HomeMy WebLinkAboutORD 2019-087 2018-2020 , STATE OF HAWAII
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BILL NO. 76
ORDINANCE NO. 19 87
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
WASTEWATER PUBLIC IMPROVEMENT PROJECTS; AND AUTHORIZING
THE ISSUANCE OF $37,000,000 GENERAL OBLIGATION BONDS OF THE
COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING QUALIFIED
WASTEWATER PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII
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 $37,000,000, 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:
Or? wurt,
COUNCIL MEMBER, COUNTY OF HAWAII
Hilo , Hawai`i
Date of Introduction: June 19, 2019
Date of 1st Reading: June 19, 2019
Date of 2nd Reading: July 9, 2019
Effective Date: July 19, 2019
303
REFERENCE Comm.
EXHIBIT A
WASTEWATER PROJECT (SRF FUNDED)
Project Amount
Department of Environmental Management:
Pahala Wastewater Collection System $15,000,000
Pahala Large Capacity Cesspool Conversion $22,000,000
cnt!„Ty c,
OFFICE OF THE COUNTY CLERK t t
County of Hawai`i
Hilo, Hawai`i 7019 JUL 19 PH 3: 28
Introduced By: Mai le Medeiros David (B/R) ROLL CALL VOTE
Date Introduced: June 19, 2019 AYES NOES ABS EX
First Reading: June 19, 2019 Chung X
Published: June 29, 2019 David X
Eoff X
REMARKS. Kaneali`i-Kleinfelder X
Kierkiewicz X
Lee Loy X
Poindexter X
Richards X
Villegas X
Second Reading: July 9, 2019 9 0 0 0
To Mayor: July 17, 2019
Returned: July 19, 2019 ROLL CALL VOTE
Effective: July 19, 2019
AYES NOES ABS EX
Published: July 27, 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.
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COUNCIL CHAIRPER N
CnroDDisapproved this day
of , 20
CT- r/ COUNTY CLERK
1
Bill No.: 76
MAYOR, COUNTY OF AWAI`I C-303/FC-41
Reference:
Ord No.: 19 87