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“Port to continue funding communities” – Yelm

“A division of the Port of Olympia known as the Economic Development Corporation reversed course on Monday [Apr. 14] and voted to rescind an earlier decision that ended a program providing economic assistance to area communities.”

In March, the board voted to end a program in existence since 2011 that provides $40,000 a year to four small communities for economic development purposes.

But Heather Burgess, a member of the ports legal counsel, said the March vote was not in line with the interlocal agreement between the EDC and the four communities that receive the funding: Bucoda, Tenino, Rainier and Yelm.

In short, the board cant end the program without funding the program this year, so the EDC board rescinded the prior vote, leaving the program in place through the end of the year.

Rescinding gives the port until the end of the year to further assess the small-city funding program, and whether it should remain under the auspices of the EDC,” quoting Rolf Boone in The Olympian.
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Read more from the AP.

Posted by Steve on April 15, 2014 at 7:16 am | Permalink

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