Assembly clarifies interfund-loan rules after executive session; adopts Resolution 3155
The assembly adopted Resolution 3155 on Nov. 3, 2025, to clarify how the borough computes interest and rates on interfund loans from the Land Trust Fund after discussing related legal strategy in executive session.
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After an executive session in which the assembly discussed legal strategy related to an interfund loan to the South Tongass service area for an aerial ladder truck, the Ketchikan Gateway Borough Assembly returned to open session and adopted Resolution 3155 on Nov. 3, 2025. The assembly reported that it discussed strategy but took no action during executive session.
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