I believe everyone is at attendance today, is that correct?

Correct, and everyone except okay.

Awesome.

So we don't have to have a roll call.

Next is the approval of the minutes of the May 15th, 2026 meeting.

Do I have a motion?

So move.

Any discussion?

All in favor say aye.

Opposed no.

Mission carries.

First here is the introduction of ordinance number 02-2026.

Robert Thompson.

Yes.

This is the introduction of ordinance two of 2026, which is for the Indianapolis Airport Authority Subordinate Securities Series 2026.

Supplemental bond ordinance described in the board paper.

This is only an introduction.

It will be brought forward for a public hearing and uh final uh consideration for approval at the next meeting.

It does require all ordinances require two meetings.

So this is the introduction, but to un for you to understand this is the first item.

The third item is similar, but this relates to us funding the capital program with a short-term credit facility instead of going to the bond market and taking a larger bond issue out.

So this will provide us liquidity to execute the program that was approved last year, and when finance and audit committee, I encourage you all to attend after this meeting.

Um we'll discuss the 2027 budget, but there's some items in there because I would expect this subordinate issue approved and implemented to be taken out with a bond issue of public uh fixed rate bond issue, public market transaction in third end of third or beginning of fourth quarter 27.

With that, we'll move on to the introduction of ordinance number 02-20.

It's a different board memo, I guess.

So this is the uh so this is the introduction of ordinance three 2026, which is concerning the 2027 budget appropriations.

Those appropriations will be considered uh with Finance and Audit Committee at the next meeting.

Budget appropriations require three meetings, an introduction, presentation, and approval.

So in July, there will be presentation, and then there will be consideration approval of the appropriation at the August meeting.

Okay, so we'll move on to ordinance number four, and four is similar to number uh two, which was so this is the introduction of ordinance four twenty twenty-six, which is a supplement to IA's master bond ordinance one-2026, and it is authorizing the issuance by IAA of one or more series of refunding senior lien bonds.

So this gives us the opportunity as we are discussing the subordinate with banks.

There's 2020 sixteen bonds, there's thirty-eight million dollars that could be refunded if there's market savings, and this gives us the opportunity to do that.

Okay, does anyone have any questions for Robo about these introductions?

Okay, we'll move on to the um general agenda uh BP 2026-6-4.

Eric Anderson.

Consider for approval board paper 2026-06-04, uh, regarding the on-airport memorandum agreement with the United States of America, Department of Transportation, Federal Aviation Administration for a 20-year term commencing October 1st, 2026, uh, through September 30th, 2046.

So, uh all commercial airports, most public use airports have some type of equipment on their airfield.

Sometimes the airport owns, sometimes the FA does.

In our case, at this airport, the FA owns all of it.

Um so these are glide slopes, localizers, things that that Ryan uses when he's when he's landing.

So um, but it it also includes weather sensors, wind shears, all sorts of things that are all designed for the safety of aircraft.

So again, this is a 20 year term.

Um, these are essential services and equipment, so there's no rental associated with them.

Um, this is something that we've had for decades upon decades here.

So one question for the board.

With things like this, would you like us to recommend or consider?

Would you consider delegated authority?

Or leases like this with the FAA because it's it there's no option to it, right?

That if everybody else does.

I guess but it's only like every 20 years, right?

Yeah, no.

Well they're they're all over the place.

They're they're right.

So you you could expect these coming up every so often because there's different leaseholds on the airport between navigation aid, radar things like that.

And there's really no option.

Yeah I understand there's no option I just the next generation I I wouldn't want to decide how they want to approve something.

All right.

Um I know we've had that before when we have 20 and 30 year leases that's like hopefully whoever's around 30 years from now we'll see.

We'll do whatever the board wants so we trust you with with everything Mario but we don't I don't know who's gonna I mean unless you want to hold your seat for 20 no no no no no I'm doing that good it was just a question.

Any questions?

My question is can you delegate 20 year please Brian was there a term well under the delegation authority Toby I think it's tied to a dollar amount and there's no dollars in this contract.

So that's why I was thinking it was probably doable.

So I think we should look at that just to confirm.

Because I I have a problem with delegation except I want to make sure we've thought through well it's just a question it's not uh you know because most of these things with the FAA it there's not an option there's not an option not to lease the land at the air traffic control towers on there's not an option lease the glide slopes and things of that nature.

How about if we decide this later how we're gonna do this but at this time I will ask if we have a motion for this particular second.

Any further discussion all in favor say aye aye oppose no motion carries EP 2026 dash six dash five for approval board paper 2026-060-05 regarding a land and building lease agreement with Simon hangar LLC for a five year term commencing July first twenty twenty six along with three five year options uh I think we're all familiar with with the Simons and um they have been on airport uh since 1986 so quite a long time one of our uh uh great business partners here this is uh started on a land lease they about halfway through they expanded the for for some time they had two Gulfstream aircraft then three so that's what you see today that's located on high school road um as as you see here so going north from runway 1432 you have assignment facility which is next to Comlux which is then next to Eli Lilly so Simon is the blue hanger um rental is uh in that five year period uh annual rental is 384 thousand six hundred fifty two that's uh a twenty thousand dollar increase per year um the the airport authority has no cost associated with this lease answer any questions we have a motion so moved second any discussion questions for Eric all in favor say aye aye aye's no motion carries ep 2026-6-6 Eric consider for approval board paper 2026-0606 regarding an FTZ operated agreement issue issuance of a uh grantee sponsorship letter for Motilla fulfillment LLC this is to enable uh FTZ designation for their site in Greenfield, Indiana um to to take a step back, and as as Jeff is very well aware, but with the current administration and and its work on tariff-related subjects, we've been busy um prior to that, we had about 16 uh operators in the program.

By the end of the year, we'll probably have a total of around 35 so more more than double, and um, and again, it's all related to tariffs, taxes, etc.

So our latest is Machilla, and uh they are uh uh a warehousing fulfillment type of operation.

They uh specialize in home goods and apparels.

So this is again in Greenfield, Indiana, it's a little bit over three acres, um, which uh equates to uh an annual uh fee of thirty-six thousand dollars.

So happy to answer any questions for that.

You have a motion, so moved back.

Any discussion questions?

Hearing none, all in favor say aye.

Aye, opposed no, motion carries.

Moving on to the capital agenda 2026-6-7, Jerry Klaus.

Thank you.

Consider for approval change order number five, final imbalancing with William Charles Company for the AirTech Parkway extension project at the Indianapolis International Airport and an amount not to exceed 250,204.04 cents.

But this is the project we built brand new roadway.

It was in partnership with Plainfield, um, but all came about because of a grant uh federal grant and uh costs beyond the grant.

Uh the court agreed uh a few years ago that was proposed and accepted as a 50-50 split.

Uh so this change order amount will be split with the town of Plainfield.

Um we did run in, as you might imagine, even though we did some geotech work, some locations of unsuitable soils.

Uh we also had some issues uh with some of the piers getting some layers of rock that we had to get through, and then most importantly, about a month delay.

We had an original schedule worked out with MISO to turn the electric transmission line off so the crane could get in and set the beams for the bridge.

And uh turns out that fall we had a heat wave, and that was delayed a month to get the get that done.

So those are what make up the spike check.

We have a motion.

So I'm a second.

Any discussion?

None all in favor say I.

It carries BP 26-6-9.

Center for approval on a word of contract for the rebid of the Vail 2025 ground service equipment charging for the concourses at the Indianapolis International Airport to ERMCO and an amount not to exceed $3,474,900, plus a 10% construction reserve of $347,490 dollars for a total amount of $3,822,390 dollars.

Firmco is the lowest responsive and possible bidder.

This is a 75% grant-funded project, and uh it will provide electric stations on the concourses uh outside the concourses for the airlines to use uh bringing in electrified equipment as opposed to these power.

We have a motion.

So moved, second.

Any discussion questions?

Okay, all in favor say aye, opposed notion carries BP 2026-6-10.

Um and two.

Thank you.

Okay, consider for approval action one an award of contract for the ready return parking lot at the Indianapolis International Airport to milestone contractors and an amount not to exceed $5,596,000 plus a 10% construction reserve of $559,600 for a total amount of six million one hundred and fifty five thousand six hundred dollars.

Milestone was the lowest responsive responsible bidder.

And so Milestone gave us really good pricing on this project.

Uh we have, of course, as we normally would do, been monitoring pricing on all of our projects, but particularly as uh the price of oil goes up, so does the price of asphalt.

Uh, we did some value engineering of this project before it was bid to make sure that we did as much as we could get of what the rental cars operational needs were and still make it fit in the budget.

Um, but milestone has agreed to give us the benefit of the unit costs in the bid, and we're rolling back in some of the things that were value engineered out of that project.

So that's what I'm about to ask for for IP T.

Consider for approval action two, change order number one of the contract for the ready return parking lot at the Indianapolis International Airport's milestone contractors and amount not to exceed 1,098,785.

We have a motion.

So moved.

Second.

Any discussion?

All in favor, say aye.

Aye, aye.

Opposed no.

There is moving on to our executive director's report, Mario Rodriguez.

Members of the board, thank you.

I've submitted it.

I are my report in right, but I'd like to point out a couple things.

One of them is not in the report, is that Eric, after dedicated decades of service, has decided to retire.

And the good news is that he's going to be transitioning more of a consulting role.

We already have a contract with him, and he's going to be continuing the assistance that he's given the party for multiple decades.

So please join me in thanking him for his.

over the techniques that the airport has used, which is it it goes outside of our core competence to really think about it, but it's something that was necessary and uh Rachel over here led to charge and developed a program that is building a lot of results on public safety.

And this is just one of the of the things that we're using.

So your authority will continue on for decades to come without a workforce problem.

So much so that Rachel join me in in embarrassing her.

She got an award uh the NAC N N N A C E employer recruiting champion award so uh congratulations.

You know we continue the awards that this authority gets and everybody gets within the authority it's not we don't go after the awards it's just a byproduct of these boats and this team being so incredibly exceptional.

And one of them is Sean O'Dell Connexus Rising 30 uh where is it up?

And I know we have a very very uh interesting budget meeting next so I'm gonna at this point I'm gonna conclude it and it's gonna be scintillating if everybody wants to stay that concludes my report thank you um any other comments or things for we did that record none our next meeting is Friday July 17th 2026 at 8 a.m but that meeting's adjourned well start 10 minutes okay