Port of Vancouver USA Board OKs Bond Issuance

Port of Vancouver USA Board OKs Bond Issuance

The Port of Vancouver Board of Commissioners has unanimously agreed to allow the issuance of a $27 million limited tax general obligation bond, with an interest rate not exceeding 5%, the port announced Aug. 23. The port expects the bonds to be issued as early as mid-September and incorporated into the port’s 2023 budget. The money from this bond is expected to pay for public infrastructure projects such as dock and wharf upgrades and work on marine terminal infrastructure and public amenities, according to the port. “One of the primary objectives of the port is to bring investment and jobs…
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Port of Vancouver USA Receives Clean Audit

Port of Vancouver USA Receives Clean Audit

For the 13th straight year, the Port of Vancouver USA garnered a clean audit from the Washington State Auditor’s Office, which annually audits ports across the state. The port received its results of no found deficiencies for the audit spanning calendar year 2021 from the state auditor’s office, which reviewed a number of the port’s programs and processes, including billing for marine terminal revenues; compliance with contract terms and billings for tenant leases, employee reimbursements, procurement purchases and financial compliance on public works projects such as prevailing wages and change orders, the port stated. “A 13th consecutive clean audit highlights…
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