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Harbor Commission reports near‑$1 million in revenue, proposes capital‑recovery fee for future dredging and dock work
Summary
Roy Childers, chairman of BelmarHarbor Commission, told council the marina brought in roughly $976,000 last year (fuel and slip revenues) and the commission has added a capital‑recovery fee on fuel sales to build a sinking fund for dredging, docks and other infrastructure.
Roy Childers, chairman of the Belmar Harbor Commission, told the Borough Council the marina generated nearly $1 million in revenue last year and is at almost full occupancy.
Childers said fuel sales totaled about $320,000 and net slip revenue was roughly $656,000, for a combined harbor revenue figure he described as $976,000. He said the commission has started a capital‑recovery fee added to fuel sales to build a…
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