DENALI BOROUGH, ALASKA
ORDINANCE NO. 97-01
INTRODUCED BY: Mayor Gonzales
AN ORDINANCE AMENDING CHAPTER 19 OF
THE DENALI BOROUGH CODE OF ORDINANCES, BY ADDING SECTION 6, TITLED CAPITAL
IMPROVEMENT FUND.
BE IT ENACTED by the Assembly of the Denali Borough, Alaska
that:
Section 1.
Classification.
This ordinance is of a general and
permanent nature.
Section 2. Created.
The Denali Borough Reserve Fund for
Capital Improvements is hereby created.
Section 3. Purpose.
The purpose for this fund is to set
aside and disperse capital projects funds in the Denali Borough.
Section 4.
Investment.
Investment vehicle for these funds
may be a three year Bond Ladder.
Section 5. Criteria.
Capital Projects must meet the
following criteria:
1.
A project must be listed on the 6 year Denali Borough Capital
Improvement Program list;
2.
A new asset or construction or an improvement on an existing asset that
extends it's life significantly;
3.
Capital Projects should not include improvements that are routine in
nature;
4.
Requires 2/3 majority vote by the Denali Borough Assembly;
5.
Projects should be in the public interest and beneficial to the area;
6.
Assembly should make final decision on administration of project;
7.
Should comply with all Federal and State laws and regulations. The applicants are responsible for permits
and evidence of such permit;
8.
Applicants should be responsible for all aspects of project;
9.
An application should contain in the following;
a.
Project description.
b.
Administration of project/who will administer.
c.
Value and credentials of project.
d.
Benefit of project for borough and community.
e.
Cost breakdown.
f.
In awarding contracts for Capital Improvement Project, preference shall
be given to local contractors of local hire as per Section 14 C (i) of
Ordinance 93-01B, an ordinance providing for procedures for procurement and
contracting standards for the Denali Borough.
Section 6. Effective
Date. This ordinance becomes effective upon
adoption by the Denali Borough Assembly and signature of the Mayor.
DATE INTRODUCED: MARCH 9,
1997
FIRST READING: MARCH 9, 1997
PUBLIC HEARING: AUGUST 10, 1997
PASSED and APPROVED by the DENALI BOROUGH ASSEMBLY this 10TH
day of AUGUST, 1997.
SIGNATURE ON FILE
Mayor
ATTEST: SIGNATURE ON FILE
Borough Clerk