12PAYMENT DELIVERY AND APPLICATION OFPROCEEDS CERTIFICATE
KODIAK ISLAND BOROUGH ALASKA
$6210000
General Obligation School Bond 2015 Series
Karleton Short hereby certify as follows
am the duly appointed qualified and acting Finance Director of Kodiak
Island Borough Alaska the Borough and as such am authorized to execute this
certificate
On the date hereof delivered to theAlaska Municipal Bond Bank
Juneau Alaska the Bond Bank the $6210000 General Obligation School Bond
2015 Series ofthe Borough the 2015A Bond
At or before the time of delivery ofthe 201 5A Bond the Borough received
from the BondBank the following amounts as full payment for the 201 5A Bond
Principal of 201 5ABond $6210000.00
Original issue premium 829890.90
Total Sources of Funds $7039890.90
The Borough will apply the amount receivedfrom the BondBank as
payment for the 2015A Bond in the following manner
Project Fund $7000000.00
Debt Service Account 1555.79
Costs of Issuance 18000.00
Underwriters Discount 20335.11
Total Uses of Funds $7039890.90
Dated September 16 2015
Karleton Short Finance Director
Deven Mitchell Executive Director of theAlaska Municipal Bond Bank Juneau
Alaska hereby acknowledge receipt fromKodiak Island Borough Alaska the
Borough ofthe following bond of the Borough
ObUgation
Municipal BondBank