County resolution supports port efforts on dredging

Published: Thursday, July 11, 2013 at 10:10 AM.

“I intend to take this to other counties in the region who also believe that the port is important for economic development,” Yeager said. “This is a regional project.”

The resolution passed unanimously.

The BOCC also accepted a letter from Port Authority attorney Tom Gibson regarding a $199,000 loan from the county to the Port Authority.

The BOCC has been exploring ways to further collateralize that loan in the past two months.

Gibson’s letter lays out the Port Authority’s position that it wants to pay the money back in full but revenue is lacking at present.

In addition, a Circuit Court hearing next week will go a long way toward determining whether the Port Authority has the ability to mortgage public lands, which in effect the county is requesting.

Any further discussion on the county’s position will come after that court hearing.

1 2 3 4 5 6

Reader comments posted to this article may be published in our print edition. All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.

▲ Return to Top