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.
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.