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<br />Cm1rt?dfY 2DO~-;Z3 <br /> <br />MEMORANDUM OF AGREEMENT BETWEEN <br />THE KODIAK ISLAND BOROUGH AND THE CITY OF LARSEN BAY <br />REGARDING CITY OF LARSEN BAY MANAGEMENT AND OPERATION <br />OF THE LARSEN BAY EQUIPMENT PROJECT <br /> <br />PURPOSE: <br /> <br />This Memorandum of Agreement (Agreement) outlines the terms under which the <br />Kodiak Island Borough (the Borough) agrees to authorize the City of Larsen Bay <br />(hereinafter sometimes also referred to as City) to manage the Larsen Bay Equipment <br />Project (hereinafter sometimes referred to as "Project" and the end product as "the <br />Equipment") funded under Grant 07-DC-324, issued by the Department of Commerce, <br />Community and Economic Development (DCCED) (hereinafter sometimes referred to <br />as "Grant Agreement"), attached hereto as Exhibit B and hereby incorporated by <br />reference and consistent with the following: <br /> <br />PROJECT TITLE: Larsen Bay Equipment <br />AGREEMENT EFFECTIVE DATE: ~er 11 <br />AGREEMENT COMPLETION DATE: June 30,2011 <br /> <br />J.LJo'g <br />,?)J67 ~ ~L <br />,~ <br /> <br />GRANT TERM: <br /> <br />July 1, 2006 - June 30, 2011 <br /> <br />GRANT AMOUNT: $70,000 <br />SERVICES: <br /> <br />A. KODIAK ISLAND BOROUGH SHALL: <br /> <br />1. Provide grant administration for Grant 07-DC-324 to ensure compliance with <br />grant provisions, including, but not limited to filing all progress and financial <br />reports required by DCCED. <br /> <br />2. Reimburse the City of Larsen Bay for authorized expenditures incurred by the <br />City for the Larsen Bay Equipment Purchase Project in an amount not to exceed <br />that provided for such purpose in the above referenced grant. These costs shall <br />be reimbursed subject to compliance with the Project Budget, and any <br />co. .hC!-ortl lonf "'=Ill""r'\o.nrh~"\.o.n"C" of" tho. Drl""\io.~+ C: I .rI".o.+ ~nrl ~II n+ho.r nrl""\\/ic-inr'\c- "f ~rl"!.t"'\+ <br />v\AtJ.;;Jv'"1U~IU c;u I l'lii;il 1\.Alllvl I"":' I.V \.11'" I IVJvv\. L.lUU~V'" CUI\,A 0.11 VIoI'vl tJ1VY1..,;:)IVllv VI """'CUIL <br />07-DC-324, issued by the DCCED. <br /> <br />B. THE CITY OF LARSEN BAY SHALL: <br /> <br />1. Operate and manage the Project in compliance with the Scope of Work and all <br />other provisions of Grant 07-DC-324 and any subsequent amendments issued by <br />DCCED. <br /> <br />Memorandum of Agreement - City of Larsen Bay Equipment -- Page 1 of 6 <br />