By Mike Lednovich
The Marina Advisory Board will discuss rates at its May 22 meeting. Meanwhile, the board asked Oasis Marina what rate schedule would make the operation self-supporting.
To accomplish that, Oasis responded, the rate for annual slip holders would have to be $39 per foot, not the current $25 per foot. And weekly slip rates would have to be $21 per foot, not the current $15. That would let the marina break even, according to the marina management company. Currently, the marina requires support from the city’s operating fund.
The forecast rates would pay for all marina expenses, including insurance, debt service payment, and bi-annual dredging.
The accomanying table assumes revenue derived from 71% transient boaters and 29% annual slip holders. All rates are per foot.
The calculations, provided by Oasis General Manager Cathy Chapman, are based on marina debt and expenses and do not necessarily reflect what the market will bear.
There are no current plans to raise the rates.