OPENPUBLICA · PUBLIC MEETING RECORD
Record of Proceedings

Indianapolis Airport Authority Board Meeting - May 15, 2026

Other Meetings (I) — Friday, May 15, 2026
BodyIndianapolis, Indiana
SessionOther Meetings (I)
DateFriday, May 15, 2026
StatusFILED
Video Record
0:00 / 30:10
Transcript — Verbatim
0:00

Good morning.

0:03

The May 15th, 2026 meeting of the Indianapolis Airport Authority Board.

0:08

First on the agenda will be a roll call.

0:21

Oh, okay, thank you.

0:24

Eric Dozier?

0:25

Present.

0:26

Steph Gaither?

0:27

Wayne Gibbs?

0:28

Brian Goodwin?

0:29

Here.

0:31

Kurt Schlader?

0:32

Here.

0:33

Brent Morhees?

0:34

Here.

0:34

And Brian Tulle for legal counsel?

0:36

Here.

0:37

Madam President?

0:37

Yeah.

0:39

We will change if Tobika comes on.

0:42

But right now, next is the approval of the minutes of the April 17th.

0:48

Move.

0:50

All in favor say aye.

0:51

Aye.

0:52

Opposed no.

0:53

Motion carries.

0:58

Next is consider for approval adoption of resolution number six-2026.

1:03

Robert Thompson.

1:04

Yes.

1:05

President.

1:06

Board members, please consider for approval the adoption of resolution six 2026, which declares the official intent to reimburse cap certain capital costs with future tax exempt debt borrowings.

1:19

This is an administrative step.

1:22

Does not commit the authority to future debt borrowings, but it allows the reimbursement of projects costs that are being incurred right now with tax exempt debt.

1:37

I move approval.

1:39

Second.

1:40

Any discussion?

1:43

All in favor say aye.

1:45

Opposed no.

1:48

Next is a public hearing.

1:52

Oh, Tamika's on, so we will be doing our um we have a public hearing for a real estate agreement with Pace Property Holdings, Marshall World Store.

2:02

Thank you.

2:03

Yes, uh, thank you, and good morning, uh Madam President, members of the board.

2:07

Uh we have a public hearing for a real estate agreement with Pace Property Holdings for the sale of land consisting of approximately 21.996 acres located along AirTech Parkway East in Plainfield, Indiana, or a total sale amount of $2,700,602.89 cents.

2:26

So this uh parcel is just north and adjacent to the newly dedicated Air Tech Parkway expansion.

2:33

Uh to Pace Property Holdings uh should be up on the screen.

2:38

Uh Pace Air Freight is a locally owned global logistics company with over 45 years of experience within pharmaceutical, biotech, and life science sectors, and this parcel will be part of their planned life science park uh that will include an 85,000 square foot headquarters for the company.

2:58

Uh this is based on the average of the fair market or the fair market value transaction, the average of the two appraisals, 122,777 per acre is where that came out, which meets that fair market value transaction requirement through the state of Indiana.

3:18

There are no grant dollars associated with this, so we're not required to seek FAA approval uh relating to this.

3:25

Uh the conveying of this parcel to pace includes the standard perpetual land use restrictions and covenants, including noise disclosures, avigation easement that always run with the land.

3:38

Okay, um with that I will open the public hearing and we've received any messages from public on this so far.

3:47

Anything from the meeting comments or questions on this?

3:54

That will close the public hearing and we'll go on to the vote.

4:00

Consider for approval.

4:01

Uh a real estate agreement with Pace Property Holdings for the sale of land consisting of approximately 21.996 acres located along AirTech Parkway East and Plainfield for a total sale amount of $2,700,602.89 cents.

4:16

Okay, um, do we have a motion?

4:19

Second.

4:20

Any discussion?

4:24

Wayne.

4:31

For BP 2026-05-02.

4:34

Your first motion by Wayne Gibbs.

4:36

Second motion by Jeff Gaither, Barbara Voss.

Discussion Breakdown — Share of Meeting
Engineering And Infrastructure██████████████████████████26%
Economic Development████████████████████████24%
Public Safety███████████11%
Procedural██████████10%
Technology and Innovation██████████10%
Parks and Recreation█████████9%
Fiscal Sustainability████████8%
Community Engagement██2%
Summary of Proceedings

Indianapolis Airport Authority Board Meeting - May 15, 2026

The Indianapolis Airport Authority Board met on May 15, 2026, to consider a range of operational and financial items including a land sale, lease agreements, contract awards, and the annual audit. All votes were unanimous.

Consent Calendar

  • Minutes of April 17, 2026: Approved unanimously.
  • Resolution 6-2026: Declared official intent to reimburse capital costs with future tax-exempt debt. Approved unanimously.

Public Hearing

  • Real Estate Agreement with Pace Property Holdings: Public hearing for the sale of approximately 21.996 acres along AirTech Parkway East in Plainfield, Indiana, for a total of $2,700,602.89 (based on appraised value of $122,777 per acre). No public comments were received; the hearing was closed. The item was subsequently approved unanimously as BP 2026-05-02.

Discussion Items

  • President's Report: Noted the topping-off ceremony for the new hotel, thanking all involved.
  • Independent Audit (BP 2026-5-3): Received the independent auditors' report and financial statements for the year ended December 31, 2025. All four audit opinions were clean (unmodified) with no compliance or control issues. Approved unanimously.
  • Urban Farm Lease (BP 2026-5-4): Approved a 20-year lease with a 10-year extension for an educational urban farm on airport property, managed by the City of Fishers. The farm will include fields, gardens, livestock, a playground, nature trail, and nurseries. Starting rent is $78,408 per acre for the first five years, with CPI increases every five years thereafter. The FAA approved this as a compatible use. Approved unanimously.
  • Foreign Trade Zone Agreements (BP 2026-5-5): Approved three FTZ operating agreements: (1) Legacy Supply Chain Services in Greenwood (13.4 acres, 84,000 sq ft, $48,000/year grantee fees); (2) Radial in Hendricks County (two sites: Brownsburg and Avon, total ~30 acres, ~1.29M sq ft, $48,000/year); (3) Uragi in Boone County (two sites in Whitestown, total ~53 acres, ~2.3M sq ft, $60,000/year). Approved unanimously.
  • Software Upgrade (BP 2026-5-6): Awarded a contract to Vigilant Technologies LLC to upgrade Oracle EBS and PropWorks management software, not to exceed $294,030. This will move the systems to the cloud and provide another 5–8 years of use. Approved unanimously.
  • Emergency Phone Refurbishment (BP 2026-5-7): Awarded a contract to Gibson Tel Data Inc. to refurbish and upgrade blue emergency phones at Indianapolis International Airport. Total amount: $673,711.50 (including a 10% construction reserve). The phones were original to the terminal (nearly 20 years old) and are tied to the emergency operations center. Approved unanimously.
  • Amendment for GTC Drive-Through Lane (BP 2026-5-8): Approved Amendment #4 with Synthesis for construction administration on the GTC drive-through lane renovation project, not to exceed $33,931.25. Approved unanimously.
  • Delegation for Runway Rehabilitation (BP 2026-5-9): Delegated authority to the Executive Director to approve and execute a contract for construction services for the north parallel runway rehabilitation (taxiway paint and striping issues). Estimated cost between $500,000 and $1,000,000, expected to be at the lower end. Approved unanimously.
  • Taxiway R Realignment Design (BP 2026-5-10): Approved Amendment #1 to the professional services contract with Butler, Fairman and Cypher for taxiway R realignment design, not to exceed $3,672,155.74 (75% FAA funded). The realignment will move the taxiway approximately 200 feet east to allow additional RON (remain overnight) aircraft parking. A typo in the board paper was corrected (FAA requested the split, not the IA). Approved unanimously.
  • On-Call Professional Services Amendment (BP 2026-5-11): Approved Amendment #1 to the 2026 on-call professional services contract with CE Solutions, increasing the amount by $50,000 to address a tunnel support issue near the hotel site (concrete supports lacked drainage). The increase is for budget purposes; not yet expended. Approved unanimously.

Executive Director's Report

  • Recognized Police Officer Robert for winning the Rose Award (hospitality award), a rare honor for a police officer. Also recognized Megan for being named top woman in PR and communications by PR News.

Adjournment

  • The next meeting is scheduled for Friday, June 26, 2026, at 8:00 a.m.

Meeting Transcript

Good morning. The May 15th, 2026 meeting of the Indianapolis Airport Authority Board. First on the agenda will be a roll call. Oh, okay, thank you. Eric Dozier? Present. Steph Gaither? Wayne Gibbs? Brian Goodwin? Here. Kurt Schlader? Here. Brent Morhees? Here. And Brian Tulle for legal counsel? Here. Madam President? Yeah. We will change if Tobika comes on. But right now, next is the approval of the minutes of the April 17th. Move. All in favor say aye. Aye. Opposed no. Motion carries. Next is consider for approval adoption of resolution number six-2026. Robert Thompson. Yes. President. Board members, please consider for approval the adoption of resolution six 2026, which declares the official intent to reimburse cap certain capital costs with future tax exempt debt borrowings. This is an administrative step. Does not commit the authority to future debt borrowings, but it allows the reimbursement of projects costs that are being incurred right now with tax exempt debt. I move approval. Second. Any discussion? All in favor say aye. Opposed no. Next is a public hearing. Oh, Tamika's on, so we will be doing our um we have a public hearing for a real estate agreement with Pace Property Holdings, Marshall World Store. Thank you. Yes, uh, thank you, and good morning, uh Madam President, members of the board. Uh we have a public hearing for a real estate agreement with Pace Property Holdings for the sale of land consisting of approximately 21.996 acres located along AirTech Parkway East in Plainfield, Indiana, or a total sale amount of $2,700,602.89 cents. So this uh parcel is just north and adjacent to the newly dedicated Air Tech Parkway expansion. Uh to Pace Property Holdings uh should be up on the screen. Uh Pace Air Freight is a locally owned global logistics company with over 45 years of experience within pharmaceutical, biotech, and life science sectors, and this parcel will be part of their planned life science park uh that will include an 85,000 square foot headquarters for the company. Uh this is based on the average of the fair market or the fair market value transaction, the average of the two appraisals, 122,777 per acre is where that came out, which meets that fair market value transaction requirement through the state of Indiana. There are no grant dollars associated with this, so we're not required to seek FAA approval uh relating to this. Uh the conveying of this parcel to pace includes the standard perpetual land use restrictions and covenants, including noise disclosures, avigation easement that always run with the land. Okay, um with that I will open the public hearing and we've received any messages from public on this so far. Anything from the meeting comments or questions on this?

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