BOCC, Port Authority agree on additional loan

Published: Thursday, July 31, 2014 at 09:53 AM.

The closer to the finish line the more dire financial circumstances have become for the Port St. Joe Port Authority.

And whether a $60,000 a year commitment over two years, at interest, from the Board of County Commissioners will relieve that situation remained unclear last week after special meetings by both boards.

In fact, the final motions passed by the Port Authority last Wednesday, to accept the BOCC offer and ask for an additional $80,000 were never discussed by the BOCC the following day.

In reaffirming the $60,000 commitment the BOCC released the money immediately to a Port Authority that is at least $80,000 in arrears on debt now.

The money is coming from a fund established for the county Industrial Park and which can only be used for economic development.

Commissioner Warren Yeager told his fellow commissioners, without providing a reason, that he would “see if I can find” some additional funds to make available over the “next couple of years.”

Yeager, Commissioner Joanna Bryan and county attorney Jeremy Novak attended the Port Authority meeting the previous day.

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