COOS BAY — Port officials agreed Thursday to move forward with plans to sell some property on the North Spit. More notable, perhaps, was the property transaction they all but ignored.

The port commissioners agreed in principle to sell 30 acres of wetlands and uplands to Southport Forest Products. The timber company wants to build a log chipping facility south of its existing property on the North Spit, said Deputy Director Mike Gaul.

The port would receive $1.1 million over the course of 20 years with 3 percent interest, he said. The price was established by an appraisal of the property conducted this summer.

The commissioners also had been scheduled to consider a contract extension with the developers of a liquefied natural gas terminal, but the issue wasn’t discussed.

Chairman David Kronsteiner asked for a motion on the matter and everyone remained silent.

“Hearing no motion, it dies for lack of a motion,” he said.

After the meeting, Executive Director Jeff Bishop said the port had received an offer to extend its existing option contract with Jordan Cove Energy Project. He speculated that the commissioners didn’t make a motion because they didn’t like the offer.

Kronsteiner said as much.

“We are still waiting for staff to bring us a legitimate proposal,” he said.

The existing agreement calls for Weyerhaeuser Co. to sell about 1,300 acres to the port, which would turn around and sell about 150 acres to Jordan Cove. The agreement is set to expire Dec. 30, though Jordan Cove must let the port know whether it wants to exercise the contract by Nov. 1, Bishop said.

Bishop would not disclose the terms of the offer, noting that the port is still in negotiations.

Jordan Cove Project Manager Bob Braddock said extending the deal shouldn’t be a problem. The port’s agreement with Jordan Cove is fairly straightforward, though it’s complicated by dealings with Umpqua Bank and the state of Oregon, he said. He wasn’t sure why the port didn’t approve an extension Thursday.

“I don’t know what the issue might be,” he said. “We didn’t get any indications that we have any issues of significance. Financially, there is no gap.”

While remaining mum about Jordan Cove, Kronsteiner said he was happy with the agreement with Southport.

“It gives them an opportunity to add jobs and expand,” he said. “It’s important to help existing businesses succeed.”

Gaul said Southport officials told him they would initially add five jobs with the purchase, and another 12 in the near future.

Jason Smith, Southport’s manager, was out of the office Thursday and could not be reached for comment.