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commission met and decided that the project is very important for our airport and <br /> they want to continue with the project. Mr. Kemp said they have recently talked <br /> to the State Aeronautics Commission and there is a possibility that the state may <br /> rearrange their funding and be able to cover the other 5%. Mr. Barnett said if the <br /> airport ends up having to pay the 5% they will get a loan with a 10 year payoff for <br /> the funding. He said during the construction, payments have to be made and <br /> then submitted for reimbursement and they will need the City's help with the <br /> construction funds. Councilmember Bryant moved to support the airport with the <br /> project and Councilmember Matthews seconded. All voted for. <br /> F) ENGINEER'S REPORT <br /> City Engineer Damon Johnson addressed the council with his Engineer's Report. <br /> Mr. Johnson updated the council on several projects going on throughout the <br /> City. <br /> G) EXECUTIVE SESSION <br /> Councilmember Matthews moved to go into executive session. Councilmember <br /> Bryant seconded and all voted for. <br /> Upon returning from executive session, Councilmember Krug moved to re- <br /> appoint Mr. Kim Looney to the Parks and Recreation Commission. <br /> Councilmember Bryant seconded and all voted for. Mr. Looney's term will expire <br /> 5-10-2017. <br /> H) REVIEW OF THE MARCH 2012 FINANCIALS <br /> The council was given a copy of the March 2012 financials for review. <br /> MAYOR COMMENTS <br />