HomeMy WebLinkAboutIndian River Hydroelectric Project AEA Closeout Letter 2019 REF Grant 7060978
813 West Northern Lights Boulevard, Anchorage, Alaska 99503 | P 907.771.3000 | Toll Free 888.300.8534 | F 907.771.3044 | WWW.AKENERGYAUTHORITY.ORG
REDUCING THE COST OF ENERGY IN ALASKA
January 9, 2020
John Wisenbaugh, Mayor
City of Tenakee Springs Electric Department
P.O. Box 52
Tenakee Springs, AK 99841
Re: Grant Agreement No. 7060978
Indian River Hydroelectric Project Construction
Dear Mayor:
The above referenced project has been completed and the grant closed. Our records indicate that final funds
have been disbursed.
Final grant expenditures by funding source are as follows:
• State funds: $2,988,000
• State funds to community managed by AEA: $312,000
• Community funds: $20,000
• Community Excess Funds: $10,317.60
• Total funding: $3,330,317.60
The Grantee shall keep a file for financial, progress and other records relating to the performance of the grant
agreement. The file must be retained for a period of four years from the fully executed close out of the grant
agreement or until final resolution of any audit findings claim or litigation related to the grant. The Authority
may inspect, in the manner and at reasonable times it considers appropriate, records and activities under this
Grant Agreement.
The Alaska Energy Authority has enjoyed working with you towards the accomplishment of this project.
If you have any questions regarding this closeout, please feel free to contact me at 907-771-3000 or by email
at grants@akenergyauthority.org.
Sincerely,
Karin St. Clair
Grants Manager
Enclosure: Signed Notice of Project & Grant Closeout