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HomeMy WebLinkAboutREP FC 143 2020/10/06 2018-2020 REPORT OF THE COMMITTEE ON FINANCE DATE: October 6, 2020 Re: Comm. No. 1083/Res. No. 735-20 PLACE: Council Chambers Hilo, Hawai`i TIME: 11:03 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Resolution No. 735-20, reports as follows: Resolution No. 735-20, transmitted by Finance Director Deanna Sako, via Communication No. 1083 dated September 18, 2020, authorizes the Office of the Mayor to enter into an agreement with the University of Hawai`i. This resolution provides $13,076 from the Department of Research and Development to the University of Hawai`i to fund its Increasing Production of Novel Floriculture Products for Import Replacement project. Funds would be used to purchase plant and propagation materials, and for costs associated with cultivation and data collection. A motion to move Resolution No. 735-20 to Council with a positive recommendation was made by Council Member Rebecca Villegas, and seconded by Council Member Herbert M. "Tim" Richards, III. Research and Development Economic Development Specialist Glenn Sako addressed Your Committee, noting that the agreement with the University of Hawai`i is to establish other floriculture production opportunities for commercialization and further branding of Hawai`i Island's agricultural industry. Some thoughts were the peony flower or other lower elevation production hybrids, and eucalyptus among others, with a focus on expanding our agricultural industry going forward. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 735-20, and recommends its adoption. db AYES NOES ABS EX Respectfully submitted, CHUNG X DAVID x COMMITTEE ON FINANCE EOFF X KANEALI`I-KLEINFELDER X 41A IVA • KIERKIEWICZ X '� � LEE LOY X _ vni.'1r POINDEXTER x MAILE MEDEI' • 1.16 .1:,• HAIR RICHARDS X FC REPORT NO.: 143 VILLEGAS X ADOPTED: OCT 2 1 2020