2012 -- H 7728

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LC01713

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2012

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H O U S E R E S O L U T I O N

URGING THE RHODE ISLAND ECONOMIC DEVELOPMENT CORPORATION TO ISSUE

$7.5 MILLION OF REVENUE BONDS REQUESTED BY THE QUONSET/DAVISVILLE

MANAGEMENT CORPORATION

     

     

     Introduced By: Representatives DaSilva, Ruggiero, Medina, Tanzi, and Azzinaro

     Date Introduced: February 16, 2012

     Referred To: House 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 House of Representatives of the State of Rhode Island and

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Providence Plantations urges the Rhode Island Economic Development Corporation to issue $7.5

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million of revenue bonds requested by the Quonset/Davisville Management Corporation for

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maintenance dredging; 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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LC01713

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H7728