HomeMy WebLinkAbout01-21-2014 Regular MeetingMinutes of the Fairhope Airport Authority
January 21, 2014
The Fairhope Airport Authority met Tuesday, January 21, 2014 at 4:30pm in the Delchamps Room, City
Building, 161 N Section Street.
Present: Charles Zunk, Chairman. Members: Charlie Bassett, Pamela Caudill, Joe McEnerney, Rod Platt,
Charles Zunk and Jack Burrell; also present were James Gillespie and David Bagwell, Lawyer. Jennifer
Olmstead took the minutes. Absent: Howard Hadley.
The minutes of the December 17, 2013 meeting were considered and approved on a motion by Rod
Platt, second by Charlie Bassett, and unanimously carried. Jack Burrell abstained.
Update on `?he Academy At Fairhope" — Charlie Bassett provided an update to the group, stating that
construction is underway.
Update on Advantage Sites Program — Rodd Platt provided an update to the group stating that
Montgomery will come and visit as soon as they put us on their calendar.
Update on repairing storm damage to AWOS — Chuck Zunk provided an update to the group stating
that there has been a slight delay in the installation of the structure.
Update on Repair of drainage problem close to runway — Charlie Bassett and Chuck Zunk provided an
update to the group. The contract has been signed to start the repairs.
Resolution to approve emergency repairs to North Hangar sliding door — Chuck Zunk proposed a
Resolution be made to approve emergency repairs up to $40,000 to the North Hangar Sliding Door. The
resolution was passed on a first by Charlie Bassett and a second by Pamela Caudill, carried unanimously.
Appointment of Nominations Committee for 2014 Officers — Chuck Zunk went over the process for
appointment of 2014 officers. Joe McEnerney and Howard Hadley were appointed for the Nominations
Committee for 2014 Officers.
Appointment of Drafting Committee for changes to Minimum Standards — Chuck Zunk went over why
and how we make changes to Minimum Standards. Chuck Zunk and Pamela Caudill were appointed to
the Drafting Committee for making changes to Minimum Standards, with David Bagwell as legal counsel.
Treasurer's Report — Joe McEnerney went over the Balance Sheet and Income Statement. He stated
that 2013 year-end adjustments had been made and will be reflected on future statements. Also, some
accounting policies have been changed: the balance sheet will be renamed the Statement of Net
Position to include four components. 1. Assets, 2. Deferred outflows of resources, 3. Liabilities, and 4.
Deferred inflows of resources. Also, certain items that are currently reported as assets and liabilities
will be reclassified as deferred outflows of resources, deferred inflows of resources or current -period
outflows (expenses) and inflows (revenues).
There being no further business, the meeting was adjourned. lA
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