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02-19-1992 Special Called Meeting PEACHTREE CITY AIRPORT AUTHORITY MINUTES OF MEETING February 19, 1992 A special called executive session of the Peachtree City Airport Authority was held in the conference room at city Hall, Peachtree city, Georgia at 7:02 PM on February 19, 1992. Those members present were Chairman David M. Good, Ms. Vivian R. Brigham, Mr. G. Blaine Price and Mr. John W. Dennis. M. Michael E. Amos was granted an excused absence to a previous commitment with the Fayette County Chamber of Commerce. Also in attendance were Mr. Douglas B. Warner, Authority attorney, and Mr. James H. Savage, Airport Authority Coordinator. The meeting was called to order by Chairman Good. The agenda included the following item: 92-02-04 Consider proposals for airport property leases: Chairman Good briefed the members on the status of negotiations with Field Aircraft Atlanta, Inc. and how the negotiations affect the request for airport development/ operational loans from Peachtree National Bank. After a period of questions and answers, the following actions were taken: ,....., ~ j * A motion was made by Mr. Price and seconded by Mr. Dennis to ~ authorize the Chairman to sign the lease extension as presented; " a copy of which is attached and made a part of these minutes. The motion passed unanimously. * A motion was made by Mr. Price and seconded by Ms. Brigham to adopt the following resolution: Be it resolved, that the Authority shall pledge and assign its access fees received pursuant to its through-the-fence agreements with adjacent property owners, including Field Aircraft Atlanta, Inc., to Peachtree National Bank as collateral to secure the promissory note or notes to be executed and delivered to Peachtree National Bank by the Authority at the time of closing of the loans presently being applied for by the Authority; and that the Chairman is authorized to sign all documents in connection therewith. The motion passed unanimously. There being no further business at 7:49 PM, a Mr. Good and seconded by Ms. Brigham to adjourn. unanimously. motion was made by The 'on passed Attest: ~~~