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FY2008-31 Supporting House Bill 373WHEREAS, the Alaska State Constitution provides that the Legislature shall by general law establish and maintain a system of public schools open to all children of the State; and WHEREAS, the Kodiak Island Borough endorses support to HB373 to extend the sunset for school debt reimbursement until November 30, 2010; and WHEREAS, HB373 would allow the Kodiak Island Borough to pay costs of any new school construction projects; WHEREAS, it will also give opportunity to supplement funding for the bonds that were approved a few years back that have experienced higher construction costs due to inflation, higher costs of supplies and labor; and WHEREAS, extending the sunset for school debt reimbursement will give additional opportunity to survey the needed improvements necessary for the Kodiak Island Borough school district facilities; NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH that by this resolution, hereby endorses support to HB 373. NOW, THEREFORE, BE IT FURTHER RESOLVE BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH that this resolution shall be submitted to Governor Sarah Palin, Senator Gary Stevens, Representative Gabrielle LeDoux, and the House Finance Committee. ATTEST: A RESOLUTION OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH SUPPORTING HOUSE BILL NO. 373, AN ACT EXTENDING SPECIFIED PUBLIC SCHOOL BOND DEBT REIMBURSEMENT AND PROVIDING FOR AN EFFECTIVE DATE Kodiak Island Borough ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH THIS TWENTIETH DAY OF MARCH, 2008 A, No a . Javier, CM , c orough Clerk KODIAK ISLAND BOROUGH RESOLUTION NO. FY2008 -31 Introduced by: Manager Gifford Requested by: KIB Assembly Drafted by: Borough Clerk Introduced: 03/20/2008 Adopted: 03/20/2008 KODIAK ISLAND BOROUGH JeFome M. Selby, Borou• • - • Resolution No. FY2008 -31 Page 1 of 1