Minutes – October 22, 2015

AIRPORT AUTHORITY CITY OF LINCOLN
Meeting October 22, 2015

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: Richard Nuernberger, Jim Lauerman, Nick Cusick, John Hoppe and Anna Wishart.  Also present were:

 

David Haring, LAA Darrin Jameson, LAA
Bob McNally, LAA  Bill Austin, Legal Counsel
Jon Large, LAA Connie Belt, Standard Parking
April McDaniel, LAA  Deb Welch, Standard Parking
Bob Ziemer, LAA Drew Page, Kutak Rock
Amber Coufal, LAA Nicole Fleck-Tooze, Lincoln Parks and Rec.

 

Chairperson Wishart 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 Wishart asked for a motion to approve the Minutes of the September 2015 meeting.  It was moved by Cusick and seconded by Nuernberger to approve the Minutes of the September 2015 meeting.

On roll call vote, Aye: Cusick, Nuernberger, Lauerman, Wishart, Hoppe; Nays: None.

Chairperson Wishart asked for airline reports.  No airlines were in attendance.

Chairperson Wishart asked for a report from the Air Service Committee.  Mr. Haring stated that enplanements continue to remain consistent with an overall increase of 16% through September, putting the Airport on pace to eclipse 300,000 total passengers (in and out) for the first time in approximately 8 years.  After a disappointing August for the Atlanta service where load factor dipped to 67%, September saw a 10% rebound to 77%.  Overall, all markets maintained a load factor in the mid 80s.  While international fares continue to compare very favorably to Omaha, domestic fares have slipped recently with only about 50% of fares to the top 25 markets being within $100 of Omaha.

Mr. Haring introduced Drew Page with Kutak Rock to the Board. Mr. Page briefed the Board on Agenda Item #4. It was moved by Cusick and seconded by Nuernberger to Approve Resolution No. 606 authorizing the issuance, sale and delivery by the Authority of its Airport Bonds, Series 2015 in an aggregate principal amount not to exceed $31,000,000.00 and repealing Resolution No. 602, which previously authorized the issuance of Airport Bonds in an amount not to exceed. Discussion followed.

On roll call vote, Aye: Cusick, Nuernberger, Lauerman, Wishart, Hoppe; Nays: None.

Nicole Fleck-Tooze with Lincoln Parks and Rec. was on hand to both provide an update on the Entryway Corridor project along with provide some details on the Donor Recognition Ceremony to be held at the Airport the following week.

Mr. Haring briefed the Board on Agenda Item #6. It was moved by Nuernberger and seconded by Lauerman to approve Supplemental Agreement No. 1 with Nebraska Air National Guard.

On roll call vote, Aye: Cusick, Nuernberger, Lauerman, Wishart, Hoppe; Nays: None.

Mr. Haring briefed the Board on Agenda Item #7. It was moved by Lauerman and seconded by Nuernberger to approve an Environmental Covenant over a portion of the airfield to allow an out of service LES electrical line to be abandoned in place, and authorizing the Chairman to execute the same on behalf of the Authority. Discussion Followed.

On roll call vote, Aye: Cusick, Nuernberger, Lauerman, Wishart, Hoppe; Nays: None.

Ms. McDaniel briefed the Board on Agenda Item #8. It was moved by Hoppe and seconded by Cusick to approve Resolution No. 603; authorizing the temporary transfer of funds in an amount not to exceed Two Million Dollars ($2,000,000.00) from Insurance Fund No. 1 to the Capital Improvement Fund to make payments on current projects until bond proceeds are received from the issuance and sale of Airport Bond Series 2015.

On roll call vote, Aye: Cusick, Nuernberger, Lauerman, Wishart, Hoppe; Nays: None.

Ms. McDaniel briefed the Board on Agenda Item #9. It was moved by Cusick and seconded by Nuernberger to approve Resolution No. 604; authorizing the use of prepaid rent to pay a portion of the 2015 BANs and authorizing the temporary transfer of funds in an amount not to exceed Two Million Five Hundred Thousand Dollars ($2,500,000.00) from Insurance Fund No. 1 to the Capital Improvement Fund for use in paying off the BANs until receipt of the prepaid rent from the State. Discussion followed.

On roll call vote, Aye: Cusick, Nuernberger, Lauerman, Wishart, Hoppe; Nays: None.

Ms. McDaniel briefed the Board on Agenda Item #10. It was moved by Lauerman and seconded by Nuernberger to approve Resolution No. 605; approving amendments to the Amended and Restated Lincoln Airport Authority Retirement Plan and Trust, and authorizing determination letter submission.

On roll call vote, Aye: Cusick, Nuernberger, Lauerman, Wishart, Hoppe; Nays: None.

Mr. McNally briefed the Board on Agenda Item #11. It was moved by Hoppe and seconded by Cusick to award proposal for installation of parking and revenue control system equipment to Standard Parking. Discussion followed.

On roll call vote, Aye: Cusick, Nuernberger, Lauerman, Wishart, Hoppe; Nays: None.

Mr. McNally briefed the Board on Agenda Item #12. It was moved by Lauerman and seconded by Nuernberger to approve installation of PARCS equipment infrastructure by WPS. Discussion followed.

On roll call vote, Aye: Cusick, Nuernberger, Lauerman, Wishart, Hoppe; Nays: None.

Mr. Large briefed the Board on Agenda Item #13. It was moved by Nuernberger and Seconded by Cusick to approve a contract with Alfred Benesch and Company.

On roll call vote, Aye: Cusick, Nuernberger, Lauerman, Wishart, Hoppe; Nays: None.

Ms. McDaniel briefed the Board on Agenda Item #14. It was moved by Cusick and seconded by Nuernberger to approve Resolution No. 607; approving the 2016 Terminal and Landing Field Rates and Charges.

Discussion followed.

On roll call vote, Aye: Cusick, Nuernberger, Lauerman, Wishart, Hoppe; Nays: None.

It was moved by Nuernberger and seconded by Cusick to go into executive session to discuss tenant issues at 12:50.

On roll call vote, Aye: Cusick, Nuernberger, Lauerman, Wishart, Hoppe; Nays: None.

It was moved by Hoppe and seconded by Nuernberger to go out of executive session at 1:12.

On roll call vote, Aye: Cusick, Nuernberger, Lauerman, Wishart, Hoppe; Nays: None.

There being no further business to come before the Board, it was moved by Hoppe and seconded by Nuernberger that the meeting be adjourned.
On roll call vote, Aye: Cusick, Nuernberger, Lauerman, Wishart, Hoppe; Nays: None.

Respectfully submitted,

______________________________

Jim Lauerman, Secretary