MINUTES OF THE
BOARD OF COMMISSIONERS
SPECIAL MEETING
Tuesday, March 10, 2020
5:00 P.M.
CIAA Board Room/ 3650 Sen. J. Bennett Johnston Avenue/Lake Charles, LA 70615
ATTENDANCE Commissioners Present:
Mr. Andrew D. Hankins, President
Mrs. Denise Rau, Vice President
Mr. Rico Guillory, Sr., Secretary/Treasurer
Mr. Charles K. Dalgleish, Commissioner
Mr. James G. Gobert, Commissioner
Mr. Bill Hankins, Commissioner
Mr. Tad Martin, Commissioner
Commissioners Absent:
Mr. Bill Hankins, Commissioner
Others Present:
Mr. Kevin Melton, Executive Director
Mr. Gerald Theunissen, Consultant
Ms. Loretta Hanks, Director of Finance
Ms. Andrea LaFleur, Director of Executive & Airport Affairs
Ms. Paulette Moss, Admin Specialist/Recording Secretary
Mr. John McMullen, Director of Maintenance
Mr. Jay Delafield, Attorney
CALL TO ORDER
President A. Hankins called the meeting to order at 5:00 p.m. Following the Pledge of Allegiance, roll was called and a quorum was established as indicated above.
PROPOSED AGENDA
President A. Hankins requested additions, deletions, and amendments to the proposed
agenda and Mr. Melton announced the same; i.e. AMMEND: Item #5 – Discuss and take appropriate action to adopt a Resolution authorizing the Chennault International Airport Authority (The “Authority” or “Issuer”) to proceed with the refunding of certain of its outstanding Excess Revenue Certificates of Indebtedness, (Mallard Cove Municipal Golf Course Project), Series 2018; authorizing issuance by the Authority of not exceeding $4,100,000 Taxable Excess Revenue Refunding Certificates of Indebtedness, Series 2020, in one or more series; making application to the State Bond Commission and providing for other matters in connection therewith. PRESIDENT A. HANKINS ASKED IF THERE WAS ANY INPUT FROM THE PUBLIC. LET THE RECORD SHOW THERE IS NO INPUT FROM THE PUBLIC. MOTION WAS MADE BY MR. DALGLEISH, SECONDED BY MR. GOBERT, AND CARRIED UNANIMOUSLY TO APPROVE THE PROPOSED AGENDA AS AMENDED.
EXCESS REVENUE CERTIFICATE OF INDEBTEDNESS
Mr. Delafield stated that the 10 year treasury is at .42%. Mr. Delafield stated that the bond interest rate will be as low as 1.0%, but cannot be more than 2.5%. PRESIDENT A. HANKINS ASKED IF THERE WAS ANY INPUT FROM THE PUBLIC. LET THE RECORD SHOW THERE IS NO INPUT FROM THE PUBLIC. MOTION WAS MADE BY MS. RAU, SECONDED BY MR. GOBERT, AND CARRIED WITH A MAJORTY VOTE TO ADOPT A RESOLUTION AUTHORIZING CHENNAULT INTERNATIONAL AIRPORT AUTHORITY (THE “AUTHORITY” OR “ISSUER”) TO PROCEED WITH THE REFUNDING OF CERTAIN OF ITS OUTSTANDING EXCESS REVENUE CERTIFICATES OF INDEBTEDNESS, (MALLARD COVE MUNICIPAL GOLF COURSE PROJECT), SERIES 2018; AUTHORIZING ISSUANCE BY THE AUTHORITY OF NOT EXCEEDING $4,100,000 TAXABLE EXCESS REVENUE REFUNDING CERTIFICATES OF INDEBTEDNESS, SERIES 2020, IN ONE OR MORE SERIES; MAKING APPLICATION TO THE STATE BOND COMMISSION AND PROVIDING FOR OTHER MATTERS IN CONNECTION THEREWITH WITH MR. MARTIN ABSTAINING FROM VOTING.
ADJOURNMENT
PRESIDENT A. HANKINS ASKED IF THERE WAS ANY INPUT FROM THE PUBLIC. LET THE RECORD SHOW THERE IS NO INPUT FROM THE PUBLIC. MOTION WAS MADE BY MR. DALGLEISH, SECONDED BY MR. GOBERT, AND CARRIED UNANIMOUSLY TO ADJOURN THE MEETING. With no further business to come before the Commissioners, President A. Hankins declared the meeting adjourned at 5:12 p.m.