HomeMy WebLinkAbout04-27-2001 Regular MeetingThe Airport Board of the City of Fairhope met Monday, April 27, 2001 at 8:OOAM at the
City Administration Building, 161 N. Section Street
Present: Sue Mason, Chairman; members Mike Baugh, Khim Vira, Mike Ford, Betty
Rivenbark, Secretary. Bing Miller, FBO at airport representing Teledyne Continental
The minutes of March 12, 2001 meeting were duly considered and approved as written.
The purpose of the meeting today was to consider a letter of request from Teledyne
Continental requesting a reduction from their monthly rent of $7,000 to $3, 500 for the
rest of the year. This request came to the mayor and went to the city council the
council at their meeting recommended it come back to the airport board for their
consideration. Mr. Miller went over the changes Teledyne had over the past several
years, their mergers and now they are in their second year from a spin off as Teledyne
Electronics. He said that in Mobile they had laid off 25% of their workers and that
Teledyne in Mobile subsidized him. He said he did not want to downsize, therefore the
request of reduction in rent. Mr. Miller was thanked for coming and was told he would
be advised of decision.
After he left and in discussion it was determined that the City's debt service is $3,500 a
month and we would have to meet that. Teledyne has been a good tenant and we
would not want them to have to close. Sue asked Mike what he knew of the situation
and he said Teledyne had been bought and sold many times, he has done business
with them for many years. Further discussion led to all agreeing to reduction to $4,000
a month until the end of the calendar year. At that time it will be reviewed and if a
further request is made justification will have to be provided. A motion was made by
Mike Ford, 2"d by Khim Vira to approve this request as a one time only to lost only until
the end of the calendar year. Motion carried unanimously. Mike Ford said that this
would be taken to the Council at the May 14 2001 meeting.
Sue gave an update on current application for new airport runway. She said we have
had all necessary reviews and will be holding a public hearing on the environmental
assessment in June.
There being no further business, meeting was duly adjourned.