This ordinance would appropriate a federal grant of $3,137,500 administered through the Alaska Department of Fish and Game into the Statter Harbor CIP.
This grant would provide construction funding for the new two-lane launch ramp at Statter Harbor. CBJ is required to provide a 25% match or not less than $1,045,833.34 of non-federal funds. The construction phase is projected to cost approximately $10M and is fully funded with the ADF&G contribution. The CBJ match is currently in the Statter Harbor CIP account provided by city sales tax proceeds.
With the ADF&G grant construction of the project would begin in fall of 2014 and be completed by spring of 2016.
The Docks and Harbors Board reviewed this ordinance, and its requirement for matching funds, at its June 26, 2014 meeting and recommended forwarding to the full Assembly for approval.