 All righty, so seeing me up or I will call it the meeting, the upper commission or commissioners depending on the week, you please nod your sides. Chair Mason is here. Jeff Shulman is here as well. Thank you, Jeff. No formalities, but that's fine city, very soft. All right, so next up is a motion to amend or adopt the agenda, or a motion to approve the agenda as proposed. So moved. And it's moved by Gray, is there a second? Seconded. Seconded by Rowan. Any misguided or proposed changes to the agenda? All right, hearing none, those in favor, please signify to signify. Aye. Any opposed? Abstentions? Any agenda? And next item on the privilege is a forum. And I do not show that we have any members of the public here today. So we'll close the forum. We want to inform just the consent agenda. Do I hear any motion to approve the contents of the consent agenda? So moved by Gray, is there a second? Seconded. Seconded by Rowan. Any discussion? No, those in favor, please signify. Any opposed? Abstentions? We get consent agenda. Next up is item five, the action items. Item 5.1 is to be a city center subpoena. I do want to enter a motion to recommend for the finance council to leave the leasing space to the Browns School District that's on the right hand side. And it's outlined in the power agenda packet. Do we hear a motion to that effect? So moved by Gray, is there a second? Second. Seconded by Rowan. Any discussion to be made? Yeah, so I'm super excited to bring this formally to you with the partnership of the Browns School District Technical Center and of course the airport. We've been negotiating and designing and working with the school district as well as our engineering partners for the last many, many months. Larry's been working with McFarland and Johnson to support the school district's vision of what this new building global climate, which is now officially labeled as 200 DaVinci Drive. That's a new street address. This is a about a 32,000 square foot existing hangar that is being renovated by the school district. The school district did competitively bid to lease this particular space all to support their aviation to work with the program right out here. They currently do have a program here at one of our much older hangars and pretty much outdated facilities. So this investment in two-bar facility is going to be pretty significant, not just for their program, but also for the airport. As you can see from the memo, they're looking at approximately 11 and a half million dollars of investment into this building. And that would be supported throughout their lease term. That lease term is a time of four years, four zero years. And this 11 and a half million dollar of capital upgrades would be granted to them in a credit because the investment is two-bar building over that 40-year period of time. That doesn't mean all of the investment is going to come out of the lease rate. That means a pretty significant portion will be removed from a fair market value rent through lease credits. The first two years as they settle, design, bill, et cetera, will be at rent free and then over the remaining portion of the lease, the investment will be credited back. Of the fair market value rent, which right now is around $200,000 annually, above rent payment to, of that $200,000, approximately $150,000 would be credited and their cash payment starting on year three to the airport would be approximately $50,000. Of course, that will fluctuate and will prime. There's still CPI increases and standard term to increase that rental cost in. Very similar to other leases, we have capital reserve accounts. We have a very standard language within our lease, which both Jeff Blassford and our outside counsel have reviewed pretty significantly and I'm happy to report that just last week that Brownington School District also, the Board of Brownington School District Board, also reviewed this lease and unanimously approved it at their board meeting. What you've seen in the packet is not just the lease agreement, but also many of the documents associated with it including the schematic demands. And the rent schedule associated with that 40-year time. My request for you tonight is to recommend as to the Audit Finance City Council for the main overall signature on this really amazing partnership that we're going to continue this course. Thank you. Mr. Tate, questions? Yes, so I understand it is the 11.5 is going to the architecture builders, right? That's for the renovations. Yeah. That's for the total project. Yeah, for the total project. And then... Credit. So I don't know exactly how much the cost of the renovations, I believe it's going to be higher than that. We're not actually paying the bills for the renovation, right? That's true. It's coming out of the brand, basically. Yeah, and that's a great point. So the school district does have a pretty substantial grant, 9.9% without grant to support their system. They do have cash preserved to also support additional costs. But all of those expenses, especially for the build out in the remaining portion of the design work will be expended with the Burlington School District. You won't see any expenses associated with art. Right. The only differences between when we started and now, we have spent around $500,000 in Marie. She went out and pulled that period in for them. Our mortem today paid over the net. However, that half a million dollars was taken from a little bit of an asset. Right. The airport. It's the grandest of them all. Yeah. And we can use it for anything else, except for export to each and every age. So that takes care of that. So then the airport is sort of giving a little bit of grace in that first two years, just to get in and get settled before they started applying the rent. And then the rent gets an education sort of did count. So, but will the rent be significantly higher than at the end when it all comes out in the mail? Higher than what it was before. With the probability, it's almost exactly. Oh, okay. When you combine the rent credit and the actual cash payment, it is almost identical within a few thousand. Okay. So for education, that's going to make a big deal. And I'm sure that's the first time that Wellington ever united and slowly decided on anything. So that's really good that they recognize what a deal it is to get that carry-through on a much bigger facility and a brand new facility, even though it's also a big year or two, right? Basically a brand new handkerchief. That's the hard percent, yeah. Yeah. And then the only other question now is there was talk before that Burlington was trying, wanted to put other pieces of tech center in there. And there was concern that the grant could be negatively affected, and thus everything would be forward. And so they really, you know, everybody really was hopeful in a way because that reliefs attention, this is community-wide in Burlington, I'm talking about, that reliefs attention on where the heck is everybody else going to go. But maybe not the right fit. So where are we at with that? Great question, and it teased me up for an answer in the format of why you're here today and last week. So working with your chair of the board, we were one waiting for FAA approval on this particular piece because there's a lot of factors to this. There's a school, there's a technical program that there was some concern on what type of particular program and use that HAYR was going to be used for. I am happy to report that FAA has reviewed and accepted they generally don't approve places or they've accepted to make sure that we, the airport, the city are in compliance with all our assurances. They've seen that and accepted that and any other future programs that will go, whether it's auto mechanics or any of those types of programs, would have to be reviewed not only by the city, but they would have to go through some of their processes on curriculum based on their restrictions as part of their, it's not argumentative, right, I'm assuming it's certain. So there's a dual kind of approval process in the future of any future use of this. From our point of view, it has to be in aviation use for this particular. Yeah, okay, so that's where we're at. That's where we're at. Radiation and because of radiation, we still get the 9.9 and then we've got to question it and they're going to know it's the same thing. Joe. Thanks Tim. Couple sort of immediate questions for Nick. I don't, can you articulate what the capital upgrades are? I'm sort of thinking through the like, I mean, are these upgrades that are specific and unique to their use such that if they left, we'd have to use airport dollars to tear them out and start over or are these upgrades that truly add value in the event, which I don't think is going to happen, but that they were to depart within, short of the 40 year term. Yeah, Joe knew a good question and we evaluate that, both on this lease and other leases to make sure that we're performing exactly how you just detailed it. We want the investment very similar to the beta lease where the investment that they made was for long term use of the airport. The school district was doing the same thing where every investment that they're making into the building has to be recognized that it's a long term use of that facility, whether they're in there or not. I agree. I don't wish for and even the board, the school board last night, this is a long lease, we don't know what's going to happen in that time period, but even if something were to happen and we needed to change or demolish or whatever, that's also why I put language in for a Calvo Reserve account and some other items to recognize changes that might need to happen in the future. First and foremost, the credit is associated with major improvements to this pretty aged building, much newer than the building that they're in currently, but still aged to update that particular building. So you just answered my second question, which relates to the Capital Reserve. I don't know if it's just my copy that I'm getting or if there's not, but the lease agreement doesn't seem to be appended or as an attachment on at least what I called up. So again, no, I'm not, I'm still gonna vote for this, but that was the question to me because I didn't see in your summary reference to a Capital Reserve, but you're telling me, Nick, that the lease agreement does call for one and you're comfortable that it's a sufficient amount to remove the improvements in the event that they depart short of the 40 year term. That's right. And even throughout the term, if we need to do it. It should be in there. You should have one, two, three, there should be six attachments to item 5.1, both the memo and then exhibits and then there's what we refer to as attachment A, which is the lease agreement online or cyber clarity. And the other six. I don't know what weird version I'm in, but I have all the, I have, I clicked on the link, I have the schematics. Yeah, I think you had the same thing that I have chip where if you download it, if you click to download the agenda packet, it doesn't have the contract in the agenda packet. Okay. Well, I'm glad it's not just me, Tim. So, okay, great. And this also was obviously not related to the airport commission, but this also was on the, for those listeners on the Burlington school district, agenda item as well, same, same documents. They haven't used or docs at a different version of our old version of these. I was getting this one. That's what I said. All right, go ahead, Jeff. Yeah, hopefully you can hear me okay. Nick, did you say that what was the $200,000 figure that you mentioned? Is that existing rent right now? We don't currently have a tenant in that anger right now. We have very short term agreements with individual aircraft owners that are kind of popping in and out. Our prior tenant was approximately $200,000 annually. And the new tenant, Burlington school district through both their credit and cash payments will be at approximately $200,000 annually starting, really starting on year one with full credit for year one and two. Yeah. On year three will be both. Got it. What we're just trying to get at was whether via a net loss in the short term while we're applying these credits is as valuable as the capital improvements are but it doesn't sound like that's really the case because we don't have any kind of significant revenue coming in currently, is that accurate? That's accurate, these very short term agreements are for Cessna size aircraft that are month to month and really just get us between a new tenant which after this we'll have, we'll have that. Got it. Yeah. Got it. Okay. Thank you. Yeah. So just so that I have the vision the last time that I looked at sort of the billing plan and what was going in there. There's already actually classrooms in there. There's briefing rooms in there on the bottom, I don't think I just tear those out but mostly the hangar is air, right? Is this because you're going to be working on stuff? So you're going to have a really, really good hangar with some classrooms space, some briefing space and office space that you can use for anything but the majority of a hanger is meant to be air and that's what it will still be because it will be housing aeroplanes that students are working on, maybe a simulator, but those are movable. So the improvements, if you can picture us just a really, really big good box and for a few offices and places for maintenance to storm tools. And one of the requests that we have to the school district, we're not mandating it in the requiring it in the lease but one of the requests and advantages for them for the district is to utilize that wood air hangar for existing general aviation request orders. So if an aircraft owner has an aircraft that they need to store and the district has space we would like the district to utilize that space to help general aviation out, which I think is a possibility. The advantage to the district is that would be a revenue source to them to support the states as well. And that falls under what they're allowed to do with that space story. So some of these things, those types of areas. And you know, there's some processes that will appeal it but yes. Jeff, did you have another question? Jeff, you're on mute. If you're talking. I forgot to raise my lower hand, no question. Oh, okay. Is there anything else for me to come inside? Nick, just so I have Robin use the word vision report just so I can envision what's happening. I see that there are landing fees that they are responsible for. So I guess they're all in on what they're doing there and they're actually going to be working on planes and sending planes up and having them land and that's where the landing fees come in. Yeah, a little bit of both. So the technical center will be the technical center are going to be training what's called the airframe out of plan mechanics anti-mechanics to get high school age children kids kids to a certification and potentially a job after this. However, the tech center and school districts are working with my flight academy with the schools around it. So there's a lot of synergy within that beta technology even a lot of synergy within that footprint right there to do that. But for example, today, they don't they have, I want to say it does center or so aircraft both within their existing space and that's on the ground. None of them are air leaving. Take engines apart and I'm back together to make sure that they don't have the next generation of anti-mechanics. But all of our new leases moving forward, I do want to say it's the landing fees. I want to make sure that in the inter-unit entity is that share of aerial costs. And one other question about the rent schedule. I see that after it's a 40 year lease and after that 40 year lease comes its term then their rent credit balance has expired at that point. That's not unreasonable to think that there would be here longer than 40 years. Of course, that's up to them. And you as obviously as the landlord, but would that be a financial burden on the school district in trying to stay beyond 40 years since their rent credit balance has expired? Yeah, it's interesting that somewhat related question popped up at the school board meeting last night about that. That's one of the reasons that we did accept a two year with essentially full credit, two years on the initial term so that they can also ease into just a $50,000 payment. Currently they do not pay any rent. So that's easing them into this story or in this scenario. You know, 600 or whatever the market value is in 40 years would have to be negotiated and of course re-evaluated at that particular time. Oh, I do also want to mention too that the $200,000 rent we did do a market analysis on this so we do have a paper to support this $200,000. Would it be a burden? I don't know. We hope not, both for the district, the school, stories that have been in the paper of school costs throughout the state, other programs. Remember, this is a tech school too so they do get revenue or tuition from other districts outside of just the Wellington. I think it would be hard for me to answer if it will be a burden or not. I considering the differences in values from today's dollar to 40 years in the dollar, it would be significantly more right even without the credit so I think that will soon back. They need to make sure that they're planning for that, a decade prior to that event coming up. That's what I would do, you know, or we didn't think about it. All right, questions? Any else for any? We have a couple questions for you guys. So going back to Chip's question on the cabinet, so in the cabinet that's on the website that I did find it, schedule 6C is blank. So can you just walk through verbally how that gap of sort of fund is populated? Is that something that they're going to front load at the time of construction or is that something that they sort of, as they're making the repayments they'll also be putting a little bit into the funds to find those in law? Yeah, I think it's the latter of not 100% confident fully. I do remember during the negotiations that's how you make tentatively it was, was the latter, but slowly filling this reserve account instead of a long song, which is very similar to data and other entities. But I'm not going to have to owe you. Okay. Yeah, that's what I'm talking about. And then just for reference these, the rent schedule, schedule D, that's an old date for the lease start date, so people don't have to do that in law. Happy? That's probably the big question we had is so I know that they're going to relocate out of the alert hangar. And we've talked a little bit about the future of that, looks like, but I don't know if that's changed or if you want to give it out to us too. Yeah, that's funny for that. Yeah, so the alert hangars, and for those listening, commissioners are immediately adjacent to this particular building that I'm talking about, just the north of it. I'm going to point it to it on that very quick. And these are hangars that were this close to this currently that was built in the late 50s. And those particular hangars, one has some safety concerns to it, two are around seven years old today. And three are geographically kind of in the way while we're doing down in what we refer to as the valley. So when this school does move out of these hangars, currently they're located in the center unit, so the hangar, when they relocate to the south hangar, we have an empty unit. We do have an existing tenant that is currently in those hangars that would like to relocate their practice actually in two different hangars, one on either end of the system. We'd like to relocate so that we could be joined. When that happens, Larry and his team are all performing an historical analysis on this building, which it has qualified as a historical building, which doesn't shock me, but we have to go through some procedures and we need to make sure that we're committing to the historical analysis process to preserve the facility as much as we can without the sacrifice of safety, or even starting to remove that empty unit. So that methodically old, right? There's four units in this entire hangar, we can start removing it. When leases come up, we're not suggesting we're relocating anybody, when leases come up demolish each unit at one at a time. And then that would expand the space that is down in the valley pretty significantly. That would have multiple tenants all at the same time. We'd need to add more hangar space to the building for them to play in the debate. It's a knowledge-based technical center. Other aircraft that are just going to apply in that are not associated with it. So over to my next quarter. I don't have time yet on the demolition, you really have to do some historical analysis. It's going to be a deletion and an adaptation aspect. So we need to start with this data presentation on this. Okay, so you don't foresee any issues with demolition because it's a historical structure? It's like, I don't know, but no, it's no negotiation. Yeah, it's pretty good. Yeah. Yeah, I don't see any issues. I think there's a lot of preservation that we can do. And then here's a plug-in for the army guard over at the Colchester right down right here. They have a really amazing aviation museum. A public army set that it's open to the public sometimes a day. Even that museum is actually a three-dimensional model of these hangars will never happen. I don't know what I can say. It's really cool. But there's things like that that we can help preserve that facility. And hopefully with the negotiations we can start talking about over a period of time. This could be a decade. How are we going to remove and preserve this historical? But I don't see any major, major concerns, especially just at the end. And I hope this would be an extra year. Thank you. Thank you very much. All right, very good. I'll lose a pair. At least you can hear me saying hi. Hi. Hi. It goes. It goes to the National Moves. We'll run the item of the five minutes and two. And of course, the North Carolina Corp is going to placement and grant acceptance. I'd be willing to annotate the motion to recommend to the Board of Finance and City Council the acceptance to the execution of a deputy grant related to the normal conference. The placement project is a line in our act. So moved. That's moved by the race for a second. Second. And seconded by the Robin. And this guy should be led by Nick. So once again, very excited to start continuously updating you on a project next, which is our North Carolina Placement project next. And Anderson put up a quick kind of visualization walkthrough that's at the top through the project. What we're asking for you today is not a full and portable talk to the next. It's not a recommendation for a contract with our selected construction manager at risk contractor. What today's about is just accepting the 34 million dollar grant that we would be receiving from the FAA. As we walk through this building we see that the second floor terminal building, which is where the images that you see right now would be entirely renovated to open up our second floor facilities all the way from our radio building, which is our terminal integration project through the North Carolina portion. Just a minute you're gonna, we're gonna pop into product next for the visualization. Today we're asking for that authorization to sign the grant, a 34 million dollar grant which will come later this year. However, when it comes, it comes really fast and we need to be prepared to sign the grant. We're gonna continue to update you on both the financials as well as the big contract which we've gone through a RFP process to select a construction manager at risk which was Angleworth Construction Company. We are now negotiating within birth and selecting not only the final design and the project but selecting a data contract. There's four of this project. This is still the second floor existing space when we turn to the left here. Everything forward that you see is all project next. You'll see in the ceiling that this is a mass timber project. We're eliminating as much as we can steel from the project and reducing. Right now our preliminary estimates are reducing by four, the amount of body carbon that we're gonna be using, including transportation costs. Mass timber will go into the facility, a very nice lounge and holding space for four new gates that will be replacing the gates that will be demolishing. Different lines, different furniture, lots of existing furniture, excuse me, furniture that we currently use. And then up on the top floor which this visual start going up in just a second, you'll also see an additional new administration office space so that we can relocate our office admin space out of the way of the second floor. And then we would move to the third floor into a brand new event space just outside our administration offices. And that event space would not only have an interior space for around 70 people in the event space plus a new conference room which would be the new airport mission order. And an outside patio area which is just in this upstairs area. You'll also see a lot of natural light coming from here. This space up here would be the new administration offices. So not only would we be able to look into the actual terminal, we'd actually be able to get into the terminals and do staircases very easily. And then this is the literally the first time that we're showing this image in public and to you which is our new three-dimensional drawing of the mass timber and new lighting and new space. This is also going to be heated and cooled mostly by geothermal technology. We're doing on wells over the next couple of weeks to see how deep we actually need to go to heat and cool this particular building. There will be also photovoltaic solar capability over the entirety of the roof outside the patio area. So you've seen a lot of this as we've walked through before, but now we're one step closer to actually finalizing and getting into grant for this particular building and showing you pretty much fill in as per financials which right now the calculation is 97% of the space in the second and the first floor which we're not showing you, let's see this is the second floor. 97% of the space would be eligible for federal funding. When we're talking about a $40 million project, it's still a significant amount of local funds that we're analyzing right now. We have a really healthy passenger facility charge program. We have a healthy FAA relationship and of course we're $34 million with additional FAA funds that most likely we're gonna have to pull into this projects because the pricing is coming in higher than we were expecting. Again, we're still negotiating and seeing final costs. We have not, I should say, Engelberg has not been out. There's some contracts yet so we don't know final pricing just yet. And we're also exploring alternate grant funding. Not necessarily good because we need it or because we can raise new grant funding with a new source. That's that mass timber. We've never done mass timber here. However, the northern regional border alliance which is Vermont, New Hampshire and Maine has programs out there right now that support mass timber projects pretty exclusively. And we're looking at between $500 to $900,000 additional grant funding to come to support the mass timber portion of this. So there's a lot of vision and a lot of process a lot of teamwork from literally everybody at the administration team to really make sure that we have a safe airport and accommodating airport for the size of aircraft in the quantity of passengers with the sustainable airport with this particular building both from solar to geo to mass timber to extra energy capability because we want to support specifically right now even in American in installing the Electoral General Grants for Equipment capability so that there are tugs in the back. Right now we're working with United to install a few but our energy is don't allow too much more than that. This building will give us the option to really start ramping that up as well as new jet bridges and end more capability out of those jet bridges. Bringing aircraft away from romantic taxiways where you look closer to the building and attaching them to this beautiful building. So that I'm asking for authorization just for the 34 just the 34 million dollar grant we would be, what I thought it was is coming back to monthly both with financials, updates as well as additional auditions specifically the construction over the next month or so. We're currently going through permitting and that will happen over the next several months and once we receive that authorization our expectation is by the middle to the end of summer and we would if you do a show here on Saturday we need to start building this project. That's our tentative schedule right now but it's obviously dependent on permitting and brand acceptance. Thank you. I don't know if Larry and Annabarie, Jeff, want to add anything? Well, I was going to say my report, you will have the application that's going to cost my name because that's the deadline that's given us or given us rent to share. So that's open up for so we'll finalize the cost and that will go with the grant we should figure it out and pay for this. So if Annabarie makes it an early process we'll start right now actually. Our schedule for the course is starting at your meeting next week I think it is yeah the 18-13 would be the board of amendments presenting the same request the following weekend on March 25th we would be going to the full city council on March 20th but we're going to be celebrating Mr. Mayor Weinberger here at the tournament building with a press conference to celebrating not just his work in the project but also the acceptance of the report on grant. So by the end of the session we'll start with Annabarie and we'll send it out to you in the balance room. I'm sure there's any questions for them. Um, just a few things. Do you have to, when you accept the 34 million do you have to show that you have the rest for the project? You did and you've already, we already have like Marie has already figured out how to get the rest of the project and so we're obviously it would be ridiculous to accept the grant in these right there. So the 30, well there's a couple of questions there so the 34 million dollars would be the federal portion right so plus 10% of, well it's not exactly 10% 34 but minus 10% and then get it all out and it's all the sewer time and 30 and that can be only about a project so that 10% we have to say is how to fund that project. Like I said we have a really healthy passenger facility tracking program that's still eligible for federal funding but not on this particular grant because it's capped at 34 million dollars because it's part of the differential that you're spending on the projects. Anything outside of that 39 million dollars and in the eligible portions of the project like in administration office we would have to support, we don't have to show the M&A I wouldn't pay for but of course we have to show that you the public again in our own administration how and why we're doing that, that particular question. We haven't done that yet with the commission we still have a lot of steps to go through with financials but between M&A, Marie, Larry, Mary, Marie and Larry as well as a consultant team and recommendation team outside the consultants were able to release their summaries being insured. How much is federal? How much is this grant, this grant, and this grant and how much is local share? What happens to, like the rest of us try to build a house and they have this thing called project creep. What do we do to buffer against those kinds of things in baby airport world? If we're doing, especially managing that at risk for example at price increases you know doesn't, the FAA wouldn't cover that, just you know but we will have a solid guarantee maximum price. Obviously there's never any guarantee but that's why we hired Agelberg to do that and then within that there'll be enough contingency that we hope to buffer and then we're also, yeah the A so they know where we're expecting to go from. Yeah, there's that brief notice with the design right that we've seen most of probably on my fall saying you know we really need this differently or working with David and his security program but we need to do this differently. That's obviously- It needs a much bigger office. Yeah. And you know things will occur with that but that's all happening right now is that Ableworth has gotten pricing up for during the project. That's really where that that's for pre-paying clients to play and that's as an example I'm not saying- I think the last 12 or 15 times I asked you- Yeah, I walk around and I think that one of the seven of that is really because this reason that's where we have to be really careful sure that's not truly impacting costs to the project. It's gonna happen, I know it's gonna happen. We're gonna find things throughout the actual construction that may get better and then we'll have to do that cost benefit and else should we do it and is it worth the dollar to do it? Right now there's a lot of things in this project that we don't do now. It's gonna be far more expensive to do it. And that's why we're looking at geothermal and mass timber and solar and that because if we want to have that later on it's gonna be very difficult. Also, as you'll find out probably next month we had some creep in the tip. We're now gonna apply for a grant to pay us back for that little creep on the extra stuff that they want and so then we apply for grant this year for that. Oh and the last thing I wanted to add is not just everybody asking for $34 million tonight we're actually asking for the authorization to sign a grant for $34 million, we're actually asking for authorization to sign a grant up to $390 million dollars. We're gonna get the grant for $34 million dollars no matter what after this process is done there's some if there's always that fine print at the end of the grant, contingent upon federal funding. There's a way for us to ask for additional grant funding within the same grant over $34 million dollars every grant that we're gonna send to you every year always has the grant, not plus a 15% contingency which is that $30 million dollars. And again, that's grant costs not profit costs there's still additional costs associated with this. And I think the most important thing is what you're not this is a tiny piece of the authorization process we're gonna be back to you especially with the again where the contract back to you to show any recent dollar and where it's being spent and how it's being funded. This is probably the money that's here in the airport. Listen. Is it bigger than the CSA thing? Okay, this is right now this is gonna be two times maybe two and a half times the cost. Considering the size and the scope of this it sounds like one of the first big days is May 15th to get everything done by that rate. Of course that's only 60 days. So after that, I mean, we'll have all the real numbers. And from those numbers we come up with a contract with the name of the structure manager of risk the guarantee maximum price. Then we'll have to come back, wait and say with that get approval to sign that contract the approval price forward. What we're waiting for the grant to be issued. And you mentioned a couple of times that they don't have those bids in yet but they're well aware of that deadline and they do this all the time and we're confident that they're gonna have everything in by the 15th or whatever that back loaded date is in order for you all to get the grants. We have to because we don't want the price to go up anymore. In May 15th this isn't hard anymore. This is a regional request by that bank. We have the tax to the markets of next year to elect this grant. So yeah, this is a congressional director's bank. So on that legislation it says that Patrick Lay Burlington International will receive this grant up to the end of the appropriation time period, which is that March. But we want this FAA once in May 15th. We want that even if that's what we're driving we're at about 79% this time we're 80% we get the pricing done, which is and the risk to hold it in for a letter. And you might not be able to get to it right away. We will send in the application in four months might go by and we don't want that to happen just because of waiting for the FAA. But it's probably that's a technical one very important case for grant in a grant that's where we would line up really nice to permanent and construction and start in and facing. We have a lot of work to do with the airlines to make sure that they're happy with where they might need to be located but throughout the really this can be a two year construction project at the point it's all set. So it's a big, big time period. So we have work to do with, of course multiple years ahead of us when it's all set but we don't. All right, commissioners. Anything else for Nick? No, I don't think you're gonna know all the favor they seem to probably say no. All right, bonus extensions. Thank you. We've got lots of items six with just the financial update, great. Hi everyone to find that mute button, right? So you have before you the financial results to the end of January. This year continues to be very consistent. There is, our revenues continue to be strong. Our expending and our projects that we have we really haven't had anything unexpected come up this year so far. So that's always, always really good news. We are including three of what's not on here but as we see what's shaking out with the rest of the expenditures. So we continue to have the grant monies available to us. We are planning to draw down on those grant stimulus monies we're planning on drawing down quite a bit this year. So that is in process right now and figuring out the exact grants and the amounts from each one. We will continue to probably carry for us some of the stimulus money into next year which is good news and will help us with our budgets. Our year-to-date revenues through January were $15.4 million dollars. Our operating revenues continue to drive these higher revenues year over year are really substantial rental car revenues and our parking garage revenues which are performing very strongly. This is kind of what we expected but even maybe a little bit better than we expected in terms of the way the garage is performing and the car rental car revenues. All of our metrics are above where we were prior to COVID with the exception of PFC revenues and the PFC revenues really trail exactly with our employment. So as our employment gets closer and closer to 100% and hopefully we'll exceed and we are looking forward at those days are coming then we will see our PFC revenues also exceed. Expenses through the end of January were $10.3 million dollars. They are higher than last year. Again, I've been explaining this year that we did do so we're doing some pretty large projects and repairs and maintenance and we have some other higher costs that we knew that were coming in terms specifically led of them are driven by the payroll both with the reorganization but a lot of it has to do with just the contracts that we have with the unions and the costs and COLA's and healthcare and things like that. So we're seeing some of that be higher as well. So and our cash update continues to be strong. We are at the end of January. We are down from where we have been. We're about $3 million dollars in the bank at the end of January and not unexpected. We do have some variation as we're waiting for some of these funding amounts to come forth from reimbursements from the FAA. And we're working with the FAA and our consultants on getting that done. One other thing that I will mention is last week, Nick and I and Jeff Hartley, no, Larry joined us. We had a meeting with FISH Rating Agency and we were able to go through with them to make a presentation for them or maybe it was actually we can have a go at this point and we are expecting them to come back and give us an update. So we're expecting that shortly in the next week or so we'll have the results back from that. They're, you know, the presentation went well. They always really, they're very good listeners and they really enjoyed it. We put together a nice package for them in terms of showing how the airport is doing. And we have so many exciting projects and a good story here at the airport in terms of our success and our continued growth and very stable in terms of what is going on here. So that is my report for the month but I will entertain any and all questions that you may have. If you have any questions for Marie? Marie, I said that I'm just reading this phone. So I see that our insurance costs are running higher than the normal pace. I don't know if that's the time you should just pay something premiums early or through seeing in just an overall increase in insurance costs for the airport. So the insurance is there, we have a combination of insurance. So we have direct bill insurance that we do for the whole year and other we do month by month with the city. So we actually pay our direct bill with Hickok and Gordon. There are some items that we ensure specifically they're airport-related that are outside of the city. We pay that in August. So we always have sort of a lump sum of insurance that happens. So if you're just trending then you will the rest of the year. And that's just how the insurance works. I guess I'll ask her like that too but I guess it's just a spot of insurance support. Yep. And I didn't see an AAP receivable schedule. So just... Oh, yeah. I saw that, like that's looking good. Yeah, I did one but I think I neglected to attach it here. So I apologize for that. But yeah, I didn't upload that when I sent the packet over. That's not like it's ready to go down what's happening in there or pretty much... No significant changes from prior month. Our spending is... Our projects kind of slowed down in the winter months. So we pretty much are to the point that we paid off like all of the construction things. So even in January, February, we were finishing up paying some of the construction costs but those really sit a little bit. We won't have too many grand expense. We'll say some of these capital project expenditures until we warm up a little bit and we start associating with some of the other projects that are up and coming. So we will slow down and we are working on just the reimbursements, the outstanding is pretty much the same. Okay, thank you, Marietta. Great observation. We'll move on to item seven which is the construction update of the plan. Okay. Our reports are fairly complete and we'll give a few timelines. We already talked about the breadth of text and work. We will be submitting site plan application to the self-brought-in development review board and by the end of this week, pending signature of the needs of the school to the airport here at the end. So that's moving forward this week. That's what we have now that snow's not in stuff. We'll be a little bit of cleanup from last year's construction activity and flexible site items that will be completed. With the light walk upgrade that we talked about throughout the last few years here, we do not have a scope and a fee. There now, I think you went through the process of getting that grant for the state, the federal government would be worth the stronger improvements. We are now putting that together so we can approach them to have them accept that we can use that money to do this evaluation and then we'll make the design to recycle quite a lot of things. Next slide. Project Next, we just talked about that. I don't really like it there was that maybe the gains are, we're gonna get that grant and I think we'll get some more proceeds for the perfect process of that. Good news, runaway 1533. It is 100% design and it's got an advertised for bid. We will receive this back and we will apply for a grant for that by eight cents. So we, this reconstruction rehabilitation not overlaid from 533. There's no change in this, resourcing? Well, it's resourcing. Yeah, and despite the short couple sentences and in letters, update is by far the most complex. For I think that both me and Larry are working on two files with Paisley and Howard. Yeah, six hours of payment. Six hours, that's it. That's getting everybody out there and you know, no name, pay name, repainting, and then- Are they moving off? Yeah, and then also, I don't know, sleep once, 60 day period or 30 or 60 hours, mix this up. We have to come back and remove it, rename the lines again. So one of the unique factors of this is Dave and Larry, but to get there through a third party consultants that say, did you need management system plan to really understand the risks of shutdown and openings and options being left on the runway and it was an extensive process that they went through. There's a church that I understand through this kind of, we had all of aspects of the MFA involved and a lot of people, I'm committing a lot of improvements on how we're facing it, we're taking a little bit of the target, so it's good. Just to the curiosity, would that, is that going to out sort of lump on one-on-one? Nothing? It shouldn't be the same elevation across the board. So- So what does that look like? Well, it's going to be a four inch mill out, I think right, two or two, four inch mill out. Five inch mill out and they're repaved. I don't know, that's an issue. No. So if I were there, if you get rid of that little lump, I'd be in a meeting or something like that. That's on the SIP, it's in the CFP, I think the one-on-one. So, for those of you that don't know, there's a speed bump in the middle, right past the beginning of one-on-one nine, so as you land in between, it's on one-on-five, the students hit it, so if you ever see it, that'd be it at all. Just put it on, guys. Look at the speed bump. That's actually a good question. It just worked out. It looks like that if you're late. When I land on an island, I'll do that, so I don't know. Yeah, but you landed after it. Because I- Because I- You're not gonna put that shirt on. It ain't gonna be a tough one. Okay, so that's not a trick. The resurfacing, I don't know. No, that's- That's all I have in mind, Tim. All right, thank you very much. Any questions? Any questions for Larry? When is Tim? It will be a spring for whether the remaining 2025 project, because by the time we get a grant, any attention while we're at work this year. So it'll be next year. So the price will go in for next year. Lots of things, just as a kind of a program of things. Yeah. Yeah, any highlights? I really have no more report than what I have in here. Everything is progressing. We're dealing with the 15 projects that have been done. We're moving forward with the contract. That's already been blessed by the Port Mission and City Council with the contractor for the first hand of these things right now. So we're getting going on to the next 50. The next 50, we're probably gonna come to that in portions. Because of school camping and diamonds. We're two times for two separate grants for the next day. But other than that, I will update on that. If you could look up there, and go to the exposure map. Yeah, so we, it's April, is our next year. I remember the exact date. So we're moving forward with our next meeting on that. In April, we had a little bit of a delay. We choose some information. We're moving forward with the grant. That's, we've already made a decision on how to move forward with that. So it still happened. Well, April 11th will be our next input from users. And then from there, we anticipate wrapping it up by the end of summer early spring. Really, really simple, quick update. Just next door here. We had a storage room that was, as in many storage rooms. I was trying to go over time. So that is now completely cleaned out. We were renovating that to the other room. And it looks like the goals in this, we wouldn't go out in white walls. Reason I bring that up information on the exterior of the door so that that would be kind of more front of the projects. Do you get a point? You tell the house size of like the same property. It's vacated in a big space in that space. So I think no matter what, this would be very great. It is friendly service for us. And you'll see that it will be very good to have this couple of months. Our team's doing that internally too. Awesome. Yeah, it'd be nice to have our project coordinator here with us. And I'm sure that if someone was not really sure if they wanted to participate in the program, that's one way that they could find out information and speak to people. That's exactly right. And seeing and touch the doors and examples of what they might be looking at from A to Z and what this project actually looks like. So thank you. By touching it and seeing it, they could see that this is a very good project. And I think that it's a very good project. And I think it's a very good project. And seeing that they could see that this is a lot better than what we currently have. And it's got to be improved. That person is full time on this project. Tito Shee is the communicator with all of them. As a project, it's a little bit contradictory with that one person. All kind of stuff. So. All right, Brad, got any? Hi, everyone. Sorry, I was too late at work. Can you just revisit your timeframe for the next 50 homes? I kind of missed some of the details. The next 50, the one, okay. So we're starting construction this summer on the 50 that we did receive the grant for last year. We will be applying for another grant by May 1 or say, for April 26th for now the next 50. Of course, to those we had, we got beyond the blanket or pool that would be too possible. That thing with regard to the DNL line. So it took some extra time to do that. So we will come forward with a portion of those for that grant for May 1. And then we'll come back later this year with another grant application to finish up that 50 that we received for the year. So was that the grant that Nick, you were talking about where that other community wanted to tag on? Is that the same funding source that you mentioned previously? No, it's not. Everything that Larry is mentioning right now is part of what I would call our standard FAA grant funding that we know that we're gonna get. The other grant funding is through the Office of Local Defense and Community Cooperation, OLDCC. That we're still waiting for actually, their public notification process on uneven steps are for that grant. They said they were gonna do it in February. It is not released yet. So no, what Larry's talking about is the approach that we've taken since the beginning, we're just hoping to get more funding with that other grant. And if that happens, we'll step it right up and be more aggressive. That's right. I see. Thank you for the clarification. Regarding the noise exposure map update, so the last technical advisory committee group meeting that was canceled, right, from January, February? Yep. Scheduled or was that just like canceled outright? No, it'll be April 11th. Okay, so that's the advisory committee. Yeah, the next one. Okay, is there another public hearing? Is there a date scheduled for a public hearing? There isn't a date yet, but I don't know. No date yet? No, not yet. Once the TAC meetings are completed and then we'll publish the actual document with the maps, we'll host a public meeting day and then there'll be a timeframe for, on that particular day and a timeframe for the public hearing and public comment period as well. And that will be hybrid? We're still kind of going through the details on that. Typically what we do is we'll set up, we haven't really determined where the details are. I would, and we've told the consultants, I would like to bring this on the road, so to speak. We had a really successful one in the O'Brien community center last time. I think that would be really great for Winooski residents to own and then we'll do the same thing here in South Burlington. Yeah, we would love to have something hosted in Winooski, of course, by just planning space-wise, the O'Brien center is going through sale to Champlain Housing Trust. So depending on whether public hearing happens and some pending construction work, certainly reach out to us and we'll, you know, what our city staff will let you know if the O'Brien center is still like the best option or if it's City Hall or even up at the school. Yeah, okay, thank you for letting us know. That's going to be the summer, daughter. We only summer hopefully. Yeah, and the transition is happening in June. Gotcha. Same timing. Yep. That was fun. And then as far as the rest of the numbers that I've done so far, it should be. Nothing else for me to add? There's a point. I don't think there's anything else for Larry. I can prevent it. Well, I'll tell you. I have another item, which is the director's report. Right. I will try to talk fast and then we can basically talk about the airport. So last time, a couple of items through the next couple of slides. Last time we talked to you about the, the Tampa flight between Breeze Airways. We had our commission meeting in, in February and then a few days later, a week later or something like that. We had our inaugural Orlando flight with Breeze. One, I'm really happy to report that both the inaugural flights were just a really fun and successful, inaugural process, both in Burlington and in Orlando, Tampa. These are pictures of Jeff and I and the director of marketing at Orlando report, right inside there. Celebrating the very, the first BTB and CEO of flight while in this case is at CEO of BTB. Very successful. I'm also happy to report that since those inaugural flights, every single Breeze Airways flights has been over 120 passengers on every single flight. These are, like you mentioned just today, these are very popular, very full, are advertising and Jeff's work on the, the partnership with Breeze Airways. This is how we, this is how we do it. And we have a lot of fun doing it. This is obviously an example of Breeze Airways. We do the same thing with each one of our airlines. And that's why our group summer schedule is up right now on the schedule, 37% of the increase in number of seats being scheduled starting. So this is going to be, as I mentioned, a really successful, forecasted summer months for us. And I, and I'm obviously very excited about that. And then of course we're going to hand in more flights with Breeze starting in May of this year to the Raleigh Durham Jacksonville. Again, we're not, this is Raleigh Durham directly the nonstop to Jacksonville or what Breeze calls it, the Breeze through. So Breeze is doing really well. All of our airlines are doing really well. At the very end of the presentation, I'll share with you our January numbers, which has predicted and forecasted. We're not as high as last year and that was the one in the oldie month. We did not have JetBlue and we did not have Breeze Airways coming in. But I'm pleasantly pleased with the difference. It wasn't a large difference, meaning the other airlines truly are picking up the capacity and the demand that was being thrown out of JetBlue's aircraft. Are they picking up every three flights? Breeze? Yeah. Two flights. Two flights. Yeah. We're about 137 seats on board. Now, project next, you know, we talked a lot about it tonight and we're very excited. There's a couple of additional drawings. These are slightly outdated, but generally you see the concept here. This is a different angle of the third floor. This is, I think, exactly through the walkthrough, the visualization and then the schematic tourniquet. Then you see the third level that I was referring to, which not entirely all of it is the administration offices. And there's a pretty big event space in there as well. And then the patio area you can see comes out the door here and would pretty much encompass about half the area that the admin office. The admin office is less than half of the total footprint of the actual roof itself and an event space. This is also a potential revenue source for rental space. March 20th. What is that? Seven days from now? Next week? Yeah, next week. Again, we would like to invite you. We'll send out details like timing and everything. I believe it's 2 p.m. if Jeff is still alive. On March 20th to unveil more drawings, more plans on what the visualizations will look like in the vision and the concept of the project. But we've got about 80% angles, 80% completed on the design. And we're working with the numbers with Ingram. I've got a couple of other events here as well. Jeff. Take away Jeff on this. Yeah, so we do have a lot coming up. You know, we're excited to begin work with our new mayor who was elected last week. So she'll be sworn in in early April. So there'll be some exciting things coming down on that pipe. The transcend eclipse event is really coming to fruition. We have between sponsors between giveaways to employees, staff, VIPs and ticket sales. We're pushing 700 tickets out there. So we're super excited. We have some food trucks working on alcohol. We'll have a portable mini golf and a couple bands will be on site for the event. So things are really coming together. And I wanted to give a shout out to Dave Carmen, who's been working on the, the amendments and working with the FAA on approval for this. So we're excited to, to have the event. It's been a lot of work. It's been all hands on deck putting this event together. And it's, it's super, super exciting. And then we talked about the noise explosion. We just wanted to make sure that you saw that as well. Of course. I think we're going to have our next mission. And Nick, I'll just quickly add that for all of the members of the board, we'll send you a tickets to the event. If you just let Hannah know how many you'd like. I'll make sure we get those to you. They'll be electronic tickets and they'll come into your inbox. Speaking of mayoral transition. I wanted to take just a quick moment, a quick opportunity to talk a little bit about our current mayor, Mayoral Weinberg. If you just want to say this, I talked a lot with him and learned a lot from him. And I've worked with him for almost 11 years in different capacities. And certainly he will be missed with the city and definitely the airport. And with this award here, which is where it all started from. So he would of course be in his turn at the end of the month here. And wish him the best in the future. Very excited for him and will continue to work with him. And of course on the project, he's put a lot of time in the project. And equally as excited, we have some changes coming. We have the new boss. And really excited to work with mayoral. We'll be starting her term in just a couple of weeks. I'll be in many of these meetings coming up and working with her and her team. There's, you know, there's still a lot of things that we're waiting for as far as transition teams and working with the new administration of our office. But of course we, this is how the transitions occur. Full disclosure and then gone through mayoral transition. Of course, this is new for me too. I've been working with them a couple of times and really start working with them as well. So what we're going to do is talk about these electric fleets, but I keep getting really excited about them now. You've seen them on right at these. The team just did a really great photo shoot with them in front of the terminal and air traffic control tower. We really want to start pushing these publicly and what we're doing here, not only charging them, but also using them every day to, and they've been very successful. We generally don't leave this airport anymore if we have to do outside the meetings and we don't burn fuel during that any longer, which is what the Mustang is being used for. Or what we refer to as the Mach 1. The two lightings, the yellow and the dark blue one on the left there are really used a lot. Very operational. Dave and his team uses the yellow one to expect a runway in three single day mode on today. That will make a drop of fuel. Dave and his team uses this vehicle over here. What's really cool is this really starts aligning our goals within an electric fleet with our current units. So band technologies is partnered with us. I'm installing all of our chargers for these vehicles at Elkost. So they're going to be charging. They have three or four of them and we're still determining the details on where they're located. They'll be mostly out on the airfield side of things because I went off on the front here so we can display the vehicles. But that's just another example of our partnership with a really great time. In this case, band technologies. As far as passenger statistics go, it's blocked off a little bit. I don't know what's up at the top. So January 2024 compared to 2023. We're off by about 2000 passengers year over year, which is this top corner over here. So 44 to pass. You can see 19 and 20. Remember that was just before the pandemic started. January, February, there's only two months in 2020. So we're not quite there. But it's consistent with what we've been referring to. Again, just a reminder back in October of 2023, our highest year and 15 years, 68,000 compared to even 2019, which was 66,000 total out of our passengers. The dot is rough at St. January of 2024 on the chart there. Slightly lower than the prior months. Excuse me, prior years, same month. But we are expecting February to be very high, especially with the introduction of breeze that month, which started January 31st. And like I said before, our forecast schedule throughout the rest of the summer is going to be higher. The schedule of the passenger seat capacity is going to be higher than what we've seen in the past. So we should see these numbers really consistently. Now let me track the seasonality of what you see on the graph. But my hope is to pass the green line as I think all of us hope for. McGrath, it's a little bit different. We're still seeing pretty high utilization rates. You can see right now January utilization rate was 84% highest that we've seen in a long, long time. But last year we had some real challenges with our utilization rate. It's a part of passengers on offsite lots. This year we didn't have that problem. We did make some procedural changes. We did not have the capacity to offer the employees throughout the. It's a part of inside the garage this winter. Most likely that's going to be a permanent change in our policy because our average numbers really aren't going below the 485%. Right now as we speak we're at 92% filled in the garage. And that of course fluctuates based on college time frames, high schools, which was just a week or two ago. Canadian holidays, which was last week. So there's lots and lots of factors to the rate. I don't see we need to change too much with the infrastructure right now in the garage. We need to focus on policy first make those amendments and changes and really look at the status for anything in the future. And I take that back there is a little bit of infrastructure that we need to add. Not big infrastructure but gates. We need to just make sure we're controlling the access to some of our offsite lots. We need to map overflow with a capacity in an offsite lots to offer them to pass your years as well as employees. February numbers of course on the remedy side of that. So are extremely good. But five just over 5.5% February 23. And 3.5% higher than the February of 2020. So we're doing really, really good in the rush. That of course is what you can order in the financial report that created earlier. That's all I have for you tonight. So do we have the major increase in parking garage capacity after 2011. So with within our markers, right? We not only increased the 84% but 84% got a lot bigger. Right. Because of the expansion. Yeah. Yeah. That's right. So we're keeping 84% in a much bigger garage than we're actually having. That's right. That's right. She's even better. So it doesn't matter the question though is the rental car. How much do they pay versus the public. The spots that they get inside. So they don't generally pay for the spots. Their payment is through their concessions fee, which they sell. And they're doing really well. They're going to pay much more than the average public. And what we've gotten. Yeah. Just open those up. That's right. And the convenience and experience of a passenger, whether airline. So much better until much better in that. We're still. We want to make sure that if they are out again, these spots, they use these spots and it's basis. Everything so far as they did a little that, but you know, if it changes, we want to make sure we're addressing that. I don't see that changing at all. Especially what they're running numbers. Yeah. The only changes we've made procedure to remove. If you will add space capacity for the public is to remove both crew parking and employee parking from all of the parking spaces. Generally, we do have the third floor deck close for the winter season, which makes our. Our teams. Yeah. This photo session. The snow will. Capability. It's so much easier. And the risk of damage to a vehicle. So much lower. This year we've opened out it up earlier than we ever have. So we've also added that back into the total number of spaces. Where would the employees partner? So they are in a offside lot just to the north of the air truck control building. We actually built a sidewalk and it's near the exit. We've also installed security cameras, both in the parking lot, state security capacity out there as well. And we've added what we're calling blue lights or emergency lights. Similar to what you see on. It's all the way out to the garage system as well. To the parking lot system as well. Further along we do offer that as a technology to that was part of a release for those products. So we're filling up over the need of additional. In that one. That however is the lot that we do want. Gates. Access control gates. Not only to control employee. The back city. But to make sure we don't have public parking in there. And we don't. We do. We do. We do. We do that. We do want. Gates. Access control gates. Not only to control employee. The back city. But to make sure that we don't have public parking in there. And we don't have. There are guards over here. We knew who gave the permits and we do. Why are you doing that? Once for us today. But it's still. So it's. I'm. It's currently on. Speaking of parking. We're. A lot of the guests for the eclipse. Going to. Do you see that. Sort of. Phasing in. Without. Problems. Yeah. We don't. Right now we're not forecasting any issues. We are going to be using the parking garage. For. Close parking. And then we'll be offering shuttle buses. Because our. Clips. It's going to be. This ramp over here. It's going to be from. Brick garage to. This. We're using what's. We're going to be using what's about a. West. And we don't. See any capacity constraints so far. We still have a lot of. Season. Just to be sure. Right now. And it's secure. Side of West. Yeah. And they're going to use parking in. That's just to be for vendors. And. When he's been a big part. Yeah. Coordinating with us. We're using. For. Plains. That. Is working on a parking. We're looking at. Potentially. Two to three hundred. Stroke. To. Fly in. It's going to be a busy week. For the county. I can't see the airport. So. It's going to be a busy week. It's going to be a busy week. It's going to be a busy week. It's going to be a busy week. It's going to be a busy week. It's going to be a busy week. It's going to be a busy week. For the county. I can't see the airport. But. The airport parking would be. The MPs or. Yeah. You would think also that since people would be. Flying in. That there would be a high number of rental cars. That. Would vacate. Yeah. The parking area. And how. Just. Your attention. One. And if that's. Something that might be able to use. In case. Things get. Really full. Yeah. Yeah it is. There's some infrastructure that we have. In the garage. Because the rental car. Is also an idea. Access to the. Yeah. To the ramp area. Not. Not overly complicated to do that. But it's a. It's an option for us. To be. Careful to. Although this is a. Shorten area. Certainstance. Contractually. We've. Obligated. But. We had a good partner. So. All right. Jeff. And then. I lowered my hand. My question was answered. Thank you. Great. Thank you. Great. Just tacking on to that same question. Have you. Talked to the local motion about. Bike parking. Event. And. Yeah. No, we haven't. But we can. We can add that to Jeff's. Growing list of things to do. But. We would have. Pretty significant. By parking availability. On the. The valley area that we're referring to. Gotcha. And we do have. Yeah. Company. If you're already including information in your. Information like the information that you're. Distributing about like where to park. And. We would have. Pretty significant. By parking availability. On the valley area that we're referring to. Gotcha. And we do have. Yeah. Company. And so parking spots that are bikes in the garage. Including. Including. By lockers as well. It'd be. It'd be. It'd be. It'd be. It'd be. It'd be. It'd be. Distributing about like where to park and. Encouraging bike parking and where to find those. Spaces would be good. Yeah. I mean, if, if it is at this point, it may be too much to try and coordinate with local motion, which I totally get. That's been going on. So sometimes local motion, having that as like. A staffed space. So again. Like. I get that we're. A couple of weeks out. I have another event. On the third and fourth. And I'm getting. So why I was late getting a last minute changes. So. Just asking. Yeah. Yeah. I can speak to that a little bit. That has actually come up in conversation. And. It's the belief of a lot of people in this industry. Or people who do an event. And I think it's a great idea. I think it's a great idea. I think it's a great idea. I think it's a great idea. From a public safety standpoint. Encouraging biking as might not be ideal. Considering the amount of traffic that we're. Anticipating on the roads. So I think it's a great idea. I will absolutely include it in the messaging that if you do plan to bike. But I don't think it is something that we want to encourage people to bike. To this event. We're also going to be working with Uber. They go to the. They bring their passengers to the. Parking garage. This state is anticipating a lot of. Car traffic. Parking on the side of the road. Once they. Find a good place to watch this event. So it's, it's the before and after that. From a public safety standpoint. We're very concerned about. I hadn't heard that. So. Thanks for the update. It's terrible. It's terrible. I tried it once. I was terrible. I had to go to the airport. I went to the bag. Every back road took me like half a day. She goes like three and a half months. It's shamefully bad for the state that prides itself on biking. I will reach out to local motion. They're a great organization and see what they're planning. It might be useful for our conversations with all our community partners. They're doing things to make sure that they have a seat at the table. Yeah. Thanks, Jeff. Anything else for Nick? I don't know. If there's any status report from commission. Not here, but. I don't know if you're still there, but it's something that's put you on the spot. Are you still here? No, no, no. I am here. And I understand that my appointment is till June. So I have expressed an interest or willingness to continue. And I will have to, um, You know, I guess go before the council and apply if that's what, um, they think would be the best thing to do. So that's the status. So you'll see me for a couple more meetings. I'll fill your application out for you. Yeah, I just need to have this stuff sent to my home and home email because I'm blocked out of the city. You know, We, yes. Yeah. So. Right. Get your choice of where you'd like it to get. Is there anything else? I will know. I was hoping to do a little more. Yeah. I don't know if I have the chance to, but it's time that changes. Let's just say changes. But usually this time of year, we start to think of the, the, the appointment letter that you bring to the city. So just putting that on the radar and said commissioner, she'll see something for me in the next few weeks about getting that ball rolling. Yeah. Yeah. I'll put more details there. But this is the traditional time of year. We take a look at the next performance and we say, do we recommend 3. Right. That's coming up. Great. And the one is follow-up is there any, I don't think we have any follow-up is carried over from last time. Are there any other topics we want to put on this list for next meeting? We're hoping for a follow-up on something. Yeah. That's, that's. I'm not. I'm not saying anything on the. All right. But thank you. I just have one announcement. Yeah. Thank you. Thank you. Thank you. Thank you. So when you ski bridge, they're having their next public hearing. And I don't have the date, but I can share that with you, Nick and team. The focus on this next public hearing is the intersection just on the Burlington side. Of the bridge. So it's, it will be focusing on that intersection. So if there's interest to attend, it's going to be an enormous project in terms of how it's going to affect a lot of people. I don't relish you having to deal with that. It's clearly important. Wow. I'll second that. Hi. Okay. Thank you, everyone. Bye-bye.