SUPPLEMENTARY INFORMATION:

The Sponsor self reported the sale of a parcel of surplus property airport land prior to receiving required authorization and release by the Federal Aviation Administration (FAA). FAA authorization is a requirement found in the Federal surplus property transfer deeds, 14 CFR part 155, the Federal obligations found in the grant assurances and the guidelines outlined in FAAO 5190.6 Airport Compliance Manual. The 5.25 acre parcel was sold to the previous tenant who had improved the parcel with a building and fuel storage. Upon FAA request, the airport has submitted acceptable corrective actions that include the required documentation of payment of Fair Market Value in the amount of $183,500.00. The FAA has confirmed that the disposition of proceeds from the sale of the airport property are in accordance with 49 U.S.C. 47107(c)(2)(B) and FAA's Policy and Procedures Concerning the Use of Airport Revenue, published in the Federal Register on February 16, 1999 (64 FR 7696). In addition, the relevant airport records, to include the ALP and the Exhibit A, have been updated to reflect the release of this property. The FAA has formalized this release with the sponsor in accordance with the applicable authorities. As a result, the FAA considers this matter closed.