1996-04RESOLUTION NO. 1996- 4
BOARDMEMBER VanSlyke INTRODUCED THE FOLLOWING RESOLUTION:
WHEREAS, the Airport Authority of the City of Blair has
entered into a Purchase Agreement for the acquisition of Eagle
Field at a purchase price of $1,200,000.00; and,
WHEREAS, it is necessary to finance a portion of said pur-
chase of the unfunded portion of the local share of the purchase
price, and for a period of time until funds representing the
federal and state share of said acquisition are received by the
Airport Authority, and until permanent bonding is completed of
the ineligible costs for state and federal participation.
NOW, THEREFORE, BE IT RESOLVED BY THE AIRPORT AUTHORITY OF
THE CITY OF BLAIR, NEBRASKA, THAT the Airport Authority hereby
approves the borrowing of an amount not to exceed $1,200,000.00
to fund the purchase and acquisition of Eagle Field.
BE IT FURTHER RESOLVED the Airport Authority hereby approves
the collaterization of said loan by the pledge of federal and
state funds awarded to the Airport Authority as grants to par-
tially fund said acquisition.
BE IT FURTHER RESOLVED the Airport Authority approves the
pledging of Tax Lot 5 in Section 19 and Tax Lot 31 in Section 30,
all in Township 17 North, Range 12 East of the 6th P.M., Washing-
ton County, Nebraska, to secure repayment of said loan.
BE IT FURTHER RESOLVED the Chairman and Secretary of the
Airport Authority of the City of Blair are hereby authorized to
execute all promissory notes, assignments, pledges of collateral,
deeds of trust, and any and all other documents and instruments
necessary and required to obtain said loan in an amount not to
exceed $1,200,000.00.
BOARDMEMBER Meyers MOVED THAT THE RESOLUTION BE
ADOPTED, WHICH SAID MOTION WAS SECONDED BY BOARDMEMBER
Scheve-------------- UPON ROLL CALL, BOARDMEMBERS
VanSlyke, Meyers, Havekost
VOTING "AYE", AND BOARDMEMBERS none
VOTING "NAY", THE CHAIRMAN DECLARED THE FOREGOING RESOLUTION
PASSED AND ADOPTED THIS 17th DAY OF SEPTEMBER, 1996.
AIRPORT AUTHORITY OF THE CITY
OF BLAIR,
BY
CH RMAN
ATTEST:
SECRETA Y
(SEAL)
STATE OF NEBRASKA )
)ss
WASHINGTON COUNTY )
Loren Havekost, hereby certifies that he is the duly elect-
ed, qualified, and acting Secretary of the Airport Authority of
the City of Blair, Nebraska, and that the above and foregoing
Resolution was duly passed and adopted at a regular meeting of
the Board members of the Authority held on the 17th_ day of
September, 1996. 1 A
SECRETARY