SUPPORTING DOCUMENTS

The Borough submitted a Jobs Analysis (completed by Northern Economics) with their RAISE grant application. It noted, "The Borough is also planning on subsequent phases (Phase 3 and 4) that will involve further expansion of uplands areas to accommodate additional users... "

It also highlighted potential future users of a rebuilt and expanded Lutak Dock. The list included The Palmer Project and Yukon mines

$5M MATCHING FUNDS

February 2022

The Borough submitted a funding request for $3.2 million from the state:

"The Lutak Dock also plays a crucial role in the economic viability of the region. Key mineral mines in the Yukon territories, and other northern regions need access to maritime shipping as a cost effective way to bring their products to market. "

Matching Funds

In November 2021, the Borough was selected as a RAISE grant recipient. The Borough was required to contribute ~$5 million in matching funds.

The Borough decided to put down $2.4 million from the Lutak Dock Enterprise Fund and ask for the remaining $3.2 million from the state. In the Borough's grant application request to the state, it mentioned shipping ore for Yukon mines.