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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. Agend air s l Agen r have the After discu Platinum Le AYE. None ing to order at 7:00 FBI 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