Donald Molitor News

Rodney Ketcham, the owner of a Cocoa Beach commercial real estate firm, was elected chairman of the Canaveral Port Authority during the board's first meeting of 2002. Other officers elected were: Raymond Sharkey as vice chairman, a retired aerospace manager serving his second term representing District 1; Donald Molitor as secretary/treasurer, the retired telecommunications business owner represents District 3 and also is serving his second term. Other board members are: Titusville attorney Joe Matheny, a second-term representative of District 2, and Ralph Kennedy, a construction business owner and Port Commissioner since 1990. He represents District 4.

Fitch Ratings, an international credit rating firm, recently announced it has upgraded the Canaveral Port Authority $61 million of outstanding debt from “A-“ to “A” and assigned the “A” rating to the Authority’s proposed refunding issue. The agency cited the Port’s strong financial operations from increased cruise activity as well as the Port’s modest capital program and strong management team as part of the basis for the upgrade.“We are pleased that Fitch Ratings recognizes our sound business practices and planning,” says Donald Molitor, Secretary/Treasurer of the Canaveral Port Authority Board of Commissioners. The ratings upgrade will help lower the interest rates on the current refinancing.

Fitch Ratings, an international credit rating firm, recently announced it has upgraded the Canaveral Port Authority $61 million of outstanding debt from “A-“ to “A” and assigned the “A” rating to the Authority’s proposed refunding issue. The agency cited the Port’s strong financial operations from increased cruise activity as well as the Port’s modest capital program and strong management team as part of the basis for the upgrade. “We are pleased that Fitch Ratings recognizes our sound business practices and planning,” says Donald Molitor, Secretary/Treasurer of the Canaveral Port Authority Board of Commissioners. The ratings upgrade will help lower the interest rates on the current refinancing.

Rockledge businessman Tom Goodson formally has been installed on the board of the Canaveral Port Authority, replacing Donald Molitor, who served eight years on the commission. had when I was a child," says Goodson, owner of Goodson Paving and Seminole Curbs. Commission. In an unanimous vote, Rodney Ketcham, the owner of Rodney Ketcham Realty, will serve as chairman for a second consecutive year. "Thank you for your confidence and support. It's an honor to serve with you," Ketcham said. anniversary and it looks like a good, fun year ahead." Ketcham represents District 5. Retired aerospace manager Raymond Sharkey also will serve a second consecutive term as vice chairman of the board. District 1. represents District 4.