Fischer has held the position for several years and helped guide the board in its decisions to spend the money to accommodate the former naval air station’s largest-ever employers.
Sikorsky Aerospace Maintenance and Kay and Associates employ 205 people at Hangars 24 and 25 at Chase Field. The companies provide overhaul and repair services for military and foreign government programs in the hangars that once housed maintenance facilities for the U.S. Navy’s Training Air Wing III.
The board also re-elected Vice President Duwayne Dumas, Treasurer Luis Alaniz and Secretary John Brockman to the offices they have held for the past year.
In other business, board members voted to authorize BDA Executive Director Joe B. Montez to enter a contract with Sechrist-Hall for the re-roofing of the fire department building at Chase Field and to exercise alternative proposal A1 in the amount of $1,795.
The board also accepted an audit report from Frank Lovvorn after a study of the authority’s spending during the fiscal year ending on Dec. 31, 2008.
Lovvorn said the authority had net assets at that time of $7,279.337.
Jim Eller, senior vice president and investment officer for Wells Fargo Advisors, reported that the BDA has a positive return of 7.05 percent on its investments for the third quarter of this year.
In other business, the board voted to table action on accepting proposals for the construction of a paint booth at Chase Field and for expanding the warehouse facility between hangars 24 and 25.
The board asked its engineer for the project, Larry Patterson, to study the proposals more closely and report on his findings at their next meeting.
Before adjourning, the board reviewed budgets proposed for the 2010 fiscal year. Montez announced plans for a $201,841 operating budget and a $284,366 Chase Field Industrial and Airport Complex budget.