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Council approves issuance of up to $230 million in wastewater revenue bonds
Summary
The City Council adopted a resolution authorizing the director of budget and fiscal services to issue not-to-exceed $230,000,000 in wastewater system revenue bonds for 2025 senior series bonds.
The Honolulu City Council adopted Committee Report 250 and Resolution 25-1-193 authorizing the director of budget and fiscal services to issue and sell not more than $230,000,000 principal amount of Wastewater System Revenue Bonds, Senior Series 2025, and related matters.
Council Member Okimoto presented the resolution for explanation, describing the bond issuance and related actions. Mr. Clark (the council clerk) recorded a roll-call vote; the clerk reported nine ayes and the resolution was adopted.
Discussion vs. action: The discussion excerpt focused on the resolution’s purpose—authorizing issuance and related matters—and the council proceeded to a roll-call vote without recorded public testimony in the transcript excerpt. The resolution authorizes bond issuance and related procedural approvals by the director of budget and fiscal services; no further details on project-specific allocations were provided in the excerpt.
Implementation: The resolution directs the department of budget and fiscal services to proceed with issuance and delivery of bonds and related documentation; additional administrative steps and sale terms will be set by the director in accordance with council authorization.
