HomeMy WebLinkAbout05-18-2010 Regular Meeting•
Public Meeting Notice
Committee: Fairhope Airport Authority
Date & Time: Tuesday, May 18, 2010 at 4:30 p.m.
Place: Conference Room
161 North Section Street
Subject: See Posted Agenda
Notice must be stamped, dated and initialed before posted on
bulletin board.
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Fairhope Airport Authority
Agenda-May 18, 2010
4:30 p.m. in the Mayor's Conference Room
City Hall-161 N. Section St., Fairhope, AL
• Approval of Minutes for April 20 , 2010 meeting
• Wetlands Mitigation Bank project -Final Report
• East side project -status update
• Update regarding Letter of Credit
• Treasurer 's report
• Resolution to finalize negotiations with City regarding land parcels and funding
• New business
Schedule Of Future Meetings
(Note: Regular meetings are on the 3 rd Tuesday of each month at 4:30 p.m. in the
Mayor's Conference Room at City Hall, 161 N. Section St., Fairhope, AL.)
• Next regular meeting: Tuesday, June 15 , 2010
The Fairhope Airport Authority met Tuesday, May 18, 2010, at 4:30 PM at the City
Administration Building, 161 N . Section Street.
Present : Chuck Zunk, Members : Dan Stankoski, David Bagwell, Attorney , Rod Platt, Pam
Caudill , Charlie Bassett, Howard Hadley, and Joe McEnerney . Absent: Gregg Mims. Guests :
Pandora Heathcoe, City Administrative Assistant took the minutes.
The minutes of the April 20th meeting were considered and duly approved on motion by 1st Rod
Platt, 2nd by Charlie Bassett and unanimously carried .
Wetlands Mitigation Bank project-Guest, Christopher Baker provided a final report on the
West Side property . This report included boundary and topographic survey, preferred layout,
synopsis of meeting with the U.S. Corps of Engineers , and pro-forma including discussion and
analysis . It was decided that the Authority would review this information for discussion at the
next meeting.
East Side Project -Chuck Zunk reported that all the contracts have been signed with Volkert .
The FAA will fund this project and grant paperwork from FAA & ALDOT has not been
completed to date .
Treasurer 's Report -The financial statements for April was given to each member for review. It
was determined that these financial reports do reflect the regular appropriation amount.
Chuck Zunk explained the current position with Allied Irish Bank concerning the Letter Of
Credit. There are four local banks interested in re-writing the loan , those banks include : RBC ,
Wachovia/Wells Fargo, Compass/BBV , and Suntrust.
The Board elected to call an Executive Session based upon the letter from Attorney David
Bagwell to discuss negotiations with the City. This was duly approved by a motion by 1st
Howard Hadley, 2nd by Pam Caudill and unanimously carried .
The Executive Session began at 4 :40 p.m . and ended at 4:54 p .m.
It was discussed to modify with the City the original property deed to include the ten (10) parcels
of land which were excluded in the old deed . It was fel t the old legal description lacked clarity .
Discussion also included reducing the appropriation by $47,500. This was dul y approved by a
motion by 1st Rod Platt, 2nd by Howard Hadley and unanimously carried.
Charlie Bassett moved for adjournment, second by Pam Caudill , approved 6-0. Therefore at
5:30 p.m . the meeting adjourned .
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