{"content":[{"text":"GERALD R. FORD INTERNATIONAL AIRPORT AUTHORITY \n FINANCE AND LEGISLATIVE COMMITTEE MINUTES \n Wednesday, February 19, 2020 \n 7:15 a.m.","bbox":{"left":0.254706,"top":0.051623,"width":0.50258,"height":0.063441}},{"text":"Present:","bbox":{"left":0.117644,"top":0.131454,"width":0.06695500000000001,"height":0.015573000000000004}},{"text":"Ted Vonk-Chair, Birgit Klohs (via phone), Dan Koorndyk","bbox":{"left":0.294122,"top":0.131454,"width":0.44584500000000005,"height":0.015573000000000004}},{"text":"Also Present:","bbox":{"left":0.117662,"top":0.163264,"width":0.10696599999999999,"height":0.015573000000000004}},{"text":"Tory Richardson, Alex Peric, Tara Hernandez, Matt Zeilstra, Stephen \n Clark, Casey Ries, Moe Khattak, Tom Cizauskas, Margie Witbeck","bbox":{"left":0.294158,"top":0.163264,"width":0.5484450000000001,"height":0.03163100000000002}},{"text":"2-1","bbox":{"left":0.11768,"top":0.195227,"width":0.02610499999999999,"height":0.015573000000000004}},{"text":"Minutes","bbox":{"left":0.176488,"top":0.195227,"width":0.06806999999999999,"height":0.015573000000000004}},{"text":"The minutes Finance and Marketing Committee meeting minutes of November 27, 2019 \n were approved as submitted.","bbox":{"left":0.176488,"top":0.22719,"width":0.6984400000000001,"height":0.031478000000000006}},{"text":"2-2","bbox":{"left":0.117698,"top":0.275058,"width":0.02610499999999999,"height":0.015573000000000004}},{"text":"Public Comment","bbox":{"left":0.176506,"top":0.275058,"width":0.141891,"height":0.015573000000000004}},{"text":"No public comment.","bbox":{"left":0.176506,"top":0.307021,"width":0.158941,"height":0.015573000000000004}},{"text":"2-3","bbox":{"left":0.117698,"top":0.338984,"width":0.02610499999999999,"height":0.015573000000000004}},{"text":"Resolution 20-3: Notice of Public Hearing & Plan of Finance for a Bond Issue","bbox":{"left":0.176506,"top":0.338984,"width":0.6203779999999999,"height":0.015573000000000004}},{"text":"Mr. Zeilstra explained that the Authority is under contract with Fishbeck, Thompson, Carr \n & Huber to design a new parking garage and under contract with Mead & Hunt to design \n expansion and extension of Concourse A. Construction of both projects are anticipated to \n start in the spring of 2020. Mr. Zeilstra explained that the Authority is planning to issue \n bonds to pay for the construction. In order to do so, the Board published a Notice of Intent \n to Issue Bonds on January 9, 2020. Dickinson Wright, Bond Counsel, has drafted a Notice \n Public Hearing. He said that a Public Hearing is required under the Revenue Bond Act \n and a notice must be published on the GFIA website at least 7 days before the hearing. \n The notice will be also published on the County's website as we will be requesting the \n County to pledge its limited tax full faith & credit. The Public Hearing will be March 10, \n 2020 at 10:00 a.m. in the International Room.","bbox":{"left":0.176506,"top":0.370947,"width":0.7166589999999999,"height":0.17523499999999992}},{"text":"Motion by Mrs. Klohs, supported by Mr. Koorndyk, the approval to publish the Notice of \n Public Hearing & Plan of Finance for a Bond Issue. Motion Carried.","bbox":{"left":0.176614,"top":0.562572,"width":0.690623,"height":0.031478000000000006}},{"text":"2-4","bbox":{"left":0.117788,"top":0.61044,"width":0.02610499999999999,"height":0.015572999999999948}},{"text":"Resolution 20-4: Issuance of the 2020 Airport Revenue Bonds \n Mr. Zeilstra said that Under Act 95, Public Acts of Michigan, 2015, the Authority is \n authorized to issue revenue and revenue refunding bonds in accordance with Act 94, \n Public Acts of Michigan, 1933. In order to do so, the Board published a Notice of Intent to \n Issue Bonds on January 9, 2020. He said that under the Articles of Incorporation filed to \n form the Authority, the Authority shall not incur indebtedness pledging the net revenues of \n the Authority on a parity basis for which the full faith and credit of the County has been \n pledged unless the County approves the indebtedness. A Public Hearing is required under \n the Revenue Bond Act and a notice must be published on the GFIA website at least 7 \n days before the hearing. On January 9, 2020, the Board authorized the publishing of a \n Notice of Intent to Issue Bonds for payment on the construction of the eight new gates on \n Concourse A and the consolidated Rent A Car garage. Mr. Zeilstra said that the Public \n Hearing will be March 10, 2020 at 10:00 a.m. in the International Room. Authority staff \n have been working with Kari Blanchet of Public Financial Management, GFIAA’s financial \n advisor and Terry Donnelly of Dickinson Wright, GFIAA’s bond counsel. This is a \n supplemental resolution and amends the Master Board Resolution adopted by the Board \n on September 26, 2018.","bbox":{"left":0.176578,"top":0.61044,"width":0.717513,"height":0.27096999999999993}},{"text":"Motion by Mrs. Klohs, supported by Mr. Koorndyk, the approval of the issuing of Revenue \n Bonds, Series 2020 and authorize staff to request the Kent County Board of","bbox":{"left":0.176758,"top":0.8978,"width":0.710615,"height":0.031630999999999854}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}