COOS BAY The South Coast Community Foundation made its first major decision though somewhat hesitantly by creating a distribution plan.

The SCCF board voted 6-1 Wednesday on a distribution and endowment strategy for the community service fees it’s proposed to receive from the Jordan Cove Energy Project. Every year thereafter until year 10, the distribution would increase by $100,000.

At that point, the board would take another look at its funding strategy and make adjustments.

Sweet was concerned that in the long run, bumping up the distributions by only $100,000 a year would not reach the ultimate goal of a near 50-50 split between distribution and investment by the 19th year of the plan.

Pettit said it was “economic insanity” to count on this money until:

Jordan Cove is approved;Jordan Cove agrees to the terms laid out in the overarching Community Enhancement Plan; andA funding formula is set in stone.

“There’s too many ways this thing can go sideways,” he said.