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HomeMy WebLinkAbout08-31-2021 Special Called MeetingCommittee: Date & Time: Place: Subject: Pub lic Meeting Notice SPECIAL CALLED MEETING Fairhope Airport Authority Tuesday, August 31, 2 021 at 4:30 p.m. Council Chambers 161 North Section Street 1. Airport Authority Budget 2. Two Lease Agreements 3. Executive Session Notice must be stamped, dated and initialed before poste d on bulletin board. Minutes of Fairhope Airport Authority Special Meeting August 31, 2021 The Airport Authority met August 31, 2021, at 4:30PM in the City Council Chambers at 161 N Section Street Present: Don Lagarde, Chairman, Pel Henry, Will Bruce, Chip Groner, Vince Boothe and Amy Pearson. Jack Burrell was absent. Josh Myrick, Attorney, was also absent. Cynthia A Boothe took the minutes. Discussion on budget: Amy Pearson gave Authority members a copy of the draft budget for 2021-2022 and went over the details and answered questions from Authority members. She will have the final budget proposal ready for the September meeting. Discussion on line of credit: Don Lagarde stated that he was looking into getting a line of credit for short term needs the Authority may have. He introduced Lee Webb of Trustmark Bank who went over how the line of credit would be structured if needed. This was followed by a short question and answer period. Discussion /vote on proposed lease from Bruce Wagner: Don Lagarde stated that Bruce Wagner who does a lot of work with FEMA wants to build two hangars of 130x130 feet and has made two deposits of $10,000.00 each. ,He also wants a fuel farm option. After a group discussion, a motion was made to accept Bruce Wagner's proposal to build two hangars subject to Authority approval of the lease with revisions to be made by Josh Myrick. A second was made by Chip Groner and unanimously passed. Other Business: Don Lagarde stated that Jergen Hellmich has expressed interest in building hangars on the southwest side of the Airport close to where the Hansen Group built theirs. Don Lagarde stated that Zach McNeil! and Nick Van Houten are both trying to put together investment teams to build 20 T-hangars where the Authority was wanting to build T-hangars . But he stated that there is plenty of room to build hangars. Comments from the public-limited to 3 minutes: No Report. Move to executive session: Amy made a motion to move to executive session to discuss Continental Aerospace's lease under section 36-25A-7(3), Ala. Code 1975. A second was made by Pel Henry and unanimously passed . The Authority moved to executive session at 5:26PM. Return from executive session: The Authority returned and reconvened the meeting at 6:13PM. Vince Boothe stated that last month a letter was sent to Continental about deficiencies on their lease and Continental has responded and he feels that it should be turned over to our attorney and that the Authority should accept the offer made in the last paragraph. Vince then made a motion to accept Continental's offer, second by Chip Groner and unanimously passed. A motion was made by Chip Groner to adjourn, second by Will Bruce and unanimously passed. There being no further business, the meeting was adjourned at 6:14PM.