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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: August 21, 2007 Re: Comm. No. 549 / Reso. No. 273-07 <br /> PLACE: Council Chambers, Ben Franklin Bldg. <br /> TIME: 3:08 p.m. <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Resolution No. 273-07, reports as follows: <br /> Resolution No. 273-07, transmitted by Council Member Dominic Yagong, via Communication <br /> <br /> No. 549, dated July 19, 2007, authorizes the Mayor and the Director of Finance to negotiate a <br /> five-yeaz lease agreement with the University of Hawaii at Hilo, College of Agriculture, <br /> Forestry, and Natural Resource Management for the use of 120 acres of County land at <br /> Koholalele (TMK (3) 4-2-5:001) in Pa`auilo, Hawaii, to conduct biofuel crop experimentation. <br /> Dr. William Steiner, Dean of the University of Hawaii-Hilo College of Agriculture, Forestry, <br /> and Natural Resources stated that federal funds aze available for biocrop cultivation, and this <br /> measure provide the information to the farming community as to what crops will provide the <br /> highest yields at the various elevations and climates. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 273-07, <br /> as amended with Draft 2, and recommends its adoption. <br /> la <br /> Aves Noes A&E Ex Respectfully submitted, <br /> FORD X <br /> HIGA x COMMITTEE ON FINANCE <br /> HOFFMANN X <br /> IKEDA X ~ <br /> JACOBSON X <br /> NAEOLE X <br /> PILAGO X DOMINIC YAGO R <br /> YACONC X FC REP R NO 136 <br /> YOSHIMOTO X ADOPT <br /> <br />