Loosening the old school ties

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Drake weighs anchor

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Port of Olympia Commissioners Temporarily Modify Real Estate Leases and Liveaboard…

first_imgFacebook8Tweet0Pin0Submitted by Port of OlympiaCorrection: It was originally reported that Resolution 2020-04 was in effect for 60 days for real estate Leases and 90 days for liveaboard moorage. However, Resolution 2020-04 takes effect immediately and will be in full force and effect for 90 days for both real estate leases and liveaboard moorage, unless otherwise terminated or extended by the Port Commission.On March 31, the Port of Olympia Commissioners passed a resolution authorizing temporary modification to real estate leases and liveaboard moorage in response to the novel coronavirus (COVID-19) outbreak.Port Commission resolution 2020-04 authorizes the Executive Director to suspend the issuance of notices of default, late fees, and penalties for nonpayment of rents for those Port tenants which are adversely impacted by the COVID-19 crisis.For Swantown Marina vessel owners whose vessel is their primary residence, and previously approved with liveaboard status, Resolution 2020-04 authorizes the Executive Director to suspend the impoundment and sale of the vessel if the owner has been adversely impacted by the COVID-19 crisis.Any Port tenant or liveaboard seeking these suspensions or deferrals will need to provide self-certification of the adverse impact of the COVID-19 crisis on their inability to pay rent or moorage. Port tenants and liveaboards who qualify for this suspension will not be charged interest and/or lease reinstatement fees.The authority provided in resolution 2020-04 only applies to late fees, penalties and reinstatement fees for both real estate leases and liveaboards. It does not grant any authorities to forgive lease or moorage payments.Resolution 2020-04 takes effect immediately and will be in full force and effect for 60 days for real estate leases and 90 days for liveaboard moorage, unless otherwise terminated or extended by the Port Commission.last_img read more