HomeMy WebLinkAbout11-26-1973 Regular Meeting16
FAIRHOPE MUNICIPAL AIRPORT
The Fairhope Municipal Airport Board met Monday November
26, 1973 at 4:00 P.M., at the City Administration Building
with the following present: Chairman Russell Kilgore, mem-
bers James P. Nix and James E. Gaston. M. L. Aust•, with
Aust Ponder Engineering Company was also in attendance.
Motion made and seconded to correct minutes of meeting of
September 13, 1972 to read as follows: Lease Agreement
rental payments to begin at conclusion of new expansion
project.
Review of financial condition was had. Board to close
books by end of calander year with exception of 10%.
Operator of Alabama Aircraft Inc., to be notified of ren-
tal,increase effection November 1, 1973• u"
Mr. Nix moved that Lessor increase liability insurance
to $500,000.00 which would be in line with amount the
City presently carries. Mr. Gaston seconded, motion
carried.
Motion by Mr. Nix seconded byMr. Gaston to delete items
6 and 7 in Minimum Standards to 8 (e-f) Optional instead
of required. Motion carried.
Mr. Gaston moved that Secretary be paid $100.00 toward
agreement set forth in year for expansion project
#ADAP-971002901 (reference to motion made by Mr. Nix
and seconded by Mr. Gaston, meeting of 9/13/72) Mr.
Kilgore seconded, motion carried.
There being no further busines to come b fore the
Board meeting adjourned.
EaTa Smi h, Secretary