02/21/2013 Special Meeting KODIAK ISLAND BOROUGH
Assembly Special Meeting
February 21, 2013
A special meeting of the Kodiak Island Borough Assembly was held on February 21, 2013 in the
Borough Conference Room of the Kodiak Island Borough Building, 710 Mill Bay Road. The
meeting was called to order at 11:32 a.m.
Present were Mayor Jerome Selby, Assembly members Tuck Bonney, Aaron Griffin, Chris
Lynch, and Mel Stephens. Staff members present were Assessor Bill Roberts, Finance Director
Karl Short, and Clerk Nova Javier.
BONNEY moved to excuse Assembly member Austerman, Kaplan, and Stutes who were absent
due to their attendance at the Southwest Alaska Municipal Clerks Conference in Anchorage.
VOICE VOTE ON MOTION CARRIED UNANIMOUSLY.
CITIZENS' COMMENTS
None.
CONSIDERATION OF MATTERS IN THE CALL FOR THE SPECIAL MEETING
A. Resolution No. FY2013 -26 Authorizing the Borough to Issue General Obligation School
Bonds in the Principal Amount Not to Exceed $25,000,000 to Provide Funds for School and
Related Capital Improvements in the Borough and to Pay Costs of Issuing the Bonds, Fixing
Certain Details of Such Bonds, Authorizing Their Sale, and Providing for Related Matters.
GRIFFIN moved to adopt Resolution No. FY2013 -26.
Section 29.47.410 of the Alaska Statutes provided that the Assembly by resolution may provide
for the form and manner of sale of bonds and notes. Ordinance No. FY2010 -03 adopted on
August 6, 2009, asked the question of whether the Borough should issue not to exceed
$76,310,000, in general obligation bonds for the purpose of paying the cost of planning,
designing, and constructing school and related capital improvements in the Borough, including
without limitation, the reconstruction and renovation of the Kodiak High School, was presented
to the voters at the regular Borough election held on October 6, 2009, as Proposition No. 1
( "Proposition 1 "). Proposition 1 was passed and approved by the voters. The Assembly found
that it was in the best interest of the Borough to plan, design, and construct the school capital
improvements described in Proposition 1 as the reconstruction and renovation of the Kodiak
High School (the "Project"), and to issue not to exceed $25,000,000 principal amount of general
obligation bonds referred to in Proposition 1, to pay part of the costs of the Project and costs of
issuing the bonds.
ROLL CALL VOTE ON MOTION CARRIED UNANIMOUSLY: Bonney, Griffin, Lynch, and
Stephens.
Kodiak Island Borough Assembly Minutes
February 21, 2013 Page 1171
ADJOURNMENT
BONNEY moved to adjourn the meeting.
ROLL CALL VOTE ON MOTION CARRIED UNANIMOUSLY: Griffin, Lynch, Stephens, and
Bonney.
The meeting was adjourned at 11:44 a.m.
KODIAK ISLAND BOROUGH
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- j .
ATTEST: Je • e M. Selby, Mayor
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- 1141% 414
Nova M. Javier, MMC, Slough Clerk Approved on: March 7, 2013
Kodiak Island Borough Assembly Minutes
February 21, 2013 Page 1172