All right.

Morning, everyone.

Call to order the July 17th, 2026 meeting of the Indianapolis Airport Authority.

First, we're going to have a roll call.

Barboglass?

Here.

Steve Dellinger?

Here.

Here.

Join Gibbs.

Here.

Here.

Kurt Schlater?

Here.

McCorhees?

Here.

And Brian Jwe for legal counsel.

Here.

Okay, very good.

Next is the approval of the minutes of the June 26th, 2026 meeting.

Do we have a second?

Any um discussion?

I'll um I'll take a roll call.

All right, for the June 2026.

June 2026 board meeting minutes.

You have a first motion by Steve Dillinger, second motion by Toad McLamarck.

Harburglass?

Aye.

Steve Dillinger.

Hi.

Speaking of catchings.

Aye.

Dwayne Gibbs.

Hi.

Kurt Schlater.

Hi.

Fred Morhes?

Hi.

President.

You have UNS approval.

Okay.

Next is the public hearing for ordinance number uh 02-2026.

Yes, this is related to the subordinate securities series 2026 supplemental bond ordinance as described in the board paper.

Was introduced at the last meeting and is a short-term credit facility that will allow the implementation of the already approved capital budget, but there are a few projects that are coming through this budget cycle as well that if approved, then would be funded using this same credit facility.

The credit facility for this supplemental uh bond ordinance.

It is subordinate because it would be the short term, and it was what was recommended by both our financial advisor and as we've discussed with the bond bank and bond council as a wise approach.

Um hundred and eighty-five million dollar maximum, and we uh do have an RFP on the street in order to uh time the approval and then working with the bank uh to implement it.

So our things but with that's uh any questions before we have a public hearing that may held anybody that would want to speak.

Well, hearing none, we are going to go ahead and open the public hearing for um ordinance number 02-2026.

Have we got any public comments?

We have not.

And any public comments.

No comments here.

Hearing none, we will move to consider for approval and adoption of ordinance number 02 2026.

Yes, please consider for approval and adoption ordinance number two, 2026, the Indianapolis Airport Authority Subordinate Securities series 2026 supplemental bond ordinance.

We have a motion.

I move approval.

Second.

Any discussion.

Hearing none, um, we'll take a roll call though.

Ordinance 02-2026 for BP0701.

You have first motion by Toby McClellar, second motion by Steve Dillinger, Barbara Glass, aye.

Steve Dillinger, aye catchings, aye.

Toby McClamrock.

Aye.

Hi.

Next we have the presentation of ordinance number 03-2026, Robert.

So this is the second of three uh actions or uh board uh events related to the budget.

It takes three board meetings, a introduction.

This is the presentation and the public hearing related to it, and then in August, there'll be an adoption that will be presented for you to consider adoption.

I am gonna start us off.

I'm gonna hand this then to go over the capital section to Jared and then Elias will bring us home with the operating portion.

Um this budget was presented to finance and audit committee, the appropriations and the underlying budgets were um at the June 26th meeting.

It was approved for recommendation for the board to consider at that meeting, and we did something different that has been very helpful to me to even grow in my thinking of Indianapolis Airport Authority, our meeting to the community.

We asked Dr.

Philip Powell, who is uh head of the and let me get his exact title.

And if you go to the next slide.

There we go.

He's the executive director of Indiana Business Research Centre Center, I.U.

Kell Kelly School of Business and a clinical professor and business economics and public policy.

Carries a lot of cred.

He came in and he showed us with a lot of detail.

Guys with economics, they used lots of data, come to conclusions, and was convincing in the positioning of what he then went to say.

But I was thinking about it much more narrowly.

I was thinking about it as we spend money goes into the economy and it turns.

And then I stopped thinking about it.

He went one step further and said it's much more powerful than that.

He said that Indianapolis Airport is electricity that energizes positive feeling about Indianapolis and what the results of that were.

As we are the first and the last when people come to visit, they come to look at Indianapolis as a potential, bring their business.

Employees are coming in, they're flying in.

At the end of the day, there's still a subject of business decision made.

And this pushes those decisions forward.

Having a positive view of Indianapolis.

Things we do here, he said, don't think about them as a day to day.

These are long play items when we are considering building parking garages, having a terminal that works, having staff that engages and makes a positive experience.

It was it is the basis, and it really underpins us being such a positive force, an economic impact to the region.

So the other thing that he said is this realize that our expenses are viewed as high yield regional investments that drive our region's competitive edge.

So it was helpful to me to see him put us in the ecosystem of how important we are, Indianapolis Airport.

And that he said every conversation that happens, Indianapolis Airport is a component of that with new businesses, the strategy that's happening with the heart, the bioheartland strategy that's being pursued at the state level.

So he went on to indicate that we are more than just an excellent, well-managed, strategy-driven, check the box transportation hub.

But rather we are a core component to the future success of Indianapolis and the region.

Next slide.

So as you can see, that is the rolled up numbers that uh made up the appropriation of 330 million dollars that the board approved last year.

Those we always have there's some ongoing projects.

Uh last year was 130 million.

This year we estimated to be uh 200.

Uh, new projects in the budget last year's was 98 million compared to 131 this year.

The estimated potential carryover of things ongoing, 5 million to 27, and then the hotel.

The hotel, the difference is really just timing on when the money was spent on the project.

The budget for the hotel has not changed.

And so that led us to um the capital budget numbers of 315 and 425.

Uh, you might recall we had a large discussion about some potential concerns about what would happen in the national economy.

We had a number in there of 15 million, if there was a decision to try and speed things up along the way last year, and that led us to the overall appropriation of 330 last year, and that in comparison to the 425 seeking.

And that in comparison to the 425 we're seeking.

Next slide, please.

So just a little bit of detail about what makes up that number, the difference of investment.

We're bringing forward what you were exposed to last year, the expansion of the parking garage to the south.

That was in the five year, it was toward the outer uh range of the of that timeline.

We're bringing that forward, and uh fact uh here in a few weeks we'll have the solicitation out for the design work to uh go ahead and do that expansion again at this year.

Uh the baggage handling system as we have gone through all the technical evaluation, evaluated the types of equipment and systems, the things that we need the future proof this airport and provide the ability to uh acquire more air service and make sure that we are ready to meet those needs.

Uh that system uh has increased by about 70 million dollars.

That's not a surprise based on the work that was done, uh, but that's the the difference that you see uh exposed in the budget.

Uh we have as we always do, several projects in the budget that are grant contingent.

And so uh certainly uh you you will recall we do that a lot with the pavement projects on the airfield at all of the airports.

We also have uh some energy resiliency projects, but there was uh a lot of thinking about what we include in the budget with regard to that is whether those funds are available uh under the current federal situation.

We have had conversation uh early this year uh with some of the federal agencies.

Uh, they actually called us and said, hey, we'd like to talk to you about your successes with your solar projects.

Uh we were uh thought of as an organization that uh did that well that implemented them well and uh figured out a good way to incorporate those assets into the system, and we were led to believe that uh the purpose in that phone call was getting Congress ready to approve additional funds for those types of projects.

With that as the background, you'll see grant contingent projects that we continue to show because if those funds become available, we don't want to miss an opportunity to be able to do those projects.

Um again, our more traditional you know, taxiway Romeo and uh taxiway uh PAPA.

Some of those are uh changes.

Uh you might recall some of the contracts earlier this year for that work as we began.

We said it would be lumpy.

Uh that is because of how FA has advised us the grants are likely to become available.

So again, these projects aren't new, but the timing of how we do them and how we break them up causes us to show them uh differently in the budget than what you've been exposed to before.

Economy lot B expansion, uh, that will be uh over by the event lot uh out on the uh western uh southwestern edge of the campus.

Uh that's uh that will be an expansion, I believe about 1900 spaces.

So another surface slot expansion.

Uh keep that in contrast in your mind to what you recently approved, which was a contract for a rental car uh lot next to the firehouse station number one.

Um and then of course uh we will have a contract uh later that deals with uh work out at Indy Regional.

Uh it is time to re fully reconstruct that runway.

Uh, as we work with FAA about timing on grants for that, uh, what we are currently uh doing is a uh a short-term fix to keep it safe and serviceable until we get to a point that we can do a full reconstruction.

So that's why you're seeing a reduction actually in that one is that full reconstruction is moving out in the budget, and we're gonna do a shorter term fix, bridge that gap.

And then again, another terminal energy resilience.

Uh, what that translates to is more solar cover parking out in the surface lot, which I'm sure uh you you now see that uh those uh panels going up on the I'll call them car ports out in front.

Um so that uh that concludes the uh the major projects that uh constitute uh the vast majority of the change from last year to this year.

Matt, next slide, please.

So uh just a little bit more detail.

I won't go through each one of these, but when we talk about on that first slide, the ongoing projects uh that that carry forward from from budget year to budget year.

Uh, this is a list of those projects.

So in uh 2027, uh, we're estimating a 62 million dollar spend on the new baggage system.

Those are the spins for the uh tax away projects here at IND that we just spoke about.

Uh so uh most of those you know carry through, and then at the end, there are 34 other projects under three million dollars, and that's where we get the 201 million uh in ongoing projects.

But if there's anything specific on that list anybody like to talk about, I am more than happy to do that.

Matt, next slide, please.

And so then uh again, new projects.

So again, we talked about the garage expansion, uh terminal energy resilience, the next phase of money becomes available.

It's a grand contingent project, uh, stormwater de-icing uh controls.

Uh there will be more to come on uh that project.

Uh many of you will recall uh when we did that uh expansion of the system.

We have some legacy issues that we're still trying to resolve with the contractor, but we've at this point got to start budgeting uh things that we need to do to fix it.

Jonathan's been helping us with uh how we approach recovery of that so that we're made whole, but you'll start to see those projects show up in the budget.

Um we originally last year in the budget, we had a um fairly extensive rehabilitation of the boarding bridges uh at the gates.

Uh we have done analysis and determined the best course of action for us, the best bang for our buck is really to just do a wholesale uh replacement of those, and so that is now what's reflected in the budget.

That will be a multi-year approach, just because as you would imagine, uh you can't order all of those at once, have them delivered in the phased face approach.

Uh, it would be anyway for how we would handle it at the airport, but you also can't uh buy a large quantity of those at one time currently.

Uh new uh hardware and software on our parking system, uh deicing controls and improvements at some of the locations around the campus.

This one's at Mars Ditch, uh backup heating and cooling, uh project for the terminal, uh, some fencing at regional, and then another new project that might be of interest.

We're looking to uh go back and do that uh heated and uh perhaps aesthetically enhanced walkway between the garage and the doors of the terminal.

So that's reflected here as well.

You might recall there was some discussion we value engineered that out of the hotel project uh at one point, but there's been a lot of discussion about trying to put that back.

Um so we're allocating some funds to try and do that, and then of course, we've got the the catch-all for the other projects.

Um but that's uh that is the detail behind how we get the 425 million for our requested appropriation question Robert Matt.

Next page, please.

And we only have three slides for the operating budget.

I do want to encourage each board member to obtain an electronic copy of what we presented to the finance central committee from both the capital budget and also the operating budget.

There's a really good information, both of them come contain appendixes, and if any of you have any questions, feel free to reach out to any of us and we can we can we'll be glad to give you information.

As we're looking into the operating budget, I want to start big picture.

So the talking process we discuss with the Finance Arena Committee in April to review the assumptions of the budget, and what you're gonna see in the expenses budget, there's really no deviation from this assumption that we discussed with the Financial Committee in April.

The only the only change was with that we mentioned that with the information we received with FedEx uh related to cargo activity.

So we'll review it and consider to see if we will use that as a base, as Robert is explained that to the Financial Committee.

We receive the information, but the first few months uh they have not been as strong as their assumptions that they gave us.

So we we prefer to stay conservative in our in our cargo assumptions, that's similar to what we have in the 2026 forecast.

That's the only change.

But when we look, what you're gonna see in numbers is very similar to what we compare with the assumptions back in April.

15% increase in in insurance policies, 9% increase in many conhealth, 8% increase in annual merit, and also cola.

And of course, all of this just creates a capacity for later the HRC to make decisions in regards to how to pursue 10% increase in electrical cost, 3% increase in chemical cost, but that is those are the assumptions.

You're gonna see the outcome of those.

When we're looking at a passenger activity, we will discuss on here, we are assuming flat budget to budget, and also our forecast for 2026, it's still the same number.

Even though you can clearly see 2024 and 2025 are stronger years, right now you can see pretty much a 3.2% drop into our conservative assumption for 2026.

But that is that is where we believe that it's proper for us to consume assumptions.

As Robert has been receiving some phone calls from airlines, whenever the spirit notified that they will stop operating, Robert clearly explained to the airlines there's no need for us to adjust our assumptions because we were proactive.

When we create a 2026 budget, we were expecting some slowdown.

Robert talked about how there's uncertainty, and that's why what we are have been recommending to the Financial Committee and to the board is in regards to revenue and regards to passenger assumptions to remain conservative.

So this is in regards to passenger activities.

Then also if you remember, when we when we created a 2020, the the budget for this year, the 2026 budget, we pretty much were flat in expenses year to year.

So what we're gonna see right now in 2027, it will be practically impossible for us to have another budget flat flat.

So you're gonna see an increase now, where now we're we we went, we're right sizing whatever whatever makes sense.

Some things are older, so repairs and different things.

Now we're right sensing some of those expenses for to accommodate for this two-year increase that that is taking place for 2027.

So that is big picture when what we're gonna be seeing here in these slides.

If you can go to the next slide, please, Matt.

And this slide, I wanted to talk first about revenue.

When we're talking revenue, you can see here our airline revenue increasing from 11 million to 117 million.

I'm gonna round to for efficiency, and you can see a flat non-airland revenue.

There's a lot of components pretty much in that non-airland revenue that are making a lot of changes.

Where we can see in IMC, there's a reduction of 3.1 million because of the AER lease.

Then there's other increases, like we see retail increases because of H HC Tavern and also other other contracts.

We see the impact of clear, we see impact of growth in TNCs, we see a FedEx reduction of 1.4 million as well.

And that was already anticipated.

That we knew from that agreement that was like before this terminal was built, that I believe it's like 2006, Robert mentioned at that time that FedEx agreement for the April was gonna we're gonna drop the revenue that will be remained that we'll be receiving for an amount of 1.4 million, but the outcome of all of that is almost flat for non-enrolling revenue.

And then we're planning to show to the board both for revenue and also expense the hotel as a separate line item.

So then that way in the next years, you can clearly see what is what is our base and then what is the hotel item.

You can see here the revenue that we are assuming for 2027.

We don't have yet an start date, but we need to have an assumption.

So that is that is what we believe is proper that 5.1 million, and then we have PFCs and CFCs practically flat.

If we can go to that next page, so that page that we saw of revenue, it had a around 21 million dollar increase in revenue, which is about 76.6% increase the revenue.

This is light, the bottom line, when we're looking at the expenses of the operating budget, it's about 15.9 million increase or 6.4% increase.

And remember, we're accommodating here for this two-year increase of expenses that we've seen.

Now, as we are talking here of expenses, we can see here from the people cost personal services, we see a 4.9 million increase, and it is practically the items that we discuss in the assumptions of the Finance Order Committee.

What is different besides that merit and that health and health care increase after all the discussions from the from all the departments, and then after Mario and each other review that they approve, we have an approval with an increase of only five positions.

It's a half a million dollar increase that in total, it's an airfield maintenance worker, building maintenance worker, round transportation coordinator, IT service desk technician, and for public safety, we have a director of security and operations.

Those are the only changes when we're looking at additional headcount.

Everything else is the assumptions that we discussed in April with the Finance Center Committee.

The next line is 10.2 million going to 10.9 million.

There's several changes there.

I'm not going to go through all of those details.

And when we're looking at contractual services going from 53.4 million to 57.4 million, we see we already talked about insurance based on the assumptions.

That's about 700,000 increase.

We also have a lot of the increases that we have based on agreements that the board has approved, or either when we're looking at capital projects, there's also some increases.

Some of them will have some annual expense.

Like you want there's an expense for the microgrids of $360,000, but it also comes with electricity savings.

You're going to be able to see the savings in electricity, the increase in the expenses, and some of them, Lisa was able to help us color code with some blue and yellow, so you can you're able to follow it easy in that packet that you will receive.

And process wise, like Lisa and I, we spent about uh, and Lisa, could you raise your hand?

So this is my right hand in accounting and finance.

She has been our department since 1998.

We meet with every single manager of a budget, and we review, we discuss.

So all this is just the roll-up of we look at trends, and we say yes to some stuff, we say no, and it's this is not just us, also the managers.

The leaders are there.

So we we it's a process where we're spending time through through all of this, and we're just trying to bring you the outcome of all of those meetings in a simple way that you can follow.

So that's why I will encourage you to obtain a copy of this packet.

So some of those increases you're gonna be able to see them there.

There is repairs and maintenance, it's a bigger increase.

Things are getting older.

We have a 1.9 million dollar impact there.

A lot of it is because of the annual contracts, which you have seen here as an approved in the last couple of years.

Elevators and escalators is an increase of $574,000, force and security about $390,000, the baggage system about $98,000, and uh amano upgrade, $75,000.

There's some things that are needed for environmental on annual basis, it's about $35,000.

And we terminal services, when we're looking, there we're right sizing what is needed now.

When we have seen based on what how we're cleaning, and even here in in central Civic Plaza, it's a $600,000 that the right sizing what we need for cleaning there.

So vergie contract increases about $120,000.

Uh Camacho contra increase, $87,000, and so on.

There's many of these details here, but it is nothing, all of this is things that maybe you have seen in meetings, approved contract that you have approved.

Now, when we meet with every single manager, now we can we can we we feel comfortable to prepare a budget that includes all those numbers.

Now, the next item operating capital, we intentionally reduce it in 2026 to 508,000.

And that was because we wanted to try to have a flat budget.

When we went in the reviewing with every single department, and we looked to see, hey, are we are we okay?

Are we do are we gonna be able to stay within the 2026 budget?

In in pretty much in most of the areas, especially in operating capital, we were able to do that.

When we're looking at public safety, we have been investing continuously fixing repairing vehicles and and and some of the like like police and fire dimension.

I think that year, for us skipping that year, it doesn't hurt us.

Where it's okay if, for example, a vehicle that is replaced normally 10 years is now 11 years or something like that.

So now we're right sizing it properly to the 1.4 million dollars.

Okay.

We don't really have discretionary items here.

These are things that we that we that are needed for the authority for us to continue to deliver in the public value that is needed for 2027.

Now we see the hotel as a separate line item, 5.1 million dollars, and then the service, we have the normal that the increase of the service.

This is in additional interest.

We have around 5.5 million dollars of interest because of that that the debt that we issue in 2025, including the hotel that the hotel.

So we need to now have that dev service for 2027.

And if can you go to that next slide, please?

And this is just a high-level summary for both what Jared spoke and myself in regards to what we're proposing for you is a change in appropriation for 2020 2027 going to 425 million million dollars for CIF, and then for the airport system fund budget, 263 million two hundred and ninety-two thousand dollars.

That concludes our presentation.

Okay, so I'm gonna move on to the public hearing for ordinance number zero three-2026.

Um, have we had any comments come in?

We have not for budget.

I think any comments from the public here.

Our budget.

Any money to get ice to uh monitor the ice activities at the airport?

I believe it does not.

Can that be added?

Um, not at this time.

Um with that, I will close the public hearing and we will go on to the next public hearing for ordinance number 04-226 Robert Thompson.

Yes.

So this is supplemental ordinance that is similar to the one we've already adopted, but has a different purpose.

Um, so this is uh supplement to IA's master bond ordinance 01 2026, which authorizes the issuance by IAA of one or more series of refunding senior lien bonds.

The purpose of this is we have bonds that are callable.

The uh it's only 38 million, not enough dollars to do a separate transaction.

But as we went through looking at the subordinate short term, we'll be discussing with banks, and it was advised that we create this opportunity.

So that's why the single ordinance that we did before didn't have it wrapped in.

We came back and said, let's do a second ordinance.

I believe then this would then lead us to the public hearing if there are no other questions.

That I will open the public hearing on ordinance number 04-2026.

Do we have any comments?

Yeah, any comments from the public.

Can we include money in the budget for monitoring ice installing cameras?

That is not in the budget at this time.

Um, is there a reason why a couple thousand dollars can't be added to put cameras in to monitor the human trafficking happening at the airport?

So noted.

With that, I will close the public hearing and we will go on to consider for approval the adoption for ordinance number 04-2026.

Motion to approve second.

Any discussion?

All right, none we'll take a roll call though.

But BP 2026-0307-03 for General Orange 04 2026.

You have a first motion by Steve Dillinger, second motion by Tony McLean.

Hi.

Steve Dillinger.

Make it catchings.

I'm easy.

All right.

Okay.

Glad to know I have no report today.

We'll move on to the general agenda.

EP 2026-7-04 key for life.

Madam President, members of the board, good morning.

Uh, we consider we'd ask you to consider for approval, uh, amendment and renewal number three to the original uh agreement with von Derlande logistics LLC, which is formerly known as uh Siemens Logistics LLC.

Excuse me, for operations and maintenance of the baggage handling system, which was dated September 17th, 2021 for 170,7575 per month.

Uh the existing contract expires at the end of September, and contracts for the new baggage handling system, which Jared just briefly spoke about have been released under due back to the airport by uh August 28th to allow uh sufficient time to receive, review, and negotiate uh the contract submittals staff is proposing the existing contract be extended month to month until the new OM contract for the new system is executed.

Vonder Lande has agreed to extend its coverage at the current contract amount.

We expect the new contract to be awarded before the end of the year, at which time the extension will end.

Uh the IA budgets annually for this expense uh through the approved operating budget.

Okay, do we have a motion?

Move a second.

Second.

Um any discussion.

Hearing none will take a roll call though.

For BP 2026-07-04, you have first motion by Dwayne Gibbs, second motion by Tony McLamarck, Barbara Glass.

Aye.

Steve Dillinger.

Aye.

Jamie Ketchings.

Aye.

Dwayne Gibbs.

Aye.

Tony McLamarck.

Kurt Schlater.

Aye.

Brave Voorhees.

Aye.

Madam President, you can use approval.

Okay, BP2026-7-5, read goldsmith.

Uh, Madam President, members of the board, good morning.

Uh, I would ask that you consider for approval an award of contract for the computer equipment refresh project to electronic strategies, Inc.

in an amount not to exceed 686,527.

Uh, so this project replaces about half of our existing server and storage infrastructure that we have here on the campus because it has really exceeded its useful life, and uh we're we're getting to the point where we're gonna have a risk of service disruptions if we don't replace it.

So this is a programmed capital project.

Uh, and again, it's all about mitigating the the risk from uh failures that could result in uh critical infrastructure disruptions.

Um so we evaluated several replacement options with four goals in mind.

We wanted to continue to meet our existing computer needs, and we also wanted to uh allow for future growth.

We also wanted to continue to minimize service disruption risk uh in the event of equipment failure, and we really wanted to provide long-term value uh for the authority.

So we are shifting the model for our computing resources on site here.

Um we currently run uh redundant server and storage infrastructure on site in order to again mitigate risk to critical systems.

Uh we're gonna eliminate half of that.

We're going to keep a primary set on site, and we are going to use the cloud for the other half of it to fail over to in the event that we need to.

This will kind of dramatically reduce our capital outlay from it while at the same time continuing to provide that level of redundancy support that um and it does so uh without kind of incurring substantially higher ongoing operating costs from moving complete so I don't want to replace infrastructure, I want to maintain the reliability and I want to do it in a way that provides great value for the so with that I'd ask for your approval and I'm perfectly happy to answer any questions.

Thank you.

Do we have a motion?

So move.

Second.

Any discussion?

Questions for read none.

We'll take a roll call.

BP 2026-07-05.

You have a first motion by Steve Dillinger, second motion by Brett Voorhees, Barbara Glass?

Hi.

Steve Dillinger, aye.

Mickey Ketchings, aye.

Uh Dwayne Gibbs, aye.

Aye.

Kurt Schlater.

All right.

Voorhees.

Aye.

I'm present.

You've needed to approval.

BP 2026-7-6, Jerry Class.

Thank you.

Consider for approval and award of contract for airport stormwater management facilities, airport boulevard road repairs at Indie Regional to Dave Lomara construction and amount not to exceed 581,223.50, plus a 10% construction reserve of $58,122.35, and a total amount of $639,345 and 85 cents.

We have a motion.

So move.

Right over that.

Any uh discussion.

Hearing none, we'll take a roll call though.

For BP 2026-07-06, you have a first motion by Bray Voorhees, second motion by Kurt Schlater.

Barbaglass?

Aye.

Steve Dillinger.

Aye.

Aye.

Dwyen Gibbs.

Aye.

Kurt Schlater.

Aye.

Aye.

President you've needed to Google.

BP 2026-7-7.

Consider for approval the delegation of authority to the IAA executive director to approve and execute a contract for construction services to the lowest responsive and responsible bidder for runway 725 repairs at Indy Regional.

This delegation will be used to meet the airport's or the project's critical timeline.

So this is uh one of the projects I referenced in my presentation earlier uh we need about eight weeks of construction to do this uh short term repair work and so for that reason we're asking delegation to execute that as soon as it's come in we're estimating between one and five million uh probably toward the higher end of that range for the construction of this one we have a motion to move second any discussion take a roll call that Kurt okay for bp 2026 07 07 your first motion by Steve Dillinger second motion by Kurt Schlater Power Glass aye Steve Dillinger Mickey catchings aye gibbs aye mcclemera Kurt Schlater all right for present you need to approval bp 2026 78 Jared consider for approval amendment number nine with Circle City Aviation Partners for the runway five right two three left and taxiway delta strengthening and capacity enhancement at the Indianapolis International Airport and amount not to exceed 9226 uh this is a grant eligible item uh this is uh work uh that was related to the full reconstruction of the southern runway amendment number nine this is the first one that we're bringing back uh to this body in this forum if you'll recall uh the executive director had the board's delegation during the project each time there was a change to contracts the board was notified so the prior eight amendments uh have all been uh provided uh earlier and this one is for receipt follow up warranty some additional pavement monitoring and uh some lighting work uh required by the IA do we have a motion so move second any discussion take a roll call for bp 2026 07 08 you have a first motion by Tubman McClamrock second motion by Dwayne Gibbs Barbara glass aye steve Dillinger to make the catchings Dwayne Gibbs aye McClamro aye Kurt Schneider aye Brad Voorhees aye president you've approval um next we have our executive director Mario Rodriguez report please member for the board i've submitted my report in writing we've got a very exciting month uh last month it's all in writing and but none more exciting than Holly Harrington being announced by the Pacer Sports and Entertainment uh with the 2026 Black Excellence award congratulations Holly and that concludes my report thank you um our next meeting is Friday August 21st 2026 at 8 a.m at that the meeting is adjourned trafficking going on recording stop