AUGUST 26, 2015

BUDGET/FINANCES 

Port of Port Angeles may refund bonds, save $300,000 in interest

By James Casey, August 26, 2015, Peninsula Daily News

The Port of Port Angeles stands to bank more than $303,000 in interest it needn’t pay on bonds it issued 10 years ago.

What port commissioners probably will do at their Sept. 8 meeting is to exercise their right to “call” the bonds and refund them with a loan from Umpqua Bank.

They introduced the refunding resolution Tuesday and expect to approve it in two weeks.

Read more: http://www.peninsuladailynews.com/article/20150826/NEWS/308269996

 

 

RAIL 

Oil terminal ruling favors Vancouver port

By Eric Florip, August 25, 2015, The Columbian

The Port of Vancouver did not violate state environmental laws when it approved a lease for an oil transfer terminal at the port, a three-judge appeals court panel said in a ruling released Tuesday.

The ruling upholds an earlier decision by a Clark County Superior Court judge. It also hands a victory to the port in the larger battle over what would be the largest oil-by-rail terminal in the United States.

Read more: http://www.columbian.com/news/2015/aug/25/oil-terminal-ruling-favors-port/

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