Meeting was called to order at 9:30 a.m. In attendance: Jimmy Anderson, Bill Bunten, Rocky Peebles, Wayne Wagner, Joe Bain, Bill Thompson. Absent: Gordon Lingle. Guests: Mark Goldberg , Ken Debower.

Treasurer’s Report: Detailed monthly and quarterly reports were submitted by treasurer Bunten. (Sheets enclosed with minutes copies in corporate records). In summary, Oct . net income was $6,058.45 and total assets was $135,884.16. It is hoped that preparation of monthly statements will be assumed by Jim Green, perhaps by the end of November. Fuel sales and profits have been difficult to determine because of problems with determination of fuel inventories. We received a refund of three years worth of paid franchise taxes totaling$3,688. Our real estate tax bill is about $1,800 which is about half of last year’s…thanks to Joe Bain’s efforts in contesting the valuation basis. The airpark tax return was filed on time on Oct.15. After paying the final bill for the pancake breakfast of $350, the net cost of the venture was $130.

Secretary’s Report: Not delivered, but minutes of Oct 23, 1999 meeting had been e-mailed to Joe Bain for posting on the airpark web site.

Old Business:

Service to the airpark pay telephone should be re-established by Nov. 16, hopefully with waiver of installation fees. The phone at the fuel pump will have a lock installed on it.

One bid was opened for the sale of the airpark tractor, but at $601 it was considered to be too low. Bill Thompson will look into having the tractor put on an equipment company lot for a consignment sale…should be more exposure.

The request for access to the airpark from the Hubble Group was determined to be insufficient in scope and must be resubmitted with more detail.

Discussion regarding airpark access agreements was conducted. Bill Bunten will be drafting a letter with Jim Keahey reflecting what has been done with existing accessors and outlining existing requirements for access currently. Complying with airpark rules is one requirement for sure.

Some discussion occurred regarding the easement for access from Blue Jay Ct. to the north end of the 7 acre parcel. This easement may possibly have been removed during re-platting.

It was suggested that bids for runway resurfacing be expedited due to the rising costs of this type of work.

The fuel tank monitoring system has been installed.

For the time being we will continue to observe the 12,500 lb. runway weight limit.

New Business:

The airpark will encourage the city to drop any charges in the night landing incident of early October if the party involved will drop threats of legal action in the matter. Recent community awareness of airpark matters has dictated that this would be prudent from a public relations standpoint.

Letters for airpark parking violations will be written requesting corrective action.

Prior to renewal of insurance policies at year’s end, it was decided to look into coverage for the airpark office which is currently uninsured.

Discussion was conducted on the initial planning for a new airpark office.

Meeting was adjourned at 10:52 a.m.

Respectfully submitted,

Wayne Wagner, Secretary