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HomeMy WebLinkAboutREP FC 121 07/21/2005 2004-2006 REPORT OF THE COMMITTEE ON FINANCE DATE: July 21, 2005 Re: Comm.No. 356/Bill No. 119 PLACE: Council Chambers TIME: 9:04 a.m. • Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 119 reports as follows: Bill No. 119, transmitted jointly with Resolution No. 133-05 by Director of Finance William Takaba, via Communication No. 356, dated July 8, 2005, amends Ordinance No. 05-86, as amended, the Operating Budget, ending,lune 30,2006. The amendment is as follows: Revenue Account No. Source Fund Amount $ 3303.79 Federal Grants-Geothermal General 95,602 Outreach Expenditure Acc't Function and Activity Fund Amount $ No. 010-161-5163.07 Geothermal Outreach General 95,602 The U.S. Department of Energy, through the State of Hawaii Department of Business, Economic Development, and Tourism has authorized a $95,602 grant to the Department of Research and Development. The grant is awarded to conduct a feasibility study and prepare a cost benefit analysis for a direct use geothermal enterprise park in the Kapoho region of Puna. The grant would also coordinate community education and outreach programs to gather input pertinent to the feasibility study, and to bring stakeholders together and to disseminate geothermal direct use information. Some members of Your Committee were concerned that the feasibility study would not be released to the public. Also, it was recommend that a report previously obtained by the County, known as the Goddard Report, be considered while conducting the study. Your Committee on Finance is in accord with the purpose and intent of Bill No: 1 19 and recommends it pass first reading. ro - AYES NOES A&E EX Respectfully submitted, ARAKAI<I X RIGA x COMMITTEE ON FINANCE HOFFMANN X HOLSCHUH X114 IKEDA X ISBELL x VIRGI IA ISBELL, CHAIR JACOBSON X FC REPORT NO. 121 PILAGO X AUG 0 3 2005 • SAFARIK x ADOPTED: