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HomeMy WebLinkAbout06-15-2010 Regular MeetingPublic Meeting Notice Committee: Fairhope Airport Authority Date & Time: Tuesday, June 15, 2010 at 4:30 p.m. Place: Conference Room 161 North Section Street Subject: See Posted Agenda Notice must be stamped, dated and initialed before posted on bulletin board. POSTED ti -ca ~1a DATE f!Jl!A@« UJ1-ltrlaJJ44z SIGNATURE Fairhope Airport Authority Agenda -June 15, 2010 4:30 p.m. in the Mayor's Conference Room City Hall-161 N. Section St., Fairhope, AL • Approval of Minutes for May 18, 2010 meeting • West side projects -next steps • East side project -status update • Treasurer's report • Executive Session • Resolution to proceed with airport debt refinancing subject to mutual approval by City Council • New business Schedule Of Future Meetings (Note: Regular meetings are on the 3 rd Tuesday of each month at 4:30 p.m. in the Mayor's Conference Room at City Hall, 161 N. Section St., Fairhope, AL.) • Next regular meeting: Tuesday, July 20 , 2010 The Fairhope Airport Authority met Tuesday, June 15, 2010 , at 4:30 PM at the City Administration Building, 161 N. Section Street. Present: Chuck Zunk, Chairman. Members: Rod Platt, Pam Caudill , Charlie Bassett, and Joe McEnemey. Absent: Howard Hadley, and Dan Stankoski. Attorney: David Bagwell. Guests: John Ward. Pandora Heathcoe, City Administrative Assistant took the minutes. The minutes of the May 18th meeting were considered and duly approved on motion by 1st Rod Platt , 2nd by Charlie Bassett and unanimou s ly carried. A motion was presented to add to the meetin§ agenda to include a presentation by John Ward. The motion was made by Rod Pl att, 211 by Pam Caudill and unanimously carried. John Ward -Mr. Ward currently has had a sign in front of the airport for approximately two -four weeks advertising (promoting) a class for students wishing to learn to fly. The program created ten telephone calls; he would like to continue the sign for several weeks to see if any other students enroll. Mr. Ward also would like to use Hanger 39 for a Companion flying program, Hanger 39 is currently vacant. He has three students already enrolled in this program . He would like to set the room as a classroom situation to include his flight simulator computer. This computer is approximately 4 ' x 4 ' and includes instruments , yokes, foot pedals, and a computer to monitor the student. He is willing to install a small air conditioner in the room to lessen the heat and moisture. It was decided that Mr. Ward could continue to advertise with the sign and use Hanger 39 for the next six months on a trial basis only. After which both items will be reviewed by the Authority provided that Mr. Ward shows proof of liability insurance for the two mentioned items . A motion presented by 1st Pam Caudill, 2nd by Pam Caudill and unanimously carried. Wetlands Mitigation Bank project -Everyone had been given a copy of the report from HRM at the previous meeting to review. Market values are still depressed , therefore it was decided that this project will be placed on hold to be re-reviewed in several months. East Side Project -Chuck Zunk reported that he has not heard back from the FAA as to when they will fund the grant. However, progress is still being made on the East Side project by the geo-tech crews hired by Volkert. Expenses are being paid out of the Construction Account. A motion was presented to move $75 ,000 from the Operating Account to the Construction Account until the grant money is received. A motion presented by 1st Charlie Bassett, 2nd by Joe McEnemey and unanimously carried. Treasurer 's Report -Current financial statements were reviewed and discussed. 1 Reso lution for Airport Debt -Chuck Zunk explained the current position with Allied Irish Bank concerning the Letter Of Credit, and the progress in obtaining a refinancing from another bank to do away with the Letter Of Credit. Motion was presented to authorize Chainnan Zunk, with advice from Attorney David Bagwell, to engage a Special Bond Council to assist on these issues. A motion presented by 1st Pam Caudill, 2nd by Charlie Bassett and unanimously carried. There being no further business and was duly approved on motion by l st Pam Caudill, 2 nd by Joe McEnerney and unanimously catTied; therefore, meeting was duly adjourned at 5:30 PM . 2