October 1, 2017 Homeowners’ Annual Meeting and Picnic

FAHA Homeowners’ Annual Meeting and Picnic

October 1, 2017

Eversole’s Hangar

The meeting was called to order by Jeff Miller at 4:25 PM.omeownersHhH  The main attraction of today’s meeting was to be a Power Point update by John Tomlinson (enclosed as an attachment).

 

Taxiway Meeting Highlights:  From first meeting on taxiway “A” it became apparent that homeowners want “equal ownership” model of airport ownership.  Taxiway “Delta” had 100% attendance in their meeting and telephone briefings were given to most members unable to attend.  Jeff thanked everyone for attending but included a special thank you for the hosts from each taxiway:  Verla Mellema,”A”;  Keith & Ginelle Hendrickson, ”B”; Bill & Diane Davis “C”;  Janet Gundlach, “D”; Doris Thompson, “E”, Bill & Katie Swickard, “F”; Jeff Miller, “G”; John & Leone Tomlinson, “H”; Dick & Robbi Broussard “I” Mike & Charlene McGahan, “J”; Drew Anderson & Shawn Selander “East”.  Meetings were overwhelmingly positive and shared numerous ideas and concerns going forward toward airport ownership.

 

Oliveira CPA:  Rick and Linda Oliveira in the past were accountants for the airport and they are currently accountants for FAHA regarding our annual income tax statements.  Two meetings took place this summer with the board.  Their recommendation, which the board agreed unanimously, is to own and operate the airport with the corporate form of a Limited Liability Corporation (LLC) submitting annual tax statements as a C-Corp.

 

HIP Lawyers (Hanis,Irvine,Prothero):  We have had one formal meeting with Pat Hanis (specialty in LLC and small business incorporation) and Greg Cromwell (specialty in HOA formation and governance).  The next communications will focus with Pat Hanis on developing articles of incorporation for an LLC that we can bring back to the membership for review and eventual approval.  Greg Cromwell’s piece will follow after we have at least a tentative shape to the incorporation that can own and operate the airport.

 

New Business:  Election of Board Members.  Jeff explained that having served a number of years on the board and other obligations, Jerry Paterson and D. Wysong will be retiring from the Board.  Bios of four candidates (2 new and 2 previously serving) had been sent out to all homeowners last week in an email:  John Tomlinson (current FAHA VP), Drew Anderson (current FAHA Board), Andy Karmy, and Keith Hendrickson.

 

Theresa White asked for a clarification of the need for 4 candidates when only two are leaving.  Answer; 2 going off, 2 staying for reelection, therefore 4 candidates.  She also wanted to know how homeowners could be informed when Board meetings would be held.  It was explained that although Board meetings are open to any who wish to attend, meetings are held in Board member homes so space is limited. Another concern of hers had to do with representation of homeowners on the Board.  “How do we voice our concerns?” The Board is hoping that the FAHA website will be a good future outlet for conversations between Board and homeowners but please call Jeff Miller or any board member for information.

Jeff Miller invited any additional names to be added to the slate from the floor.  Having no additional names from the floor:

 

Motion

Proposed by:       Eric Eversole

Seconded by:      Mike McGahan

Motion made:    To Close and Approve the slate of 4 Candidates

Approved:             Yes

 

Jeff Miller gave thanks to both Jerry Paterson and D. Wysong for many years of service on the FAHA Board.

 

Congratulations was given to Brad Hernke and Mary who are very newly married.

 

The meeting was handed over to John Tomlinson, who gave a Power Point Presentation on Airport Purchase.  Our focus is on two points: (1) to have enough financing to buy the airport and (2) to develop an organization capable of collecting funds and possessing the authority to execute the purchase.  John pointed out that all financial numbers are only estimates, since there are so many unknowns.

 

Norm Grier has passed away and many rumors have circulated regarding Rikki’s thoughts about selling the airport.  Rumors represent risks that should be considered in light of their probability of occurring and impact on a purchase. Although there has been much speculation on “what ifs”, we need to remember that the “Settlement” is our guiding document.  Our steps to purchase the airport are legally defined and we intend to comply with the timeline.  Whether the airport comes up for sale in 2025 or sometime sooner.

 

Theresa White asked if it might be advantageous to have an appraisal done now so we could have a better idea of the purchase price.  Answer:  Without income and expense data from Crest Airport, we couldn’t have an accurate determination of the value of the Airport. An appraisal is costly and of dubious value if it is years out of date at the time of airport purchase.

 

John pointed out the three main steps in the timeline.  If we choose not to exercise the purchase option when the airport is eventually offered, we lose our settlement rights to purchase at a later time.

 

The Board will be soliciting homeowner input regarding new/revised FAHA By-Laws (probably short focused email questionaires).

 

Eric Eversole requested that we give proper respect to Rikki and her work maintaining Crest Airport.  We enjoy a wonderful airport.

 

Please don’t drive on the taxiway, even though the east side roads have some issues.

 

On September 20th a drone was shadowing an airplane during take-off.  This is inappropriate, so please talk to any operators to express our safety concerns or call Rikki Birge or any Board member.

 

The meeting was adjourned to the buffet line.

 

Board Members present:

Jeff Miller (2012), President (tel. 253-639-1915)

John Tomlinson (2013), VP

Robbi Broussard (2012), Sect

Janet Gundlach (even year), Treas.

Doug Matuska    (2012)

Drew Anderson (2015)

Molly Littlefield (2012)

D  Wysong (2013)

Jerry Paterson (odd year)

General Members present:  95 adults with 12 to 14 kids to teenagers.  52 lots represented(45%of total).

 

Respectfully Submitted,

 

Robbi Broussard

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