06/09/1972KODIAK ISLAND BOROUGH ASed @ID 6 9 7
SPECIAL rImaTNG
JUNE 9, 1972 CONTINUATION OF JUNE 7th, 1972 MEETING
I CALL TO ORDER
The meeting was called to order by Presiding Officer Norman Sutliff at 12:40
in the Borough Office, Donnelley Building, Kodiak, Alaska. This meeting is
a continuation of the June 7th, meeting.
II ROLL CALL
Present Absent
Mr. Wilton T. k'hite, Borough Chairman
M¢'. Norman Sutliff, Presiding Officer
Mr. Richard Sims
Mr. Fred Brechan
Mr. Lon Arndt
Mr. Harry Clowes
Also present: Mr. J. D. Fulp, School Board Herber and Russell M. Walker,
Borough Clerk- Treasurer.
III PURPOSE OF MEEET717G
The meeting of the 7th of June, 1972, was reconvened to complete the discussion
and decision on the School Bond Issue. Mr. 'White reported that contact had
been made with Roy Madsen, Borough Attorney, to determine up to date information
and Mr. Madsen said that he had not up to this date received information from
Forrest Walls Mr. White talked to Forrest Walls in Seattle and was informed
that he had in fact received a letter from George Vogt on this date and that
he was in a position at this time to complete the bond package. Dan Nelson,
Foster & Marshall had been contacted and instructed to prepare literature and
sales prospectus. The normal time for such preparation and obtaining interim
finance is about 60 days. The bids as received were reviewed for the information
of the Assembly members noting that Ken Brady was the apparent low bidder with
a bid of $3,659,994,00 less Alternate 113 of $11,243.00. It was suggested by the
Borough Chairman that the Assembly consider acceptance of Schedule "A" less
Alternate 6'3 in the amount of $11,243.00, and that established amount of the
bid of Schedule "A" from bidder Ken Brady, who is the low bidder, is
$3,659,994.00, so moved by Mr. Sims, seconded by Hz'. Brechan.
Or. Sims suggested that the Borough should write to Foster & Marshall and request
a draft of the prospectus prior to its being sent to the printers. All members
were in agreement with this suggestion. [r. White noted that the action as filed
by Hr. Vogt is a class action and does not name the Kodiak Island Borough nor
the Borough Chairman.
Mr. Clowes wanted to be sure that the money borrowed from the 207 Funds would
be repaid_as this was to be used for the retirement of the debt service on the
new school building. All of the Assembly members were in agreement that the
Chairman should proceed in this direction that all funds from the sale of the
downtown school and Public Law 207 funds and any other federal funds available
were to be used for the retirement of the debt service for the first two years
rather than to be used for adding to the project,
IV ADJOURNTENT
The meeting was adjourned at 1:00 P.M.
ATTEST: . APPROVED:
Russell r4. Walker, Borough Clerk Wilton T. White, Borough Chairman