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HomeMy WebLinkAbout1979-04-13 Minutes36 MINUTES OF A SPECIAL MEETING OF THE BOARD OF DIRECTORS The Board of Directors of the City of Fayetteville, Arkansas, met in special session on April 13, 1979, at 2:00 P.M., in the Directors Room, City Admini- stration Building, Fayetteville, Arkansas. PRESENT: Mayor David Malone, Directors Ann Henry, Ernest Lancaster, Richard Osborne, Paul Noland, and Phil Colwell, City Manager Don Grimes, City Attorney Jim McCord, City Clerk Angie Medlock, and Administrative Assistant David McWethy. ABSENT: Director John Todd. OTHERS PRESENT: Members of the audience and representatives of the news media. CALL TO ORDER 36.1 The Mayor called the meeting to order and following roll call, asked for consideration of the'first item of business. TERMINAL BUILDING - Bond Issue 36.2 The City Manager explained that the proposed ordinance would be presented to the Board at the April 17 meeting and asked the Board to consider entering into a sales agreement with Paine, Webber, Jackson & Curtis for the sale of $600,000 in airport revenue bonds. Mr. Grimes introduced Mr. Harold McEnroe, with First Southwest, who presented a $12,000 good faith check for the bonds to the Mayor, from Paine, Webber, Jackson & Curtis. McEnroe said he had discussed the arrangements set out in a letter from Paine, Webber, Jackson, & Curtis with Bill Patton, bond counsel, who said he would incorporate the arrangements into the bid. He said the bidder does find it acceptable that the ordinance will not be passed until the April 17 meeting, if they can get a signed copy of the sales contract approved at this meeting. 36.3 Mr. McEnroe said he feels the City has a good interest rate considering the bonds are not rated, and that there have been several bond issues on the market recently. He further stated that it is Boyd London's recommendation that they approve the sales contract. McEnroe also pointed out that the agree- ment will allow an additional $150,000 in bonds to be issued, if needed. 36.4 The Mayor noted also that local lenders had been given an opportunity to buy the bonds. 36.5 There being no further discussion, Director Henry moved the mayor and city clerk be authorized to enter into a sales agreement with Paine, Webber, Jackson & Curtis for the purchase of the airport revenue bonds. Director Colwell seconded the motion. The recorded vote was: Ayes: Henry, Lancaster, Noland, Osborne, Malone, Colwell. Nays: None. Absent: Todd. The mayor declared the motion passed. RESOLUTION NO. 28-79 APPEARS ON PAGE 96 OF ORDINANCE AND RESOLUTION BOOK VII. GRANT AGREEMENT AMENDMENTS & EXECUTION OF GRANT 10 36.6 The proposed resolution would authorize the Mayor and City Clerk to execute amendments to FAA grant agreements 06, 07, and 09, and other related documents pertaining to funding of the new airport terminal building and related facilities, and would authorize execution of grant agreement 10. 36.6 City Manager Don Grimes stated that a delegation from the City had met with representatives from FAA. He explained that Grant Agreement 10 is for a relatively small dollar amount but they can ask for a larger dollar amount after October 1. He said also that they can go ahead and spend into that money 1 4-13-79 3'7 if needed. Grimes said the FAA representatives have indicated there is $515,804 available but they can only approve $39,853 at this time (the balance of the 1979 37.1 fund) and any money spent in excess of this would come out of the 1980 allocation. Mayor Malone pointed out that grants 06, 07, and 09 had already been approved, but after bids came in, the amounts of these grants were increased. Malone asked if they needed additional money, would it be available and Grimes explained, as he understands it, they could run over into the 1980 and 1981 budgets. Director Henry moved the mayor and city clerk be authorized to execute 37.2 amendments to grant agreements 06, 07, and 09, and to execute grant agreement 10. Director Noland seconded the motion. The recorded vote was: Ayes: Henry, Lancaster, Noland, Osborne, Malone, Colwell. Nays: None. Absent: Todd. Q) The mayor declared the motion passed. CORESOLUTION N0.29-79 APPEARS ON PAGE '99 OF ORDINANCE AND RESOLUTION BOOK VII. AIRPORT CONSTRUCTION CONTRACTS Q City Manager Grimes said the proposed resolution would authorize the mayor 37.3 Q and city clerk to execute contracts with McClinton -Anchor Construction Company ($469,531.93) and Jerry D. Sweetser, Inc. ($435,660.95) for construction of roads, aircraft parking aprons, lighting fixtures and other facilities related to the new airport terminal building at Drake Field, both contracts subject to FAA con- currence. Grimes explained that Anchor had bid one portion of the work and Sweetser had 37.4 bid the other portion. Mayor Malone asked if they had deducted the portion the City is going to do and Grimes said they had. He noted, however, that the engineer would do the staking and engineering for the paving which the City is going to do, and explained that on some portions they may have to go back to the contractors for certain things. Director Lancaster, seconded by Henry, moved the resolution be approved. The 37.5 recorded vote was: Ayes: Henry, Lancaster, Noland, Osborne, Malone, Colwell. Nays: None. Absent: Todd. The mayor declared the motion passed. RESOLUTION NO.30-79 APPEARS ON PAGE 110 OF ORDINANCE AND RESOLUTION BOOK VII. SCHEDULED SKYWAYS CONTRACT REVISION The City Manager explained that the present contract with Skyways is entering the fifth year of the five-year contract and the proposed revised contract would bring the City into compliance with FAA and the Frontier contract section requiring equal treatment of all carriers. Grimes said the agreement incorporates landing fees, terminal rent, etc. and would be the same amount as those in the Frontier contract. The Mayor stated that he appreciates Skyways' working with the City in renegotiating the lease Director Henry, seconded by Lancaster, moved the resolution be approved. The recorded vote was: Ayes: Henry, Lancaster, Noland, Osborne, Malone, Colwell. Nays: None. Absent: Todd. The mayor declared the motion passed. RESOLUTION NO.31-79 APPEARS ON PAGE 117 OF ORDINANCE AND RESOLUTION BOOK VII. 37.6 37.7 37.8 QTJIER BUSINESS ;j j The City Attorney distributed a proposed ordinance for the Board's consideration at the April 17 meeting. The meeting adjourned at 2:20 P.M. 1 1 1