Uh we asked that you consider for approval and adopted resolution number 07 2025 authorizing the sale of IAA and IMC assets via public auction as described in board memo BP 2025 0901.

This is uh an auction that uh we have about every two or three years that um where we dispose of uh um bridge equipment that's no longer of any use to the airport authority.

The reason for the uh resolution is we have to notify um the uh bondholder trustee and escrow trustee from the IMC of the sale.

So uh typically what we have in these sales are old vehicles, mowing equipment, maintenance equipment, and a lot of items from the IMC that were used for aircraft maintenance that are deemed um no longer needed the uh auction this year will be on October 28th here on the airport.

It's at 6620 Pearson Drive, which is the former leased space of Gate Gourmet.

Is options expected to be completed in one day.

Okay, you have a motion.

So any discussion take a roll call for BP 2025 09-01, resolution 07 2025.

First motion by Fred Voorhees, and I believe a second motion by Steve Dillinger?

Hi, Steve Dillinger, aye.

Jeff Gaither?

Hi Gwen Gibbs, aye, Brian Goodwin.

Aye, Fred Voorhees?

Aye, Madam President, you've been asked.

Um, and for my report, all I have to say is just how about that fever to decide game last night.

So okay, we'll move on to the general agenda, BP 20250902 for Lynn.

Thank you.

Uh considered for approval award of contract for terminal janitorial services.

The Camacho Equipment and Janitorial Supply Incorporated cost for year one is 2,197,935.

42 cents rather with a 2% increase annually.

The contract initial term is for three years with two one year options.

Um again, this paper seeks approval to award Camacho a contract uh through the state of Indiana's uh quantity purchasing agreement.

Uh QPAs are contracts between the state and local vendors that allow for the procuring of services or goods typically resulting from a competitive solicitation process.

They're designed uh to streamline the procurement process for agencies by allowing them to enter to long-term contracts with vendors to purchase services or products.

Um PAs typically are uh are beneficial by enabling the purchase of goods or services for bulk pricing benefits.

Uh Camacho has also uh acquired a general services administration contract by janitorial services.

Like QPAs, uh these contracts allow businesses to sell products uh and services directly to federal, state, and local agencies.

The GSA manages these contracts to make sure um government purchasing is more efficient and cost effective, and they are pre-negotiated.

Um the IAA uses the state QPA for a number of purchases.

We um order 1,300 tons uh of road salt annually from our maintenance department and our IT department buys a lot of computer hardware and software uh through the uh QPA um process.

Uh Camacho's been uh uh a member or uh a vendor rather for the IAA since 2008.

They've been a terrific business partner.

Um they help promote the local economy as they have 36 uh full-time employees dedicated to the airport.

So ask for your approval and ask for if anybody has any questions.

Some modes.

I do have a question about that just trying to get more familiar with the QPAs with the state.

We ever like check to see if we went out on our own, how what kind of a uh we could get we have, but we have just to verify.

Uh we didn't do that in this case because typically when we've done that, we've found um more favorable pricing, either through source well or the state QPA.

Uh usually that's why we use it as much as we do.

Would it be possible to occasionally do that make a that we're getting the best prices?

And they're not, they're not not every item that we need is available on the state QPA.

It's select items.

Yes, we'll verify that that is still the best way to do that.

I'll be happy to do that.

Okay, that I think that would just be reasonable.

Very reasonable.

Any any more discussion or questions?

Call.

For BP 2025-09-02.

You have a first motion by Toby McLamrock, second motion by Jeff Gaither.

Barbara Glass?

Aye.

Aye.

Aye.

Def Gaither?

Aye.

Brian Goodwin.

Aye.

Aye.

Brett Voorhees?

Abstain.

President, you have one abstaining vote by Brett Voorhees, and you have approval.

Next BP 2025-9-3, Keith Berlin.

Okay.

Uh this last one, I'll be out of your hair.

Uh we ask that you consider for approval of purchase of a front mount snow broom from MB Companies Incorporated snow equipment.

And it's part of our snow equipment replacement program in an amount not to exceed 737,790.56 cents using cooperative purchasing procedures through SourceWell.

Source well is another uh quantity purchasing uh process that we are uh using for the purchase of this broom.

Um this is part of our snow removal um equipment replacement program to comply with requirements of the FAA airport certification certification manual and FAR Part 139 regarding snow removal on airports.

Uh the project is part of the approved 2026 budget.

The quote uh came well under the budgeted amount of 875,000 dollars.

So we got very favorable uh pricing, and if approved, we expect delivery in the first quarter of 2027.

We have a motion.

So moved.

Thank you.

Any discussion?

Take a roll call.

For BP 2025-09-03, you have a first motion by Red Voorhees, the second motion by Tamika Ketchings, Barbara Glass, aye, Steve Dillinger?

Aye catching.

Def Gaither?

Aye.

Gwen Gibbs?

Aye.

Brian Goodwin.

Aye.

Aye.

Brett Voorhees.

Aye.

Hi President, you can answer approval.

BP 2025-9-4.

Drew.

Good morning.

Consider for approval, change order number two with Dallman Contractors LLC for station.

Number one refurbishment.

This is an amendment or sorry, change order relative to adding additional flooring coating to the flooring to prevent or increase the grid to prevent slipping from happening on the floor.

Okay.

Do we have a motion?

Moved.

Second.

Any discussion?

Questions for Drew.

Okay.

Take a roll call.

For being 245-09-04.

You have first motion by Dwayne Gibbs.

Second motion by Ryan Goodman.

Barbara Glass?

Aye.

Steve Dillinger.

Aye.

Mika Catchings.

Jeff Gaither.

Aye.

Dwayne Gibbs.

Aye.

Brian Goodman.

Aye.

Aye.

Brad Voorhees.

Aye.

Madam President, you've been answered.

True.

Yes, consider for approval amendment number one for ARP truck foam transition at Anno International Airport to CDM amount not to exceed 237,235.

This uh project was relative to changing out from QFAS to F3 foam and the ARP equipment.

And this uh amendment is regarding the final costs for the disposal of the quantities that were open-ended until we got done with the project.

And this is is this the cancer causing?

Yes, transitioning from that to the new that's girls.

We have a motion.

So move.

Second.

Any discussion.

For BP 2025-09-05, you have a first motion by Dimitri Catching, second motion by Ryan Goodwin.

Barbaglass?

Aye.

Aye.

Def Gaither?

Aye.

Gwen Gibbs.

Aye.

Brian Goodwin.

Aye.

Toby McClamrock.

Aye.

Red Voorhees?

Aye.

President, you need to approve that.

Okay, BP 2025-9 net-6.

True.

Yes, consider for approval a delegation of authority to the IA executive director to approve and execute a contract for construction services for Alaska Airlines Concourse Relocation at Indianapolis International Airport.

This is a developing or constructing an operations office on level two, the ramp level in Concourse A, moving Alaskan Airlines operations office from Concourse B to Concourse A.

This is a delegation is to ensure the schedule is maintained.

We expect this to occur on September 17th.

Motion.

Second.

Any discussion.

For BP 2025-09-7.

First motion by Jeff Gaither.

Second motion by Steve Dillinger.

Barbass?

Hi.

Steve Dillinger?

Hi.

Jeff Gaither?

Aye.

Hi.

Brian Goodwin.

All right.

McClamerock?

I'm going to say.

Conserve for approval award contract for runway 1836 of tax way out of rehabilitation at Hedricks County Airport to milestone contractors LB in an amount not to exceed 4,552, 418.56 cents plus a 10% construction reserve of 455,241.86 cents for a total of 5, 7,660 and 42 cents.

And can I ask how much federal funding can we get on this?

We're expecting 95% up to 95% federal funding project.

We're just waiting to hear.

We actually have the grant, so we have that.

I can confirm that how's that.

Very good.

Thank you.

Um do we have a motion?

So moved.

Second.

Thank you.

For BP 2025-09-07.

Your first motion by Brett Voorhees.

Second motion by Timmy.

Barbara Glass?

Aye.

Steve Dillinger.

Hi.

Hi.

Jeff Gaither.

Hi.

Dwayne Gibbs.

Abstain.

Brian Goodwin.

Aye.

Kevin McClamer?

All right.

Brad Voors?

Aye.

President, you have one abstaining vote by Dwayne Gibbs, and you have approval.

Thank you.

Thank you.

Next, we have our executive director's report, Brian Rod Vegas.

Yeah, President, a member to the board.

Uh I've submitted all my uh all my report in writing, but I'd like to point to them out.

Number two.

I want to point out, which is part of our uh part of the authorities talent development strategy.

We have two new student learners, Lily Russ and Adelaide Lindsey, just in case you see them.

They're one in Lily is the Peterson fellow, and Adalie is our or fellow, and she's also been here before, which uh we expect to keep them long term.

So thank you very much.

Um I'd like to point out number one the financial stability update.

We put it in writing, but I'd like to give Robert a chance.

He has a presentation that will provide some context.

Um this uh write-up that we provided.

Robert two minutes, one slide.

Okay, as a point.

There will be a finance and audit committee meeting after this meeting.

Consider this your invitation.

The reason I wanted to talk about this, what we wanted to do is I was reminded recently that excellence continually delivered, sometimes is not understood as and when you review what has been accomplished, it really brings it forward, and know that everything the staff and even the board, we are doing everything to deliver public value.

That is the goal.

That's why we need to look at this, because having this background allows us to move forward.

So what have we done?

Just some big things in the last 10 years.

We've increased reserves that provides a basis, 88% increase.

Strategic.

Now let's go to what did we do next?

We reduce total debt.

We reduce total debt.

Look at all the assets we put in place in the last 10 years.

It's like six seven hundred million dollars for debt.

So and we have a new hotel in that debt even.

We have that.

We reduced that by 127 million and have added all that through sound management through being able to manage our program and professionally move forward with funding things and managing the uh overall uh program.

But we've done that and increased debt service coverage.

So we've gotten stronger.

So that is actually, and this doesn't make a lot of sense to people.

1.58 to 191.

Just look at it and say we actually doubled the over the requirement.

The 33 uh basis point increase is what that 0.58 to 91 is because we have to minimum maintain a 125.

All right, I'm almost out of time.

I see the thing going off.

We have a premier airline agreement.

We do.

We have moved this organization forward with a stability that is phenomenal.

The agreement, these all tie together.

That's why we're using a hexagon, a shape in nature that's got stability and strength and efficiency, but it it ultimately got recognized by the rating agencies for an upgrade in our rating while we were taking on a new credit profile, a hotel.

It's something to be really understood and appreciated where we sit today, because we are positioned to move into the future and continue to have the ability to deliver public value.

You know what we did also?

We terminated all the swaps and all the variable rate debt.

We reduce risk and another part complexity, the big deal.

Then the last part, we've already talked about it, but ro robust capital investment, the capacity to do it.

Ten years ago, we were having about five and a half million dollars available to invest into capital from the airport's finances.

So that's it.

That's what we wanted to tell you.

Finance and product committees gonna be 10 minutes after this meeting.

Come join the party.

I don't think I can say anything after that.

Okay, with that, our next meeting is Friday, October 17th, 2025 at 8 a.m.

that we adjourn.

Well done.

Good job.

Recording stopped.