Minutes – March 21, 2013

The regular Board Meeting was held in the Airport Authority Board Room, Airport Terminal Building, Lincoln Airport, Lincoln, Nebraska. Notice was given in the Journal-Star. Board Members present: Walt Zink, Nick Cusick, Richard Nuernberger, John Hoppe and Anna Wishart. Also present were:

John Wood, LAA
Bob McNally, LAA
April McDaniel, LAA
Bob Ziemer, LAA
John Large, LAA
Amber Coufal, LAA
Bill Austin, Attorney at Law
Josh Meyer, Kutak Rock (Bond Counsel)
Wes Bradish, RBC (Bond Underwriter)

Chairperson Zink called the meeting to order and stated a copy of the Open Meetings Act is available for public reference at the back of the Board Room.

Chairperson Zink asked for a motion to approve the Minutes of the February 28, 2013 meeting. It was moved by Cusick and seconded by Nuernberger to approve the Minutes of the February 28, 2013 meeting.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Aye.

Chairperson Zink asked for airline reports. No airline representatives were present at the meeting.

Chairperson Zink asked for a report from the Air Service Committee and John Wood stated that passenger levels were down and we continue to see delays and cancelations caused by the weather. Discussion followed.

Mr. Wood briefed the Board on Agenda Item #4 Lincoln Air Park Development Board Report. Mr. Wood stated that the Board met two weeks ago and reviewed the finalists for the Marketing / Real-estate of Industrial Properties. Discussion followed.

Ms. McDaniel briefed the Board on Agenda Item #5. It was moved by Cusick and seconded by Nuernberger to authorize staff to investigate the availability of credit ratings from nationally recognized rating agencies for future issuance of Airport Authority Bonds. Discussion followed.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Aye.

Ms. McDaniel briefed the Board on Agenda Item #6. It was moved by Hoppe and seconded by Cusick to approve Resolution No. 570 authorizing the transfer of funds in an amount not to exceed $2 Million dollars ($2,000,000) from the Insurance Fund No. 1 to the Capital Improvement Fund. Discussion followed.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Aye.

Ms. McDaniel briefed the Board on Agenda Item #7. It was moved by Hoppe and seconded by Nuernberger that the Board approve Resolution No. 571 declaring the intent of the Airport Authority to reimburse expenditures related to the installation of certain infrastructure improvements and utility extensions in Lincoln Air Park West and the construction of a manufacturing building for Industrial Acoustics Company, Inc. from the proceeds of future tax-exempt obligations. Discussion followed.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Abstain.

Ms. McDaniel briefed the Board on Agenda Item #8. It was moved by Hoppe and seconded by Nuernberger that the Board approve Resolution No. 572 authorizing the early redemption of Subordinate Airport Bonds, Series 2007 A&B, and Airport Bonds, Series 2009 A&B. Discussion followed.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Aye.

Ms. McDaniel briefed the Board on Agenda Item #9. It was moved by Hoppe and seconded by Nuernberger that the Board approve Resolution No 573 authorizing the issuance of Airport Bonds Series 2013 in one or more Series in an aggregate principal amount not to exceed $33,000,000; and rescinding Resolution No. 568 passed January 24, 2013 that authorized the issuance of Airport Bonds, Series 2013A ($6,500,000). Discussion followed.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Abstain.

Mr. Wood briefed the Board on Agenda Item # 10. It was moved by Cusick and seconded by Nuernberger to approve Commercial Net Building and Ground Lease with Lincoln – Lancaster County Emergency Management, d/b/a Southeast PTE Region for Building No. 2098 in Lincoln Air Park West. The leased property would be used to store County emergency equipment. Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Aye.

Mr. Austin briefed the Board on Agenda Item # 11. It was moved by Nuernberger and seconded by Cusick to approve “Consent to assignment of Lease and Deed of Trust” for Duncan Aviation upon final completion. Discussion followed.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Aye.

Mr. Wood briefed the Board on Agenda Item # 12. It was moved by Cusick and seconded by Hoppe to approve Concession Agreement with Enterprise Rent-A-Car Midwest; LLC d/b/a Enterprise Rent-A-Car for Automobile Rental Concession. This Agreement contains an increase in the rental rate for car spaces in the parking garage as well as a slight adjustment in terminal rent. Discussion followed.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Aye.

Mr. Wood briefed the Board on Agenda Item # 13. It was moved by Cusick and seconded by Wishart to approve Concession Agreement with Easy Car Rental Company of Lincoln d/b/a Budget Rent A Car for Automobile Rental Concession. This Agreement contains an increase in the rental rate for car spaces in the parking garage as well as a slight adjustment in terminal rent.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Aye.

Mr. Wood briefed the Board on Agenda Item # 14. It was moved by Wishart and seconded by Nuernberger to approve Concession Agreement with Avis Rent A Car System, LLC for Automobile Rental Concession. This Agreement contains an increase in the rental rate for car spaces in the parking garage as well as a slight adjustment in terminal rent.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Aye.

Mr. Wood briefed the Board on Agenda Item # 15. It was moved by Nuernberger and seconded by Hoppe to approve Concession Agreement with Enterprise Rent-A-Car Midwest; LLC d/b/a Alamo Rent A Car and National Car Rental for Automobile Rental Concession. This Agreement contains an increase in the rental rate for car spaces in the parking garage as well as a slight adjustment in terminal rent.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Aye.

Mr. Wood briefed the Board on Agenda Item # 16. It was moved by Nuernberger and seconded by Hoppe to approve Concession Agreement with Hertz for Automobile Rental Concession. This Agreement contains an increase in the rental rate for car spaces in the parking garage as well as a slight adjustment in terminal rent.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Aye.

Agenda Item #17 was tabled.

Ms. McDaniel briefed the Board on the February 2013 Treasurer’s and Financial Reports. Discussion followed. The Board accepted the reports.

It was moved by Cusick and seconded by Nuernberger that the Board take a short recess.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Aye.

It was moved by Wishart and seconded by Cusick to go back to regular meeting.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye, Zink, Aye.

A motion was made by Wishart and seconded by Hoppe to go into Executive Session to Discuss Status of Negotiations with Prospective Tenants.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye.

A motion was made by Cusick and seconded by Wishart to come out of Executive Session.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye.

There being no further business to come before the Board, it was moved by Cusick and seconded by Wishart that the meeting be adjourned.
Vote: Cusick, Aye, Hoppe, Aye, Nuernberger, Aye, Wishart, Aye.

Respectfully submitted,

______________________________
Richard Nuernberger, Secretary