THE SENATE S.R. NO. 135 THIRTY-THIRD LEGISLATURE, 2025 STATE OF HAWAII SENATE RESOLUTION requesting the director of finance to issue general obligation bonds for the purpose of financing the agribusiness development corporation's purchase of the fee simple interest in the north kohala kynnersly east site land parcel FOR AGRICULTURAL DEVELOPMENT.
THE SENATE S.R. NO. 135
THIRTY-THIRD LEGISLATURE, 2025
STATE OF HAWAII
THE SENATE
S.R. NO.
135
THIRTY-THIRD LEGISLATURE, 2025
STATE OF HAWAII
SENATE RESOLUTION
requesting the director of finance to issue general obligation bonds for the purpose of financing the agribusiness development corporation's purchase of the fee simple interest in the north kohala kynnersly east site land parcel FOR AGRICULTURAL DEVELOPMENT.
WHEREAS, a strong agricultural sector is essential for reducing the State's reliance on imported goods, preserving its cultural heritage, and providing local employment opportunities; and WHEREAS, the North Kohala district of Hawaii Island, with its unique climate, fertile soils, and abundant natural resources presents an invaluable opportunity for strategic investment in the State's agricultural sector; and WHEREAS, while the agricultural legacy of North Kohala continues to thrive with a greater emphasis on sustainable farming practices, important parcels of land for agricultural production and processing in the region have remained defunct for extended periods as the agricultural sector has contracted due to shifts in markets and key funding mechanisms; and WHEREAS, the Legislature finds that farmers local to the region and agricultural organizations are committed to preserving North Kohala's unique heritage while embracing innovative practices to ensure the long-term viability of farming in the area; and WHEREAS, efforts to improve water conservation, restore native ecosystems, and protect the region's agricultural land are central to the community's ongoing resilience; and WHEREAS, investment in this region can enhance the State's agricultural production capacity; support small, family-run and family-owned farms; and contribute to the revitalization of a rural and historically underserved area; and WHEREAS, investment in agricultural land in North Kohala offers significant potential for the development of sustainable agricultural practices, creation of job opportunities, and increased food self-sufficiency; and WHEREAS, such investments in this region, and regions that are similar in composition and rural location, align with the State's broader goals of promoting environmental stewardship and ensuring the long-term viability of its agricultural sector; and WHEREAS, the Legislature also finds that the Agribusiness Development Corporation is uniquely positioned to oversee the purchase, management, and responsible development of agricultural lands in this region; and WHEREAS, the Agribusiness Development Corporation's expertise will ensure that these strategic investments are maximized for the benefit of the State's agricultural sector and rural communities, and will foster resilience and sustainability for generations to come; now, therefore, BE IT RESOLVED by the Senate of the Thirty-third Legislature of the State of Hawaii, Regular Session of 2025, that the Director of Finance is requested to issue general obligation bonds for the purpose of financing the Agribusiness Development Corporation's purchase of the fee simple interest in the North Kohala Kynnersly east site land parcel which comprises the following tax map keys: (3) 5-3-4:19, (3) 5-4-11:18, and (3) 5-4-11:48; and BE IT FURTHER RESOLVED that certified copies of this Resolution be transmitted to the Director of Finance and the Executive Director of the Agribusiness Development Corporation. OFFERED BY: _____________________________ Report Title: Director of Finance; Agribusiness Development Corporation; General Obligation Bonds; North Kohala Kynnersly East Site Land Parcel
WHEREAS, a strong agricultural sector is essential for reducing the State's reliance on imported goods, preserving its cultural heritage, and providing local employment opportunities; and
WHEREAS, the North Kohala district of Hawaii Island, with its unique climate, fertile soils, and abundant natural resources presents an invaluable opportunity for strategic investment in the State's agricultural sector; and
WHEREAS, while the agricultural legacy of North Kohala continues to thrive with a greater emphasis on sustainable farming practices, important parcels of land for agricultural production and processing in the region have remained defunct for extended periods as the agricultural sector has contracted due to shifts in markets and key funding mechanisms; and
WHEREAS, the Legislature finds that farmers local to the region and agricultural organizations are committed to preserving North Kohala's unique heritage while embracing innovative practices to ensure the long-term viability of farming in the area; and
WHEREAS, efforts to improve water conservation, restore native ecosystems, and protect the region's agricultural land are central to the community's ongoing resilience; and
WHEREAS, investment in this region can enhance the State's agricultural production capacity; support small, family-run and family-owned farms; and contribute to the revitalization of a rural and historically underserved area; and
WHEREAS, investment in agricultural land in North Kohala offers significant potential for the development of sustainable agricultural practices, creation of job opportunities, and increased food self-sufficiency; and
WHEREAS, such investments in this region, and regions that are similar in composition and rural location, align with the State's broader goals of promoting environmental stewardship and ensuring the long-term viability of its agricultural sector; and
WHEREAS, the Legislature also finds that the Agribusiness Development Corporation is uniquely positioned to oversee the purchase, management, and responsible development of agricultural lands in this region; and
WHEREAS, the Agribusiness Development Corporation's expertise will ensure that these strategic investments are maximized for the benefit of the State's agricultural sector and rural communities, and will foster resilience and sustainability for generations to come; now, therefore,
BE IT RESOLVED by the Senate of the Thirty-third Legislature of the State of Hawaii, Regular Session of 2025, that the Director of Finance is requested to issue general obligation bonds for the purpose of financing the Agribusiness Development Corporation's purchase of the fee simple interest in the North Kohala Kynnersly east site land parcel which comprises the following tax map keys: (3) 5-3-4:19, (3) 5-4-11:18, and (3) 5-4-11:48; and
BE IT FURTHER RESOLVED that certified copies of this Resolution be transmitted to the Director of Finance and the Executive Director of the Agribusiness Development Corporation.
OFFERED BY: _____________________________
OFFERED BY:
_____________________________
Report Title:
Director of Finance; Agribusiness Development Corporation; General Obligation Bonds; North Kohala Kynnersly East Site Land Parcel