BDA Executive Director Joe B. Montez told board members that the authority’s attorney, Tom Beasley, wanted to include language concerning an extension of the original lease agreement with Kay and Associates.
Kay leases the space now occupied by its operation and the Sikorsky Aerospace Maintenance helicopter repair and refurbishing center at the former naval air station.
The company now leases two large airplane hangars, a paint booth, a warehouse and shop building between the hangars and some runway space at Chase.
The monthly user fee for the warehouse, once it is built, will be $5,000.
The two companies have said they can provide 100 new jobs at the facility within five years.
The Beeville Economic Improvement Corporation has agreed to provide almost $1.2 million for the construction of the warehouse. Another $600,000 will be provided by the Texas Governor’s Office on Military Preparedness.
Montez said the current lease agreement between the authority and Kay is scheduled to expire one year from this month, and Beasley wanted to include an option for Kay to extend that agreement.
In other business, the BDA board voted to hire the accounting firm of Lovvorn and Keischnick to conduct the financial audit for the fiscal year ending on Dec. 31, 2010.
The firm has conducted the audit of the BDA’s books for the last two years.
Before adjourning, the board reviewed Montez’s performance and gave him an A-plus rating for the job he has done.
Gary Kent is a reporter at the Bee-Picayune and can be reached at 358-2550, ext. 120, or at reporter@mySouTex.com.