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08-03-1988 Regular Meeting -, AIRPORT AUTHORITY MEETING MINUTES OF MEETING August 3, 1988 A re~ular meeting of the Airport Authority was held in the Munic1pal Building at 7:00 PM on August 3, 1988. Those members present were Mr. David Good, Mr. Ralph McDaniel, Ms. viki Brigham, Mr. Blaine Price, and Mr. John Dennis. Mr. Doug Warner, the attorney for the Authority, Mr. Gary Varga with Wilber smith and Associates, Mr. Marvin Fritz with Walker's Fuel Corporation and the City Engineer, Mr. Barry Amos were also in attendance. MINUTES The minutes of the motion was made by Ms. unanimously adopted to meeting of July 6, 1988 were reviewed. A Brigham, seconded by Mr. Price and was approve the minutes as written. ADDITIONAL AGENDA ITEMS The Chairman announced that there were two additional items to add to the agenda: 1. Flight Instruction; 2. Airport Authority Letterhead. MISCELLANEOUS Chairman Good distributed copies of correspondence that he received regarding the Airport. The first letter is for the appraisal of the twent~-four (24) acre site for the terminal area expansion land that 1S to be purchased with the Grant funds. The co~y of the appraisal has been reviewed by IAR and has concurred w1th the appraisal. Another appraisal was received by Harvey Hooks and Associates for the airport alone. The value of the current unimproved airport facility and 69 (sixty-nine) acres, is worth $1,720,000.00 (one million seven-hundred and twenty thousand dollars). The value of an improved airport with re~ard to runway, taxi rails, field lighting and parking areas 1S worth $2,120,000.00 (two-million one-hundred and twenty thousand dollars) . r-- r-' ~. F t; I Regular Meeting August 3, 1988 Page 2 MISCELLANEOUS Chairman Good informed the Authority that the hanger had also been appraised in the amount of $310,000.00 (three-hundred and ten thousand dollars) . Also received was the Minority Business Enterprise plan. This document has been signed and forwarded to the FAA. Mr. McDaniel stated that he had reviewed the appraisal from Harvey Hooks & Associates and commended the work that was done with it. INSURANCE PROPOSALS The city Insurance Consultant, Mr. Joe Byrd was in attendance with the information regarding insurance for the Airport and the Authority. Mr. Byrd prol?osals avaJ.lable informed the Authorit~ that he has obtained the cost of different t~pes of J.nsurance policies that may be for the AuthorJ.ty. Mr. Byrd different suggested consider million stated that the bid proposals went to several companies and two proposals were received. It was at the last meeting that the Authority may want to getting insurance worth approximately $10 $25 along with specifications of what it would all cover. Bids were received from two Airl?ort Specialist Insurance Agencies. The first was from NationaJ.r out of Atlanta and the other was from Lance Toland Associates out of Griffin. Both of the companies have been A or A+ rated by AM Best Company. Of all the insurance agencies in the State of Georgia, the two agencies write most of the Airport Liability in the State of Georgia. Each of the agencies presented two proposals. Nationair presented proposals from Insurance Company of North America, and National Union Fire Insurance Company. Toland presented insurance from United States Fire Insurance Company and TransAmerican Insurance Company. Regular Meeting August 3, 1988 Page 3 INSURANCE PROPOSALS continued Each were asked for ~roposals for limits of liability of $10, $15, $20, and $25 mi1l1on. Each presented a list of l1mits of liability. Nationair presented proposals for all the limits requested. Lance Toland presented proposals for $10 million and $20 million. All of the proposals provide all of the protection that Mr. Byrd feels the Authority would need from a liability standpoint. After discussion and review of all the proposals, a motion was made by Chairman Good, seconded by Ms. Brigham and was unanimously adopted to authorize the City Insurance Consultant to ~urchase insurance including build1ng liability, u~on acqu1sition of the airport by the City, from TransAmer1can w1th a price guote from Lance Toland in the amount of $$9,273.00 for a total 1nsurance value of $20 million a year for the Authority and Airport. FUEL FARM STATUS Chairman Good announced that he had received a letter from Mr. Jim Holder, the president of Aerospec concerning the fuel farm at Falcon Field. It was suggested at the last meeting to contact Mr. Steve Black of Peachtree city Development Corporation to see if he would notify Mr. Holder about the removal of the fuel tanks. Aerospec will need to dig up the old tanks from the underground storage area and while the tanks are being removed, Mr. Marvin Fritz of Walker's Fuel Corporation suggested that the soil be tested to see how contaminated the area actually is. He also recommended that tem~orary above ~round tanks be installed until a final decision 1S made concern1ng the new location of the fuel farm. Mr. McDaniel questioned Mr. Fritz about how the Environmental Protection Agency would feel regarding the above ground tanks. Mr. Fritz stated that the EPA actually liked the above ground tanks better than the below ~round tanks but that the State Fire Marshall had a problem dea11ng with the above ground tanks in comparison with the below ground tanks. Regular Meeting August 3, 1988 Page 4 FUEL FARM STATUS continued Chairman Good instructed Mr. Varga to locate a different location for the new fuel farm at Falcon Field within one week to ten days. He was asked to prepare an outline to proceed with a permanent site for the fuel farm. Aerospec would be informed of the new location and prepare for the move. A motion was made by Ms. Brigham, seconded by Mr. Dennis and was unanimously adopted in support of Aerospec removing the two in ground fuel tanks and the fuel to be stored in temporary above-ground tanks until the new permanent location is decided upon, and once the location is determined, that any permanent fuel tanks would have to be the above ground storage tanks type. FEE STRUCTURE Chairman Good presented the calculation for the proposed Fee Structure for the use of land and equipment at Falcon Field. The fee structure is for improved and unimproved land, receipt of sales, gross receipts, hangers, and amount of lease agreements. A motion was was unanimously as written. made by Ms. Brigham, seconded by Mr. Dennis and adopted to approve the proposed fee structure CIVIL AIR PATROL BUILDING: The civil Air Patrol requested from the Authority, use of a portion of the Airport to hold some of their meetings. Chairman Good stated that when and if the airport became City property, that it would need to be discussed and decided upon at that time, therefore no action was taken at this time. ADDITION TO AGENDA ITEMS Flight Instruction: Ms. Brigham informed the Authority that someone had approached her regarding the status of flight instruction at the airport. The individual that approached her stated that a letter had Regular Meeting August 3, 1988 Page 5 ADDITION TO AGENDA ITEMS continued been received, instructing her to cease her flight instruction classes. Chairman Good stated that he did not know who had sent the letter, but that in the future of the airport, any commercial flight instructors would need to have or sign an agreement to continue with the instructions. AIRPORT AUTHORITY LETTERHEAD Mr. Warner presented two proposed copies of letterhead for the Authority's approval. A motion was made by Ms. Brigham, seconded by Mr. Dennis and was unanimously adopted to approve the letterhead that has the logo with the airplane on the top right hand side. The meeting was adjourned at 8:40 PM. &~ .) cT' ::7 Cha1.rman Attest, qw~