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Home My WebLink About2012-11-08 - Agendas - Final Director Ray Boudreaux aye evl e Chairman Bob Nickle Financial Coordinator James Nicholson ARKANSAS Vice Chair Janice Stanesic Senior Secretary Louise Powers Secretary Mike Gibbs Member Rick Bailey Member Joshua Mahony Member Bill Corley Member Ken Haxel AGENDA Fayetteville Executive Airport Board Meeting 1:30 P.m., Thursday, November 8, 2012 Terminal Conference Room, 4500 S. School Avenue City of Fayetteville, Arkansas As a courtesy please turn off all cell phones and pagers 1. Welcome. Chairman 2. Approval of the Airport Board Minutes of the October 11, 2012 meeting. 3. Receiving of Reports. A. Director Boudreaux, Aviation Director. B. Financial Coordinator lames Nicholson, Budget Report. C. Senior Secretary Louise Powers, T Hangar Report. D. Wayne Jones, McClelland Engineers, Construction Report. E. Museum Executive Director Warren Jones, Museum report. 4. Old Business. None. 5. New Business. None. 6. Other Business. A. Items from the Public. B. Items from the Airport Board. 7. Meeting adjourned. NOTE: Next Airport Board Meeting: December 13. 2012 Strategic Planning Meeting: 4500 SOUTH SCHOOL AVENUE, SUITE F • AIRPORT TERMINAL BUILDING • FAYETTEVILLE AR 72701 479.718.7642 • 479.718.7646 FAX • v .accessfayetteville.orglgovemmentlaviation airport_economic_development@ci.fayetteAlle.ar.us MINUTES FAYETTEVILLE EXECUTIVE AIRPORT BOARD MEETING October 11, 2012 MEMBERS PRESENT: Bob Nickle, Mike Gibbs, Janice Stanesic, Rick Bailey, Josh Mahony, Ken Haxel, Bill Corley STAFF PRESENT: Ray Boudreaux, James Nicholson, Louise Powers OTHERS PRESENT: Peter Mastroianni-Million Air,Tyron Rogers-City's Government Channel; Mike Bowman- FYV Tower; Patrick Carter-NFlight Technology; Mark Frankum-SkyVenture Aviation; Craig Young and Rick McKinney-tenants; Wayne Jones-McClelland Engineers; Terry Gulley-City's Transportation Dept.; John P. Ross- Ross Executive Aviation; Nathan Odgen and Chad Childress-Pick-It Construction; Mauro Campos-City's Fire Dept ITEM #1 : Welcome. Chairman Nickle ITEM #2: Approval of the Minutes of the September 13, 2012 meeting. A motion to approve the minutes was made by Josh Mahony and was seconded by Rick Bailey. The motion carried. ITEM #3: Receiving of Reports. A. Director Boudreaux, Aviation Director. The aircraft operations are up 18% over last yr, and fuel sales are up 8%. A lot of credit can be given to Pete Mastromm working and inviting the military to practice here. The B-29 visited the museum, the Razorbacks flew out on a 757, South Delta has six planes here they are working on selling, bids were due in this morning for the NFlight hangar construction. The bids are good for sixty days. We hope to get a state grant to assist in the cost of the construction. The FAA decertified the check point saying it wasn't right, and it was the same crew that set it the last time. The AAOA Conference was successful, the FAA gave great presentations. The 3'd Annual Aviator's Ball is next weekend. Chairman Nickle expressed his thanks to staff for getting the U of A charter flying out of Drake. B. Financial Coordinator, James Nicholson, Budget Report. He reviewed the charts and graphs in the agenda, saying September was the best month for aircraft operations in five years and the fuel sales were over 40,000 gallons. Pete Mastroianni said Million Air has been breaking records for the last five months. Fuel sales for the B- 29 and the football team charters had helped, and military flights. James reported Million Air had lowered their fuel price, but was still above the regional average. Speaking of the Financial Report, mentioned the Airport would be paying a Washington County Tax of $27,000. Director Boudreaux reported the Airport had been appraised and taxed on empty ground this year. The City's Accounting Office said it has to be paid this year and next year the City will request an exemption. Chairman Nickle asked that staff put that on their calendar for next year to appeal to the County's Board of Equalization. He explained that sometimes you could explain to the appraiser, and the appraiser could make a change. He stated the value to the Airport is income and empty ground does not bring income. James said one piece of land taxed was purchased from Cooper Industries for our Runway Safety Area Project with the stipulation that nothing could be built on that land. It will never be a revenue generator for the Airport, so the value should be zero. This is the third year the Airport has had to pay county taxes. The Airport Fund Balance is still above the $500,000, but if you subtract the Airport's liabilities, the balance will be $422,435.00. C. Senior Secretary Louie Powers, T-hangar Report. There are two T-Hangars available to rent. D. Wayne Jones, McClelland Engineers, Construction Report. Construction has been completed on the Pavement Rehab Project and all paperwork has been sent to the FAA. E. Museum Executive Director Warren Jones, Museum Report. Rick McKinney reported the B-29 flew once with several passengers. ITEM #4: Old Business. 1 A.. Discussion: Acrobatic Box at Drake Field Airport. Director Boudreaux said the public had been invited to give comments. Patrick Carter said the newspaper had run an article and he had received positive comments. The box will be controlled by the ATCT. A motion was made by Josh Mahony to approve the Acrobatic Box over Drake Field and for the application to be sent to the FAA. The motion was seconded by Mike Gibbs. The motion carried. Patrick Carter said announcing the practice is not allowed, because then it would become an Air Show. The practice will not interfere with flights in or out of Drake. B. NFlight Hangar Construction (officelstorage area within existing hangar). Wayne Jones explained nine contactors had plans and four bids were received. One bidder showed up three minutes late, so his bid wasn't allowed. The engineer recommended Pick-It Construction's bid of $343,900. The high bid was $535,546 and the two lowest bids were $31 ,000 apart. One item in the project was fire protection at $38,250, which will be reimbursed to the City by NFlight. The bid was over the project budget and staff will work with the contractor and engineer to see if what can be eliminated from the project. A motion was made by Rick Bailey and seconded by Ken Haxel to approve the bid contingent on a successful negotiation with staff, the current low bidder, and the tenant, meeting the City's regulations and forward to the City Council. The motion carried. ITEM # 5: New Business. A. Procurement of Belt Loader for U of A's B-757 flights. The plane was loaded manually by throwing items into the cargo hold. The plane's crew said that was unsatisfactory, the cargo hold is pressurized and could be damaged. Pete's crew worked hard to load and unload the plane. The plane's crew directed us to have a belt loader or they would go to the XNA Airport. The Airport doesn't have the money, and will go before the City Council for a Budget Adjustment. Staff found one that you would walk behind to move it. The cost, including shipment and rehab, is approximately $15,000, and must order within the next two days for arrival for the next charter. Terry Gulley suggested buying it this year out of the equipment account and next year putting the amount back in the budget and then move it to the equipment account. Pete Mastroianni said they are leasing the air stairs for each flight. They will budget to buy a set next year. The belt loader could be used for all kinds of planes with an overhead cargo bay. The large charters coming in will help with the formula used for keeping the tower at no cost. There was discussion of having a financial analysis or not, others saying no, it is a minor cost. It is an investment in safety and insures the charter will come in, and possibly others.. There isn't one that can be rented, or borrowed. It was mentioned the City and the University had formed a partnership. The University prefers leaving out of Drake, as it is only a five minute drive, rather than 45 minutes to XNA. A motion to move ahead with the purchase of belt loader was made by Ken Haxel and seconded by Janice Stanesic. The motion carried. ITEM #6: Other Business. A. Items from the Public. Mike Bowman, ATCT, said it had been a good month, with over 1 ,300 operations. B. Items from the Airport Board. A Strategic Planning Meeting was set for Tuesday, October 16'", at 11 :30, noting there are several things that will be affecting the Airport during the first quarter of next year and need to have some plan in place. Josh thanked staff for the marker where the gate opens. Mike Gibbs asked about the Accounts Receivables. One T-Hangar has been padlocked because of late payments, and Southern Hospitality's account was turned over for collection, $3,000 was written off. One corporate tenant's rent wasn't in by the due date but they provided a copy of the written check from their corporate office. We have not received the check. Mike asked that James put an Accounts Receivable item in his report, saying he thought it was important for the Board to know if there were any problem tenants. Meeting Adjourned at 2:46 p.m. Mike Gibbs, Secretary Date 2 THE CITY OF FAYETTEVILLE, ARKANSAS a erLl le AVIATION DIVISION Y4500 S School Ave, Ste F Fayetteville, AR 72701 IF lite P (479) 71&7642 DIRECTOR' S MONTHLY REPORT OCTOBER, 2012 FAYETTEVILLE EXECUTIVE AIRPORT, DRAKE FIELD November 5, 2012 • . AIRPORT ACTIVITY: October was another good month. Operations remain 18% above last year and are already within 150 operations of the total for last year. If the trend continues we will have the best year since 2007. Sky Venture has been flying a lot of students and is contributing significantly to the total. Fuel sales for the month of October are the third highest of the year but well below last month. They were well above last October. The total for the year is still 8% ahead of last year. An increase year over year in fuel sales could be an indication that sales are again on the rise as sales volume has fallen each year since 2007 when sales toped 500,000 gallons for the year. • CORPORATE HANGAR IMPROVEMENT PROJECT FOR NFLIGHT TECHNOLOGY: Bids were received October 11 , 2012 and the low bidder was Pick It Construction, the same contractor that did the work for the South Delta Aviation project. Unfortunately, Director John Knight of the Department of Aeronautics has said that there are no funds available for the project at this time so we will not be considered on the November 14`' agenda of the Commission. Hopefully we will be considered in January. The bids are only good for 60 days so will expire before the January meeting. Once we receive the grant, we will re-bid the project. I have talked with NFlight and they are fine for the present working out of the Terminal Building. • FAA WILDLIFE HAZARD ASSESSMENT: FAA has not yet received the corrections to the WHA as requested from Loomacres. Richard Middleton, our Program Manager believes that the corrections were mis-directed since the Environmental Coordinator, Peggy Wade, left the FAA for a new job. Loomacres has agreed to resend the information to our Program Manager and he will evaluate and close the project out. We will then be able to produce a Wildlife Management Plan. • HANGARS FOR RENT: We now have 3 T Hangars for rent. Fortunately, all of the large Corporate Hangars are full. Spread the word that there are hangars available at Drake. • ARKANSAS AIR AND MILITARY MUSEUM: The Aviator Ball was fun and the food was excellent. The crowd was small but I think everyone had a good time. The Museum has offered two helicopters for assignment to other museums. We will release the UH- 1 Huey and the Cobra since we already possess like models in the Military side of the museum. Tulsa has already asked for the Huey and is completing the paperwork Telecommunications Device for the Deaf TDD (479) 521 -1316 113 West Mountain - Fayetteville, AR 72701 THE CITY OF FAYETTEVILLE, ARKANSAS for acquisition with the Federal government. The aircraft restoration volunteers have cleaned up the aircraft in anticipation of the transfer. Money is tight and we are working up a budget for next year for the Museum. • VOR CHECKPOINT DECERTIFIED: FAA Check Flight has not yet recertified the check point. We are on the schedule but the schedule continues to change. We will keep you informed. • U of A CHARTER: The U of A is now using Drake for football charters. The B-757 requires a belt loader which we were able to find used/reconditioned. It is not what we ordered so we are working with the vendor to get the right one but with some modification the one we received will work until we get the right one. • FAA SAFETY AREA PROJECT: The FAA has designed and bid a project to replace the mounts for the ODALS lights on both ends of the runway with frangible mounts. The project may require that we close the runway during the construction due to changes to the regulations which require the runway to be closed for construction in the safety area. lly Submitted, ay . Boudreaux, Dire or Telecommunications Device for the Deaf TDD (479) 521-1316 - 113 West Mountain - Fayetteville AR 72701 • Taeevle ARKANSAS Airport Pro--- -- Report TO: Fayetteville Executive Airport Board THRU: Ray M. Boudreaux, Director FROM: James Nicholson, Financial Coordinator DATE: November 8, 2012 Tower rations Cumulative MONTH 2008 2009 2010 2011 2012 MONTH 2006 2009 2010 2011 2012 JAN 2,180 2,492 1,932 1917 2,552 JAN 2,180 2,492 1932 1,917 2,552 FEB 2,629 2,902 2,214 1,320 2,138 FEB 4,809 5,394 4,146 3,237 4,690 MAR 2,333 2,807 2,418 2,818 2,161 MAR 7,142 8,201 6,560 6,055 6,851 APR 2747 2,629 2,775 2,254 2,763 APR 9,889 10,830 9339 8509 9,614 MAY 3 032 2,722 3,015 2 627 3,180 MAY 12,921 13,552 12354 10,936 12,794 7UH 2,727 2,878 2,531 2,859 3,195 JUN 15,648 16,428 14,885 13,795 15,989 JUL 3657 3100 2,895 20758 3,050 JUL 19,305 19,528 17.780 16,553 19,039 AUG 3,358 2,868 2,513 2,676 2,951 AUG 22,663 22,396 20,293 19,229 21,990 SEP 3,559 3,577 2,684 3,5034,664 SEP 26222 25,973 22,977 22,732 26,654 OCT 3 350 2 877 3125 2,998 3 320 OCT 29,572 28,650 26,102 25,730 30174 NOV 2,739 2,588 1,964 2,379 INOV 1 32,311 31,236 28,066 28,109 DEC 2,015 1,842 1,841 2,164 IDEC 1 34,326 33,078 29,907 30,273 IMonthlyAvg 1 2,8611 2,7571 2,492 1 21523 1 3,017 lAnnual Ch -6.73% -3.64% -9.59%1 1 .22%1 17.27% YE Estimate: 35,027 opnpho•u9am rpmppAnl -�+a -anou a4plo UW Mn *Nad0pre5aphr9mOl alaauErmlxAveua UM 4Wp u; 4m M 2 40 1,m0 *XM2S10 W =`oamp 1500,; Wum _ laasmsmrn' ra aw un rr as u eu1 am mmm ama ma ammamm Cwlyabm dlypoolNmtltOp -a -ATICuyAWdn C4lmt0fbttllel/3atllnpwbd ly ATCT -i s.nrc � TAIt i WoA Wn •yp e � s6A i a0 � M OA IOE yA p oa Ier Oe Y, ItlW bw' Y tl .eOMm leant NW blM4n b norm Ib os an FeWbler a. LAq 1pmle.os an Fe lll. b W1A L ,Yp IOm U n n a us, NINE 1 FBO Fuel Sales Cumulative MONTH 2008 2009 2010 2011 2012 MONTH 2008 2009 2010 2011 2012 JAN 41 ,058 36,062 35,528 35,936 27,865 JAN F35 36,062 35,528 35,936 27,865 FEB 50,320 43497 35,466 20,909 29,824 FEB 79,559 70,994 56845 57,689 MAR 39,089 46,608 41,809 37,333 28,827 MAR 126,167 112,603 94,178 86,516 APR 41,265 31,705 30,763 27,611 27,085 APR 157,872 143,566 121,789 113,601 MAY 37,587 33,136 31,018 26,206 29,481 MAY 191,008 174,584 147,995 143,082 JUN 30,837 28,218 27,218 31,677 32,961 JUN 219,226 201 ,800 179672 1761043 JUL 32,114 26,021 26,628 23,892 28,068 JUL 245,247 228,428 203,564 204,111 AUG 35,827 25,018 25,011 23,585 31,835 AUG 270,265 253,439 227,149 235,946 SEP 47,059 39,025 39,845 31,878 44,937 SEP 309,290 293,284 259,028 280,883 OCT 52,329 44,578 48,581 28,676 32,537 OCT 401,485 353,668 341,865 288,704 313,420 NOV 1 37,892 1 30,4691 33,716 1 32503 1 INOV 1 445,3771 384,3371 375,583 1 321,307 DEC 1 30,143 1 28,732 1 24,470 1 23,103 1 IDEC 1 475,520 1 413,0691 400,053 1 344,410 IMonthlyAvg 1 39,627 1 34,4221 33,338 1 28,701 1 31,342 lAnnual Ch -5.99% -13.13% -3.15% -13.91%1 8.567% YE Estimate: 367,582 FW tib•RBmCI COaP7h1111 -a114Q -2NI7 21Me FRSAlE1 Q1MtVE1QalAYBP(E ftt Amp AOaul Capboo 19 9100m-4M1 �` al 6.Q0 997 e tl1G9 L79 4AQ 6 �, EAIO ypp�9p.-9A v 4 - : 799W ID➢a a : 2w to a sx a � 2D NOW QG AN FEB MR APR MY AN U AIG SP 0 21➢M MM41 2aa AM48 SGBT 2A7-0! 31610 22e10 Sell NK12 eMa Ixkl: Rr.Q7 TmM: Fwl Ww by Cwm,nF.TVP - Ywr ftb I A A Po M PYFI2FIM - eaACYYY 25 _ m i1>m . IWA 10 _ f S Q F wn. r nl` bl4M +l hArw N. b Y41Ybx1 r r ry,rw O b�f � +• f! » ." I60df� .� l tlO ✓ 9 ♦ BP' d�O II I� n 4014 Cumulative Avg Fuel Be" by Percent of Type Peel Bolo*/y Month 2012 7rreAANr.A:tusx so ow Aln, 15A1x J AP Elw _ m InBNNrIWIJ, BAB®Jn,11.Ax i1% p 6A8®1PaJ, T]% AN M W$t AM MY .AAI M ARA 8SP OLT hCV [S. ,r Local Fuel Prices : Fuel prices within 50 miles of FYV as of 11 /7/12 Ident FBO Name Jet FS 10OLL FS 10OLL SS 91 MoGas A $ Jet IML4A $ Imss MH City of Tahlequah both selfsery 4.99 5.50 NC NC SLG City of Siloam S rin s 5.50 5.89 5.39 NC NC NC FSM TAC Air 5.91 6.54 6.00 0.26 0.15 0.14 VBT Summit Avietion 6.10 6.09 5.95 NC NC NC XNA Regional Jet Center 6.15 6.64 0.10 NC ASG Pinnacle Air Services 6.15 6.20 5.65 NC NC 0.10 ROG Beaver Lake Aviation 6.16 6.30 NC NC FW Million Air Fayetteville / Ci SS 6.64 6.82 5.95 4.22 0.18 NC NC Fuel Prices : National November 2012 Source: GlobalAlr.com Aviation Fuel' Current US Fuel Prices Current Fuel Prices & Averages by Region q NorthNo west Mountain " ,rEngland - _ - GroatLakes f Q IBMEastern riihal Western.11ahc° Ir SouthomN Southwest ®�I�O 5. 5 , 4 4 . , E301�0 Alaska § 4 . ga ONIMM 0 Ta7eVi ARKANSAS FAYETTEVILLE EXECUTIVE AIRPORT OPERATING SUMMARY MONTH ENDING 10131/2012 AIRPORT BOARD OPERATING ACTIVITIES 2010 2011 2011 2012 2012 2012 Actual Budget Actual Budget Budget YTD Actual YTD REVENUE Rents 8 Leases 448,383 452,900 444,147 440.900 367,417 382,959 Aviation Fuel 128,208 117,900 114,865 119.500 99.583 139,964 Contract FBO 110,764 110,500 83,815 70.900 59,083 60,280 Miscellaneous 14,745 7,100 11,869 11,900 9,917 8,456 Operational Transfers - FEMA Reimbursement - - 15,857 - - NON-OPERATING INCOME Sales Tait Revenue 27,110 24,200 29,733 26,000 21,667 15,666 No Op Miscellaneous - - (100) - - - INCOME RECEIVED FROM OPERATING ACTIVITIES 729,210 712.600 700,187 669,200 557,667 607,326 EXPENSES Perscrvlel 315,079 329,849 331,465 341,673 279,005 259,836 Materials 8 Supplies 12.335 17,741 12,990 22,545 18.788 17,895 Aviation Fuel Purchases 76,631 75,810 81,584 90,328 75.273 89,491 Services B Charges 185,161 234,128 200.230 231,896 193,247 182,905 Cast Allocation to General Fund 7.915 7,915 7,915 7,915 6.596 6,597 Maintenance 36.335 55,123 48,137 64,490 53,742 42,117 Interest on West GA Harrigan; Loan (accrued monthly) 30,333 16,800 13,237 6,328 5.274 5,274 INCOME USED FOR OPERATING ACTIVITIES 663,791 737,366 695,557 765,175 631.924 604,116 NET INCOME FROM OPERATING ACTIVITIES - GAIN / (LOSS) 65,419 (24,766) 4,629 (95,975) (74,257) 3,210 INVESTING ACTIVITIES 2010 2011 2011 2012 2012 2012 Actual Budget Actual Budget Budget YTD Actual YTD NON-OPERATING INCOME Interest on lmestmerrs 17,595 12,000 5,098 7,800 6,500 3,076 Other - Gaul (Loss) on sale of assets 1,786 - - - - - CAPITAL IMPROVEMENTS EXPENSE 07039 AIP 037 Correct Rumvay 16 Safety Area Deficiency Phase II 6,907 - - - - 07039 AIP NW Correct Runvray 16 Safety Area Deficiency Phase III 2,772,052 491,901 391,775 - - 10022 AIP #39 Wildlife Hazard Assessment 24,904 33,205 33,205 - ' - 10028 Airport Fuel Fame Repair 20,119 - (512) - - 11017 Airport Security Improvements - 179.788 128.693 51,095 051,078 11019 Airport Stonnwater Protection Plan Update - 2,500 2,500 - 11023 AIP #40 Pavement Rehab 8 Re-Marking - 252,102 252,069 - 12002 Hangar Rehab - 4248 S School - - - 263.250 262,623 12011 Executive Hangar Office Addition 32,504 '° 25,930 12012 AIP #41 Pavement Rehab & Re-Marking Phase II - - - 147,252 117,176 USED FOR INVESTING ACTIVITIES 2,(504,600 947,496 802,631 486,301 453,731 FINANCING ACTIVITIES 2010 2011 2011 2012 2012 2012 Actual Budget Achal Budget Budget YTD Actual YTD LOANS Payments on Loan Principal (accrued) 46,667 37,334 28,030 15,530 12,941 12.941 Ore-time Paydown on Hangar Loan 305,626 - GRANTSSTATE / FEDERAL Due/Reoeived from State Grants on Fed Projects - 206,154 195,779 34,417 27,156 DuafRecelved from AIP #38 Correct RW76 RSA Phase III 2,633,449 272,238 372,186 - - Due/Received from AIP #39 Wildlife Hazard Assessment 23.741 31,463 51,343 - ° - Due/Received from Dept Aero - Fuel Farm Repair 19.027 - - - c - Due/Received from Dept AW0 - Airport Security Improvements - 144,000 - 144,000 0 163.816 Due/Received from AIP #40 Pavement Rehab 8 Re-marking - 239,497 239,465 - = - Due/Received from Dept Aero - 8020 Hangar Rehab - - - 210,600 m 210,098 Due/Received from AIP #41 Pavement Rehab 8 Re-rnarkulg Phase II - - - 105,741 I 104,828 Due/Received from Dept Aare - 8020 Executive Hangar Office Addition - - - - x - NET INCOME FROM FINANCING ACTIVITIES 2,629,550 856,018 525,118 479,228 472,957 AIRPORT CASH BALANCE 889,106 908,504 616,223 513,175 638,659 CURRENT ENCUMBRANCES (CAPITAL) MICE TASK ORDER #8 - Design Pavement Rehab II 18,000 - MCE TASK ORDER #9 - Pae. Specs, Prot Admin, Exec Hangar Office Addition 32,504 6,574 Contractor - Executive Hangar Office Addition (Bid date: 10/11/12) - LONG TERM LIABILITIES Hangar Loan Principal 217,416 204.475 APPROVED GRANTS (Not yet accrued) - CAPITAL PROJECTS Slate Grants on Federal Projects - AIP 41 - Pavement Rehab 8 Re-marking Phase II - State Grant - Exec Hangar Office Addition (In Development) - AIRPORT CASH MINUS LIABILITIES ' ' . " 1 1 . . . ' r , ' 245,255 CYE . 427,610 - ; . a Y 0a U O O U d c -= 0 w w o E u L) d d W .L U a l6 C U 0 O 'D V O Y d a a a � a U U 0 O Co. _ N m m c0) m ,c = co o � o c - c 'o 0 O � m y O O U N y O. y N N c 0 = 0 `m a r a N d 3 > 0 0 0 d H1 0 0 Ly 0 Y a Y a N O N U U U — — >N_ 0 (/1 N co U N C > > 7 mo « (0 C a a c c U � m m 'Fdda V (DI in 4) 1 0 0 w m 0 a O O O O � � � O h LO O h o) V y (o 0o m co Co O r� K V N a cei vi 0 rn 0 o o o o o O O O O to m J QO LO m 0)N _ Q Q 00 J rn O f0 ~ N O O O O 0 0 0 CD 0 Qc00 0) 00) m c00 T c00 m U) r r M O V- t0 r H M U N a O m ky N Q w °ter° F- E w ao Ur� rnZ y > Z mw LL U' OQmLLF- D J U d > W Z J w X j J E rww c 0 0 w Jm U a� w a r a r¢ jU m 3Q a°) L '- LLw � ? U y z 0C9 N O L d CX a N U 0 0 J wU � E v E > coy = F- ULLI ¢ z co C) m _ � YacOn Wells Fargo Advisors, LLC 217 East Dickson Street, Suite 101 M M Fayetteville, AR 72701 Tel: 479-521-2200 Fax: 479-5210855 Toll Free: 800-521-5762 November 2, 2012 City of Fayetteville Mr. Ray Boudreaux Airport Board members rboudreaux@,ci.fayetteville.ar.us Dear Ray and Airport Board: For personal reasons, I am tendering my resignation from Fayetteville Executive Airport Board effective December 31 , 2012. I have SO enjoyed my board participation and working with Ray, Lou, James, and all the Board members. The City is fortunate to have such good leaders and staff running our wonderful airport. But all good things end and its time for me to resign. Please keep in touch and let me know if I can ever help you in any way. Sincerely, Janice Stanesic Together we'll go far Member FINRkSIPC . 4I _ .. ..._ _ - _