The agreement changes the dates for the beginning and ending of a project to build a 38,000-square-foot warehouse at the Chase Field Industrial Park and Airport Complex.
The $1.8 million warehouse is being built for Kay and Associates and Sikorsky Aerospace Maintenance. Currently, the companies lease two hangars and a warehouse and maintenance building at the former naval air station.
The construction of the new warehouse was to have begun earlier, but the two companies delayed the request because of concerns over federal budget problems.
The BEIC has agreed to provide an initial grant of $800,000 in 4B sales tax funds and then provide equal payments for the next five years.
The total amount in grant funds will be slightly less than $1.2 million.
The balance of the money will come from a grant from the Gov. Rick Perry’s funds for military preparedness.
BDA board members also accepted the resignation from the board of Luis Alaniz.
BDA Executive Director Joe B. Montez said the board accepted the resignation “with regret.”
Alaniz has served as the board’s treasurer for some time.
Alaniz had to resign from the board because his son-in-law, George P. “Trace” Morrill, was appointed as the BDA’s new legal counsel, replacing Tom Beasley.
Beasley had provided legal services for the BDA for years, pro bono. But Beasley needed to step down from the position.
Board members also took no action on awarding a contract for renovations of office and shop space in Hangars 24 and 25.
The project is expected to cost the BDA several hundred thousand dollars. Montez said the BDA and the contractor are still working on the costs.