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<br />R r='f~OOg -'11 <br />'Xr{fF(]tltyxfA,)o . <br />SUPPLEMENTAL MEMORANDUM OF UNDERSTANDING 4'/lJ)08''2!J <br /> <br />This agreement, effective the ~ay of 2008, is between the <br />Kodiak Island Borough ("KIB"), Kodiak Island Health Care F undation ("KIHCF") and <br />Providence Kodiak Island Medical Center ("PKIMC"). <br /> <br /> <br />RECITALS <br /> <br />In March 2004, the parties executed a Memorandum of Understanding ("MOU") <br />regarding the Kodiak Community Health Center ("KCHC"). By mutual agreement, the <br />term of the MOU has been extended so that it is to end at the earlier of (a) December <br />31,2008 or (b) the execution of a definitive agreement by the parties. Atrue and <br />accurate copy of the MOU with its addenda is attached as Exhibit A. <br /> <br />When the MOU was executed in March 2004, the parties anticipated that a <br />portion of the building occupied by PKIMC would be improved and altered to <br />accommodate the KCHC. Since then, the KIHCF has acquired funding so that a new <br />structure can be built on the real property leased by PKIMC from the KIB. This <br />structure ('the construction project") will be attached to the existing building. <br /> <br />Accordingly, the parties, by this Supplemental Memorandum of Understanding <br />("SMOU"), intend to confirm and update the terms of their agreement. <br /> <br />AGREEMENT <br /> <br />For and in consideration of their respective promises, the parties agree as <br />follows: <br /> <br />1 . Except to the extent that specific sections of the MOU are modified by this <br />document, the terms of the MOU are incorporated into this SMOU. <br /> <br />2. As owner of the existing physical improvements on the real property <br />leased by PKIMC from the KIB, the KIB shall be the party to enter into architectural, <br />engineering and construction contracts as approved by PKIMC and KIHCF. All <br />contracts are subject to the KIB Code and all loans and/or grants obtained by or for <br />KIHCF. <br /> <br />3. The current funding sources and amounts are: <br /> <br />Construction Funding (Grant Funding) <br />Denali Commission <br />Rasmuson <br />Murdock <br />KIB <br />Kodiak Foundation <br />Denali Com Design Phase <br /> <br />$1,802,347 <br />$750,000 <br />$250,000 <br />$125,000 <br />$30,000 <br />$443,563 <br />