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L <br />foreclosure at a reduced price. The Authority was able to bid $2 at the sale and then survived <br />the 10 -day upset period. Now First Bank wants to close by the end of this month and the <br />authority is in the position of coming to the Commissioners to request the funds from the <br />Airport Reserve fund. It was also noted that the Forestry Service will pay the Airport $125,000 <br />per year to lease the hangars. After discussion, Commissioner Womack moved to approve the <br />transfer of $270,000 to the Airport Authority from the Airport Reserve Fund for the purpose of <br />purchasing the Southeastern Aviation Hangar from First Bank, Inc., which incl es approval of <br />budget amendment # 04/22/13/15, a copy of which is attached to these and by this <br />reference made a part hereof. Upon a vote, the results were as follows: <br />Aye: Dalrymple, Frazier, Parks, Smith, and W <br />Nay: None <br />Absent: Knecht and Reives <br />The Chairman ruled the motion had been adopted jffianimqusly. <br />With no further business to come before the Board, issioner Dalrymple moved to <br />adjourn the meeting. Upon a vote, the results were as follow. . <br />Aye: <br />Dalrymple, Frazier, Parks, Smith, and Wo <br />unanimously and the meeting <br />airman <br />Commissioners <br />2 <br />