10Kodiak Island Borough
Finance Department
710 Mill Bay Road Kodiak Alaska99615
Phone 907 4869325 Fax 907 4869392
dcross@kodiakak.us
TheBank of New YorkMellon Trust Company N.A
100Pine Street Suite 3100
San Francisco CA 94111
Ref Kodiak Island Borough Alaska Long-Term Care Cantor Revenue Bond 2013
Providence Kodiak Island Medical Center Partial Defeasance
Dear Gordon Fung
The undersignedduly authorized officerofthe Kodiak Island Boroughthe ulssue
having the tax identification number 92-0030845 hereby certifies on behalf of the lssuer
that
The lssuer shall comply with terms and conditionsset forthTitle 31 of the Codo of
Federal Regulations Part 344 Terms used and not defined herein but defined in 31
C.F.R 344 shall hayo the meanings set forth ti 31 C.F.R 344
You are hereby authorized and directed to subscribe lar purchase U.S Treasury
Securities State and Local Government Series SLGS on November 14 2016
pursuant to separate writteninstructions from the lssuer The SLGS are to beissued on
November 22 2016 arid are to be issued in the names referenced ti such instructions
The lssuer has marked an UÇ by the sentence that applies to this SLGS subscription
The Issuer is not purchasing SLGS security with amounts received from the
sale or redemption at the option ofthe holder before maturity of any marketable
security
______The lssuer is purchasing SLGS security with amounts received from the
sale or redemption at the option of the holder before maturity ofrnarketable security
and the yleid on such SLGS security does not exceed the yield at whichsuch
marketablo security was sold or redeemed
The Issuer has marked an Uç by thesentence that applios to this SLGS subscription
The lssuer is not purchasing SLGS security with any amount received from
the redemption before maturity of Time Deposit security
______The lssuer is purchasing SLGS security with amounts received from the
redemption before maturity of Time Deposit security other than zero interest Time
Deposit security and the yield on the SLGS security being purchased does not exceed
the yield that wasused to determine the amount of redemptionproceeds for such
redeemedTime Doposit security
November 92016
If request for redemption bef ore maturity of Time Deposit security other than zero
interest Time Deposit security subscribed for on or after August 152005 is being
submitted herewith no amount received from the redemption will be invested at yietd
that exceeds the yield that is usad to determine the amount of redemption proceeds for
such redeemedTime Deposit security
Sincerely
crc
Name Dora Cross
Titie Finance Director