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Port of Beaumont Board of Commissioners
by Garrett Bryce
Monday, January 25, 2016

The Port of Beaumont Board of Commissioners today voted unanimously to renew the port’s property insurance coverage for 2016.

The policy for the next year was renewed with a 7 percent decrease in premiums for the year, according to Port Director & CEO Chris Fisher. Listen (2:59)

The premium for the year totals $413,275, and provides total coverage of $68 million.

The board voted unanimously to adopt a resolution to assign the Oil Tanking Beaumont Partnership, LP abatement agreement to Enterprise Beaumont Marine West, LP.

Enterprise Beaumont Marine West purchased Oil Tanking Beaumont Partnership, and the abatement was re-assigned with no other changes.

The board received a presentation regarding a proposed $230 million issuance of Dock and Wharf Facility Revenue Bonds for a potential Jefferson Energy Corporation Project.

“We’re working on a potential project with Jefferson Energy Companies for financing another $230 million or so in improvements over at the Orange County Terminal,” Fisher said.

No action was required on the item at this time.

The board adopted a resolution recognizing Director of Corporate Affairs John Roby, who is retiring from the port on February 8. News Release

All action items were approved. All votes were unanimous with all members present. Agenda

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