MEMORANDUM
TO: Timothy Navarre, Assembly President
Members, Kenai Peninsula Borough Assembly
FROM: Timothy Navarre, Assembly President
DATE: July 25, 2002
SUBJECT: Ordinance 2002-32, appropriating $300,000 in interest income for firefighting equipment and construction
This ordinance appropriates $300,000 in interest income remaining from the spruce bark beetle congressional grants received by the borough to be spent for firefighting equipment and construction. The remaining balance of interest earnings from congressional grants is approximately $380,000. In my opinion, spending the money in this manner is entirely consistent with congressional purposes in appropriating the grant funds and will help provide a tangible long-term benefit for the borough residents. Your support of this ordinance would be appreciated.