2010-01EXTRACT FROM MINUTES OF MEETING
OF THE AIRPORT AUTHORITY OF THE CITY OF BLAIR. NEBRASKA
A meeting of the Airport Authority of the City of Blair, Nebraska (the "Authority") was convened in open
and public session at 7:00 o'clock p.m. on January 19, 2010, at the City Council Chamber, City Hall, in Blair,
Nebraska. Presentwere: Chairman Combs, Board Members Dr. David Johnson, Loren
Havekost, and Robert Johnson. ;
Absentwere: Board Member Carl Lorenzen.
Notice of the meeting was given in advance thereof by newspaper publication and posting in three public
places, being the Authority's designated methods for giving notice, copies of the publisher's affidavit and certificate
of posting notice being attached to these Minutes.
Notice of this meeting was given in advance to all members -of the Board of Directors of the Authority and
a copy of their Acknowledgment of Receipt of Notice and the agenda is attached to these Minutes. Availability of
the agenda was communicated in the published notice and in the notice to the members of this meeting. The
Chairman publicly stated to all in attendance that a current copy of the Nebraska Open Meetings Act was available
for review and indicated the location of such copy in the room where the meeting was being held. All proceedings
hereafter shown were taken while the convened meeting was open to the attendance of the public.
The Chairman stated it was the time set to conduct a hearing on the issuance by the Authority of its Airport
Authority Revenue Bond Anticipation Notes (Draw -Down Grant Anticipation Loan), Series 2010, in the maximum
aggregate face amount of $2,500,000, the proceeds of which will be used to pay or refinance the costs of certain
improvements to the existing airport and related facilities of the Authority, including land acquisition and
construction of runway, apron and taxiway expansion and improvements, construction of fuel storage facilities,
construction of hangars, construction of water system improvements therefor, and providing related equipment,
structures and furnishings therefor (collectively, the "Project"). At such hearing the following persons appeared and
were heard: No comments from the public After all persons
desiring to be heard were heard, the Chairman of the Board declared the hearing closed and, after discussion, Board.
Member Havekost, introduced the following resolution and Member R. Johnson moved its adoption:
RESOLUTION 2010-01
RESOLUTION CALLING AIRPORT AUTHORITY BOND ANTICIPATION NOTES
SERIES 2009A AND 2009B
BE IT RESOLVED by the Chairperson and Board of Trustees of the Airport Authority of the City of Blair,
Nebraska (the "Authority"), as follows:
Section 1. That the following bond anticipation notes are hereby called for redemption at par plus accrued
interest on January 20, 2010, after which date said bonds shall cease to bear interest:
(d) Airport Authority Bond Anticipation Note (Draw -Down Grant Anticipation Loan),
Series 2009, dated April 22, 2009 (the "Series 2009A Note") and maturing April 21, 2010, and
presently outstanding in the principal amount (maximum amount drawable) of $500,000, of which
approximately $444,175, including accrued interest, is presently drawn and outstanding; and
(e) Airport Authority Bond Anticipation Note (Draw -Down Grant Anticipation Loan),
Series 2009B, Dated August 3, 2009 (the "Series 2009B Note") and maturing July 31, 2010, and
presently outstanding in the principal amount (maximum amount drawable) of $500,000, of which
approximately $419,916, including accrued interest, is presently drawn and outstanding.
Section 2. Said bonds are payable at the office of the Authority's Treasurer, as Paying Agent and
Registrar (the "Paying Agent") in Blair, Nebraska.
Section 3. A copy of this resolution shall be filed with the Paying Agent and said Paying Agent is
hereby instructed to give notice of redemption in the manner provided for in the resolution authorizing said
bonds.
PASSED AND APPROVED this 19th day of January, 2010.
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The motion for adoption was seconded by Board MemberD. Johnson Upon roll call, the following voted YEA:
Dr. D. Johnson L. Havekost G. Combs and R. Johnson
The following Board Members voted NAY:
None . Absent: C. Lorenzen . The Chairperson declared said resolution adopted.
Whereupon, Board Member Havekost educed the following resolution and moved its adoption:
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