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Subcommittee advances ordinance to appropriate state loan funds for Marina Yacht Harbor renovation
Summary
The subcommittee forwarded an ordinance to appropriate state loan proceeds for the West Basin renovation at the Marina Yacht Harbor, advancing funding to replace docks and make utility upgrades; the packet lists $6,995,000 but the presenter referred to $6,900,000 as the final installment of a $23.5 million loan.
The Budget & Finance Subcommittee advanced an ordinance recommending Board approval of state loan funds to renovate the West Basin of the Marina Yacht Harbor.
Katie Petruccioni of the Recreation and Park Department asked the committee to approve a supplemental appropriation she described as "$6,900,000 which is the final installment of a 23 and a half million dollar loan that the city is receiving from the California Department of Boating and…
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