AUGUST 26, 2015


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.

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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.

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