Port of Bremerton raises covered moorage rents, late feesApril 9th, 2014 by Tad Sooter
Rents are going up for covered moorage tenants at the Port Orchard Marina.
Port of Bremerton commissioners approved a 5 percent rate hike for covered slips at their Tuesday meeting. Rents for the coveted spaces were below the industry standard, according to port staff.
The adjustment will raise rent on a 36-foot slip from about $306 a month to about $321. Revenue from the 158 covered slips will increase by $12,325 a year. See the PDF below for a full breakdown. The increase takes effect June 1.
Commissioners also approved increases to late fees for tenants across all port facilities. Late payments were a growing nuisance, according to port staff, who are tired of spending time collecting money from the same tardy tenants each month.
Late fees will increase from 1.5 percent with a $20 minimum, to 1.5 percent with a $40 minimum. The increase also takes effect June 1.