MEMORANDUM

KENAI PENINSULA BOROUGH

FINANCE DEPARTMENT

To: Ronald Wm. Drathman, Assembly President

Members, Kenai Borough Assembly

Thru: Mike Navarre, Mayor

From: Jeffrey Sinz, Finance Director

Date: April 8, 1999

Subject: Ordinance 99-23, Appropriating Funds for Underground Storage Tank Removal, Site Remediation and Installation of a New Above Ground Tank at South Peninsula Hospital

The attached ordinance appropriates unreserved retained earnings of the South Peninsula Hospital Enterprise Fund for costs associated with removal and replacement of an underground storage tank located at the hospital. A letter from Charles Franz, SPH-CEO providing additional information regarding the background and need for the project is attached. In addition, a cost estimate prepared by John Smith, Project Manager with the borough Public Works Department is also attached.

A shortened hearing is requested in order to help complete this project prior to the start of the SPH expansion project scheduled for later this summer.