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1 Introduced by: Manager Gifford <br />2 Requested by: School Board /Assembly <br />3 Drafted by: Finance Director /Bond Counsel <br />4 Introduced on: 07/16/2009 <br />5 Public Hearing: 08/06/2009 <br />6 Amended: 08/06/2009 <br />7 Adopted: 08/06/2009 <br />8 <br />9 KODIAK ISLAND BOROUGH <br />10 ORDINANCE NO. FY2010 -03 <br />11 <br />12 AN ORDINANCE OF THE KODIAK ISLAND BOROUGH ASSEMBLY <br />13 AUTHORIZING THE BOROUGH TO ISSUE GENERAL OBLIGATION BONDS <br />14 IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED $76,310,000 <br />15 TO FINANCE THE PLANNING, DESIGN AND CONSTRUCTION OF SCHOOL <br />16 AND RELATED CAPITAL IMPROVEMENTS IN THE BOROUGH INCLUDING WITHOUT <br />17 LIMITATION THE RECONSTRUCTION AND RENOVATION OF THE KODIAK HIGH <br />18 SCHOOL, AND TO SUBMIT THE QUESTION OF THE ISSUANCE OF SUCH BONDS TO <br />19 THE QUALIFIED VOTERS OF THE BOROUGH AT THE OCTOBER 6, 2009 REGULAR <br />20 BOROUGH ELECTION <br />21 <br />22 WHEREAS, under the provisions of AS 29.47.190, a municipality may incur general obligation <br />23 debt only after a bond authorization ordinance is approved by a majority of those voting on the <br />24 question at a regular or special election; and <br />25 <br />26 WHEREAS, educational requirements have changed since Kodiak High School was originally <br />27 constructed in 1966 as a regional education center; and <br />28 <br />29 WHEREAS, Kodiak High School's design shortfalls were recognized and multiple remodeling <br />30 projects have been completed to bring the facility into code compliance; and <br />31 <br />32 WHEREAS, the last addition of vocational or academic space to Kodiak High School occurred <br />33 in 1972; and <br />34 <br />35 WHEREAS, in the late 1980s enrollment at Kodiak High School grew beyond 500 students <br />36 and a four -phase reconstruction project began; and <br />37 <br />38 WHEREAS, the fourth phase of the above project, which would have addressed needed <br />39 additional academic instructional space, was never started; and <br />40 <br />41 WHEREAS, enrollment at Kodiak High School has soared from 550 students to as high as <br />42 850 over the past twenty years and is forecasted to remain at approximately 800 students into <br />43 the foreseeable future; and <br />44 <br />45 WHEREAS, enrollment projections demonstrate a continued enrollment of 200 or more <br />46 students above the capacity of the existing Kodiak High School educational facility; and <br />47 <br />48 WHEREAS, providing the space that currently is needed for Kodiak High School instruction <br />49 requires the use of community schools facilities, auditorium space and rented space, as well as <br />50 overcrowding of the existing high school facilities; and <br />Kodiak Island Borough Ordinance No. FY2010 -03 <br />Page 1 of 5 <br />