03UNITED STATES OF AM
KODIAK ISLAND BORC1W\SKA
NO $17110000
LONG-TERM CARECENTER REVENUE BONDS SERlES 2013
PROVIDENCE KODIAK ISLANDMEDICAL CENTER
REGISTERED OWNER ALASKA MUNICIPAL BONDBANK
PRiNCIPAL AMOUNT SEVENTEEN MILLION ONE HUNDREDTENTHOUSAND
DOLLARS
The Kodiak Island Borough Alaska the Borough municipalcorporation of
the State of Alaska hereby acknowledges itself to owe and for valuereceived promises
to pay to the Registered Owner identified aboye or its registered assigns but only from
the sources stated herein the Principal Amount indicated aboye in the foliowing
instailments on June of each of the following years and to pay from the sources
stated herein ínterest on such installments from thedate hereof payable on December
2013 and semiannually thereafter on the first days of each June and December
of each year at the rates per annum as follows
Maturity Principal lnterest
Date Amount Rate
2013 2.000%
2014 2.000
2015 $605000 3.000
2016 625000 3.000
2017 645000 4.000
2018 670000 3.000
2019 690000 3.000
2020 715000 4.000
2021 745000 4.000
2022 775000 5.000
2023 815000 5000
2024 860000 5.000
2025 900000 5.000
2026 950000 5.000
2027 995000 5.000
2028 1050000 5.000
2029 1100000 5.000
2030 1160000 5.000
2031 1220000 5.000
2032 1270000 3.625
2033 1320000 3.750
TheBonds maturing on Juno in each of the years 202420312032 and 2033
are subject to redemption in whole or in part at the optioh of the Borough on any date
on or after Juno 2023 at price of 100%of the principal amount thereof to be
redeemed plus accrued interest to the date of redemption
TheBonds maturing on June in each of the years 20252026 2027 2028
2029 and2030 are subject to redemption in whole or in part at the option ofthe
Borough on any date on or after June 2018 at price of 100%of the principal
amount thereof to be redeemed plus accrued interesttothe date of redemption
For so long as this Bond is owned by theAlaska Municipal Bond Bank payment
of princípal and interest shall be made as províded in the Loan Agreement dated June
2013 entered into by and between the Borough and theAlaska Municipal Bond Bank
Loan Agreement ln the event that this Bond is no longer owned by the Alaska
Municipal Bond Bank payment of principal of and interest on this Bond will be made by
check or draft mailed by first class mail to the registered owner at theaddress
appearing on the Bond Register of the Borough provided that the final installment of
principal and interest on this Bond will be payable at the officeof theFinance Director
the Registrar upon surrender of this Bond Interestshall be computed on the basis
of 360-day year composed of twelve 30-day months Both principal of and interest on
this Bond are payable in lawful money of theUnitedStates of America solely out ofthe
special fund of the Borough known asthe Long-Term Care Center Revenue Bond
Account created by Section 15 of Resolution No FY2013-13 the Bond Resolution
This Bond is one of an issue of Bonds the Bonds of like date and tenor except
as to number rateof interest and date of maturity aggregating the principal sum of
$17110000 and is issued pursuant to the Coristitution and statutes of theState of
Alaska and dutyadopted resolutions and ordinances ofthe Borough including the Bond
Resolutiori The definitions contained in the Bond Resolution shall apply to capitalized
terms contained herein TheBonds are being issued for the purpose of financing
acquiringdesigningconstructing and equippinglong-term carecenter in Kodiak
Alaska
This Bond is special limited obligation of the Borough giving rise to no charge
against the Boroughs general credit and are payable solely from and constitute claims
of the owners thereof against only the revenuesfunds and assets ofthe Borough
pledged under the Resolution This Bond shall never constitute debt or indebtedness
of theState of Alaska within the meaning of any provision or limitation of the
Constitution or statutesofthe State of Alaska or the Borough or of any political
subdivision thereof and shall never constitute nor give riso to generalpecuniary
Ilability of theState or the Borough or chargeagainst their general creditor taxing
powers
This Bond is special limited obligation of the Borough issued in order to
provide funds for to financethe acquisition design construction and equipping of
long-term carecenterleased to ProvidenceHealthServices Washington d/b/a
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ProvidenceHealthServices in Alaska Washington non-profit Providence the
Providence pursuant to the Leasebetween the Borough andProvidence
No officer agent or employee of the Borough and no officer official agent or
employee of theState of Alaska flor any person executing this Bond shaH in any event
be subject to any personal liability or accountability by reason of theissuance of this
Bond
This Bond is qualified 501c3 bond as such term is defined in the Internal
Revenue Code of 1986 as amended the Code
It is hereby certified that ah actsconditions and thingsrequired by the
Constitution and statutes of th State of Alaska and the ordinances and resolutionsof
the Borough to bedone precedent to and in the issuaflceof this Bond have happened
been done and performed
VN WITNESS WHEREOF theKodiak Island Borough Alaska has caused this
Bond to be executed with the manual orfacsimile signature of its Mayor and to be
countersigned with the manual or facsimile signature of its Clerk and the official seat of
the Borough to be impressed or imprinted hereon as of this 9th day of June 2013
KODIAKISLAND BOROUGH ALASKA
ATTEST
1kaZMCr
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