[{"_1":2,"_122":-5,"_123":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99,110],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6746228,"mediaKeyId","2175511-9eb96b74258d7567d402fbc0fe67f709","parentId",2175511,"title","Kodiak Island Borough reviews draft short-term investment policy, eyes broader eligible investments","audioSeconds",83,"startMs",1475000,"endMs",1558000,"viewUrl","/Search/View?dp=1&key=2175511-9eb96b74258d7567d402fbc0fe67f709&start=1475&end=1558","thumbnailUrl","https://assets.pipeline.soar.com/2175511-9eb96b74258d7567d402fbc0fe67f709/thumbnail_1475000.jpg","articleUrl","/articles/6746228/Kodiak-Island-Borough/Alaska/Kodiak-Island-Borough-reviews-draft-short-term-investment-policy-eyes-broader-eligible-investments","mediaUrl","https://secure.pipeline.soar.com/6746228-d8e0b90f48e8a3763cf3af633c596d5c/orig.mp4?Expires=1771161926&Signature=KPinpsx0MDwxM0Kw3KU4YnNw0-RNcl~Ubn2Vxq1OA229wVVTCyUL0fZZrBRtOnccZW4nFtbzqyOCW-F3nsXuDiA4Pmmg0kyIEvtDpWJKJ-Udh1fPQcTl2sKEB~eXU6nXVzTuEssZlpBec~UECMiXHXdpop~L6SQhEWXYtabuqrkj3wNB2E-az3NlEobddKK1i94-QR~R1l8oTl8vnPHn3xZ~Gvahjb0rOIlsoOMpAZbPTldBsHDEhD10baUNM7Iy8kgd8pXmUSaXCxOTnsYVrNkZTNCPO~lezPBPV3I1i6VX5ZxZoeBoQI8IjqzwpzyUtzJfq3MnqeP4YXfqvwssww__&Key-Pair-Id=KUT5TJCACFTXG","author","Kodiak Island Borough","date","2025-01-31T06:04:44.12Z","article","Finance Director Dora Cross told the Kodiak Island Borough Assembly on Jan. 30 that the borough’s short-term portfolio is heavily weighted toward federal government agencies and government-sponsored enterprises, and she recommended adopting a short-term investment policy to clarify liquidity and diversification rules.

Cross said \"91% of them are in US government agencies,\" and explained that the borough’s current approach prioritizes safety first, liquidity second and return last because the funds include money held for the school district and other entities. She described a laddered approach that staggers maturities to match known cash-flow obligations and said the draft policy would codify operating-, core- and strategic-cash buckets and set limits such as a weighted average maturity cap and diversification parameters.

Assembly members voiced support for keeping public funds conservative but flexible. Assemblymember Ryan said he wanted broader stakeholder input before adopting a policy and suggested a subcommittee or outreach; Assemblymember Amy said the short-term language largely formalizes current practice and recommended moving the short-term policy forward while treating long-term facility funds separately. Several members, including Jared and Beau, said they favored increasing permissible investment types to include money-market instruments, municipal or corporate bonds and pooled investments so the borough can diversify beyond heavy exposure to a single issuer.

Manager Amy and Cross described the administrative path: the policy would be referenced in borough code but implemented as a policy adopted via ordinance so there would be public hearings and an opportunity for members of the public to comment. Cross also noted operational constraints—she must maintain sufficient liquidity for school-district withdrawals and large project payments—and said exceptions would be allowed if market events (for example, bond calls) temporarily unbalance the portfolio.

The assembly did not adopt an ordinance at the work session. Members directed staff to pursue stakeholder input and return a draft ordinance for formal consideration; they also asked staff to schedule a near-term work session to discuss longer-term investment strategy for the facility fund.

Looking ahead, Finance Director Dora Cross said adoption would require additional reporting and monitoring steps, including an investment matrix and periodic compliance reports to demonstrate adherence to rating and concentration limits.","mediaType","Video","parentTitle","Kodiak Island Borough Livestream","oneSentenceSummary","Finance Director Dora Cross told the Kodiak Island Borough Assembly on Jan. 30 that the borough’s short-term portfolio is heavily weighted toward federal government agencies and government-sponsored enterprises, and she recommended adopting a short-term investment policy to clarify liquidity and diversification rules.","taxTitle","Kodiak Island Borough, Alaska","taxId",13713,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6746220,"Assembly asks for data and city coordination as it considers short-term rental licensing and limits",244,4036000,4280000,"/Search/View?dp=1&key=2175511-9eb96b74258d7567d402fbc0fe67f709&start=4036&end=4280","https://assets.pipeline.soar.com/2175511-9eb96b74258d7567d402fbc0fe67f709/thumbnail_4036000.jpg","/articles/6746220/Kodiak-Island-Borough/Alaska/Assembly-asks-for-data-and-city-coordination-as-it-considers-short-term-rental-licensing-and-limits","https://secure.pipeline.soar.com/6746220-005c825d43ec7e7cd112016a60500cf1/orig.mp4?Expires=1771161926&Signature=U-h7NeV-iDvhX8CVsgZh~SiksHlNh-UXFypKyeroMfOq7-w1VGPtT8RrLhCf0tB5CHPIeGrAAMnXvcZAg3kYnwzjHGSvBoVq-ULcmH1IxzWi1ALz9YsCP7q2QO-wLx0H-JmPW9qNgCjrrNZq32zpeVtlqc-izug9yk-wvc0la8L~8kHUvt4WpE4HKKXialpr~0xiYDA88K89YqVjBeX0r~p8W~9kqZGa5Igvr90WUz8Nawo5HGiYVT5omukz60WBBcb13v8L1Kzox91PIqbJVq-eP2HpBgqSqVfp-9ePd2PqDj6vkZ-C06b46dKiEojQUDYgDpzidbGS2z--IaFPBw__&Key-Pair-Id=KUT5TJCACFTXG","Assemblymembers discussed a proposed resolution that would require all short-term rentals (STRs) operating in the Kodiak Island Borough to register and obtain a borough license by July 1, 2025, and to halt authorization of new STRs until a licensing system and limits are established.

Manager Amy said staff had attempted to collect hotel-occupancy and STR data; only one hotel responded and Discover Kodiak could not provide occupancy data for packet inclusion. She also said cross-checking borough and city lists revealed discrepancies: the city reported 58 STRs inside city limits, while borough checks identified 69 inside city limits, suggesting an incomplete accounting in licensing and accommodation-tax filings.

Assemblymember Jared Johnson and others tied STR policy to housing availability. Jared cited academic studies showing correlations between short-term rental concentration and higher rents and house prices, and argued the borough must act if it wants to address a local housing shortage. Assemblymember Larry said the first priority is to determine how many STRs exist and which uses should be exempt (for example medical/hospital facilities or owned institutional housing), and that the borough should coordinate with the City of Kodiak. Several members said they favored limiting new entries while gathering better data.

The Assembly set immediate next steps: a joint work session with the City of Kodiak is scheduled for Feb. 4, and the Assembly will revisit STR policy in the Feb. 13 work session. Staff were asked to provide updated counts, maps and any occupancy data it can obtain for those meetings. No licensing ordinance or resolution was adopted at the Jan. 30 work session.","Assemblymembers discussed a proposal to require registration and licensing of short-term rentals boroughwide by July 1, 2025. Members stressed housing impacts, requested coordinated data with the City of Kodiak, and set a joint work session and Feb. 13 follow-up for more information.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6746225,"Assembly weighs tighter code to remove abandoned vehicles; legal review requested",240,3119000,3359000,"/Search/View?dp=1&key=2175511-9eb96b74258d7567d402fbc0fe67f709&start=3119&end=3359","https://assets.pipeline.soar.com/2175511-9eb96b74258d7567d402fbc0fe67f709/thumbnail_3119000.jpg","/articles/6746225/Kodiak-Island-Borough/Alaska/Assembly-weighs-tighter-code-to-remove-abandoned-vehicles-legal-review-requested","https://secure.pipeline.soar.com/6746225-357b536446928cfdc1044ec76d083110/orig.mp4?Expires=1771161926&Signature=EOntFSsSRgv2f09JzY0~pxlbiHyUkHt3jMJkVcgP6x5VEaB1VMaUSuxovcEAGVLvQfSBsY54hZyGWJJ-uzLtNekUZZ9DBBZZ0~pN3m8JbxZAvV-e-sgyKH4UsFCsXw8Udqxt07JPTDLn8iVq3ypSCl78E0IMZu3SqW4OM5NX66eC5Cf9z1Ct2cIcRXeMYGipIw~o6MzR-aeMha7no3OxJ9RBt3PDq3YPzmky36CF0rhPEAX9QuZ9gXVHZo6FXNuvVMTCgrJg1EepJg8tI5396BBWPdGsbU4DcQLy-x7vXflx5YEezQGWCC4XHwIvBxPfNyEQs0FVdjorAabTENZJZQ__&Key-Pair-Id=KUT5TJCACFTXG","Assemblymember Ryan Johnson introduced a draft ordinance at the Jan. 30 work session aimed at strengthening Kodiak Island Borough code (KIBC 10.10.010) to improve accountability for abandoned vehicles and related 'junk.' The proposed amendments are intended to give borough authorities clearer authority to remove or order removal of nonoperable vehicles from public rights-of-way and other borough-controlled locations.

Johnson told the Assembly the draft is \"a tailored effort to create accountability where accountability is not currently instilled within our code,\" and he linked the proposal to public testimony about environmental harms and derelict vehicles. Several residents had spoken earlier in the meeting supporting stronger enforcement.

Discussion focused on definitional clarity and enforcement mechanics. Manager Amy and others noted the draft currently uses both \"may\" and \"shall\" in places; Assemblymember Amy said she was concerned that a blanket \"shall\" requirement to remove junk from private property could force the borough to perform costly removals on private property at the owner's request. Assemblymembers asked for clearer definitions of \"junk\" and whether heavy equipment, trailers or derelict vehicles on private property would be included.

Several members urged formal legal review. Assemblymember Dave recommended forwarding the intent language to the borough attorney to produce enforceable code that meets the Assembly’s objective without unintended consequences. Deputy presiding and staff indicated the next step is to have Community Development staff and the borough’s law firm (Coburn Erickson was mentioned) draft code language consistent with the Assembly’s intent.

No ordinance was adopted at the work session. The Assembly signaled support in principle and requested a redraft from legal counsel that tightens definitions, clarifies enforcement authority (code-enforcement versus peace-officer terminology) and addresses funding or fee mechanisms for removal.","Assemblymember Ryan Johnson proposed code changes (KIBC 10.10.010) to increase borough authority over abandoned vehicles and other ‘junk.’ The Assembly supported the intent but asked legal staff to refine definitions and enforcement language, especially the use of 'shall' vs 'may' and responsibilities for removal from private property.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":103,"_47":104,"_49":105,"_51":106,"_53":107,"_55":56,"_57":58,"_59":108,"_61":62,"_63":64,"_65":109,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6746209,"Borough outlines ARPA reallocation options and accepts $53,000 fisheries disaster grant for economic projects",0,6874000,"/Search/View?dp=1&key=2175511-9eb96b74258d7567d402fbc0fe67f709&start=6874&end=6874","https://assets.pipeline.soar.com/2175511-9eb96b74258d7567d402fbc0fe67f709/thumbnail_6874000.jpg","/articles/6746209/Kodiak-Island-Borough/Alaska/Borough-outlines-ARPA-reallocation-options-and-accepts-53000-fisheries-disaster-grant-for-economic-projects","https://secure.pipeline.soar.com/6746209-fba53dba7a546c48c1279b5f099fa3c8/orig.mp4?Expires=1771161926&Signature=WilkA75eVZ~C0iSKpiyifpaUC36RczebDdmwzT9unJpcA6-y3VHWC4V~gzwhsz0gYB9l~qqWtlglLpoi5si-Mvubiz9aj1voBNBLmf-jwud-Mcu0FZgQAx4RS8GdIDf1GTZOz0OZTbcfq6t1Fefqy1R3lygO4GDgaQnOYbzg9CRzM-dQJ2kUzMPh8O2NfibXHN3Q5Aq7xG-L-nQBH~mBsKhEkxpD2ZrAsZ2BgJthdPXpM4rLX4UbK2oAoDW5ChkbRh~~Ww7g2MFf4MSw~pO10oxRpIhAjH5P~uTxuDJ3e8X2Xg8d5ZS~0AjAm7IiVZmjoY-syWsQzpWg4AuZ7S0dqw__&Key-Pair-Id=KUT5TJCACFTXG","Finance and staff briefed the Kodiak Island Borough Assembly on Jan. 30 about several packet items, including unspent American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Funds (SLFRF) and a separate fisheries disaster grant.

Staff reported the borough received $2,524,709 in ARPA SLFRF funds (half in Oct. 2021 and half in Oct. 2022). By late 2024 the borough had spent $778,157, leaving $1,746,553 unspent. Staff presented a prioritized list of candidate projects and contingency uses and reminded the Assembly of federal deadlines for obligation and reporting. The proposed list included several items; staff recommended ordering projects so funds could be obligated or reallocated as required by the grant terms.

Separately, staff said Kodiak is eligible for $53,000 in disaster funds tied to crab-fishery die-offs in 2021–23 and recommended appropriating those funds to a fisheries economic-development project budget. The money had already arrived, and staff planned to place it in the fisheries economic development project account subject to ordinance acceptance.

Assembly members discussed reordering priorities so that abatement and demolition for two properties (previously prioritized lower) would be higher on the list and to move a short-term health-insurance replacement contingency lower, arguing the abatement work has existing obligations. No appropriation votes were taken at the work session; the items were scheduled for public hearings and formal action at the regular meeting.","Staff proposed reassigning unspent ARPA SLFRF funds toward prioritized projects and contingency needs and presented a $53,000 fisheries disaster grant to be appropriated to fisheries economic development. The Assembly discussed prioritization and asked for a swap to fund abatement/demolition ahead of an insurance contingency.",{"_33":111,"_35":36,"_37":38,"_39":112,"_41":113,"_43":114,"_45":115,"_47":116,"_49":117,"_51":118,"_53":119,"_55":56,"_57":58,"_59":120,"_61":62,"_63":64,"_65":121,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6746214,"Assembly declines initial filing to support Fairbanks amicus petition on tax-appeal process",928,5190000,6118000,"/Search/View?dp=1&key=2175511-9eb96b74258d7567d402fbc0fe67f709&start=5190&end=6118","https://assets.pipeline.soar.com/2175511-9eb96b74258d7567d402fbc0fe67f709/thumbnail_5190000.jpg","/articles/6746214/Kodiak-Island-Borough/Alaska/Assembly-declines-initial-filing-to-support-Fairbanks-amicus-petition-on-tax-appeal-process","https://secure.pipeline.soar.com/6746214-148a8b6fb362e8a48d45d79e6f0c8058/orig.mp4?Expires=1771161926&Signature=GmH-li5y5LgC6eBGefED28ZbIgg1I~ESoWR1c3fiyRarCUla8qKW5hP6BfXe7ttA9r6g~wZ5AHObML4MWvtZiKtzMI2UUeh-osCz608EGhymtGcLGQKc8xgqS4XN1PEDFAUgXjRMAfa~Xr1Jlvrk8O-0AjRgMrFJOBrteHCg1rAHZNyH6SQMSkiALDbWmmWF~d1dNP28ZkLVn-RTa2AKRRZZGZBVdmJ5NIQmOdE5Djt8mqZWT4vN3Kll0g7-vtjoN-4zZ0L5jCrKgfZ6OvkBE4AC6ILqGusX25jdYfAMhlf87oe~~kIxhhE9tyPJ54g1LJUciJ3ZRs-NAkdsMhLEdA__&Key-Pair-Id=KUT5TJCACFTXG","The Kodiak Island Borough Assembly on Jan. 30 reviewed a request from the Fairbanks North Star Borough to support a Supreme Court petition challenging a superior-court interpretation of Alaska statute 29.45.200 regarding whether a taxpayer may be required to appeal through a borough board of equalization (BOE) before proceeding to superior court.

Manager Amy explained the background: a superior court decision had remanded a Kodiak matter and found municipalities could not require taxpayers to go first to a BOE. Fairbanks petitioned the Alaska Supreme Court for review, and asked Kodiak to file an amicus brief in support. Staff reported that initial legal work on the petition likely would cost only about $500 because an attorney already familiar with the earlier case could reuse parts of the brief; more extensive amicus briefing could cost more if the court requests full briefing.

Assemblymembers debated the merits. Several members said retaining the BOE step can save taxpayer money by keeping matters out of court and provides local options for appeal; others raised concerns about appearance of bias from elected officials hearing quasi-judicial appeals and suggested mandatory training if the Assembly continues to act as a BOE. Borough legal staff (Seema) noted that petitioners can still bypass the BOE and go to court, meaning leaving or removing the BOE option affects procedure but not the taxpayer’s ultimate options.

At the end of discussion the Assembly did not authorize the initial $500 support for Fairbanks’ filing. There was no motion to join an amicus brief; staff will not proceed with the initial filing unless the Assembly reconsiders.","Fairbanks North Star Borough asked Kodiak Island Borough to join an amicus brief asking the Alaska Supreme Court to review whether municipalities may require appeals to proceed to a BOE before court. The Assembly declined to commit funds for an initial filing and signaled it would not join an amicus brief at this time.","actionData","errors"]

Article not found

Kodiak Island Borough reviews draft short-term investment policy, eyes broader eligible investments

Assembly asks for data and city coordination as it considers short-term rental licensing and limits

Assembly weighs tighter code to remove abandoned vehicles; legal review requested

Borough outlines ARPA reallocation options and accepts $53,000 fisheries disaster grant for economic projects

Assembly declines initial filing to support Fairbanks amicus petition on tax-appeal process