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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