HomeMy WebLinkAbout01-31-2017 Special MeetingMinutes of Fairhope Airport Authority
Special Meeting
January 31, 2017
The Fairhope Airport Authority met on January 31, 2017 at 4:30PM in the
Delchamps Suite, Room 1, in the Civic Center at 161 N Section St.
Present: Joe McEnerney, Chairman, Vince Boothe, Jack Burrell, Tom Scheck &
Chip Groner. Pam Caudill & Ray Hix were absent. Cynthia A Boothe took the
minutes and the meeting was "streamed" live.
Review and approval of the proposed refinancing of the Fairhope Airport
Authority existing debt of $7,445,629: Joe McEnerney stated that he had
received six proposals for the refinancing of the 2010 bonds. However, the
Authority's attorney (Rod Kanter) does not recommend moving forward with the
refinancing because of issues with the individual bank proposals (i.e. lack of
consistency with the requirements of the original RFP) and a lack of support from
Mayor Wilson for the refinancing. After a group discussion, a motion was made
by Vince Boothe to go back to all six banks and work with them to come into
compliance with the RFP, second by Chip Groner and unanimously passed.
There being no further business a motion was made by Chip Groner to adjourn
the meeting at 5:10PM, second by Jack Burrell and unanimously passed.