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CPA and local resident press commissioners on Port Authority loan terms and meeting conduct
Summary
Two public commenters at the Jan. 30 Lorain County commissioners meeting questioned county oversight and meeting procedure. Gerald Phillips, a CPA, asked whether a roughly $13.9 million Port Authority loan was interest-free; county staff said the Port Authority is paying 3.8% interest and will pay at closing. William Zimmerman criticized the board’s adherence to Robert’s Rules and responsiveness to public records requests.
At the Lorain County Board of Commissioners meeting on Jan. 30, two members of the public used the comment period to press the board on financial oversight and meeting procedure.
Gerald Phillips, who identified himself as a CPA, said a recent news article reported a Port Authority loss and asked whether the county was effectively providing an interest‑free loan for about $13,900,000. "Are we giving the Port Authority an interest free loan now 13,900,000?" Phillips asked, and he estimated…
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