Port Authority considers RESTORE projects

Published: Thursday, December 20, 2012 at 11:47 AM.

Board member Eugene Raffield also emphasized that in thinking about projects to be funded under RESTORE, there was a need for a long-term view.

“Buying land is not the issue, it is where the land is,” Raffield said. “A port needs to be where the water and deepwater access is. This is not about today, it is about tomorrow. A port is a global thing.”

Pitts said he was submitting a pre-proposal to the county RESTORE Act committee seeking $5 million and working toward turning unencumbered the barge terminal land with a promise to the county to return the money.

Capital City loan

Capital City Bank has filed a request for summary judgment in a foreclosure case against the Port of Port St. Joe.

Port attorney Tom Gibson, who is not directly handling the litigation, said Capital City had filed a denial of claims by the Port and request a judge issue a summary judgment under which a $4-plus million mortgage on port property along the Intracoastal Canal should be foreclosed upon and a sale date for the property set.

Gibson said the bank was arguing there were no issues of fact for a judge to decide and therefore the foreclosure should proceed.

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