The URL can be used to link to this page

Home My WebLink About01-15-2013 Regular MeetingMinutes of the Fairhope Airport Authority January 15, 2013 The Fairhope Airport Authority met Tuesday, January 15, 2013, at 4:30 p.m. in the Delchamps Room, City Building, 161 N. Section Street. Present: Chuck Zunk, Chairman. Members: Rod Platt, Pam Caudill, Joe McEnerney (arrived at 4:45 p.m.), Charlie Bassett, Howard Hadley, Jack Burrell (arrived at 4:50 p.m.) Also, James Gillespie, COF General Superintendent and David Bagwell, Attorney. Gayle Fogarty, City Executive Assistant took the minutes. The minutes of the December 18, 2012 meeting were considered and approved on a motion 1st by Rod Platt, 2"d by Howard Hadley and unanimously carried. Festival of Flight -Charlie Bassett provided an update to the group on the Festival of Flight. Charlie stated that a meeting was held January 11, 2013. At the meeting there was discussion of the FOF being held during the weekend of the Continental/Bonanza fly in during October or November of 2013, as well as a job fair going on at the same time. There was general discussion among the group on the details of the event. Rod Platt added the suggestion of corporate tents at the event. Funding for this event has not been established at this time. Report on Eastern Shore Metropolitan Planning Organization (MPO), and on emergency drill- Pam Caudill updated the group on the MPO meeting she recently attended and shared what members are on the committee. An MPO is established when a population is greater than 50,000 and the goal is to integrate the cities in this area to be consistent with short and long term planning. A Technical Advisory Committee has been established with voting and non -voting members. The Airport Authority has been asked to be on the committee as an advisor & non -voting member. Jack Burrell added that he is a voting member on the MPO. Pam will continue to update the group, as more information comes available. In addition, Pam Caudill is representing the Airport Authority at a tabletop safety exercise in Gulf Shores, AL on February 22, 2013. Recommendation of Nominating Committee for 2013 Officers -Pam Caudill updated the group on the 2013 nominations. Pam stated that she and Charlie Bassett as the Nominating Committee suggested the following members for 2013 Officers: Chairman Chuck Zunk, Vice Chairman Rod Platt, Treasurer Joe McEnerney and Secretary Pam Caudill. Chairman Zunk asked if there were any other nominations for officers, there being none, he closed the floor to nominations. Chairman Zunk stated that the group would vote on these positions at the February 19, 2013 meeting. Update on Aviation Training Center- Charlie Bassett updated the group on the Aviation Training Center - stating that Chairman Zunk and the school board had some concerns regarding the location. The school board would prefer the center to be outside the fence. Charlie was under the understanding that Dr. Lee would be signing the MOU and Pre -Construction lease, based on the changes to the location, the MOU and Pre -Construction lease were changed and now waiting to be signed by Dr. Lee. There was general discussion of the training center and funding for the building. East Side Project -Chairman Zunk informed the group that the environmental assessment was provided to the group prior to the meeting for review. He also informed the group that the FAA has requested for client letters of interest. Chairman Zunk requested that Joe secure a few letters on behalf of the Airport Authority. Also, mentioned that the Airport Authority is in the process of closing out fiscal year 2010 & 2011 AIP projects. Update on Facility Upgrades & Maintenance of Public Safety Hangar -Howard Hadley updated the group by sharing a visual design of the layout. James Gillespie added that the City of Fairhope would provide in -kind services, such as electric and pluming. Howard also shared with the group that Continental is updating the North Hanger. Chairman Zunk noted that Continental is approaching the end of their 5 year lease. Treasurer's Report -Joe McEnerney gave a report on the treasure's report. Chairman Zunk e-mailed a copy of the report to the group prior to the meeting. Chairman Zunk requested that Joe move $150,000 from the construction account at First National Bank to the PNC operating account on a temporary basis to cover the upcoming debt service payment due March 1s`, then to restore the money into a construction account. There was general discussion of the Airport Authority finances among the group. New Business- Rod Platt informed the group that he is working on getting a website established for the Airport Authority. He requested that everyone take a look at it and provide him with suggestions. Jack Burrell added that the City Council is in full support of providing funding for the Festival of Flight, if the BP funding falls through. He added that a contract would need to be drawn up between the Airport Authority and the City of Fairhope, as to the amount of funding and when it will be available. There being no further busines the meeting was adjourned by acclamation at 5:50 p.m. CITY OF FAIRHOPE AIRPORT AUTHORITY GOVERNMENTWIDE FINANCIAL STATEMENTS MEASUREMENT FOCUS - ECONOMIC RESOURCES ACCRUAL BASIS OF ACCOUNTING FISCAL YEAR AND MONTH ENDING JANUARY, 2013 BALANCE SHEET ASSETS CHECKING ACCOUNT FNB CERTIFICATE OF DEPOSIT CITIZEN'S CERTIFICATE OF DEPOSIT BANKTRUST CERTIFICATE OF DEPOSIT FNB CONSTRUCTION ACCOUNT PNC OPERATING ACCOUNT PNC CONSTRUCTION ACCOUNT FAA PROJECT LAND AND CONSTRUCTION IN PROGRESS CAPITAL IMPROVEMENTS ACCUMULATED DEPRECIATION DEFERRED EXPENSE - BOND ISSUE TOTAL ASSETS LIABILITIES 2010 PNC LOAN-DEFEASE 2007 ALLIED IRISH LETTER OF CREDIT CAPITALIZATION RETAINED EARNINGS INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT NET EARNINGS TOTAL LIABILITIES AND CAPITALIZATION INCOME STATEMENT CURRENT MONTH REVENUES FUEL SALES 5,766.60 CITY OF FAIRHOPE APPROPRIATION 100,790.67 T HANGER RENT 5,252.00 BIG HANGER RENT 546.00 OFFICE RENT 7,350.00 INTEREST INCOME 239.85 FAA GRANT - TOTAL REVENUES 119,945.12 EXPENSES INSURANCE PROPERTY TAX TRAVEUDUES/MEETINGS BANK FEES LEGAL PROFESSIONAL SERVICES OFFICE AND GENERAL SUPPLIES MAINTENANCE EQUIPMENT MAINTENANCE MISCELLANEOUS ANNUAL AMORTIZED BOND ISSUE EXPENSE ANNUAL DEPRECIATION EXPENSE IMPROVEMENTS INTEREST EXPENSE ELECTRICITY TOTALEXPENSES NET EARNINGS 1,500.00 283.95 (17,470.05) ENDING BALANCE 103.140.67 107,000.00 82,407.52 392,749.72 237,388.98 170.00 11,886,327.56 13,376,707.70 (2,881,277.93) 26,847.32 23,331,461.54 8,935,000.00 1,667,240.00 12,494,658.20 234,563.34 23,331,461.54 YEAR TO DATE 5,766.60 211, 540.68 18,139.52 546.00 29,400.00 927.11 49,912.00 316,231.91 6,000.00 3,548.25 591.70 20,409.73 11,641.56 46,689.10 833.90 4,429.79 (3,210.64) 81,668.57 123,155.76 234,563.34 Rose Fogarty, Finance Director 3/28/2013