We didn't make it get up too early, did we?

No.

No, no, that's a putting sandbags out with Phil.

No.

Is it really?

Yeah.

So it came over today.

Oh, it didn't come over the road.

It came out of quite a bit of creek.

Oh wow.

Did do you have a swimming ability?

I'm sorry.

Do you have an ability to swim?

Oh, sure.

Okay.

So you were you were safe.

Okay.

I guess we're ready to go.

Joe didn't want that.

We're ready.

I think we're gonna hear from everybody.

A little bit until we need it.

I guess we're ready.

Okay.

We can go.

We're ready to go.

Okay.

Um this is a uh I want to welcome everybody to the August meeting of the board of Indianapolis local improvement bond bank.

Uh with notice giving being given pursuant to the Indiana open door law.

Uh if you plan on speaking today, make sure you've signed in.

And I'd like to call this meeting of the Indianapolis Local Public Improvement Bond Bank Board of Directors to order.

The first thing is approval of the minutes of the July 20th, 2026 minutes.

Moved to accept the minutes as presented for the July 20th meeting, Mr.

Chairman.

I always second Alan entertain a motion of approval for the July meeting minutes.

Do I have a second?

Second.

Aye.

The motion passes.

The July meeting minutes are approved.

We are in the approval of resolution number three, which involves the Indianapolis Airport Authority 2026 notes.

First, I'm gonna call on Karen to uh call the bond mate.

Deputy Director for a summary of the resolution before the board.

Okay, thanks, Chair.

Um so before you today we have resolution number three, which would approve the authorization of up to 185 million dollars in short-term notes.

This is a facility that the airport authority will use as an interim financing vehicle for a number of capital improvements.

Um, and so those include um some uh terminal improvements, um, baggage system um updates as a uh a plan for a larger project um and then we would anticipate taking those out before uh January of 2028 for a larger financing into um fully fund all of those projects as well.

Um so we did an RFP process um for both a short-term financing as well as a potential refunding of some existing debt that did it make sense, so we've dropped that off.

Um we received over 10 different uh solicitations or bids uh from different banks and we selected uh to go with Wells Fargo based on the rate as well as different covenants.

Um and so this uh draw facility would be uh we hope to close on it in September, um, and then the authority will be able to draw down on those funds um over uh the next uh year and uh about a year and a half as well.

So I would um take any questions.

We also have today Robert Thompson with the airport authority who can um speak to any of the projects that would be funded, um, as well as our bond counsel Frost Brown Todd, and then we also have Diana Hamilton with Sickmore Advisors who's serving as the bond bank's municipal advisor on the transaction.

Okay, I'll call on Robert to see if you have any discussion for the airport.

down on those funds um over uh the next uh year and uh about a year and a half as well so i would um take any questions we also have today rober thompson with the airport authority who can um speak to any of the projects that would be funded um as well as our bond counsel frost brown todd and then we also have diana hamleton with sickmore advisors who's serving as the bond bank's municipal advisor on the transaction okay i'll call on robert to see if you have any discussion for the airport Robert Thompson senior director of finance and treasurer for the authority i don't have any more to offer other than this was the most prudent way we saw to finance these multi-year capital uh projects so the largest is the replacement complete replacement of the baggage system it will take two and a half years the next largest will be uh a south expansion of the existing parking garage so that would be bigger than the north expansion we completed a year and a half ago and then we move from that to airfield projects so there's uh we're we got done with the south runway that took uh three and a half years to have a full reconstruct of that so the community now has that as an asset but we're gonna now start embarking and we do have some work that's already begun we have a reimbursement resolution in place for taxiway work and we time that work based on working with the FAA and then lastly refresh of the bathrooms in the terminal that started in our GTC and uh will continue through over the next 18 months well that's great um having a son that just came and left he was impressed by all the stuff he lives in Boston he couldn't believe how nice there are our airport is well thank you for that uh feedback yeah thank you um so let's um come up with the motion to approve resolution number three do I have a motion so moved second all in favor please say aye aye resolution number three is approved uh I'm gonna turn it over to Joe Glad to provide updates on current projects thank you Mr.

Chairman um members of the board um obviously this was a very difficult weekend for many of our neighbors in Indianapolis um for any folks who want to follow uh recovery efforts for the city or uh make donations if you go to indie.gov and click the flood resources banner at the top of the page um there's uh updated information there um since our last meeting we had a successful pricing of our uh indie roads bond issuance uh both the tender um refunding and uh 40 million dollars and uh new money uh and the new money issuance so I want to thank uh our uh underwriter um uh jp morgan as well as um our uh uh financial advisor sickmore uh for uh a successful um successful pricing as well as our uh staff at the bond bank here uh we have three additional financings uh coming up before the end of the year um one is a uh 25 million dollar general obligation financing which will be used uh to um finance a uh EBW uh operations facility as well as a new IMPD uh north district uh that was introduced at the uh previous uh council meeting and we'll be going to um the admin finance committee next week um also going to emmend finance next week is uh facility revenue uh bond issuance um up to 36 million dollars for uh parking facilities at the community justice campus um which will be going to evident finance next week as well um the final um issuance is uh 20 million dollars um in uh health and hospital corporation geo debt for um ambulance bays and uh we um uh expect to bring that to uh to this board in october uh as well as the two previous issuances so happy to answer any questions from the board anybody have any questions one so joe will we see those next month or maybe i believe we're looking at october for for all three um yeah i um so once those will go to council receive the council approval um either in september or actually in yeah in september so once they receive the council approval then we'll come back here okay uh any other further business that we need to entertain a motion to adjourn chairman I move we adjourn second all in favor please say aye aye aye aye the motion passes the meeting is now adjourned and thank you for all coming and hopefully we'll see you guys and women in the next September at noon and as of now the board is adjourned