The Kenai Peninsula Borough Assembly is looking to extend the deadline to use a grant towards funding a new school for the community of Kachemak Selo.
The assembly is looking to extend the deadline in order to have more time to come up with the required local match.
The project to build a new K-Selo School was submitted to the Department of Education and Early
Development (DEED) during the FY17 grant application process and awarded funding through the State of Alaska. The DEED grant, awarded in the amount of $10,010,000 requires 35 percent cash, in-kind or a combined contribution.
At the regular election held on October 2, 2018, ballot proposition one failed, rejecting the issuance of $5,450,000 general obligation bonds that would have met the required cash match.
The DEED grant will expire June 30, 2019; however, the option to extend the grant agreement up to seven years is available.
In a letter from Brenda Ahlberg, Community & Fiscal Manager, the borough intends to work with the State of Alaska to extend the grant agreement and to secure the 35 percent match requirement.
The assembly will vote on whether to introduce an ordinance, at their meeting on Tuesday, that would allow Kenai Peninsula Borough Mayor Charlie Pierce to move forward with the extension request.
The Kachemak Selo New School K-12 Construction project began on July 9, 2011 when a petition was submitted by the local residents to the school board requesting a public school facility.
The school currently functions out of three leased, residential-type facilities that have deteriorated to the point that they are no longer viable as educational facilities.