HomeMy WebLinkAbout04-20-2010 Regular MeetingThe Fairhope Airport Authority met Tuesday, April 20, 2010, at 4:30 PM at the City
Administration Building, 161 N. Section Street.
Present: Chuck Zunk, Members: Dan Stankoski, David Bagwell, Attorney, Rod
Platt, Pam Caudill, Charlie Bassett, Gregg Mims and Howard Hadley, Absent: Joe
McEnerney. Guests: Pandora Heathcoe, City Administrative Assistant took the
minutes.
The minutes of the March 16th meeting were considered and duly approved on
motion by 1 St Rod Platt, 2nd by Charlie Bassett and unanimously carried.
Wetlands Mitigation Bank project — Guest, Christopher Baker spoke of his meeting
with Craig Martin concerning the selling values for the proposed new lots. Mr.
Baker had two separate phases for the sets of lots to be sold. Phase 1 consisting of
nine (9) lots. This phase had fewer infrastructures, an average aggregate of
$913,886 which consists of selling three (3) a year. Phase 2 consisted of fifteen (15)
lots and an aggregate of $1,827,774. The income versus expense and wetland credit
income was also discussed.
East Side Project — Bobby Odom from Volkert stated that the FAA has the DOT
elevation conditional agreement and has also sent a letter giving $158,000 to move
forward. An amendment to the proposal was discussed to move the dirt to the East
side. Jim Foster an engineer has put together a proposal for moving the dirt in three
(3) borings.
Treasurer's Report — The financial statements for March are not complete to date,
therefore there was no Treasurer Report to discuss.
A motion was made for a resolution to appoint the contract to Volkert with further
provisions that the Chairman could make any modifications to the said contract to
meet ALDOT specifications, grant applications, and authorize a change order to
include the property from Aquatera. A motion was made by 1" Charlie Bassett, 2nd
by Howard Hadley and unanimously carried.
The Chairman discussed his meeting with Bob Young of Frazier Lanier and Nancy
Wilson, City Treasurer. In the past bonds were written through Allied Irish Bank
with an Annual Letter of Credit good until 2012. However, this bond currently holds
a floating rate in lieu of a fixed rate. Bob Young suggested the Chairman contact
four (4) local banks to see if they would give a letter of credit to replace that of
Allied Irish Bank. A motion was made by 1 St Howard Hadley, 2nd by Pam Caudill
and unanimously carried.
Rod Platt made a motion resolving that the Authority accept and approve the
Security Plan as presented by the Security sub -committee. Second by Charlie
Bassett. After discussion the motion was approved 6-0.
Charlie Bassett made a motion to authorize the Chairman, Chuck Zunk, to negotiate
with the City regarding settlement of a lawsuit and also regarding title of certain
land parcels within the "Old Airport". Second by Howard Hadley. After discussion
the motion was approved 6-0.
Howard Hadley moved for adjournment, second by Pam Caudill, approved 6-0.
Therefore at 6:05 p.m. the meeting adjourned.
The public session of the Fairhope Airport Authority reconvened at 6:00 p.m. after
the conclusion of the Executive Session.
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