PORT ANGELES — The Port of Port Angeles approved a $500,000 loan to the Harbor-Works Development Authority on Monday.
Figuring out how to pay for a $160,000 chunk of the loan will be left to the discretion of interim port Executive Director Bill James, according language of a motion that commissioners passed 3-0.
The Port had committed $200,000 to the public development authority in its 2009 budget. It also has $140,000 remaining from its $200,000 allocation of 2009 “flexible projects.”
To cover the remaining $160,000 for the Harbor-Works loan, the Port could either take out an advance on its 2010 budget or draw dollars from 2009 projects that won’t likely get fully spent.
“I can’t tell you exactly which ones they are, and exactly what categories they’re going to come out of,” James said.
“The $160,000 could come from either one of those sources.”
This year, the Harbor-Works budget is divided into four major categories: administration, legal, reserves and projects.
The total budget is estimated at $736,200 and includes $277,200 for administration, $174,000 for legal, $100,000 for reserves and $185,000 for projects.
Harbor-Works has also asked the city of Port Angeles for a $500,000 loan.
Each entity gave a $150,000 loan to Harbor-Works last year to help with startup costs.
“We’ve had this under consideration for several weeks,” Calhoun said.
“I, for one, have been satisfied that Harbor-Works is on the right track with the detailed milestones and budget outline that they’ve provided us and the public.”
Harbor-Works was formed to lead the cleanup and redevelopment of the site of the former Rayonier pulp mill on Port Angeles Harbor at the foot of Ennis Street.
The site has been a state Department of Ecology cleanup site since 2000.
