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I, Dora Cross, hereby certify as follows:
1. I 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.
2. On the date hereof, I delivered to the Alaska Municipal Bond Bank, Juneau,
Alaska (the "Bond Bank") the $4,905,000 General Obligation School Refunding Bond, 2016 of
the Borough (the "Bond").
3. At or before the time of delivery of the Bond, the Borough received from the
Bond Bank the following amounts as full payment for the Bond.
Principal of 2016 Bond
$4,905,000.00
Plus Original issue premium 806,205.15
Total
$5,711,205.15
4. The Borough will apply the amount received from the Bond Bank as payment for
the Bond in addition to prior bond proceeds of the Borough in the amount of $272,409.00 for a
total of $5,983,614.15 in the following manner.
Less Underwriter's Discount $ 15,121.11
Less Surety Policy 3,349.34
Less deposit to refunding escrow 5,934,300.80
Less Bond Bank costs of issuance 14,220.23
Total $ 16,622.47
From the net proceeds received from the sale of the Bond to the Bond Bank the amount
of $1,622.67 is being deposited to the Debt Service Fund, and $15,000.00 is being applied to pay
the Borough's costs of issuing the Bond.
Dated: November 3, 2016.
Dora Cross, Finance Director
I, Deven Mitchell, Executive Director of the Alaska Municipal Bond Bank, Juneau,
Alaska, hereby acknowledge receipt from Kodiak Island Borough, Alaska (the "Borough") of the
following bond of the Borough:
$4,905,000 General Obligation School Refunding ?Bo;nd,20Zl6j
Dated: November 3, 2016.
Vlitch€tl, Executive Director
Municipal Bond Bank