FY2020-05 Establishing a research court apartments enterprise fund1
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Introduced by: Borough Manager
Drafted by: Finance Director
Introduced on: 08/15/2019
Public Hearing Date: 09/05/2019
Adopted on: 09/05/2019
KODIAK ISLAND BOROUGH
ORDINANCE NO. FY2020-05
AN ORDINANCE OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH ESTABLISHING
A RESEARCH COURT APARTMENTS ENTERPRISE FUND
WHEREAS, the Kodiak Island Borough constructed and maintains the apartments on Near Island
located on Research Court; and
WHEREAS, lease and rental income pays for maintenance and operation of the apartments; and
WHEREAS, these funding sources ensure that the apartments do not present a monetary burden
on the Kodiak Island Borough; and
WHEREAS, the Kodiak Island Borough Code Section 3.10.110(H) authorizes the Borough to
establish enterprise funds as needed; and
NOW, THEREFORE, BE IT ORDAINED BY THE ASSEMBLY OF THE KODIAK ISLAND
BOROUGH THAT:
Section 1: This ordinance is NOT of permanent nature and shall NOT become a part of the
Kodiak Island Borough Code of Ordinances.
Section 2: An enterprise fund entitled `Research Court Apartments' will be established by the
Kodiak Island Borough and will become a part of the Borough budget and general ledger.
Effective Date: This ordinance takes effect July 1, 2019.
ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS FIFTH DAY OF SEPTEMBER 2019.
KODIAK ISLAND BOROUGH ATTEST:
Daniel A. Rohrer, Mayor Tns y, Clerk
ufa Weli
Kodiak Island Borough, Alaska
Deletion — Red, Strikeout
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Ordinance No. FY2020-05
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46 VOTES:
47 Ayes: Turner, Arndt, Kavanaugh, Skinner, Smiley, Symmons
48 Absent: Schroeder
49
Kodiak Island Borough, Alaska
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Ordinance No. FY2020-05
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