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Port Hueneme, Port outline history, process and status of Community Benefit Fund projects
Summary
City Manager Vega and Port CEO Kristen Diegus reviewed the 2015 settlement that created the Community Benefit Fund, explained the 180-day project approval cycle and provided status updates on projects including a statue (about $40,000 remaining), scholarships ($6,000 remaining), a completed mural awaiting invoicing, and an annual March 22 run.
At a meeting of the joint Port–City committee, City Manager Vega and Port CEO Kristen Diegus reviewed the origin, rules and current status of the Community Benefit Fund and described which projects remain active or are awaiting invoicing.
The Community Benefit Fund (CBF) was created after a 2015 settlement agreement intended to reconcile long‑running disputes over revenue sharing and to fund joint projects. "We developed the Community Benefit Fund," Port CEO Kristen Diegus said, describing the fund as a way for the two agencies to collaborate on community projects. Under the agreement, if the Port reports more than $13,000,000 in annual revenue, $100,000 (adjusted by CPI) is placed into the fund; staff estimated the 2025 contribution at roughly $140,000 after CPI adjustments.
Why it matters: the CBF channels a predictable, modest revenue stream into local projects the Port and City approve jointly. The agreement names shoreline protection, community development and "opportunistic" projects as eligible categories and sets a timeline to propose, approve and spend funds.
How the process works: the…
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