Create special fund for port revenues to secure port debt payments
Resolution Ordinance No. 27-08 N.S.
In Plain English
The city currently pools all port revenues with general city funds. The new ordinance creates a separate account specifically for port income. If approved, the city can pledge future port revenues directly to bondholders as collateral for port-related loans.
Auto-generated summary. Source: official agenda documents.
Votes
Motion · Official minutes
Approve consent calendar
9 aye · 0 nay
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