January 13, 2025 — Members of the Cordova City Council have voted to invest $772,628 in federal fisheries disaster funds into the municipality’s permanent fund – something the body says will get the best use on the money.
The decision, which followed a lengthy discussion during the council’s Dec. 18 meeting, was unanimous.
City Manager Samatha Greenwood noted in a memo to the council on Dec. 5 that the city received $772,628 for the 2018 and 2020 Copper River and Prince William Sound salmon fisheries disasters. The council did consider a proposal to use a portion of that money for harbor expenses, but ultimately voted unanimously to place the entire amount in Cordova’s permanent fund.