MEMORANDUM

TO: Timothy Navarre, Assembly President

Members of the Kenai Peninsula Borough Assembly

THRU: Dale Bagley, Borough Mayor

FROM: Bonnie L. Golden, Grants Manager bg

DATE: August 9, 2001

SUBJECT: Ordinance Authorizing the Receipt of a Municipal Capital Matching Grant from the State of Alaska for Road Projects; and Appropriating $706,926 to a Capital Project Account

The Alaska Legislature has appropriated $494,848 to the Kenai Peninsula Borough for its allocation under the FY02 capital matching grant program. This is a $2,842 decrease from the amount received from the State last year ($497,690). Grant funds are to be used to continue our borough-wide road improvement program. The Road Service Area Board and the Assembly through adoption of KPB Resolution 2000-084 approved projects to be completed using these grant funds.

A local share must match the State's share on a 30/70 split based on the total project cost. Therefore, using the appropriated amount of $494,848, the required local share is $212,078. The local share for the Road Service Area was approved within the service area's budget for fiscal year 2001/02. The attached ordinance transfers the State's share to the same account.

/bg

cc: Gary Davis, KPB Roads Director