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1995-09 Establishing a Near Island Research Facility Enterprise FundKODIAK ISLAND BOROUGH ORDINANCE NO. 95 -09 Introduced by: Mayor Selby Requested by: Mayor Selby Drafted: Finance Director Introduced: 12/07/95 Public Hearing: 12/21/95 Adopted: 12/21/95 AN ORDINANCE ESTABLISHING A NEAR ISLAND RESEARCH FACILITY ENTERPRISE FUND WHEREAS, much of Kodiak's lifestyle and livelihood is linked to the sea; and WHEREAS, this imposes continuous pressure on the oceans surrounding Kodiak to provide more and more resources; and WHEREAS, a fisheries and oceanographic research facility located in Kodiak is desirous to preserve Kodiak's way of life; and WHEREAS, several government agencies, including the National Marine Fisheries Service, Alaska Department of Fish and Game, University of Alaska, and National Park Service, are desirous of leasing space in a research facility located in Kodiak; and WHEREAS, the Kodiak Island Borough has the ability to construct, maintain, and operate a research center in Kodiak; and WHEREAS, grants from several government organizations and lease payments from said research facility would pay for the construction, maintenance, and operation of the research facility; and WHEREAS, this research facility would not be a monetary burden on the Kodiak Island Borough due to these funding sources; and WHEREAS, the Kodiak Island Borough Code section 3.04.050 subsection H states other enterprise funds, as needed, shall be established; NOW, THEREFORE, BE IT ORDAINED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH that: Section 1: This ordinance is not of a general and permanent nature and shall not be a part of the Kodiak Island Borough Code of Ordinances. Kodiak Island Borough, Alaska Ordinance No. 95 -09 Page 1 of 2 Section 2: An enterprise fund entitled "Near Island Research Facility" will be established by the Kodiak Island Borough and will become a part of the Borough budget and general ledger. Section 3: It is understood that the lease payments from this facility will pay for the expenses of this facility, including all operations and maintenance costs and debt service. ATTEST: ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THIS TWENTY -FIRST DAY OF DECEMBER , 1995. Co 011 lc 71" ti 7-_/ C /YtC__ nna F. Smith, CMC, Borough Clerk KODIAK ISLAND BOROUGH Stevns, Presiding Officer Kodiak Island Borough, Alaska Ordinance No. 95 -09 Page 2 of 2