There is established the Interior Alaska Natural Gas Utility¹, the purpose of which is to facilitate, if possible, or provide, if necessary, affordable natural and/or manufactured gas to the largest number of people in the Fairbanks North Star Borough in the shortest amount of time except that direct competition in an area covered by a certificate of public convenience and necessity by the Regulatory Commission of Alaska will not be initiated without approval of the City of Fairbanks by resolution. The Interior Alaska Natural Gas Utility shall be a public corporation and an instrumentality of the Fairbanks North Star Borough. It shall be wholly owned by the Fairbanks North Star Borough but shall have a legal existence independent of and separate from the Borough. Interior Alaska Natural Gas Utility (IANGU) will function first as a facilitator, second as an implementing corporation that contracts, partners or joint ventures with private companies, and third as a provider/competitor if services are not currently being provided or if the private entity is unwilling to provide them or will not do so in a timely manner. (Amended during 2016 republication; Ord. 2012-52 § 5, 2012. 2004 Code § 11.01.010.)