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I, RICK GIFFORD, hereby certify as follows:
1. I am the duly appointed, qualified and acting Borough Administrator of the
Aleutians East Borough, Alaska (the "Borough"), and as such am authorized to execute this
certificate.
2. Pursuant to Resolution No. 17-05 of the Borough, I have fixed and determined the
following: the designation of the Borough's General Obligation Refunding Bond, 2016 (the
"Bond") and the principal amount, maturity date, principal installment and payment dates and
interest rates to be borne by the principal installments of the Bond, all as set forth in the Bond. I
further confirm that: (a) the principal amount of the Bond does not exceed the amount of the
refunded principal installments; (b) no rate of interest borne by any principal installment of the
Bond exceeds the rate of interest on the corresponding maturity of Alaska Municipal Bond Bank
General Obligation and Refunding Bonds, 2016 Series Three; (c) the net present value of the
savings to the Borough effected by issuing the Bond and refunding the refunded principal
installments is at least three percent of the aggregate amount of the refunded principal
installments; and (d) the Bond matures on or before six months after the date on which the last
refunded principal installment is due.
3. The determination of the foregoing matters is in accordance with Resolution
No. 17-05.
Dated: November 3, 2016.
Rick Gifford, Borough Administrator
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STATE OF WASHINGTON )
)ss.
COUNTY OF KING )
I, TINA ANDERSON, hereby certify as follows:
1. I am the duly appointed, qualified and acting Borough Clerk of the Aleutians East
Borough, Alaska (the "Borough"), and as such am authorized to execute this certificate.
2. The $17,155,000 principal amount General Obligation Refunding Bond, 2016 (the
"Bond"), was duly signed on behalf of the Borough by Stanley Mack, Mayor of the Borough,
and duly attested by Tina Anderson, Borough Clerk of the Borough.
3. The signatures of the Mayor and the Borough Clerk on the Bond are the true and
genuine signatures of such respective officers.
4. Such officers are duly elected or appointed, qualified and acting officers of the
Borough, holding such respective offices and authorized to execute the Bond.
5. The seal that is impressed upon this Certificate is the duly adopted and only
official seal of the Borough and has been impressed on the Bond.
Dated: November 3, 2016.
ALUTI,ANS EAST BOROUGH, ALASKA
[SEAL] (I) ()
Tina Anderson, Borough Clerk
SUBSCRIBED AND SWORN TO before me thisJ(L clay of November, 16.
(Legibly Print oi Sfamp Name of Notary)
Notary public and tate of Washington,
residing at U, ~Ip~
My appointment expires
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