FY2006-16 Lateral Expansion Design & Construction of Landfill Loan - AK Clean WaterKODIAK ISLAND BOROUGH
RESOLUTION NO. FY2006 -16
Introduced by: Manager Gifford
Requested by: Assembly
Introduced: 11/03/2005
Adopted: 11/03/2005
A RESOLUTION OF THE KODIAK ISLAND BOROUGH
AUTHORIZING THE MANAGER TO APPLY FOR A LOAN FROM THE ALASKA CLEAN
WATER FUND FOR THE LATERAL EXPANSION DESIGN AND CONSTRUCTION
OF THE KODIAK ISLAND BOROUGH LANDFILL
WHEREAS, the Kodiak Island Borough seeks to obtain the necessary financial assistance to design
and construct the lined lateral expansion at the landfill including the leachate collection system at an
estimated cost of $2,612,000; and
WHEREAS, the State of Alaska, Department of Environmental Conservation (DEC) is able to offer
funding through the Alaska Clean Water Fund at an interest rate of 1.5 %; and
WHEREAS, the Borough wishes to apply for a loan from the Alaska Clean Water Fund for a 15 year
repayment term ($195,000 estimated annual payment);
WHEREAS, the cost to design the lateral expansion and leachate collection system is estimated at
$350,000 and the construction of same is $2,262,000 and;
NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND
BOROUGH that the Kodiak Island Borough is authorized to apply to DEC for a loan from the Alaska
Clean Water Fund for the construction of a lined lateral expansion and leachate collection system.
BE IT FURTHER RESOLVED that If the loan is approved by DEC, the Manager, or his designee, is
authorized to execute any and ail documents that may be required by DEC to reflect the
indebtedness, the terms of its repayment, and any security therefore, including but not limited to an
agreement for the loan and a promissory note.
ATTEST:
Kodiak Island Borough Alaska
ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS THIRD DAY OF NOVEMBER 2005
J ith A. Nielsen, CMC, rough Clerk
Kodiak Island Borough
Jerb M. Selby, Borough ' ayoc
Resolution No. FY2006 -16
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