Harbor-Works Gets The Money
The Port of Port Angeles has approved a $500,000 loan to Harbor-Works Development Authority.
Interim Port Executive Director Bill James will have the discretion to decide how to pay for $160,000 of the loan. The Port's 2009 budget already has $200,000 committed to the Public Development Authority. It also has $140,000 remaining from $200,000 that was allocated in 2009 to "flexible projects."
How to cover the remaining $160,000? Either by taking out an advance on the Port's 2010 budget, or by taking money from 2009 projects that probably won't be completely spent.
James said: "I can't tell you exactly which ones they are, and exactly what categories they're going to come out of. The $160,000 could come from either one of those sources."
Interim Port Executive Director Bill James will have the discretion to decide how to pay for $160,000 of the loan. The Port's 2009 budget already has $200,000 committed to the Public Development Authority. It also has $140,000 remaining from $200,000 that was allocated in 2009 to "flexible projects."
How to cover the remaining $160,000? Either by taking out an advance on the Port's 2010 budget, or by taking money from 2009 projects that probably won't be completely spent.
James said: "I can't tell you exactly which ones they are, and exactly what categories they're going to come out of. The $160,000 could come from either one of those sources."
Labels: Bill James, Harbor-Works loan, Port of Port Angeles
posted by Tom Harper at 11:13 PM
18 comments
