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Borough, district near sign-off on MOA to repay roughly $5.4M over multiple years; exhibit pending
Summary
Officials said the borough and school district have agreed on repayment language and are awaiting a final exhibit and attorney sign‑off before the district board holds a special meeting to vote on a multi‑year repayment MOA; members emphasized avoiding additional debt and noted the loan will have a variable interest rate.
Members of the Ketchikan Gateway Borough Assembly–School Board Liaison Committee were told the borough and district have largely resolved language for a repayment memorandum of agreement to address the district's roughly $5.4 million note and are awaiting a final exhibit and attorney sign-off before a special district meeting and vote.
"We will get the final exhibit and those final edits before the attorney and before the board,…
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