September 8, 2020 Board Meeting Minutes

The meeting was brought to order at 7:16 by Jeff Miller, via  Zoom, hosted by Andy Karmy.

Motion

  • Proposed by:     Mark Owens
  • Seconded by:     John Tomlinson
  • Motion made:   To accept the minutes of June 15, 2020.
  • Approved:          Yes, unanimous

Treasurers Report:  Janet reported that she is still waiting on a couple homeowner dues. No other activity.

FAHA Happenings:  Several homes have recently been sold:  Bartlett’s (to a couple of Alaska Airline pilots), Havasreti’s (to an East coast pilot family), and Fisher’s. All are aviation families.

Jeff shared an email from John Sheldon expressing concerns regarding an angry radio diatribe in the traffic pattern at Norman Grier Field. It is unknown whether the transmission came from a homeowner or transient pilot, but it was aimed at a helicopter doing training at Crest.  All of the board agreed that the behavior was rude and inappropriate as this is a “public use airport” that is open to helicopters as well as fixed wing aircraft.

The main agenda tonight is to discuss the annual Picnic and General Membership meeting , wihich normally occurs the end of September or first of October.  Because of Covid, our normal picnic and meeting is not possible.  At issue is voting for Board members.  One suggestion was to use Zoom for the general membership meeting, however, it was pointed out that getting 100+ members would be difficult when it was hard enough to get the nine Board members tuned in.  Another suggestion was to have Zoom on a webcast, not interactive, with only a few screens active.

Motion

  • Proposed by:     Keith Hendrickson
  • Seconded by:     John Tomlinson
  • Motion made:   To use Survey Monkey to conduct the vote for the 5 board members.
  • Approved:          Yes

The downside to not having the picnic is the inability to introduce new homeowners to our community.  Karen Wallace suggested that a Community Facebook Page might be a viable substitute.  John replied that not all folks like to use Facebook.  Another avenue could be “Next Door Crest”.

Board Member Elections:  Up for election in the “even year” are:  Mike Werner, Robbi Broussard, Rex MacLean, Janet Gundlach, and Jeff Miller.  Although four board members have consented to continue, Robbi has asked to step down this year.  When asked if she would be willing, Jo Wiggum has agreed to run for a position on the Board.  Jeff and Janet will work on a Newsletter/Email to inform homeowners of Board nomination bios, election process for this year, and any other pertinent information.

Documents Committee:  The Attorney had emphasized the need to create a document of risks, which the document committee has already begun drafting.  They hope to have a Participation Memorandum ready within a few weeks.

Motion

  • Proposed by:     John Tomlinson
  • Seconded by:     Keith Hendrickson
  • Motion made:   To adjourn at 8:25
  • Approved:          Yes

Respectfully submitted,

Robbi Broussard


11 in attendance through Zoom (hosted by Andy Karmy)

Board Members present:

  • Jeff Miller (2012), President                        Telephone 253-639-1915
  • John Tomlinson (2013), VP
  • Robbi Broussard (2012), Secretary
  • Mike Werner (2018)
  • Andy Karmy (2017)
  • Janet Gundlach (even year), Treasurer
  • Keith Hendrickson ((2017)
  • Mark Owens (2017)
  • Rex MacLean (2018)

Guests:

  • Karen Wallace
  • Jo Wiggum

June 15, 2020 Board Meeting Minutes

The meeting was brought to order at 7:10 by Jeff Miller, via Zoom, hosted by Andy Karmy.

Motion
Proposed by:     Janet Gundlach
Seconded by:     John Tomlinson
Motion made:   To accept the minutes of May 4, 2020.
Approved:          Yes, unanimous

Treasurers Report:  Janet reported that she has received a few more Homeowner dues, leaving outstanding dues from Rismon, Gregory, Mermis, and Skaggs.

FAHA Happenings:  New Additions to the Flying Acres Community:  Keith and Susan Reichow are renting out their house on Taxiway A.  Maureen Fallon and Jay Larrivee are new to Crest on Taxiway C and both are pilots.  Several homes are/will be up for sale.  McGahan’s house is currently listed for sale.  Future homes for sale include Bartletts, Bailey’s, Smithhart’s, Lee’s (maybe in 2024), and Poschwatta’s.  It was suggested that Andrea Chay and Theresa White start talking up Crest with the 99’s to encourage aviation friendly new neighbors when homes go on the market. Dan Cullman has purchased the lot from Jay Jones on taxiway J.

On June 10th, John Tomlinson and Mike Werner had an informational virtual meeting with the general manager of the Auburn Airport, Tim Mensonides.  The purpose of the meeting was to explore and report out areas of airport maintenance and other considerations from a professional airport manager. Notes from that meeting were emailed (6/15/2020) to Board members prior to tonight’s meeting and are included in these minutes.  John and Mike had asked Tim for a review of our documents and any suggestions regarding airport operations he might have for us.

Insurance:  It appears that the estimate John previously got from Brad Hernke is in the ballpark, being around $7500 annually, plus an additional $800 for fuel tank insurance.

Bookkeeping:  Auburn spends about 8 hrs/week to deal with rentals (they have a lot more transient rentals).  We might spend ¼ the time, so maybe 2 hrs/week would be sufficient.  So maybe 8 hrs/week for rentals, gas, and reporting.  Incidentally, Auburn has 90+ people on the wait list for hangars.

Grounds maintenance:  John got quotes for maintenance 3 times/year:  $7500 for mowing and $2000 for spraying.  Runway maintenance can be expensive but worth the investment.  If you spend $1, you can save $7 that it will cost to replace.  From the State’s perspective, when it is beyond repair, it means a huge liability.  First it must be ground down, then a new bed layed, then finish asphalt and paint. Bill Juranich has suggested that it is in the homeowners interest to reseal the runway at our own expense, even if Rikki  will not pay her half, so as to avoid the larger expense of replacement  Auburn budgets $25,000 for crack sealing (They have a contract in place for $16,000 to seal 10,000 lineal feet of cracks).  Washington State has funds available to some airports…can we get some if we pitch for emergency services? (Since we provide some emergency services.)

Tim Mensonides stated their profit on gas is $1.10 per gallon.  During March-May, Crest averaged 1500 gallons/pump/month.  The gas tanks at Crest used to be underground.  Sometime between 1993-1996 they were moved above ground in the same spot.

Tim volunteered Auburn Airport surplus lighting equipment to other airports but found home for only some of them. He is always trying to find a way to utilize surplus equipment elsewhere and would gladly share it with us if we successfully buy the airport.

Along with the other documents, the committee is working on an Airport evaluation to present to the homeowners a range of operational scenarios.

Motion
Proposed by:     Keith Hendrickson
Seconded by:     Mike Werner
Motion made:   To adjourn at 8:56
Approved:          Yes

Respectfully submitted,

Robbi Broussard


8 in attendance through Zoom (hosted by Andy Karmy)

Board Members present:

  • Jeff Miller (2012), President                        Telephone 253-639-1915
  • John Tomlinson (2013), VP
  • Robbi Broussard (2012), Secretary
  • Mike Werner (2018)
  • Andy Karmy (2017)
  • Janet Gundlach (even year)
  • Keith Hendrickson ((2017)
  • Board Members Absent:
  • Mark Owens (2017)
  • Rex MacLean (2018)

May 4, 2020 Board Meeting Minutes

The meeting was brought to order at 7:05 by Jeff Miller, in our first ever Zoom Board meeting.

Motion
Proposed by:     Mark Owens
Seconded by:     Rex MacLean
Motion made:   To accept the minutes of March 2, 2020.
Approved:          Yes, unanimous

Treasurers Report:  No report tonight, as Janet was absent.

Documents Committee: The committee became aware of a nationwide organization called SCORE.  Contact was made and mentoring sessions were scheduled within a short timeframe. Jeff and John met with:

1) Krista Fuller, a lead volunteer with the local Seattle chapter.  Krista previously worked for Starbucks and REI.  She effectively took in our story and gave two references (both retired) who would be able to mentor us concerning our purchase strategy and financial issues:

2) Bernard Bossum, a long-time real estate broker in the Seattle focused much attention to environmental assessment and remediation.  He placed significant emphasis on it suggesting we educate ourselves about the topic. Mr. Bossum suggests that we do not take possession of property that has not been remediated. There was emphasis that clean-up was the responsibility of the seller. We agree that this is how it should be, but it is unclear where the authority to impose the cost on Crest comes from. While our airport purchase contract does call out the requirement for an environmental assessment, it is not specific as to which party is liable for remediation. RCW 70.105D.040 says the owner or operator of a facility is liable.

3) Guy Towle, a real estate lawyer previously with Miller Nash Graham and Dunn, LLP, talked along the lines of corporate structure and purchase strategies.

The day following our conversation, Guy Towle suggested a contact with Duncan Butcher, an acting attorney in West Seattle who specializes in securities issues.  In a conversation on May 1, 2020 with Jeff and John, Duncan generously gave 1:15 of his time getting familiar with our airport purchase and talked about the various options if securities exemptions were desirable.

The Documents committee has been tasked to inquire with the securities lawyer, Duncan Butcher, about fees for services in the securities area of our airport purchase.

Jeff had an individual conversation with Michelle Webster, an attorney with Washington State Department of Financial Institutions (DFI) on April 15, 2020. Ms. Webster talked to the process of applying for exemptions regarding securities listing in the manor of “no-action letters”.  FAHA strategy would best be served with requesting an exemption at the state level before considering other strategies.

The Board wants to provide homeowners with a clear picture of risks regarding airport purchase, the limited income from the gas sales and hangar leases. John suggests a “Disclosure Memorandum” will be forth coming as a document identifying the expected operational costs with and without the airport incomes.  Mike Werner has agreed to help John Tomlinson to prepare “a reasonable model of the incomes and expenses for the airport as it is operated today” in an attempt to document a due diligence study. Mike suggested that we should separate the annual business expenses and revenue from the rest of the airport expenses so we can model different levels of revenue.  We agreed to looking at three levels of airport business activity: 1) revenue with all the hangars rented, 2) revenue with just the wood hangars rented under the assumption the metal hangars become uninhabitable, and 3) none of the hangars rented as a worst case scenario.

Motion
Proposed by:     John Tomlinson
Seconded by:     Mike Werner
Motion made:   To adjourn at 8:27
Approved:          Yes

Respectfully submitted,

Robbi Broussard


9 in attendance through Zoom (hosted by Andy Karmy)

Board Members present:

  • Jeff Miller (2012), President                        Telephone 253-639-1915
  • John Tomlinson (2013), VP
  • Robbi Broussard (2012), Secretary
  • Mike Werner (2018)
  • Rex MacLean (2018)
  • Mark Owens (2017)
  • Andy Karmy (2017)

 

Board Members Absent:

  • Janet Gundlach (even year)
  • Keith Hendrickson (2017)

 

Guests:

  • Theresa White
  • Leone Tomlinson

March 2, 2020 Board Meeting Minutes

The meeting was brought to order at 7:15 by Jeff Miller.

Robbi Broussard read the minutes of the last Board meeting on November 4, 2019.  A correction was made to the spelling of Mark Owens’ name.

Motion
Proposed by:     John Tomlinson
Seconded by:     Keith Hendrickson
Motion made:   To accept the minutes of November 4, 2019, as corrected.
Approved:          Yes, unanimous

Treasurers Report:  As Janet was absent (caring for Dick Burkhart), Jeff reported that the current airport assessment ($621.79 per lot) was being analyzed.  It was suggested that tax payers might be able to write off property taxes paid as part of the airport assessment.

Documents Committee:  John Tomlinson reminded us that back in October, Ledger Square Law had recommended preparing a Prospectus to outline the risk of airport ownership. Ledger Square Law recommended at that time a securities lawyer, Bob Hutchens. February 18, Bob Hutchens communicated through Ledger Square Law with a series of attachments including a Washington state definition of a security:

The Securities Act of Washington, RCW Chapter 21.20, defines a “security” as, among other things,  “any…investment of money or other consideration in the risk capital of a venture with the expectation of some valuable benefit to the investor where the investor does not receive the right to exercise practical and actual control over the managerial decisions of the venture…” RCW 21.20.005(17)(a).

By this definition a contract under which HOA homeowners contribute capital to finance the acquisition will be a security whether or not it is motivated by an expectation of investment “profit.”

Bob Hutchens fees set out in his “Engagement Letter” began with a $20,000 retainer with expectation of total fees between $40,000 to $60,000. This expectation of fees was more than expected and correspondence was forwarded through Ledger Square Law that we would not be able to use Bob Hutchens services.

Jeff Miller and John Tomlinson have a tentative meeting with Jeff Mirsepasey, an attorney familiar with aviation (Recommended by Bill Davis). We are looking for some guidance regarding LLC due diligence/    may have insights to our dilemma on the prospectus.

LLC Name:  a discussion ensued over the possible name for the LLC that would own the airport (Crest Aero is already taken).

Note:  The name can always be changed at a later time.

Motion
Proposed by:     Mark Owens
Seconded by:     Mike Werner
Motion made:   To name the LLC created for airport ownership, “Flying Acre Estates”.
Approved:          Passed

The Board also agreed that for the LLC Articles of Organization, Jeff would use his name, address, phone number, and FAHA website when appointing a registered agent.

The next Ledger Square Law meeting should finalize the Association agreement.  Another Board meeting will take place before completing the LLC documents.

Motion
Proposed by:     Keith Hendrickson
Seconded by:     Rex MacLean
Motion made:   To adjourn at 8:25
Approved:          Yes

Respectfully submitted,

Robbi Broussard


13 in attendance at Broussard’s Home

Board Members present:
Jeff Miller (2012), President                        Telephone 253-639-1915
John Tomlinson (2013), VP
Robbi Broussard (2012), Secretary
Mike Werner (2018)
Rex MacLean (2018)
Mark Owens (2017)
Keith Hendrickson (2017)

Board Members Absent:
Janet Gundlach (even year)
Andy Karmy (2017)

Guests:
Dick Broussard
Lynne Gregg
Theresa White
Leone Tomlinson
Keith Littlefield
Molly Littlefield

November 4, 2019 Board Meeting Minutes

The meeting was brought to order at 7:13 by Jeff Miller.

The minutes of the last Board meeting on September 23, 2019 and General Membership Meeting on September 29, 2019 were included as attachments to the email reminder for tonight’s meeting.

Motion
Proposed by:      John Tomlinson
Seconded by:     Mark Owen
Motion made:    To accept the minutes of September 23, 2019 Board Meeting, and September 29, 2019
General Membership Meeting.
Approved:           Yes, unanimous

Treasurers Report:  Janet paid the fee for Non-Profit license and the $928.00 to State Farm for D&O Insurance.

Election of Officers:  After the election of board members at the General Membership meeting, the main agenda for this evening was the election of officers.  All current officers agreed to remain in their positions.

Motion
Proposed by:      Mark Owen
Seconded by:     Mike Werner
Motion made:    To keep the current slate of officers for the upcoming year
Approved:           Unanimous

The Documents committee (Jeff Miller, John Tomlinson, Andy Karmy, and Mark Owen) met with Jason Whalen and Shasta Kelly of Ledger Square Law on Monday, October 28, 2019.  Focus of the meeting was on the updated Association Agreement. A prospectus regarding the airport purchase may be required to inform homeowners of profit/loss potential risk.  Another attorney, Bob Hutchins, will be consulted regarding the necessity of a prospectus.

Motion
Proposed by:      John Tomlinson
Seconded by:     Janet Gundlach
Motion made:    To adjourn at 8:04
Approved:           Yes

Respectfully submitted,
Robbi Broussard


12 in attendance at Broussard’s Home

Board Members present:
Jeff Miller (2012), President                        Telephone 253-639-1915
John Tomlinson (2013), VP
Robbi Broussard (2012), Secretary
Janet Gundlach (even year), Treasurer
Andy Karmy (2017)
Mike Werner (2018)
Rex MacLean (2018)
Mark Owen (2017)
Keith Hendrickson (2017)

Guests:
Dick Broussard
Lynne Gregg
Theresa White

September 29, 2019 FAHA Annual Meeting and Picnic

The meeting was brought to order at 4:30 by Jeff Miller, who welcomed our new homeowners:  Janelle and Tom Noller, Joanna Shaw with Anders Wiggum, and Jason and Meghan Downing to our community.  It’s great to see lots of young faces joining us….and kids, too! Jo and Anders have a 3 year old and Tom and Jennifer Osmundson have a newborn.

Election of New Board Members:  Jeff introduced the current Board to the homeowners. Four board members, whose two-year term is ending (John Tomlinson, Andy Karmy, Keith Hendrickson, and Mark Owen) have agreed to continue on the Board.  Jeff opened the floor to any volunteers to serve on the board.  Having heard none:

Motion
Proposed by:     Mike McGahan
Seconded by:     Arthur Berkell
Motion made:   To accept the four Board members for an additional two-year term.
Approved:          Yes, unanimous (except for JT)

Association Agreement: Jeff began the discussion of the progress on airport acquisition with two thoughts: “Strength in Numbers” and “Control through Ownership”.  For the benefit of newer homeowners, Jeff gave a quick summary of airport history going back to 1975 when Stan and Virginia Nesland sold the airport to Norm Grier and Bill Lardent. Easements were set in place at the time of sale. The first 25 years there were no additional fees to homeowners to access the airport as the purchase price of the lot covered expenses. The next 25 years, 2000 to 2025, participating homes support the airport by paying ½ of taxes, fees, and maintenance annually. After the year 2025, there was no requirement for there being an airport.  Our current right to access the airport will terminate on December 31, 2025.

John Tomlinson presented a Power Point Presentation of the FAHA Board’s current concept of airport acquisition and key aspects of the association agreement as of this time.

The Association Agreement document is very close to being ready to present to the homeowners for review and eventual signature. A small number of homeowners had been asked for their review and comments.  The draft documents are available currently for any member to review.  Additionally, all FAHA Board meetings are open for anyone wanting to attend. The equal share approach to ownership was reiterated. The concept of a Contingency Loan was introduced; as much as one million dollars; 10 homeowners X $100,000 have at present verbally agreed to participate at the time of airport purchase.

The meeting was opened to questions and discussions from the floor

One homeowner suggested that FAHA might want to start collecting funds now but was told that FAHA would not want to have the “investment” responsibility but would rather have the individual homeowner do their own investing now for the future cost.

Surface Water Management:  Jeff Miller discussed the issue of the county’s surface water management and its impact on airports and aviation across the state. Specific to Crest/Norman Grier Field, it appears that the county has been under charging the airport for the surface water in the past few years.  It went from $4,808 to $23,957.   John Tomlinson has investigated the rates and found them to be correct. Surface Water Management became the major component of the total $38,958 tax bill for 2019 of which we the homeowners pay half the bill.

Neil Bryant asked to say good bye to our association.  He’s enjoyed his time in our community and has various items for sale.

At 5:38 Jeff Miller adjourned so we could eat!

Respectfully submitted,
Robbi Broussard


75 in attendance (representing 48 Homeowner lots) in Eversole’s Hangar

Board Members present:
Jeff Miller (2012), President                        Telephone 253-639-1915
John Tomlinson (2013), VP
Robbi Broussard (2012), Secretary
Janet Gundlach (even year), Treasurer
Andy Karmy (2017)
Keith Hendrickson (2017)
Rex MacLean (2018)
Mark Owen (2017)

Board Members absent:
Mike Werner (2018)

September 23, 2019

The meeting was brought to order at 7:10 by Jeff Miller.

The minutes of the last Board meeting on August 19, 2019, were included as an attachment to the email reminder for tonight’s meeting.   After a correction was made to the spelling of Mike Werner’s name, a motion to approve the previous minutes was made and accepted.

Motion
Proposed by:     John Tomlinson
Seconded by:     Make WernerMotion made:   To accept the minutes of August 19, 2019 Board meeting, as corrected.
Approved:          Yes, unanimous

Treasurers Report:  After receiving delinquent dues from two homeowners and paying $3.06 for postage on Picnic/general membership meeting reminders, Janet reported a balance of $27,208.65 in the FAHA checking account.

The Documents Committee met on Sunday, September 22 to discuss ongoing revisions to the Association Agreement.  Jeff Miller had sent out a preliminary draft to several homeowners, including Dodson, Hernke, Littlefield, Eversole, Cullman, Leyde, Kellogg, and Cameron  in order to solicit feedback.  The majority of them had favorable comments.  In addition, several of them would be willing to contribute to the contingency financing, if it becomes necessary.

Motion
Proposed by:     Andy Karmy
Seconded by:     Mark Owen
Motion made:   To make a preliminary draft available for all homeowners at the upcoming picnic on September 29, 2019.
Approved:          Unanimous

Annual Homeowners Meeting and Picnic.  The original date set for October 6th did not work for Eric Eversole, so September 29th was selected.  Janet Gundlach and Tammy Nason could use help in preparation.

Surface Water Management.  Jeff Miller will be organizing a committee to start a communication with King County, including King County Council #7, Pete Von Reichbauer, Gordy Gibler (Fall City Airport HOA), King County Council #3, Cathy Lambert, and WPA.  Rex MacLean volunteered to help on the committee.

Association Agreement:  John Tomlinson displayed a Power Point to the Board which he intends to present to the Homeowners at the Picnic.  Mike Werner passed out his suggestion that an additional Membership classification be added to the agreement:

2.5  Associate Membership.  Any person who holds an ancillary interest in the airport remaining viable in the future are eligible for Associate Membership.  Associate members have no voting rights, but would be eligible for member discounts on hangar or tie down-down rental fees, fuel discounts and airport operation fees.  Associate membership would require a one-time initiation fee of ten thousand dollars ($10,000), transferrable to a succeeding associate member.  One tie-down or hangar rental would be allowed per associate membership.

After discussing the proposal at length, the Board decided not to add the Associate Membership at this time, wanting to keep the Association Agreement simple.  The general consensus of the Board was that the complexity of the proposal can be brought up further at a later and more appropriate time.

Motion
Proposed by:     Robbi Broussard
Seconded by:     Mark Owen
Motion made:   To adjourn at 8:55
Approved:          Yes

Respectfully submitted,
Robbi Broussard


10 in attendance at Broussard’s Home

Board Members present:
Jeff Miller (2012), President                        Telephone 253-639-1915
John Tomlinson (2013), VP
Robbi Broussard (2012), Secretary
Janet Gundlach (even year), Treasurer
Andy Karmy (2017)
Mike Werner (2018)
Rex MacLean (2018)
Mark Owen (2017)

Board Members absent:
Keith Hendrickson (2017)

Guests:
Dick Broussard
Lynne Gregg

August 19, 2019 Board Meeting Minutes

The meeting was brought to order at 7:15 by Jeff Miller.

The minutes of the last Board meeting on June 4, 2019, were included as an attachment to the email reminder for tonight’s meeting.   A motion to approve the previous minutes was made and accepted.

Motion
Proposed by:     Rex MacLean
Seconded by:     John Tomlinson
Motion made:   To accept the minutes of June 4, 2019 Board meeting.
Approved:          Yes, unanimous

Treasurers Report:  Jeff reported in Janet’s absence.  There are no changes to report from previous board meeting.

Jeff also reported that Rikki is unhappy with golf carts on airport property after 5:00 pm. JT indicated that he did not believe golf carts were driven by members of FAHA.

Normandy Aircraft Picnic: The June picnic, financed and arranged by Normandy Aircraft, was well attended with excellent weather, and considered a success by all participating.  Thanks to all the volunteers that helped with tables and chairs. And thanks to all the homeowners and outside guests that brought airplanes to the ramp for display.

The Association Agreement:  The primary meeting agenda was to review and edit the Association Agreement draft.  The following changes were made by the board:

Preamble.  Board members expressed a preference of having a cover letter included with the Association Agreement; this, instead of inclusion in the body of the Association Agreement text. The preamble sets out the desire, purpose, and expectation of the airport purchase as a community.

Some suggested that an appraisal would help give some reality to the figures in the document.  Also suggested the date 1.1.2025 be changed to 12.31.2025.

5.1.2.  Board members prefer the term “Contingency” over “Backstop” Financing.  We need to include verbiage to say what will trigger “contingent” financing. “ In the event that the number of participants will not generate sufficient funds to make the xxxxxxx outlined in 5.1.1, then a contingency….”

5.3.  Discussion of Special Assessment and what it would include. Further discussion and refinement required.

5.6.5.  The Board voted the entire “Opt Out” section be deleted.

5.6.6.  The Board unanimously agreed that there should be no “Initiation Fee” to ownership transfer to Opt-In homeowners. Section 5.6.6 of the presented draft was deleted.

5.1.  Considered redundant. Deleted.

Motion
Proposed by:     John Tomlinson
Seconded by:     Andy Karmy
Motion made:   To set October 6, 2019 for Annual Picnic (if okay with Eric Eversole)
Approved:          Unanimous

Next Board meeting:  Monday, September 23, 2019 at 7:00.

Motion
Proposed by:     Andy Karmy
Seconded by:     Mike Warner
Motion made:   To adjourn at 9:30
Approved:          Yes

Respectfully submitted,
Robbi Broussard


7 in attendance at Broussard’s Home

Board Members present:
Jeff Miller (2012), President                        Telephone 253-639-1915
John Tomlinson (2013), VP
Robbi Broussard (2012), Secretary
Andy Karmy (2017)
Mike Warner (2018)
Rex MacLean (2018)

Board Members absent:
Janet Gundlach (even year), Treasurer
Mark Owen (2017)
Keith Hendrickson (2017)

Guests:
Leone Tomlinson

 

June 4, 2019 Board Meeting Minutes

The meeting was brought to order at 7:08 by Jeff Miller.

The minutes of the last Board meeting on April 29, 2019, were included as an attachment to the email reminder for tonight’s meeting.  Regarding the information on Surface Water Management, Rex MacLean corrected that “return call” should read “return response”.  A motion to approve the previous minutes was made and accepted.

Motion

Proposed by:      John Tomlinson
Seconded by:     Mike Warner
Motion made:    To accept the minutes of April 29, 2019 Board meeting, as corrected.
Approved:           Yes, unanimous

Treasurers Report:  Janet reported a balance of $27,123.55, having just received three more checks for homeowner dues.

Surface Water Management:  Jeff Miller has been in contact with the management at the Auburn Airport concerning their SWM fees, and in addition has been in contact with home owner president, Gordon Gibler of the Fall City Airport.  Auburn airport was determined to not have any Surface Water Management fees. Even though located in King County, as a municipal airport they do not have this category of fees. The Fall City Airport has experienced a similar extreme increase in Surface Water Management fees. Gordon Gibler has been in contact with the county bureaucrats that adjudicate these fees and was told SWM fees will be increasing by 20% in the next two years.  Gordon is also attempting meetings with the County Commissioners and will include us in any meetings.

Documents Committee: The latest revisions of the Association Agreement was included in the meeting reminder.  Having met the week previous, the committee had two main concerns in the latest Ledger Square documents:

  1. How to handle properties that are not included in the Homeowners Association, i.e. Norm’s property.
  2. When the airport comes up for sale, how to proceed.

The Board agreed annual special assessments in excess of$10,000 will require 60% homeowner approval.  The Board also felt that putting the dollar amount on a “per lot owner” would make it easier for homeowners to accept.

John Tomlinson originated a “max” purchase price schedule to use when presenting the commitment letters:  The County Appraised Value plus 10%, then divided by 80 (the projected number of committed homeowners), then increased to the nearest $5,000.  Since the appraised value will certainly increase each year, he also showed the future commitment price through the year 2025, using a 3% inflation rate.

Year Commitment
2020 $35,000.00
2021 $36,050.00
2022 $37,132.00
2923 $38,246.00
2024 $39,393.00
2025 $40,575.00

 

How will FAHA handle late-comers?  The Board would like all residents to be included in the airport purchase.  Any additional fees beyond the equal share price of ownership for late buy-in homes will be up to the Board sitting at that time.

How to handle Non-Participants who access the airport?  Again, this is something that a future Board will have to determine, however, it was suggested that a $100 landing fees could be issued.  It was suggested to add to the documents:  “Airport operations by non-participants will be managed by the Board”.

Normandy Aircraft Picnic:  John needs help moving tables for the picnic at the office this Saturday, June 8th.  Several board members volunteered.

Sale of Property Pending:  A former resident of Crest Airport (Chad and Julie Jordeson) have put an offer on the vacant lot on 301st.  There are issues with septic viability.

Motion

Proposed by:      John Tomlinson
Seconded by:     Keith Hendrickson
Motion made:    To adjourn
Approved by:     Yes, unanimous

Respectfully submitted,
Robbi Broussard


11 in attendance at Broussard’s Home

Board Members present:
Jeff Miller (2012), President         Telephone 253-639-1915
John Tomlinson (2013), VP
Janet Gundlach (even year), Treasurer
Robbi Broussard (2012), Secretary
Andy Karmy (2017)
Mark Owen (2017)
Mike Warner (2018)
Rex MacLean (2018)
Keith Hendrickson (2017)

Guests:
Dick Broussard
Leone Tomlinson

April 29, 2019 Board Meeting Minutes

The meeting was brought to order by Jeff Miller with a welcome to our guests.

The minutes of the last Board meeting, March 18, 2019, were included as an attachment to the email reminder for tonight’s meeting.  A motion to approve the previous minutes was made and accepted.

Motion
Proposed by:      Mike Warner
Seconded by:     John Tomlinson
Motion made:    To accept the minutes of March 18, 2019 Board meeting.
Approved:           Yes, unanimous

Treasurers Report:  Janet reported that there is a balance of $27,756.15 in the account.  She also reported on the status of the annual assessments for the Airport:  seven homeowners were late paying, but with her prodding, managed to get paid.  In total, there are 111 lots that have paid the assessment.  Janet still has not been able to ascertain what the $1000 charge was for, and has asked Jeff to see if he can find out.

Update on Ledger Square Law Group:  The Documents Committee finally received documents from LSLG on Friday evening.  John Tomlinson has created a summary of the document and will be emailing both of these to all Board members for review and comment.  The committee feels the document is 90-95% complete, with 95% confidence.  John feels that the biggest issue is the trigger:  How do we decide when we proceed with the purchase (not included in this offering).  John plans to make a table laying out various scenarios in purchase price.  LSLG indicates that a Prospectus is necessary.  The plan is to review the offering, make any necessary changes after input from the board, meet again in June, and hopefully, present it at the next general membership meeting in the fall.

Normandy Aircraft Picnic:  John has spoken to Logan and offered tables.  Janet has 2 canopies that will also be offered.  EAA is donating ice cream and WPA has advertised the event on its calendar.

Surface Water Management:  Rex contacted them 4 weeks ago and was promised a return call within 2 days, but still has had no response.  A discussion ensued about forming a community relations committee.  All agreed that building relations with the WPA would be beneficial.

Motion
Proposed by:      John Tomlinson
Seconded by:     Andy Karmy
Motion made:    To adjourn
Approved by:     Yes

Respectfully submitted,
Robbi Broussard


FAHA Board Meeting                                                  April 29, 2019
12 in attendance at Broussard’s Home

Board Members present:
Jeff Miller (2012), President                        Telephone 253-639-1915
John Tomlinson (2013), VP
Janet Gundlach (even year), Treasurer
Robbi Broussard (2012), Secretary
Andy Karmy (2017)
Mark Owen (2017)
Mike Warner (2018)
Rex MacLean (2018)

Guests:
Dick Broussard
Teresa White
Leone Tomlinson
Lynne Gregg