575 Reestablish Airport Authority

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requirement of the City by state or federal law. All construction upon the airport shall be subject to inspection by the City on behalf of the State, and the City inspectors may insure compliance with applicable state regulations for such construction in addition to applicable City regulations. SECTION 12: Reservation of Sponsorship: The City shall continue to be the sponsor of the airport, as defined in the applicable FAA Rules and Regulations. The City reserves the right to convey any or all of the land and improvements comprising the airport and to assign the sponsorship of the airport. SECTION 13: Liabilities: The Authority shall be liable for its obligations and for damages caused by the negligent acts or omissions of the Authority. The Authority shall be deemed to be an agency of the State for the purposes of Section 768.28, Florida Statutes. SECTION 14: State Requirements: The Authority shall comply with all applicable creation, dissolution and reporting requirements set forth in Chapter 189, Florida Statutes. SECTION 15: Dissolution: The Authority's charter may be revoked and the Authority dissolved by a Resolution of the Authority. A copy of any such Resolution shall be filed within thirty (30) days after the effective date of the dissolution with the Special District Information Program of the Department and with the City. SECTION 16: Collection of Non-Ad Valorem Assessments: The Authority shall provide for the collection of annual non-ad valorem assessments in accordance with Chapter 197,Florida Statutes or monthly non-ad valorem assessments in accordance with Chapter 170, Florida Statutes. SECTION 17: Determination of Financial Emergency: The Authority shall notify the Governor and Legislative Auditing Committee of the Department when the health, safety and welfare of the citizens of the State of Florida are affected by the occurrence of one or more of the conditions described in Section 218.503, Florida Statutes, or if said condition or conditions will occur if action is not taken to assist the Authority. SECTION 18: ''''''''316Z PAGE UJU RECORD