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KODIAK ISLAND BOROUGH <br />ORDINANCE NO. 2004 -10A <br />Introduced by: Manager Carlson <br />Requested by: Manager Carlson <br />Drafted by: Finance Officer <br />Introduced: 11/04/2004 <br />Public Hearing: 11/18/2004 <br />Adopted: 11/18/2004 <br />AN ORDINANCE OF THE KODIAK ISLAND BOROUGH ASSEMBLY <br />AMENDING ORDINANCE NO. 2004 -10 FISCAL YEAR 2005 BUDGET TO ESTABLISH A <br />BUDGET FOR THE $9,300,000 GENERAL OBLIGATION BOND 2004 SERIES A AND THE <br />$11,050,000 GENERAL OBLIGATION BOND SERIES B ISSUES AND RELATED PROJECTS <br />FUNDED BY THESE BONDS <br />WHEREAS, On July 21, 2004 the Borough sold the $9,300,000 General Obligation Bond <br />Issue 2004 Series A and the Borough is anticipating selling the $11,050,000 General <br />Obligation Bond Issue Series B on December 1, 2004; and <br />WHEREAS, We need to budget for the proceeds of these bond issues and to budget for <br />expenditure of the proceeds; and <br />WHEREAS, The Borough needs to hire a project manager /inspector and a projects assistant <br />to ensure the integrity of the new projects; and <br />NOW, THEREFORE, BE IT ORDAINED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH <br />THAT: <br />Section 1: This ordinance is not of a permanent nature and will not be codified. <br />Section 2: The FY2005 Borough Budget will be amended per the attached worksheet. <br />Section 3: The Borough Facilities Director can hire a projects manager /inspector (grad 20.5) <br />and projects assistant (grade 12) to work on these bonded projects until project <br />completion, estimated at 3 to 5 years. These positions will be in the <br />Engineering /Facilities department and these salaries will be an expense of these <br />projects. <br />ATTEST: <br />ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH <br />THIS EIGHTEENTH DAY OF NOVEMBER, 2004 <br />L <br />Judith A. Nielsen, c c, Borough Clerk <br />Kodiak Island Borough, Alaska <br />KODIAK ISLAND BOROUGH <br />nn <br />ome Selby, Borough Mayo <br />Ordinance No. 2004 -10A <br />Page 1 of 7 <br />