Try 1 month for 99¢

COOS BAY -- The Oregon International Port of Coos Bay commissioners approved an employment agreement for David Koch, the Port's chief operating officer, to serve as interim CEO after the departure of current CEO Jeffrey Bishop.

The agreement allows Koch to be a candidate for the permanent CEO position while he holds the interim position.

Koch will receive an annual salary of $115,000, a car allowance and other benefits that he already receives as COO.

The agreement will expire in a year, or when a new CEO starts work.

The commissioners also approved a three-month consulting agreement for Bishop, during which time Bishop will receive his former salary of $12,604 per month. If the port needs Bishop's services after that, it will pay him $125 an hour.

The commissioners also made the following decisions:

• Approved a $5,000 reward for information leading to the arrest of whoever vandalized the Coos Bay Rail Line's tracks near Noti. Thieves made off with metal, causing a lumber car to derail and causing $20,000 in damage.

• Approved an agreement with the Oregon Department of Transportation to install automatic lights and gates at the Green Hill Road grade crossing in Eugene. The project will cost $400,000, which is expected to be covered by state and federal funds.

• Commissioned David Evans & Associates to study the engineering and enviromental impacts of several rail traffic scenarios associated with the development of new marine terminals that would handle bulk commodities and intermodal containers. The scenarios would include as many as two unit trains of bulk shipments and six of intermodal containers, in addition to manifest trains accommodating the industries served by the rail line. The study will add $189,131 to the Port's existing $2.2 million contract with Evans for a feasibility study and environmental impact statement for improvements to the channel.

• Ratified a declaration of emergency allowing the Port to accept a bid of $164,437 from Kyle Electric for electrical repairs to the railroad swing bridge in North Bend. The declaration was needed because Kyle's bid, the lowest, was unexpectedly over the limit at which the port can solicit bids via a Request for Qualifications.

• Authorized the CEO to amend its option-to-purchase agreement with Jordan Cove Energy Partners. The amendment lets Jordan Cove acquire a 13.88-acre parcel next to the Henderson Ranch property on the North Spit. To get the property, JCEP would pay the Port $300,000 to relinquish its option to buy the property. The commissioners must ratify the amendment in January.

'This reconciles all outstanding financial issues the Port had with Jordan Cove," Bishop said. 'We're even."

Reporter Gail Elber can be reached at 541-269-1222, ext. 234, or at gelber@theworldlink.com.

Subscribe to Daily Headlines

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.
0
0
0
0
0