Tab_8STATE CAPITOL
CO. Box I 10001
J uneau, AK 998 000
907-465-3500
lax 9074653532
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September 30, 2016
Mr. Deven Mitchell
Executive Director
Alaska Municipal Bond Bank
P.O. Box 110405
Juneau, AK 99801
RE: Governor's Approval of Up to $34,700,000 Aggregate Principal Amount of Alaska
Municipal Bond Bank General Obligation and Refunding Bonds, 2016 Series Four
Dear Mr. Mitchell:
I have reviewed the Report dated September 16, 2016 provided by Ryan Williams, Finance Director
of the Alaska Municipal Bond Bank (the "Bond Bank"), in connection with the issuance by the
Bond Bank of its General Obligation and Refunding Bonds, 2016 Series Four (the "Bonds"), to be
issued in the aggregate principal amount of up to $34,700,000, the proceeds of which will be used to
(A) finance or refinance, directly or indirectly, costs of (1) replacing, expanding and improving
breakwaters, floats and ramps at Hole in the Wall Harbor, located at 7522 S Tongass Highway, (2)
replacing a ramp in the north marina at Bat Harbor, located at 2933 Tongass Avenue, and
(3) reconstructing and expanding Berths 1, 2 and 3 of the Port of Ketchikan, located adjacent to
Front Street, and the construction and equipping of street, sidewalk, parking and related
transportation improvements serving the Berths (collectively, the "Project"); (B) pay costs of issuing
the Bonds; and (C) make a deposit to the Bond Bank's Reserve Fund.
A description of the facilities to be refinanced by the Bonds, and the maximum size of the Bond
issue, among other matters, were set forth in the Public Notices published on September 2, 2016 in
the Juneau Empire, in the Fairbanks Daily News-Miner and in the Anchorage Diipatch News. Copies of the
Affidavits of Publication by the Juneau Empire, the Fairbanks Daily News-Miner and the Anchorage
Dispatch News for the Public Notices have been provided to me and are attached hereto.
No person appeared at the hearing to protest the issuance of the Bonds.
As provided in Section 147(f) of the Internal Revenue Code of 1986, I hereby certify that the
foregoing notifications and public hearing regarding issuance of the Bonds satisfy the public
approval requirements and I approve the issuance of the Bonds.
Mr. Deven Mitchell
AMBB General Obligation and Refunding Bonds, 2016 Series Four
September 30, 2016
Page 2
Sincerely,
/
L
Bill Walker
Governor
Enclosures
cc: Marjorie Vandor, Chief Assistant Attorney General, Department of Law
Ryan Williams, Finance Director and Deputy Treasurer, Alaska Municipal Bond Bank
Orrick, Herrington & Sutcliffe LLP, Bond Counsel