FY2021-14 Advocating In Favor Of A Ballot Proposition At The October 6, 2020 Regular Municipal Election1
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Introduced by: Kodiak Island Borough Assembly
Drafted by: Kodiak Island Borough Attorney
Introduced on: 07/16/2020
Postponed to: 08/06/2020
Postponed Indefinitely: 08/06/2020
KODIAK ISLAND BOROUGH
ORDINANCE NO. FY2021-14
AN ORDINANCE OF THE ASSEMBLY OF THE KODIAK
APPROPRIATING $ FOR PURPOSES OF ADVOCATING IN
PROPOSITION AT THE OCTOBER 6, 2020 REGULAR MUNICIPAL E
WHEREAS, The Kodiak Island Borough Assembly finds that the cur &RNua th oil prices
and unemployment make it likely that the State of Alaska may contir {e f;a fu y fund school
bond debt service reimbursement payments due the Borough foryg t fi cal years; and
WHEREAS, The Kodiak Island Borough JAssembly find 4 "at H�'%g State of Alaska fails to
fully fund school bond debt service reimbursement, the(mo of t e shortfall is unpredictable
if that shortfall must be made up
tuations in tax rates from year to
iat the current Borough General
ih FY 2026, and then expected to
significant shifts in tax rates from
may be damaging to economic
if the State of Alaska continues to
nts due the Borough, the Borough
ear to year to meet debt service
=und for grants or direct payments
I
WHEREAS, The Kodiak Island Borough Assembly finds that the Facilities Fund is an areawide
borough reserved fund which contains sufficient funds to facilitate grants when needed to allow
the Borough to respond to unexpected fiscal challenges or budgetary demands caused by failure
of the State of Alaska to fully fund school bond debt reimbursement, and that it is in the public
interest to allow this flexibility on a temporary basis through FY 2026; and
Kodiak Island Borough, Alaska
Ordinance No. FY2021-14
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WHEREAS, The Kodiak Island Borough Assembly finds that KIBC 3.10.120 calls for approval
of 2/3 of the Borough voters voting on the question in order to authorize expenditures from the
principal of the Facilities Fund; and
WHEREAS, The Kodiak Island Borough Assembly finds that Proposition _ placed before the
voters to ratify Ordinance 2021-_ allowing the principal of the Facilities Fund to be used on an
interim basis through FY 2026 as a source for making debt service payments under KIBC
3.10.120(D)(4) would, if approved, enable the Borough to moderate the fluctuation in roperty tax
rates required to make debt service payments; and
WHEREAS, The Kodiak Island Borough Assembly finds AS 15.13.145 al ss of ough
funds to promote a ballot proposition so long as the funds for that purposes en"ecifically
appropriated by ordinance for that purpose; and �^
WHEREAS, The Kodiak Island Borough Assembly finds
appropriate $ to be expended on advocacy in favor of P
regular municipal election.
NOW, THEREFORE, BE IT ORDAINED BY
BOROUGH THAT:
Section 1: This ordinance is of a general of
Kodiak Island Borough Code of Ordinances.
Section 2: That the sum of $_
purpose of advocating in favor
Election.
Effective Date: This
UGH
n'41--J
William)Roberts, Mayor
VOTES:
Ayes:
Noes:
Kodiak Island Borough, Alaska
ublic interest to
October 6, 2020
OF THE KODIAK ISLAND
and shall become a part of the
3ted from the General Fund fund balance for the
ition _ at the October 6, 2020 Regular Municipal
effect upon adoption.
MBLY OF THE KODIAK ISLAND BOROUGH
DAY OF 2020.
ATTEST:
Alise Rice, Borough Clerk
Ordinance No. FY2021-14
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