December 14, 2020 – Board Meeting

FAHA Board Meeting                         December 14, 2020

9 in attendance through Zoom (hosted by Andy Karmy)

Board Members present:

Jeff Miller (2012), President                   Telephone 253-639-1915

John Tomlinson (2013), VP

Jo Wiggum (2020), Secretary

Janet Gundlach (even year), Treasurer

Mike Werner (2018)

Andy Karmy (2017)

Keith Hendrickson ((2017)

Mark Owens (2017)

Rex MacLean (2018)

Meeting commenced at 7:18 pm.

Approval of previous minutes: Janet made motion to approve as printed, Keith seconded.

Primary agenda was to review progress in the drafting of the Purchase Participation Memorandum (PPM). With Jo Wiggum being a new member to the Board as well as new to home ownership at Crest, discussion also included a broad review of Neslund Easement and history of homeowner expectations toward airpark ownership.

Mike presented his idea of generating additional income for airport purchase by hangar rentals sold as long-term lease agreements; favorable terms but money up front. Discussion followed and it was pointed out that this would be difficult to accomplish before the actual purchase of the airport. This option of increased rates would best be discussed with the members and Board directly after purchase.

Discussion was begun about raising the dues rate above $40.  Jo requested a budget review to help determine the increased rate. We all agreed to delay a vote and John volunteered to put together a budget for 2021 to better inform the Board regarding a dues increase.

Motion

Proposed by:    John Tomlinson

Seconded by:    Keith Hendrickson

Motion made:   To adjourn at 8:21

Approved:        Yes