Regional Port Authority has $1 million in assets

The county commissioners dealt with a light agenda at their regular business meeting on Wednesday.

Regional Port Authority (PA) board member Cynthia Johnson was on hand to give a quick report.

The former commissioner said that currently the PA has 15 active loans out, and all but two are current on their payments. The PA has written them off as uncollectible loans.

Under the advisement of their auditor, the PA and Economic Development Council are working in separating their financial records.

The Neighborhood Stability Program has begun a new project on Maryland St. in Conrad. All of their prior homes have been sold.

“Overall,” Johnson noted, “the PA has over $1 million in assets.”

The commissioners, on a 3-0 vote, passed a resolution, R-34, declaring a 2009 Ford Crown Victoria-V8 with a minimum market value of $4,425 as surplus property.

The county will sell the car at public auction at 10 a.m. on the front steps of the courthouse.

A Minolta copier that has a declared value of $0 was declared surplus property by the commissioners and will be sold by sealed bid on Feb. 26 at 10:15 a.m. in the commissioner’s office at the courthouse, 20 Fourth Ave. SW.

The resolution, R-35, passed on a 3-0 vote.

There was some discussion about the Pondera Medical Center consolidating debts for capital improvements, which currently total about $450,000, in an effort to acquire a lower interest rate.

An INTERCAP loan would save the hospital about $9,000 in interest.

The PMC board has inquired about the county applying for a Montana Board of Investments INTERCAP loan.

No tax payer dollars would be used to repay the loan, the county would simply be a sponsoring agency for the loan.

The county can afford to pick up a payment or two if something goes wrong. “I can see them getting into a bind and not making a payment,” said Sandy Broesder.

With that, Commissioner Broesder moved that in the event it was requested by PMC, the county agrees to apply for an INTERCAP loan(s) for PMC for debt consolidation, pending verification of the loan amount and terms.

Commissioner Janice Hoppes gave the motion a second and it passed on a vote of 3-0.

Commissioner Joe Christiaens noted that Cory Crawford will be replacing Monte Johnson on the Pondera County Canal & Reservoir Company board.

He also reported that the lake is down, but the PCC&RC will get by and lawsuits are on-going.

Broesder reported that the Northern Montana Joint Refuse District will now meet every second Thursday at the landfill.

The commissioners meet every Wednesday in their office to conduct county business.

The public is always welcome and encouraged to attend and get swept up by the buzz of your government at work.