Decision 39410
Served (printed as 10/31/2008) · Decision · Entire Board
DECISION GRANTED OREGON INTERNATIONAL PORT OF COOS BAY'S (THE PORT) FEEDER LINE APPLICATION TO PURCHASE A 111-MILE RAIL LINE FROM DANEBO, OR, TO CORDES, OR, FROM THE CENTRAL OREGON & PACIFIC RAILROAD, INC. IN ADDITION, THIS DECISION DIRECTED THE PORT TO SUBMIT BY NOVEMBER 5, 2008, AN UPDATED NET SALVAGE VALUE ESTIMATE OF THE LINE USING THE QUANTITIES USED TO CALCULATE ITS ESTIMATE SUBMITTED SEPTEMBER 12, 2008, AND THE AMERICAN METALS MARKET STEEL PRICES OF TODAY. ALSO, THIS DECISION DENIED THE PORT'S REQUEST FOR AN ESCROW ACCOUNT.
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