HomeMy WebLinkAbout5.774 Correspondence (2) 2015
CITY OF PORT ANGELES
CITE'CLERK
823 Commerce Loop
Port Townsend, WA 98368
360-385-2571
March 2, 2015
Dan K. McKeen, City Manager
321 E Fifth St
PO Box 1150
Port Angeles, WA 98362
Re: Deferred loan for dental clinic
Dear Dan:
The City of Port Angeles graciously partnered with OlyCAP in 2005/2006 to create a dental clinic for
low-income and un-insured individuals and families. As part of the partnership the City of Port Angeles
provided a $30,000 loan. The terms of this loan have been deferred until March 27, 2015.
As a result of this loan the dental facility is providing dental services to those who are most in need, on a
daily basis. Both SeaMar and VIMO have been using the clinic, but the daily operations of the clinic falls
under SeaMar, who is seeing patient's every day. In addition to seeing patients in the clinic, SeaMar has
also made children's dental health a priority and has been visiting all of the local schools, giving free
exams to all children needing one. A wonderful investment.
While this project was started well before my time with OlyCAP as Executive Director, I am pleased to
see a functioning clinic providing much needed service on the Peninsula.
We greatly appreciate the previous deferral of this obligation and are now prepared to start repaying this
debt. We are proposing new terms as follows:
• $7,200 of accrued interest due and payable by March 27, 2015
• Principal and Interest payments payable annually through April 1, 2025
$ 3,516.92 annually (3% interest)
"Helping people to help themselves..."
823 Commerce Loop
Port Townsend, WA 98368
360-385-2571
We appreciate your consideration of these proposed new terms. I can be reached by email at
gcrump @olycap.Org or by telephone at 360-385-2571 if you would like to further discuss our proposal.
Sincerely,
Geoff C. Cru p
"Helvinq people to help themselves..."