Meeting was called to order at 10:13 a.m. by Gordon Lingle. Members in attendance: Gordon, Joe Bain, Rocky Peebles, Bill Bunten, Wayne Wagner, Bill Thompson (7 min. late). Guest: P.A.Penley.

Treasurer’s Report: A computer glitch precluded a formal and accurate report, but a cash balance in excess of $40K was estimated. Many membeship renewal fees and fuel sales of $7001 (more than usual) accounted for this.

Secretary’s Report: None at this time since previous minutes had not been forwarded to the new secretary. (Subsequently this has been corrected).

It was moved (Bunten) and seconded (Bain) to authorize a $5K IRS retroactive penalty payment (1996?). All in favor.

It was moved (Bunten) and seconded (Bain) to change the wording in the hangar leases to specifically allow homebuilt aircraft construction. All in favor.

It was reported (Bain) that the airpark lawsuit has been settled and the the insurance carrier has agreed to settle in the amount of the plaintiff’s deductible ($2500).

It was moved (Bunten) and seconded (Bain) to retain CPA Jim Green (264-1996) at the rate of $150 per month to do all airpark accounting work (taxes, billing, dues, member lists,etc.) His normal fee is $75/hour. All in favor.

It was moved (Thomson) and seconded (Bunten) to raise the airpark fuel price to $1.95. This will more or less maintain our $0.50 /gal. margin over cost and $0.05 change increment requirement. All in favor.

It was moved (Bunten) and seconded (Bain) to amend the airpark rules that no turbine powered aircraft be allowed to be permanently based at the Lakeway Airpark, in consideration of noise, safety, and the nature of the airpark as a predominantly recreational entity. All in favor. (Transient turbine aircraft will still be allowed as a courtesy so long as traffic counts are low enough as to not be a nuisance to the surrounding community; probable increase in turbine landing fees will be discussed further). The exact wording of the ruling will be as follows:

RESOLVED: that the Airpark’s Rules and Regulations are amended by:

1. Revising the title of article IV to read: "Aircraft Basing, Parking and Ramp Usage."

2. Inserting a new paragraph A and relettering the subsequent paragraphs accordingly.

3. The new paragraph A will read: "Basing. Turbine powered aircraft (turbo-jet or turbo-prop) may not be permanently based at the Airpark or temporarily kept at the Airpark for more than 8 days per month."

It was moved (Bain) and seconded (Bunten) that Sonny McCutcheon be granted tie-down space for one of his aircraft during the time he is unable to reach his normal tie-down at home during the period of hangar construction. All in favor.

It was moved (Bain) and seconded (Bunten) to place signs at suitable locations (for pilots to see) warning that the hump in the runway prevents visualization of one end of the runway from the other end. All in favor.

Informal agreement was reached that the airpark association will not get involved in the procurement and sales of any promotional items (e.g. ball caps and shirts) and that the airpark logo and/or representation is available to anyone who wishes to do so in a tasteful manner.

Wayne Wagner forgot to mention that a small committee (Wagner, McCutcheon, and Skinner) is currently researching the feasibility of accomplishing some measure of runway levelling prior to a committment to resurface. Any member input would be appreciated.

Wayne Wagner forgot to announce to the board that the Airpark float won a prize at the Lakeway community 4th of July parade. We actually won first place but were given the second place ribbon by mistake at the award ceremony...decision was made not to challenge the presentation.

Meeting adjourned at 11:20 a.m.

The foregoing is a true copy of resolutions adopted by the Directors of Lakeway Airpark, Inc. on July 10, 1999.

Wayne Wagner, Secretary