The Port of Beaumont Board of Commissioners on Monday voted unanimously to propose a property tax rate of $0.114674 per $100 valuation for the 2018 Tax Year.

The port will hold public hearings on September 10 and September 17 to gather public input prior to adoption of the tax rate.

The board voted to adopt the port's FY2019 Budget. The budget includes total projected operating revenues of $11,392,000 and expenses of $9,141,463 resulting in net revenues of $2,250,537.

The board voted to approve an engagement letter with Funchess, Mills, White and Associates for the services of Terry Whiddon for performing the FY2018 audit.

The board voted to approve the amended FY2019 Capital Improvements Program. The overall capital improvements program includes three sections, the port capital improvements, projects related to partnerships and FEMA projects. Port facility projects total $126 million for nine projects. Public/private partnership totals approximately $560 million for four projects, and five FEMA projects related to Hurricane Harvey damage total $9.663 million. Projects continue over multiple years.

The board voted to authorize seeking a request for qualifications for construction manager agent services for the development and improvement of the Allegiant Industrial Island Park Terminal.

All action items were approved. All votes were unanimous with Commissioner Georgine Guillory absent. Agenda