2002-28 Proposition C BondsA RESOLUTION OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
REQUESTING SUPPORT OF PROPOSITION C - GO BONDS
WHEREAS, school districts across Alaska are working hard to meet multiple challen. es,
• _ _ • • .. - su • jec s an imp ementing the
goals of the State of Alaska Quality School Initiative and the No Child Left Behind Act of
2001; and
WHEREAS, school districts are also struggling to maintain, replace, and modernize their local
school buildings; and
WHEREAS, the twenty- second Alaska legislature passed and Governor Knowles signed
HB2002, a $236 million general obligation bond package that will go before voters on
November 5, 2002 as Bonding Proposition C; and
WHEREAS, passage of Bonding Proposition C will trigger a school debt reimbursement
program for school district bonds for capital and major maintenance projects in urban areas
approved by local voters on or after June 30, 1999 and before January 1, 2005; and
WHEREAS, the school debt reimbursement program will reimburse school projects at either
70 percent or 60 percent depending on whether the projects meet certain Department of
Education and Early Development criteria; and
WHEREAS, Kodiak Island Borough School District currently has multiple projects on our Major
Maintenance list totaling approximately $13.4 million and our Capital Improvement Project list
totaling approximately $15.6 million that will be eligible for debt reimbursement under Bonding
Proposition C; and
WHEREAS, with passage of Bonding Proposition C, school districts also have the opportunity
to make additions to the Major Maintenance lists and the Capital Improvement Project lists and
have voters approve additions before January 1, 2005; and
WHEREAS, Bonding Proposition C, if passed, will help many rural and urban school districts
and communities catch up with unmet school construction and major maintenance needs,
NOW, THEREFORE, BE IT RESOLVED BY THE KODIAK ISLAND BOROUGH ASSEMBLY that
the Kodiak Island Borough endorses Bonding Proposition C and encourages Alaska voters to
vote yes on Proposition C on Election Day, November 5, 2002.
ATTEST:
i ( GLt h
dith H. Nielsen,
ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS TENTH DAY OF OCTOBER, 2002
Kodiak Island Borough, Alaska
c, Borough Clerk
KODIAK ISLAND BOROUGH
RESOLUTION NO. 2002 -28
KODIAK ISLAND BOROUGH
Introduced by: Manager Carlson
Requested by: Assembly
Drafted by: KIB School Board
Introduced: 10/10/2002
Adopted: 10/10/2002
Gabrielle LeDoux, Borough Mayor
Resolution No. 2002 -28
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