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2022-08-16 Budget Hearing Blair Airport Authority Special Meeting Tuesday, August 16, 2022 Agenda Item #1 – The Blair Airport Authority met in special session in the City Council Chambers on Tuesday, August 16, 2022, at 6:30 PM. Chairman Johnson called the meeting to order. 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 posted in the room where the meeting was being held. Notice of the meeting was given in advance thereof by publication in the Enterprise or the Pilot -Tribune as shown by the affidavit of publication filed in the City Clerk's office. Notice of the meeting was simultaneously given to the members of the Blair Airport Authority and the agenda is filed in the City Clerk's office. Availability of the agenda was communicated in the advance notice and in the notice to the Blair Airport Authority of this meeting. All proceedings hereafter shown were taken while the convened meeting was open to the attendance of the public. Agenda Item #2 – Chairman Johnson opened the public hearing for Fiscal year 2022-2023 Budget. Agenda Items #3, 4 & 5 Public Hearing – City Administrator /Airport Manager Storm reviewed the proposed Fiscal Year 2023 budget. Storm stated under the state budget act all taxing entities are required to conduct a public hearing on the budget separate from the regular monthly meetings to allow all citizens time to speak. He then reviewed the proposed budget. The total budget resources available consist of $1,840,779.59. Personal and Real Property Tax requirement is $220,830 with $48,879.91 in unused budget authority for next year. The 2022-2023 levy will be 0.029786 cents which is down from last year’s levy of 0.034538. If the proposed tax requirement was applied against the valuations from last year, the levy will decrease but this is only an estimate until the new valuations are received later this week. The final levy will not be determined until final valuation are received. Storm noted capital construction projects proposed in the budget are $240,000 for the taxi lane extension with engineering, $330,000 for the Environmental Assessment, $20,000 for armour coat on north access road, $40,000 for crack sealing, $25,000 for signs, $15,000 for LED lights for the fuel farm, $70,000 for miscellaneous projects and $250,000 for land purchase to relocate the county road for the runway expansion. Federal funds will pay for 90% of the EA project with $30,000 being the responsibility of the Airport. Staff will be applying for state grant funds to expand the taxi lane but will be competing against other airports for these funds. Debt Service is $294,577. Due to an error in meeting publication, the budget will not be adopted until August 22, 2022, at the regular meeting of the Airport Authority at 7:00 p.m. Board member Rump asked if there would be any need to issue new bonds. Storm said bonds would need to be issued when the Authority proceeds with the actual extension of the runway which could be approximately $500,000. However, by that time, most of the current debt should be paid off so the Authority would be able to absorb a new project. Rump also asked if the runway project would affect the levy. Storm stated that increased operation has generated enough dollars to keep the Authority moving forward from an operational standpoint. Storm stated an increase in hangar rent will need to be looked at soon, so the Authority does not get behind in rent fees. There were no comments from the public or in writing. Chairman Johnson closed the public hearing at 6:47 p.m. Agenda Item #6 – Adjournment – Motion by Dan Hunt, second by Wes Baedke to adjourn the meeting 6:48 p.m. Board members voted as follows: Wes Baedke: Yea, Dan Hunt: Yea, Dave Johnson: Yea, Faye Jones: Yea, Marty Rump: Yea. All Board members voted: Yea: 5, Nay: 0. Chairman Johnson declared the motion carried. Respectfully submitted, Dan Hunt, Secretary Brenda Wheeler, Recording Secretary