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Community board defers Port of Mattawa loan payment as port details audit, $17.2M tort claim and cash shortfall
Summary
The Community Economic Revitalization Board approved a one-year deferral of the Port of Mattawa’s loan payment, conditioned on regular reporting to staff, after port officials disclosed a state audit, a tort claim tied to wastewater operations and a precarious cash position.
The Community Economic Revitalization Board voted to defer a Port of Mattawa loan payment due in January 2026 until January 31, 2027, adding a condition the port provide updates to department staff every other meeting.
The board’s action followed an extended presentation from Gil Alvarado, the port’s executive director, who described a troubled financial picture that includes a state auditor’s investigation into alleged misappropriation by a former executive director and a pending tort claim that could exceed the port’s insurance limits. “As of January 1, I can tell you that our cash position is negative $27,000,” Alvarado said, describing…
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