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93-43 The Execution Of The Fisheries Business Tax Allocation And Disbursement AgreementKodiak Island Borough AGENDA STATEMENT Meeting of: April 15, 1993 ITEM NO. 12.6.2. RESOLUTION NO. 93-14 Authorizing the Execution of the Fisheries Business Tax Allocation and Disbursement Agreement The state attorney general's office has determined that they need a resolution in addition to the agreement, which was previously approved by the assembly. The attached resolution meets this need. The previously approved agreement is also attached. FISCAL NOTES [X] N/A Expenditure Amount Required Budgeted APPROVAL FOR AGENDA: RECOMMENDED ACTION: Move to adopt Resolution No. 93-14. Introduced by: Requested by: Drafted by: Introduced: Adopted: KODIAK ISLAND BOROUGH RESOLUTION NO. 93-14 Mayor Selby State of Alaska Mayor Selby 04/15/93 A RESOLUTION AUTHORIZING THE EXECUTION OF THE FISHERIES BUSINESS TAX ALLOCATION AND DISBURSEMENT AGREEMENT WHEREAS, the State of Alaska has proposed a distribution of $1,500,000 of a settlement between the State of Alaska and Alyeska, defendants in State of Alaska v Exxon Corooration, et al. (3AN-89-6852, Civ.), which amount was appropriated for distribution to municipalities that suffered a loss of state fisheries business tax revenues in 1989; and WHEREAS, the affected municipalities that desire to participate in the distribution have proposed, and the State has accepted, an allocation among such municipalities as set out in the Fisheries Business Tax Allocation and Disbursement Agreement (Agreement) attached hereto; and WHEREAS, the Kodiak Island Borough Assembly has reviewed said Agreement and has consulted counsel regarding the rights, obligations and liabilities of the Borough under the Agreement and is aware of its implications; and WHEREAS, the Assembly finds the execution of said Agreement would be in the best interests of the Borough; NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THAT: Section 1: The Agreement is approved and the mayor is authorized and directed to execute the Agreement on behalf of the Borough. Resolution No. 93-14 Kodiak Island Borough, Alaska Page 1 of 2 ADOPTED BY THE KODIAK ISLAND BOROUGH ASSEMBLY THIS DAY OF 1993 KODIAK ISLAND BOROUGH Jerome M. Selby, Borough Mayor Jack L. McFarland, Presiding Officer ATTEST: Donna F. Smith, Borough Clerk Kodiak Island Borough. Alaska Resolution No. 93-14 Page 2 of 2 FISHERIES BUSINESS TAX ALLOCATION AND DISBURSEMENT AGREEMENT THIS AGREEMENT is entered into this day of . 1993 between the State of Alaska Department of Law and Affected Municipalities pursuant to Chapter 111 SLA ..- WHEREAS, late in the evening of March 23 or early in the morning of March 24, 1989 the T/V EXXON VALDE4 owned by the Exxon Shipping Company, went aground on Bligh Reef in Prince William Sound, Alaska and as a result of the grounding, approximately 11 million gallons of crude oil owned by Exxon Corporation spilled into Prince William Sound (hereinafter the "Oil Spill'); and WHEREAS, the Oil Spill necessitated the closure of various commercial fisheries throughout Prince William Sound and the area outside the Sound impacted by the Oil Spill; and WHEREAS, these closures resulted in reduced fisheries business tax revenues for the State tinder AS 43.75 for 1989 and for certain municipalities which would have shared in those lost revenues under AS 43.75.130; and WHEREAS, in August 1989, the State of Alaska filed an action in the Superior Court for the State of Alaska, Third Judicial District, identified as State of Alaska v. Exxon Corporation, et al.. Civil No. 3AN-89-6852, against, inter , Alyeska Pipeline Service Company ("Alyeska"), Amerada Hess Pipeline Corporation, ARCO Transportation Alaska, Inc., formerly known as ARCO Pipe Line Company, BP Pipelines (Alaska), Inc., Exxon Pipeline Company, Mobil Alaska Pipeline Company, Phillips Alaska Pipeline Corporation, and Unocal Pipeline Company (collectively, except for Alyeska, referred to as the "Alyeska Owner Companies"); and WHEREAS, the State action was removed to the United States District Court for the District of Alaska in February 1992; and WHEREAS, pursuant to an Agreement and Consent Decree entered November 25, 1992 by the United States District Court for the District of Alaska ("Consent Decree"), the claims of the State and the United States against Alyeska and the Alyeska Owner Companies were settled; and WHEREAS, pursuant to Paragraph 13 of the Consent Decree, Alyeska has paid the State $1,500,000 ("Settlement Payment") for 1989 Fisheries Business Tax revenues under AS 43.75, which are to be refunded to local governments under AS 43.75.130; and WHEREAS, pursuant to Chapter 111, SLA 1992, the $1,500,000 Settlement Payment was appropriated to the Department of Law for distribution to the municipalities that suffered a loss of revenue under AS 43.75.130 caused by the Oil Spill; and WHEREAS, pursuant to Chapter 111, SLA 1992, the Department of Law can not distribute these funds until there is an agreement between all potentially affected municipalities and the department as to the method and amount of allocation; and WHEREAS, the City of Valdez, a potentially affected municipality, has waived its right to participate in the $1,500,000 Settlement Payment. The parties hereto covenant and agree as follows: 1. PARTIES. For purposes of this agreement, the Parties are defined as follows: (a) "Department of Law" or "Department" means and includes the Department of Law and the State of Alaska in all its capacities including all departments, divisions, independent boards, and agencies 2 of state government. (b) "Affected Municipalities" means all cities, unified municipalities and boroughs whose FY90 proceeds under AS 43.75.130 were reduced as a result of the Oil Spill. and who have not waived their right to participate in the distribution of the Settlement Payment. These affected municipalities are: (1) Kodiak (2) Old Harbor (3) Larsen Bay (4) Ouzinlde (5) Port Lions (6) Kodiak Island Borough (7) Chignik (8) Lake & Peninsula Borough (9) Kenai Peninsula Borough (10) Kenai (11) Homer (12) Seldovia (13) Cordova (14) Whittier (15) Seward 2. MET[JOD AND [,LOCATION QUAYMEn. The Settlement Payment shall be distributed by the Department of Law to the Affected Municipalities in the amounts shown below. The payments shall be made by check placed in the United States mail, postage prepaid to the business address of the municipality, unless otherwise directed by the municipality in writing, within seven days of the effective date of this agreement. Affected M,nt icinalities (1) Kodiak AID= $179,884.50 (2) Old Harbor 3,939.00 (3) Larsen Bay 26,260.50 (4) Ouzinlde 3,939.00 3 (5) Port lions 7,878.00 (6) Kodiak Island Borough 303,307.50 (7) Chignik 92,778.00 (8) Lake & Peninsula Borough 10,308.00 (9) Kenai Peninsula Borough 414,638.62 (10) Kenai 147,379.12 (11) Homer 64,628.63 (12) Seldovia 6,970.13 (13) Cordova 157,567.50 (14) Whittier 5,047.50 (15) Seward 37,737.00 • I 1111 11 AFFECTED M1JhUCIPALMES The Affected Municipalities represent that they are the only entities entitled to share in the Settlement Payment and that the method of allocation fairly distributes the Settlement Payment amongst themselves in a manner consistent with AS 43.75.130. The Affected Municipalities release the Department of Law from any and all claims for any portion of the Settlement Payment or for any amount directly or indirectly related to it. The Affected Municipalities shall jointly and severally hold the Department of Law harmless and shall fully indemnify the Department from any and all costs, fees, or awards (including, without limitation, all litigation costs) that may arise from any and all claims relating to the execution of this agreement or the distribution or allocation of the Settlement Payment, including, without limitation, claims for adjustments to allocations set forth under this Agreement, claims by persons or entities not identified in paragraph 1(b) asserting a right to participate in the allocation, and claims for interest. acknowledge that the amounts paid pursuant to this Agreement are in addition to any amount which has been or will be allowed to any party by the Trans Alaska Pipeline 4 Liability Fund (TAPL Fund). Nothing in this Agreement is intended to limit or affect the Affected Municipalities' claims against Exxon Corporation, Exxon Shipping, Alyeska, the TAPL Fund or any other private defendant in the Oil Spill litigation for recoveries based on reductions in Fisheries Business Tax revenues for 1989 or subsequent years. 5. AI T MORTTY TO EXECUTE. Each person executing this agreement represents and warrants that he or she is fully authorized to execute this agreement on behalf of the party represented and to bind said party to the terms and conditions hereof. Each representative of an Affected Municipality must attach a resolution from its legislative body authorizing said municipality to enter into this agreement. Signatures of parties hereto may be entered on separate copies of the agreement. 6. EFFECTIVE DATE. This Agreement shall be effective on the date all of the Affected Municipalities and the Department of Law have executed this Agreement and provided the Department copies of duly enacted resolutions required by Paragraph 5. If all of the Affected Municipalities have not executed this Agreement on or before June 30, 1993, the Settlement Payment will lapse into the general fund pursuant to Section 4, Chapter 111 SLA 1992. FOR THE DEPARTMENT OF LAW Date Charles E. Cole Attorney General Date FOR THE AFFECTED MUNICIPALITIES For the City of Kodiak M Date Date Date Date Date Date Date Date For the City of Old Harbor For the City of Larsen Bay For the City of Ouzinkie For the City of Port Lions For Kodiak Island Borough For the City of Chiguik For Lake & Peninsula Borough For Kenai Peninsula Borough Date Date Date Date Date Date For the City of Kenai For the City of Homer For the City of Seldovia For the City of Cordova For the City of Whittier For the City of Seward 7