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FY2022-28 FAILED Approving Funding Of The Kodiak Economic Development Corporation (KEDC)1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Introduced by: The Manager Thru the Mayor Drafted by: Finance Director Introduced on: 06/16/2022 Failed on:06/16/2022 KODIAK ISLAND BOROUGH RESOLUTION NO. FY2022-28 A RESOLUTION OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH APPROVING FUNDING OF THE KODIAK ECONOMIC DEVELOPMENT CORPORATION (KEDC) WHEREAS, the Kodiak Island Borough Assembly has developed and approved a strategic plan for the Borough and one of the strategic directions in the plan is to foster responsible economic growth throughout the Borough; and WHEREAS, within that Strategic Plan has listed as a priority the need to collaborate with other governmental entities, tribes, and civic organizations to enhance economic development within the Borough; and WHEREAS, the Kodiak Island Borough Assembly appropriated $20,000 in the FY22 budget within the General Fund Economic Development department; and WHEREAS, the Kodiak Island Borough Assembly has received a current project list from KEDC, a copy of which is attached as Appendix A to this resolution and incorporated herein, which advances the Borough's economic development objectives; and WHEREAS, the Kodiak Island Borough Assembly finds that it is in the Borough's best interests to grant funds to KEDC to carry out the projects on the list. NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH that: Section 1. The Kodiak Island Borough approves the award of a grant of $20,000 to the Kodiak Economic Development Corporation for the purposes of assisting in completion of the remaining tasks on the KEDC current projects tracking list. Section 2. The Borough Manager is authorized to execute a grant agreement with KEDC and take such other steps as may be required to implement this resolution and provide the grant to KEDC. Kodiak Island Borough, Alaska Resolution No. FY2022-28 Page 1 of 2 45 46 47 48 49 50 51 52 53 54 55 56 ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THIS DAY OF 2022 KODIAK ISLAND BOROUGH William Roberts, Mayor VOTES: Ayes: Williams, Smiley, Turner Noes: Arndt Kodiak Island Borough, Alaska ATTEST: Nova M. Javier. Interim Clerk Resolution No. FY2022-28 Page 2 of 2