| 
Stock and Bond Portfolio
A majority of the corporation's book assets are invested in marketable
securities that amounted to $9.7 million at December 31, 2005. These
investments are intended to provide long-term security of principal,
appreciation potential, and cash flow for operations. These investment
funds are professionally managed and the performance of the investment
managers is measured and evaluated quarterly. The historical rate of
return for a balanced portfolio of stocks and bonds is around 8%.

Sophie Plaza
Sophie Plaza is a 355 unit complex located on a 28-acre parcel in Fairbanks,
Alaska. There are 259 one-bedroom units and 96 two-bedroom units. In
addition, there are garages, heated storage areas, tennis courts, a
jogging track, and extensive grounds. TKC owns 28.632% of this limited
real estate partnership. This property was acquired in 1991.
Marriott Springhill Suites Hotel
Marriott SpringHill Suites is a Marriott franchised hotel. It is located
in downtown Fairbanks, Alaska. This 140+ guest room hotel was completed
in June 2001. The Kuskokwim Corporation owns 9.48% interest in the hotel.
Willow Woods Apartments
Willow Woods Apartments is a 228 unit apartment complex located on a
9.9 acre parcel bordered by Creamer's Wildlife Refuge in Fairbanks,
Alaska. There are 144 one-bedroom units, 83 two-bedroom units and 1
three-bedroom unit in the complex. The property was built in 1976 and
1977. Willow Woods Apartments, Ltd. purchased it in 1977. TKC owns 23.6%
interest in Willow Woods Apartments, Ltd.
Jillian Square Apartments
Jillian Square Apartments is a 356-unit apartment complex consisting
of five three-story buildings on 18.7 acres in Fairbanks, Alaska. The
complex includes separate enclosed parking and storage areas. The units
average 1,100 square feet each. More than 70% of the units are two bedrooms
or two bedrooms with a den and include such amenities as bay windows,
balconies and large walk in closets. In 1999, TKC purchased 14.2% interest
in this limited real estate partnership.
257 Tower
257 Tower is a 13-story 258,754 square foot office building in downtown Salt Lake City , Utah . The location offers close proximity to all amenities of the downtown Salt Lake City area. The property has 760 on-site parking spaces in an adjacent parking structure. This is the only piece of real estate in TKC's portfolio outside of the state of Alaska . In 2005, TKC purchased 38.6% interest in the 257 Tower.

TKC Development, Inc.
TKC Development, Inc. (TKCD) is a wholly owned subsidiary of TKC. TKCD manages all business development activities such as construction, Federal & State contracting, and 8(a) operations. There are subsidiaries under TKCD, which include: Aniak Properties, Inc. (API), Kuskokwim Timber, Inc. (KTI), Barometer Timber, Inc. (BTI), Suulutaaq, LLC, and Kuskokwim Planning & Management Corporation (KPMC) doing business as TKC Aerospace (TKCA).

Donlin Creek Gold Deposit
The Donlin Creek property is located approximately 15 air miles from the village of Crooked Creek. It is one of the largest undeveloped gold resources in North America . The Kuskokwim Corporation owns the surface rights on the mine site, and Calista Corporation owns the subsurface rights.
Placer Dome , U.S. has entered into a surface use agreement with The Kuskokwim Corporation in 1995 for surface access to exploration and mining.
Placer Dome is in a partnership with NovaGold Resources, Placer Dome owns 30% of the Donlin Creek project, the large undeveloped refractory gold deposit in southwest Alaska . Placer Dome is exercising the option to earn an additional 40% in the project by funding $32 million of exploration and development, completing a feasibility study, and making a decision to build a mine to produce at least 600,000 ounces of gold per year and Placer Dome's 70% share of measured and indicated mineral resources is estimated at 7.8 million ounces of gold.
Baseline environmental studies are being completed and the permitting process will begin this year.
Placer Dome has been bought out by Barrick Gold, one of the largest gold mining companies in the world.
For more information about Donlin Creek see Nova
Gold, Calista
Corporation, or Barrick Gold.
TKC Management Services (TKCMS)
In order to form the subsidiaries that could be 8(a) companies, TKC needed to be a holding company. TKC owned 10% of TKC Communications, but TKC Communication’s needed to become a subsidiary of the holding company – so here is how this was done:
TKC Communications paid a special dividend of $100,000 ($90,000 to NANA and $10,000 to TKC). Both TKC and NANA contributed their dividends to TKC Management Services (the holding company). Both TKC and NANA also contributed their ownership of TKC Communications to TKC Management Services. The result is: TKC now owns 10% of TKC Management Services, NANA owns 90%. TKC Management Services owns 100% of TKC Communications.
Click TKC Management Services to view their website. TKC Management Services has recently changed their name to Qivliq LLC.
Top of Page
|