HomeMy WebLinkAboutResolution No. 2010-60the cry of
AL ALASKA
CITY OF KENAI
RESOLUTION NO. 2010 -60
Suggested by: Administration
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, SUPPORTING
THE USE OF FUNDING PROVIDED THROUGH THE ECONOMIC RECOVERY ACT FOR
BUCCANEER ALASKA AND POSSIBLY OTHER COMPANIES TO ACQUIRE A JACK -UP
DRILL RIG FOR USE IN COOK INLET.
WHEREAS, the Economic Recovery Act allocated 57,315,000 to the Kenai Peninsula
Borough and in total S 135,000,000 was allocated throughout the State of Alaska; and,
WHEREAS, a portion of that allocation was transferred to the City of Kenai, and the
Kenai City Council declared the City of Kenai as an Economic Recovery Zone; and,
WHEREAS, the unused portion of the funding provided through the Economic
Recovery Act is now with the Alaska Industrial Development and Export Authority
(AIDEA); and,
WHEREAS, SB 309 was enacted and signed into law on July 7, 2010 and that
legislation authorized credits for drilling from a Jack -Up Platform in the Cook Inlet;
and,
WHEREAS, Buccaneer Alaska, and possibly other companies, are submitting a
proposal to the AIDEA for funds to acquire a Jack -Up Drill Rig to bring to the Cook
Inlet; and,
WHEREAS, Buccaneer Alaska has expressed an interest in establishing a local office
within the City of Kenai.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, the City of Kenai supports the use of funding provided through the Economic
Recovery Act for Buccaneer Alaska and possibly other companies to acquire a Jack -Up
Drill. Rig for use in Cook Inlet.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 20th day of
October, 2010.
ATTEST:
Carol L. Freas, City Clerk
PAT PORTER, MAYOR
f�1C L/ of/
KENAI, ALASKA
MEMO:
TO: Kenai City Council
FROM: Rick Koch, City Manager
DATE: October 14, 2010
SUBJECT: Resolution No. 2010 -60
The purpose of this correspondence is to recommend Council approval of the above
referenced resolution.
On October 14 Administration met with Speaker Mike Chenault, Senator Tom Wagner's
staff, Representative Kurt Olson's staff and representatives from Buccaneer Alaska, to
discuss the possibility of Buccaneer Alaska's acquisition of a jack -up drill rig for use in the
Cook Inlet. They will be submitting a proposal to AIDEA for funds, and asked the City of
Kenai for a letter of support.
Thank you for your attention in this matter.
Village with a Past, a with a Future'
210 Fidalgo Avenue, Kenai, Alaska 99611 -7794 i a l
Telephone: 907 283 -7535 FAX: 907 283 -3014
1992