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Budget committee forwards $17 million state loan appropriation to renovate Marina Yacht Harbor
Summary
The Budget & Finance Committee voted to forward a Recreation & Park Department request to the full Board seeking a $17 million state loan to renovate the West Harbor of the Marina Yacht Harbor. Budget analysts urged conditions on release of $15.5 million to protect the city if remaining earlier loan funds are not delivered.
The Budget and Finance Committee voted March 4 to forward to the full Board a Recreation and Park Department proposal to accept a $17,000,000 loan from the California Department of Boating and Waterways for renovations to the West Harbor at Marina Yacht Harbor.
Katie Petruccione of the Recreation and Park Department said the loan will be repaid from berth and mooring fees and carries no general‑fund impact. "The loan is to be repaid out of berth and mooring fees in the harbor, and there is no general…
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