OPENPUBLICA · PUBLIC MEETING RECORD
Record of Proceedings

Indianapolis Airport Authority Board Meeting – July 17, 2026

Other Meetings (I) — Friday, July 17, 2026
BodyIndianapolis, Indiana
SessionOther Meetings (I)
DateFriday, July 17, 2026
StatusFILED
Video Record
0:00 / 43:54

Transcript — Verbatim
0:00

All right.

0:01

Morning, everyone.

0:03

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

0:10

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

0:12

Barboglass?

0:13

Here.

0:14

Steve Dellinger?

0:15

Here.

0:17

Here.

0:20

Join Gibbs.

0:21

Here.

0:24

Here.

0:24

Kurt Schlater?

0:25

Here.

0:26

McCorhees?

0:27

Here.

0:27

And Brian Jwe for legal counsel.

0:30

Here.

0:31

Okay, very good.

0:32

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

0:37

Do we have a second?

0:39

Any um discussion?

0:42

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

0:44

All right, for the June 2026.

0:47

June 2026 board meeting minutes.

0:50

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

0:54

Harburglass?

0:55

Aye.

0:56

Steve Dillinger.

0:57

Hi.

0:58

Speaking of catchings.

0:59

Aye.

1:02

Dwayne Gibbs.

1:03

Hi.

1:05

Kurt Schlater.

1:06

Hi.

1:06

Fred Morhes?

1:07

Hi.

1:08

President.

1:09

You have UNS approval.

1:10

Okay.

1:10

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

1:16

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

1:26

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.

1:48

The credit facility for this supplemental uh bond ordinance.

1:54

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.

2:05

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.

2:19

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.

2:31

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

2:39

Have we got any public comments?

2:40

We have not.

2:41

And any public comments.

2:43

No comments here.

2:48

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

2:54

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

3:06

We have a motion.

3:07

I move approval.

3:10

Second.

3:11

Any discussion.

3:16

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

Discussion Breakdown — Share of Meeting
Fiscal Sustainability████████████████████████████28%
Engineering And Infrastructure██████████████████████████26%
Procedural█████████████████████████25%
Economic Development███████████████15%
Technology and Innovation████4%
Personnel Matters██2%
Summary of Proceedings

Indianapolis Airport Authority Board Meeting – July 17, 2026

The Indianapolis Airport Authority Board convened on July 17, 2026, at 8:00 AM for its regular meeting. The board approved three ordinances related to financing and budgeting, heard public comments, and acted on several contracts and delegations. Key outcomes included adoption of a $185 million subordinate bond ordinance, presentation of the $425 million capital and $263.3 million operating budgets for fiscal year 2027, and approval of multiple construction and technology contracts.

Consent Calendar

  • The minutes of the June 26, 2026 board meeting were approved by unanimous roll call vote (motion by Steve Dillinger, second by Tony McLamarck; all members voted aye).

Public Comments & Testimony

  • One member of the public spoke during the public hearings for Ordinance 03-2026 (budget) and Ordinance 04-2026 (refunding bonds). The speaker requested that funds be included in the budget for monitoring Immigration and Customs Enforcement (ICE) activities and installing cameras to address human trafficking at the airport. Staff responded that such funding is not currently in the budget and that the request was noted.

Discussion Items

  • Ordinance 02-2026 – Subordinate Securities Series 2026 Supplemental Bond Ordinance: Staff presented the ordinance, authorizing a short-term credit facility of up to $185 million to support the approved capital budget. The credit facility is subordinate (short-term) as recommended by the financial advisor and bond bank. Following a public hearing with no additional comments, the board approved the ordinance unanimously.
  • Ordinance 03-2026 – Presentation of the FY2027 Budget: Staff presented the proposed budget, beginning with a summary of an economic impact presentation by Dr. Philip Powell of the Indiana Business Research Center, who described the airport as a “core component” of regional success. The capital budget requests a $425 million appropriation (up from $330 million in FY2026), driven by projects including parking garage expansion, a new baggage handling system (+$70M), energy resilience projects (grant-contingent), and runway repairs at Indy Regional. The operating budget proposes $263,292,000, a 6.4% increase ($15.9M) over FY2026, with increases in personnel costs, insurance, maintenance, and debt service for the hotel. Staff emphasized conservative assumptions for passenger and cargo activity. A public hearing was held; the adoption is scheduled for the August 2026 meeting.
  • Ordinance 04-2026 – Refunding Senior Lien Bonds (Supplemental): This ordinance authorizes the issuance of refunding senior lien bonds for $38 million of callable bonds, to be bundled with the subordinate credit facility discussed earlier. After a public hearing, the board approved the ordinance unanimously.
  • Board Paper BP2026-07-04 – Baggage Handling System O&M Extension: Staff requested a month-to-month extension of the existing operations and maintenance agreement with Vanderlande Logistics (formerly Siemens Logistics) at $170,757.50 per month until a new contract is awarded. Approved unanimously.
  • Board Paper BP2026-07-05 – Computer Equipment Refresh Project: Award of contract to Electronic Strategies, Inc. for $686,527 to replace aging server/storage infrastructure and shift to a hybrid cloud model. Approved unanimously.
  • Board Paper BP2026-07-06 – Stormwater Management & Road Repairs at Indy Regional: Award of contract to Dave O’Mara Construction for $639,345.85 (base $581,223.50 plus 10% contingency). Approved unanimously.
  • Board Paper BP2026-07-07 – Runway 7/25 Repairs at Indy Regional: Delegation of authority to the Executive Director to approve and execute a contract for short-term construction repairs (estimated $1M–$5M) to meet a critical timeline. Approved unanimously.
  • Board Paper BP2026-07-08 – Amendment #9 with Circle City Aviation Partners: Amendment for runway and taxiway strengthening work at Indianapolis International Airport, not to exceed $9,226 (grant-eligible). Approved unanimously.
  • Executive Director’s Report: Mario Rodriguez submitted a written report and announced that Holly Harrington received the 2026 Black Excellence Award from Pacer Sports and Entertainment.

Key Outcomes

  • Approved Ordinance 02-2026 (subordinate bond ordinance, $185M) by unanimous roll call.
  • Received presentation of Ordinance 03-2026 (FY2027 budget); adoption scheduled for August 21, 2026.
  • Approved Ordinance 04-2026 (refunding bonds, $38M) by unanimous roll call.
  • Approved all five board papers (BP2026-07-04 through BP2026-07-08) by unanimous votes.
  • The next board meeting is scheduled for Friday, August 21, 2026, at 8:00 AM.

Meeting Transcript

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?

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