to Section <br /> 342D-54, Hawaii Revised Statutes, will be submitting an application for a State <br /> Water Pollution Control Revolving Fund Loan (SRF Loan) to the Director of the <br /> Department of Health, State of Hawaii, to finance the construction of the <br /> wastewater projects listed in "[Exhibit A, Draft 3] Exhibit A, Draft 4". <br /> "Under the terms and conditions anticipated with regard to such SRF loan, <br /> the County shall repay, over a term of twenty years, the principal amount, which <br /> shall not exceed [$11,322,000] $16,122,000, at a fixed rate of interest which shall <br /> not exceed the Bond Buyer's 20-year general obligation bond issue." <br /> SECTION 3. Material to be repealed is bracketed and stricken. New material is <br /> underscored. <br /> SECTION 4. The only changes to Ordinance 17-19 are reflected solely in the monetary <br /> amount indicated in the Ordinance Title, Section 1, and in the second project's title name and <br /> monetary amount listed in Exhibit A, Draft 3 which has been replaced with a new exhibit labeled <br /> as Exhibit A, Draft 4. <br />