Good morning.

A lot of tired people here after a big painter win last night.

I call the meeting to order the June 20th, 2025 meeting of the Indianapolis Airport Authority.

Alex will take a rule for all attendance.

Here's catching Eric Dozier.

Here and we have a quorum.

Next is the approval of the minutes of the May 16th, 2025 meeting.

Do I have a motion?

So any discussion.

We'll take a roll call.

For the May 16, 2025 meeting minutes, you have a first motion by Timmy Catching, second motion by Toby McClamra, of class.

Pam Powers.

Speaker Catching.

Wayne Gibbs.

Hi.

Hi.

Yes.

Okay.

Um introduction for general ordinance number 02-2025.

Robert Thompson.

This is the no action today introduction of the 2026 budget ordinance as described in the board memo.

This introduction is the first step.

Next month there'll be presentation and then the final approval at the uh August meeting.

Thank you.

Next, we have we are considered for approval and adoption resolution number 05 2025.

Marsha Merster.

Thank you, and good morning.

So you may remember those of us who have been around here for a little while.

Back in 2014, the board adopted resolution number 12-2014 for a strategic land use initiative.

Under that initiative, the airport authority uh designated land that could be sold that after extensive analysis was determined was no longer needed for aeronautical purposes, allowing us to place that land back into the community back onto the tax rolls to drive economic growth and job creation.

By divesting uh these non-strategic land holdings, the authorities bottom line has also been strengthened.

We've successfully divested just under 2,900 acres and have generated 82 million dollars in sale proceeds from the sale of that land.

Um that had both some restricted funds that were specific to FAA grant-related projects, so we could just invest those dollars back into uh airfield projects, airfield infrastructure projects for um that were grant eligible, as well as some unrestricted cash that was part of that 82 million dollars.

So we've used again that that was proceeds from the sale of that land to invest back into our infrastructure and have even designated a portion of those proceeds to go toward the development of our new Indianapolis Airport Weston Hotel.

Um so I would just like to recognize before I continue the incredible work by Eric Anderson, Cindy Hallett, uh, and the properties team, because this has been, I mean, it's been over 10 years.

We've been very successful in doing what this resolution intended to do.

So now on the screen, you'll see in red, we have less than 150 acres that remains to be sold as part of this initiative, and we're working on some um potential projects on some of that land.

And today the purpose of this resolution is really related to our aeronautical related uses that will directly or indirectly support the operation here at IND.

So after the completion of the land use initiative, we we will remain the yellow area uh 6,250 acres, which is a very significant one of the larger land holdings for an airport in the U.S.

So we we are fortunate again that those decisions had been made in the past to accumulate this land, which we now want to designate um specific for aeronautical uses.

So the resolution before you today would actually repeal the 2014 resolution and recommend a new aeronautical land use policy.

This will designate this remaining land to pre be preserved exclusively for aeronautical or aeronautical support related purposes and will be available for leasing only.

So that none of this land would be sold under available for sale under this policy.

This will ensure future growth and expansion opportunities for IND's operations for decades to come.

So due to the close proximity, obviously to the airfield uh development and leasing of this land will be very closely controlled by the airport authority to maintain integrity of the policies directives.

So if there should be any proposed deviation from this policy, so say a real estate transaction came forward that would be a non-aeronautical use.

That would require staff to come before the board to seek their to discuss that and seek approval to deviate from the policy.

So this is really a great protection for this airport for again decades to come to ensure the focus to protect our land for aeronautical related uses.

So with that, the staff recommends the board of directors consider for approval and adoption resolution 5-2025 aeronautical land use policy.

We have a motion.

So moved.

Back up.

Um any discussion?

I have a couple questions.

So Marcia, I'm supportive of this.

I just want to make sure I understand it.

So parcels in red are included under this policy or not included.

Not included.

That's the remaining 150 approximately 150 acres that is still available for sale under the previous policy.

So anything in yellow, even if it's not adjoined.