2015-05. RESOLUTION OF
THE AIRPORT AUTHORITY OF THE CITY OF BLAIR, NEBRASKA
RESOLUTION NO.2015-05
A RESOLUTION APPROVING A TEMPORARY EXTENSION OF THE
MATURITY DATE OF THE AUTHORITY'S OUTSTANDING AIRPORT
AUTHORITY BOND ANTICIPATION NOTE (DRAW -DOWN GRANT
ANTICIPATION LOAN), SERIES 2014B, PENDING PERMANENT
FINANCING; MODIFYING CERTAIN PROVISIONS OF THE RELATED
AUTHORIZING RESOLUTION; AUTHORIZING EXECUTION OF AN
ALLONGE TO SUCH NOTE REFLECTING SUCH EXTENSION;
AUTHORIZING EXECUTION OF RELATED DOCUMENTS; PROVIDING
THAT THE INVALIDITY OF ANY PART OF THIS RESOLUTION SHALL
NOT AFFECT THE REMAINDER; REPEALING ALL RESOLUTIONS OR
PORTIONS THEREOF TO THE EXTENT IN CONFLICT HEREWITH AND
PROVIDING FOR THE EFFECTIVE DATE OF THIS RESOLUTION.
WHEREAS, The Airport Authority of the City of Blair, Nebraska (the "Authority") is an
airport authority duly organized and existing as a body politic and corporate under the Cities Airport
Authority Act, Sections 3-501 et seq., R.R.S. Neb., as amended (the "Act"); and
WHEREAS, the Authority has issued the following (collectively, the "Notes"):
(a) Airport Authority Bond Anticipation Note (Grant Anticipation Loan), Series
2014A, dated October 22, 2014 (the "2014A Note"), issued under a resolution of the
Authority dated September 16, 2014 (the "2014AB Resolution") in the original principal
amount of $360,000; and
(b) Airport Authority Bond Anticipation Note (Draw -Down Grant Anticipation
Loan), Series 2014B, dated October 22, 2014 (the "2014B Note"), issued under the 2014AB
Resolution in the original principal amount of $2,400,000; and
(c) Airport Authority Bond Anticipation Note (Grant Anticipation Loan), Series
2015A, dated January 27, 2015 (the "2015A Note"), issued under a resolution of the
Authority dated December 16, 2014 (the "2015A Resolution") in the original principal
amount of $300,000; and
WHEREAS, each of the Notes was issued to Washington County Bank (the "Bank") as
initial purchaser and sole holder; and
WHEREAS, on or about October 7, 2015, the Authority received certain funds (the "FAA
Grant Funds") intended for application to the Notes and has applied the FAA Grant Funds to satisfy
the 20t4A Note and the 2015A Note in full and to reduce the principal balance of the 2014B Note;
and
WHEREAS, the 2014B Note matures by its current terms on October 21, 2015 (the
"Current Maturity Date"); and
WHEREAS, pending the issuance of bonds or other long-term financing to satisfy the
2014B Note, the Authority desires to temporarily extend the Current Maturity Date to April 20,
2016 (the "Extended Maturity Date"); and
WHEREAS, the Bank has agreed to such extension and there has been prepared in
connection with such extension a form of allonge to the 2014B Note (the "Allonge"); and
NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE AIRPORT
AUTHORITY OF THE CITY OF BLAIR, NEBRASKA, AS FOLLOWS:
1. Amendment of 2014AB Resolution. The fifth sentence of Section 2 of the 2014AB
Resolution is amended and restated in its entirety as follows: "The 2014B Note shall mature, and
the entire unpaid principal amount of the 2014B Note, together with all unpaid accrued interest
thereon, shall be due and payable on April 20, 2016 (such date being referred to as the "Maturity
Date").
2. Execution of Allonge. The Allonge shall be executed on behalf of the Authority by
manual or facsimile signature of the Chairperson or Vice Chairperson of the Authority and the
Chairperson or Vice Chairperson are hereby severally authorized to execute, seal and attest and
deliver, as applicable, the Allonge on behalf of the Authority. Any such signature may be a manual
signature or may be by facsimile. The Authority Treasurer shall manually execute its
acknowledgment on the Allonge, and the Bank shall acknowledge and consent to the terms of the
Allonge. The Allonge, as executed and delivered, shall be in substantially the form now before this
meeting and hereby approved, subject to such changes therein as shall be approved by the officer of
the Authority executing the same, such execution thereof to constitute conclusive evidence of the
Authority's approval of any and all changes or revisions therein from the form of the Allonge now
before this meeting; and from and after the execution and delivery of the Allonge, the officers,
agents and employees of the Authority are hereby authorized, empowered and directed to do all
such acts and things and to execute all such documents as may be necessary to carry out and to
comply with the provisions of the 2014AB Resolution, as amended hereby.
3. Authority To Execute and Deliver Additional Documents. The Chairperson or Vice
Chairperson each are severally hereby authorized to execute and deliver for and on behalf of the
Authority and any and all additional certificates, documents and other papers and to perform all
other acts as the party signing may deem necessary or appropriate to implement and carry out the
purposes and intent of this Resolution, including the preamble hereto. The execution and delivery
by such officer or officers of the Authority or any such documents, instruments or certifications, or
the performance of any act in connection with the matters which are the subject of this Resolution
shall constitute conclusive evidence of the approval thereof of each such officer and the Authority
and shall conclusively establish such officer's absolute, unconditional and irrevocable authority with
2
respect thereto from the Authority and the approval and ratification by the Authority of the
documents, instruments and certifications so executed and the action so taken.
4. Severability. If any provision of this Resolution shall be held or deemed to be or shall, in
fact, be illegal, inoperative or unenforceable, the same shall not affect any other provision or
provisions herein contained or render the same invalid, inoperative or unenforceable to any extent
whatever.
5. Prior Resolutions. To the extent that the provisions of this Resolution conflict with
provisions of prior resolutions, or parts thereof, the provisions of this Resolution shall control, to the
extent of such conflicts.
6. Ratification of Prior Actions; Prior Action. All actions heretofore taken with respect to
the Notes and matters incident thereto by the officers of the Authority, to the extent such actions are
not in conflict with this Resolution, are hereby in all respects adopted, ratified, approved and
confirmed.
7. Effective Date. This Resolution shall be in full force and effect immediately upon its
adoption.
8. Captions. The captions or headings in this Resolution are for convenience only and in no
way define, limit or describe the scope or intent of any provisions or sections of this Resolution.
The above and foregoing resolution was adopted by the board of directors of the Authority
this 20'' day of October, 2015.
AIRPORT AUTHORITY OF THE CITY OF
BLAIR, NEBRASKA
By: zz t'e'�04wlzj
Chairman
14
Attest:
Secrew
3
BLAIR AIRPORT AUTHORITY MINUTES
October 20, 2015
The Blair Airport Authority Board meeting was held on October 20, 2015
at 7:00 p.m. at the Blair City Council Chambers.
Those in attendance were Airport Chairman Geary Combs, Loren Havekost, Dr. Dave
Johnson, and Don Woodhull. Also in attendance was Airport Manager Rodney A.
Storm. Board Member Gene Meyer was absent.
Airport Chairman Combs chaired the meeting and called t
p.m.
The minutes of the regular September 15, 2015 m
Johnson moved to approve the minutes and L. H
members present voted AYE. None voted NAB ll
passed.
The September financial reports were
itemized invoice amounts. D. Woo210
u
Johnson seconded the motion. Al
Chairman Combs declared the mote -
Agenda Item #4- Board Me
draw down note 2014
the draw down note
and Secretary to jl ag
members presen d AY
2015-05 adopted.
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After discu
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ing to order at 7:00
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motion. All
fired the motion
Phan Combs going over the
the financials and Dr. D.
1 AYE. None voted NAY.
ReW tion 2015-05 extending
13a Jon by L. Havekost to extend
ounty Ban C< and authorize the Chairman
by Board Member D. Woodhull. All
(. Chairman Combs declared Resolution
ant with Top Intel to operate UAV's at Blair Airport
I next meeting in order to work with legal.
ed ervice plans with QT Technologies. We currently
h includes lightning protection and software upgrades.
moved and D. Woodhull seconded that we renew the
ment with QT Technologies. All members present voted
irman Combs declared the motion passed.
Agenda Item #7-The"board agreed to have the carpets cleaned, and cleaning company
clean the house at 10627 CR P38A to get it ready for rental. Some maintenance
projects need to be addressed. Rod will look into those issues.
Agenda Item #8 — Reports
a) SkyWerx Aviation —No report.
b) Four State Aviation Conference - Rod reported that he attended the technical
sessions and noted that any future projects we will need to work closely with the
NDA from start to finish to make sure all steps are completed correctly. Rod also
met with Amy Waters who took over Gayla's position. Geary reported on the
disaster planning session that he attended.
c) Hail repairs- They should be finishing the last hangar building this week if the
weather cooperates.
d) Maintenance - We have a old hangar door that needs repaired. We need to find
someone who will work on the old hangar doors.
e) Update on changing approach minimums - Rod plans to set a meeting with Anna
and Barry from the NDA to find out what needs to be done to get the flight check
done so that the approach minimums can be changed.
f) Proposed committee meeting with NDA on priority for f projects - Rod
reported that it would be beneficial for him, Geary, b -'embers and Tim
Hauder to meet with Anna and NDA staff to agree rioritize future projects.
L. Havekost moved and second by D. Woodhull to n the ng at 8:15 p.m. All
members present voted AYE. None voted NAY r, irman Com Glared the
gglgm
motion passed.
Respectfully submitted,
Loren Havekost, Secretary;
Kat