HomeMy WebLinkAbout12-14-2011 Fairhope Economic & Industrial Development BoardCommittee:
Date & Time:
Place:
Subject:
Public Meeting Notice
Fairhope Economic & Industrial
Development Board
Wednesday, December 14, 2011 at 6:00 p.m.
Delchamps Room
161 North Section Street
See Attached Agenda
Notice must be stamped, dated and initialed before posted on
bulletin board.
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SIGNATURE
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Fairhope Economic and Industrial Development Board
Regular Called Meeting
December 14 , 2011 , 6:00 P.M .
Delchamps Room -Fairhope Municipal Complex
161 N. Section Street
1. Review and adoption of minutes from previous meeting
2. Treasurer's report
3 . Old business
a. Election of Officers
b. Airport Activity
4. New business
a. BCEDA Proposal
c. General discussion
5. Adjourn
,.
Minutes of the Regular Meeting
of the
Fairhope Economic and Industrial Development Board
14 December 2011
The regular meeting, duly noticed to the public, was called to order by Chairman Charles
Bassett at 6:00PM at the Delchamps Room, of the Fairhope Civic Center. Members present in
addition were Rusty Winfree, Gary Moore, and Daniel Stankoski. Member Hubert Hinote was
absent. A quorum was present and declared.
Several visitors were in attendance as well: Josh Thornton of the Baldwin Economic
Development Alliance was present; representing Aero-Mark MRO, LLC were Christopher
Solomon, Johnnie Miller, and Michael Jones; from the media, Mike Odom was present; and, for
the first time ever, we were joined by a Fairhope Police Officer (Roberts).
The minutes of the previous meeting ( 11 October 2011) had been distributed by
email and copies were also available for review and approval at this meeting. Upon
Motion by Rusty Winfree, seconded by Dan Stankoski, the minutes were approved
unanimously.
The Treasurer's report remains unchanged from the previous Meeting, at which the
amount of $9,389.55 was reported.
Under Old Business, the matter of annual elections was revisited. At the last
meeting, Rusty Winfree had been elected Secretary/Treasurer, subject to his confirming
his acceptance. For the record, Mr. Winfree gladly accepted the outcome of the election
and consented to serve. Additionally, Gary Moore was nominated to be the Vice-Chair
of the Board. Upon motion to close the nominations by Dan Stankoski, seconded by
Rusty Winfree, the motion was approved unanimously. Immediately thereafter, an
election was held from which Gary Moore was elected Vice-Chair of the Board.
The Chairman also discussed ongoing activities at the Fairhope Airport in general.
Under New Business, Josh Thornton gave an introduction of the representatives
from Aero-Mark MRO, LLC, who in turn discussed their business plans to reopen the
former Airlnc, Fokker site south of the City. Mr. Thornton discussed the potential
economic impact of this sizable investment, the number of high paying jobs expected in
the near future, and in the years to come. Further, he outlined the incentives available to
the Board to offer this business to further engage their plans to locate here, and to assist
in the formation, implementation and advancement of the business.
Mr. Thornton said, in summary, Aero-mark is an aerospace MRO that will be
investing approximately $2.3 million into the new project and we be locating in the
vacated Fokker Airinc building. Aero-mark requested help from the IDB with an
incentive package that would include non educational tax abatements to help offset their
costs. The Fairhope IDB is the granting authority for the city, county and state for
statutory incentives offered to qualifying industries . Aero-mark MRO is a qualifying
industry under Alabama law.
Following this presentation and thorough discussion of the positive economic
impact to the citizens of the City of Fairhope and surrounding area, Mr. Thornton
proposed that the Board offer the following incentives: 10-property tax abatement & one
time sales & use tax abatement that will be used against construction related materials
and equipment. The total incentive package would be $256,517 . The property tax
abatement total is $173,664 for the 10 year period and approximately 17 ,366 per year.
The one time sales and use tax abatement total is $82 ,853 . Only the non educational
portion of taxes will be abated.
The Board members fully discussed the matter, asked questions of Mr. Thornton
and representatives of Aero-Mark MRO, LLC. Following due deliberation, Gary Moore
made the Motion to pass a Resolution to approve the financial incentives described just
above ; and , Rusty Winfree seconded the Motion. Upon calling for a vote , the matter
passed unanimously by the Board.
There being no further business , and the agenda being complete , upon motion by
Gary Moore and seconded by Rusty Winfree, the meeting was adjourned upon the
unanimous vote in the affirmative at 7: 1 0PM.
Respectfully submitted,
Rusty Winfree , Secretary
Dated: December 14 , 2011.
Attachments : Agenda