GALLATIN AIRPORT AUTHORITY
NOTICE IS HEREBY GIVEN that the Board of Commissioners of the Gallatin Airport Authority (the “Authority”) will meet on May 14, 2009, at 3:00 p.m., in the Bridger Room in the airline terminal building at Gallatin Field Airport (the “Airport”), 850 Gallatin Field Road,Belgrade, Montana, and hold a public hearing on a proposed project consisting of financing a portion of the costs of expanding, improving, furnishing and equipping the airline terminal building at the Airport and related site improvements, which, among other things, is expected to approximately, or more than, double the square footage available in the existing airline terminal building and include enlarging the lobby and waiting areas and other terminal space to accommodate future needs of the Airport, relocating certain services and concessions, expanding airline operating areas, concourse, baggage claim, rental car areas, and other improvements (the “Project”), and the issuance by the authority of airport revenue bonds in one or more series (the “Bonds”) to finance a portion of the costs of the Project and all or a portion of the costs of issuance of the Bonds and the debt service reserve for the Bonds, and, if appropriate, pay interest during construction, pursuant to Title 67, Chapter 11, Parts 1 through 3, Montana Code Annotated.
The Project and the improvements are located at the Airport, the address of which is 850 Gallatin Field Road, Belgrade, Montana 59714, and will be owned by the Authority. Certain portions of the Project will be used in whole or in part in the trade or business of various private entities pursuant to leases or other contractual arrangements with the Authority, including commercial airline companies, automobile rental agencies, and certain concession operators.
To finance a portion of the costs of the Project and to pay all or a portion of the costs and expenses incidental to the sale of the Bonds, including establishing a reserve therefor and paying interest during construction, if appropriate, the Authority proposes to issue and sell the Bonds in the estimated maximum aggregate principal amount of $16,000,000. The Bonds will be payable from and secured by the revenues of the Airport available to the Authority, including, without limitation, and as to one or more series of the Bonds, passenger facility charges; as appropriate, general Airport revenues; and a debt service reserve established therefor. The Bonds will not be general obligations of the Authority, and the general credit and taxing powers of the Authority or Gallatin County will not be pledged to the payment thereof.
All persons interested may appear and be heard at said time and place or may file a written expression of their views with the Airport Director of the Authority prior to the date of hearing set forth above. Any further information regarding this notice may be obtained from the Assistant Airport Director at the address of the Airport given above and at (406) 388-6632, ext. 102.
Dated: April 28, 2009.
GALLATIN AIRPORT AUTHORITY
/s/ Brian Sprenger, A.A.E.
Assistant Airport Director
Publication Dates: April 29 and May 6, 2009