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Greater Lafourche Port Commission adopts $116 million 2025 budget, approves beach funding and project change orders

Greater Lafourche Port Commission · December 11, 2024
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Summary

The Greater Lafourche Port Commission approved its consolidated 2025 budget totaling roughly $116.0 million, approved cooperative agreements to fund Fourchon Beach, and cleared several contract change orders and routine payments during its meeting.

The Greater Lafourche Port Commission voted to adopt a consolidated 2025 budget and approved a series of funding and contract actions at its meeting.

Ms. Parker, presenting the consolidated income statement and budget, said anticipated 2025 revenues are "around $32,373,163" with direct costs of roughly $12,100,000, producing a gross profit of about $20,244,845 and an expected net income of $17,759,880. The commission's 2025 consolidated budget total as presented was $116,043,200. Staff described major capital projects in the plan, including a Fourchon Beach Restoration and Breakwaters Project (total project cost about $17,000,000 with an estimated $13,000,000 from third-party agencies and $4,000,000 from the Port Commission).

After the presentation the commission voted by voice to adopt the 2025 budget. Members conducted a set of related routine approvals: vendor payments and invoices totaling approximately $6,994,628.30 were approved, and the commission accepted the November 2024 unaudited financial statements.

The commission also approved multiple cooperative and contract items tied to the Fourchon Beach Project: a Cooperative Endeavor Agreement with Shell Exploration committing $250,000 per year for four years to the beach project, and a Cooperative Endeavor Agreement with Lafourche Parish Government providing $2,000,000 from parish Go Zone funds for the same project. Change orders tied to construction and dredging work were also approved, including a $24,500 increase for Coastal Dredging (Flotation Canal/front commercial marina dredge) and a $9,658 change order for valve work on the fuel system rehabilitation project (the latter included an additional 100 calendar days for lead time on valves). Each motion was moved, seconded and approved by voice vote; specific roll-call tallies were not provided in the record.

The meeting packet noted larger capital items and funding sources for 2025, including port priorities with state and federal shares for slip and bulkhead projects, airport terminal work with FAA and LA DOTD contributions, and FEMA contributions to disaster-related repairs.

The commission also approved routine administrative items including surplus sale bid acceptances and a clear-lien certificate for Grand Isle Shipyard for a completed bucket-dredge contract.

The budget adoption is the commission's principal action of the meeting; staff said it is deliberately conservative and intended to support priorities such as shoreline protection, dredging and airport infrastructure.

Votes at a glance: All listed motions in the meeting minutes were approved by voice vote; individual yea/nay counts were not specified in the transcript record.

What happens next: Staff will move forward with the projects and funding commitments described in the budget and related cooperative agreements, and staff indicated multiple capital projects are contingent on permits and third-party funding.