Borough Mayor Peter Micciche delivered an update to the joint Kenai and Soldotna Chambers of Commerce on Wednesday.
The resolution was postponed until the next meeting amid questions from assembly members about how the cap might work.
The Soldotna project has been reduced from its original scope.
The group calls importation of natural gas a necessity in the short-term.
The final presentations will take place on April 17 in Kenai.
The move was made as the school district faces a $17 million budget deficit.
The security upgrades are among several key KPBSD maintenance projects included in a bond approved by borough voters in October 2022.
The assembly had previously postponed the legislation amid outcry from the Kenai River Keys Property Owners Association.
A large baler that was used for recycling was recently left inoperable by a catastrophic failure in its main ram.
A vacancy on the assembly was created when Rep. Bill Elam resigned after winning election to the Alaska Legislature in November.
The Kenai Peninsula Borough Assembly will hear from the candidates and select an appointee on Tuesday.
Thirty-three rural fire departments within the state were awarded funds in a total amount of $306,292.
A public hearing on Ordinance 2024-19-24 will be held at the Feb. 4 assembly meeting.
The ordinance appropriates $81,706 for the work.
The borough needs to measure whether its actions are really reducing the impact of solid waste on the planet, mayor says.
The funding stems from fishery disasters that were first recognized and allocated in 2022.
The presentation period was created during the assembly’s June 4 meeting.