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Section 7. The Airport Commis_sion'shall have no authority toventer <br />into any contract or incur any obligation binding either the City of Sanford or the <br />County of Lee other than for current obligations or contracts, to be fully. executed <br />within the.current.fiscal year and all within the budget,'appropriations,made`by the <br />City of Sanford and County of Lee. <br />Section 8. The budget request shall be prepared by the,-Airport <br />Commission and a copy of said request shall be furnished to each member of the <br />Board of Aldermen and the Board of Commissioners by Monday of the third week <br />in April of each year. A joint meeting of the -Board of Aldermen and,the Board of <br />Commissioners shall be held during the second week in May of each year to cons <br />Sider the adoption of the budget for the Airport Commission. Each Alderman and <br />Commissioner shall be entitled.to vote on any matter, brought before the meeting <br />pertaining to the Airport Commission budget. The vote of each Alderman shall <br />have a value of 7 1/7 points and the vote of each Commissioner shall have a value <br />of 10 points. Approval shall be by,a majority of points as determined by the possible <br />number of points which could be cast by those present. . The decisions reached shall <br />be binding on each Board and the pro rata share of each unit shall be incorporated <br />as approved into its'budget for the next fiscal year. The fiscal year of the Airport <br />Commission shall conform to that of the City of Sanford and the County of Lee. <br />Section 9. The City of Sanford shall furnish 50 percent of the funds <br />as approved for the Airport-Commission budget and the County of Lee shall provide <br />the other 50 percent. <br />Section 10. Fundsappropriated by the two governmental units and <br />budgeted to the Airport Commission shall be disbursed by the Finance Officer of <br />the governmental unit furnishing bookkeeping services upon purchase orders issued <br />by the Airport Commission and within the budget appropriations made. The beards <br />of the governmental units involved shall by separate resolution designate which- <br />governmental unit shall provide such bookkeeping service and for what period with a <br />view to sound fiscal control and the equalizing of contributions and work loads <br />between the two units. <br />Section 11. The Airport Commission shall make full and complete <br />reports to the governing boards of,both governmental units at such times and <br />places as such boards may direct. <br />Section 12. (a) It is contemplated that the joint operation of the <br />airport shall be perpetual. . <br />(b) This ordinance may be.repealed by the action of the governing <br />board'of either governmental unit; provided however, the effective date of such <br />action in repealing this ordinance shall be determine d.as follows: <br />(1) If action is taken before January 1 of a calendar year, <br />then the effective date shall be June 30. of that calendar <br />year, which- is the close of the fiscal year; or <br />(2) If action is taken after January 1 of a calendar year, then . <br />the effective date shall be June 30 of the following calendar <br />year, which is the close of the succeeding fiscal year; or <br />(3) If the Airport Commission has validly executed a con- <br />tractual obligation or lease, then the effective date shall be <br />June 30 of the calendar year in which said contract or lease <br />shall terminate. <br />Section 13. This ordinance may be.am_ ended by the action of the 11 governing board of either governmental unit which is approved and concurred' in <br />by the action of the other governmental unit insadopting the same amendment:, <br />Section 14.. All resolutions and ordinances of'the Board of Comm- <br />issioners for the County of Lee in conflict herewith are hereby repealed-. <br />