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2012 -- S 2470 | |
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LC01714 | |
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STATE OF RHODE ISLAND | |
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IN GENERAL ASSEMBLY | |
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JANUARY SESSION, A.D. 2012 | |
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S E N A T E R E S O L U T I O N | |
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URGING THE RHODE ISLAND ECONOMIC DEVELOPMENT CORPORATION TO ISSUE | |
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$7.5 MILLION OF REVENUE BONDS REQUESTED BY THE QUONSET/DAVISVILLE | |
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MANAGEMENT CORPORATION | |
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Introduced By: Senators Goodwin, Ruggerio, Sosnowski, Bates, and Walaska | |
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Date Introduced: February 16, 2012 | |
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Referred To: Senate Finance | |
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WHEREAS, The Port of Davisville produces $119 million of total port-related output, |
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while employing 1,105 people who earn $42.6 million in household income and generating $9 |
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million in state and local tax revenues annually; and |
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WHEREAS, The port receives over 125 car ships containing more than 135,000 vehicles |
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per year, making it the fifth largest auto importer in the Unites States; and |
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WHEREAS, The Port of Davisville has the competitive advantage of being the only East |
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Coast port not subject to the federal harbor maintenance tax due to the unique circumstances that |
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led to its original creation in World War II; and |
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WHEREAS, The port requires maintenance dredging to thirty-two feet (32’) for the first |
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time since its inception over 70 years ago due to shoaling around its turning basin, pier area, and |
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access channel; and |
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WHEREAS, The dredging will better accommodate car ships as well as the numerous |
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working vessels that will support the Deepwater Wind Project and other marine commerce; and |
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WHEREAS, The cost of maintenance dredging requires the State of Rhode Island to |
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make a $7.5 million capital investment to protect and enhance this important maritime resource |
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for generations to come; and |
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WHEREAS, This investment bolsters the existing infrastructure over the long-term, thus |
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providing economic benefits while also allowing for the expansion of port-related employment; |
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now, therefore be it |
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RESOLVED, That this Senate of the State of Rhode Island and Providence Plantations |
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urges the Rhode Island Economic Development Corporation to issue $7.5 million of revenue |
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bonds requested by the Quonset/Davisville Management Corporation for maintenance dredging; |
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and be it further |
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RESOLVED, That the Secretary of State be and he is hereby authorized and directed to |
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transmit a duly certified copy of this resolution to the executive director of the Rhode Island |
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Economic Development Corporation. |
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LC01714 | |
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