1984-14 Supporting Use Of A Portion Of The Raw Fish Tax To Provide Low Interest Loans To Shore-Based Bottom Fish Processors.ATTEST:
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KODIAK ISLAND BOROUGH
RESOLUTION NO. 84 -14 -R
A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY SUPPORTING USE
OF A PORTION OF THE RAW FISH TAX TO PROVIDE LOW INTEREST LOANS TO SHORE -BASED
BOTTOMFISH PROCESSORS.
WHEREAS, fishing is an important economic activity in the State of
Alaska employing one out of every ten Alaskans, and
WHEREAS, investment capital for onshore processing facilities is
recognized as a top priority in the fishing community, and
WHEREAS, because the Kodiak King Crab season will not be opened this
year, d iversification is needed to derive maximum benefit from Alaska'a fishery
resources, and
WHEREAS, the potential growth of the bottomfish industry makes it
especially important that this segment of the processing industry be promoted
for the economic welfare of the entire state, and
WHEREAS, low interest loans would encourage the building and expansion
of onshore bottomfish facilities and create a more stable job market, and
WHEREAS, Senate Bill 379 and House Bill 518 allow tax credit of not
more than fifty percent of a shore -based cannery or fishery business's tax
liability for expenditures incurred for the development of the capability of
processing a developing commercial fish species.
NOW, THEREFORE, BE IT RESOLVED by the Kodiak Island Borough Assembly
that the Governor be and is hereby urged to use an amount equal to the State's
share of fifty percent of the raw fish tax to provide low interest loans to
!allow shore -based processors to develop or expand their facilities for
;bottomfish processing.
BE IT FURTHER RESOLVED that copies of this resolution be forwarded
The Honorable Bill Sheffield, Governor of Alaska
The Honorable Jalmar Kerttula, President, State Senate
The Honorable Joe L. Hayes, Speaker, House of Representatives
The Honorable Bob Mulcahy, State Senator
The Honorable Fred F. Zharoff, House of Representatives
The Honorable John Pugh, Mayor, City of Kodiak
Jim Ashford, President, Kodiak Area Chamber of Commerce
A7 Burch, Mac�ager, Alaska Draggers Association
Ron Jolin, President, United Fisherman's Marketing Association
Lynn Domingo, Secretary- Treasurer, Cannery Works Union
Chris Mitchell, Executive Director, Alaska Fisheries Development
Foundation
PASSED AND APPROVED this 1st day of Mar
KODIAK ISLAND BOROUGH
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, 1984.