October 5, 2025

2 thoughts on “Town to fund Harbor Improvements

  1. I read two articles in the 12/29/19 Cape Charles Mirror concerning harbor improvements and management. I have the following suggestions:

    1) This year, only repair or replace the boardwalk, or deteriorated sections, as the budget allows. The articles say nothing about what the proposed transfer of $100,000 from the library to the harbor means for library services. If that $100,000 dollars is coming from maintenance or operations, I suggest replacing only deteriorated boardwalk decking this year. If the money transfer from the library is from development plans then it may well make sense to transfer some or all of the planned amount.

    2) Do not continue discussion on leasing the harbor. Two reasons: a) one bidder is insufficient, 2) I suspect you have only the slimiest idea of harbor finances and potential. That gets us to my third and most important suggestion.

    3) Establish a proper stand-alone chart of accounts for the harbor and run it in a wholly owned enterprise like manner. Until there is a proper balance sheet and income statement, you are in a terrible negotiation position and likely to take a bath hidden in unrecognized capital depreciation charges and mis-allocated expenses. From a budget and accounting perspective employees would continue to be city employees on city payroll and benefit plans; the harbor would simply make appropriate payments to the city to cover employee costs.

    1. Opps – I proof read carelessly; in the paragraph beginning “2)”, the second time that expression occurs, the expression should be changed to “b)”.

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