 Okay. So let's get started. I'd like to. Call the order. The airport commission meeting for Wednesday, May 19th, 2021 at. I got about 402. So. Next item is the agenda. Yes, Bill. I moved to approve the agenda as submitted. I'll second. The story. Okay. We're going to have an amendment from Tim George when he. Tim George wants to amend. The. The number 10 item on the follow up. He will have some amendments when it gets. When we get to that item, he will amend the agenda accordingly. All right. So all in favor. Hi. Hi. Public forum. Anybody. None consent agenda is 4.01 approval of minutes. I'm of approval. Second. All in favor. There's a type of the name in the minutes is Joe O'Neill. Okay. I talked to Mary Ann and changed the Joe McNeil. I assume it's Joe McNeil. Just let you know. And she's corrected it. Okay. Thank you. Okay. Moving on to 4.02. In plain minutes. We approved of the consent agenda. Okay. I assume. Does anybody have questions about. Our employment situation. Other than the fact that we're training up. Thank goodness. Yep. It's looking better. Looking better. And if you will, Mr. Chairman, I can add just two points to that maybe. One is the new, the new boutique air. Flight to Boston has been doing extremely well. I think they have an average of 80 to 85%. Average load factors since they started, which is just a little bit over a month, I believe right now. So they're doing really, really well. New flight to Dallas is starting July 3rd with. With American Airlines and then overall, we had a conversation with Delta Airlines. Gene Shelby and myself earlier this morning. And they're very happy with the load factors out of Burlington, Vermont, even, even as we enter this incline of. The, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the requirements. So they're very, very happy with what they see and what the projections are. They're actually a little better than what the hubs were. Isn't that what they said, Nick? That's correct. Yes. So. Jean. What do you, what do you think. If the Boston flight continues with these numbers. Do you think we get. A second flight. I think the first flight is a real bonus. You never know, there may even be another airline interested in it as well. As Nick talked about the successes of it. It's actually, that was. Based on the first three weeks, the 81%. And, you know, they're still hitting it out of the park and doing extremely well. So I would say they. I think we'll be, we'll be looking at it and what we've asked them to do. Jeff is to. Overnight the aircraft so that, you know, we can leave early in the morning and make meetings and then come back at night after the baseball game. Very good. Very good. Well, thank you. Thank you. Thank you. Thank you. Dean or Nick. Do you sense that it's people just going down and back to Boston or is it are people using it as a way to connect? About 40% of the people. That had ticketed as of three weeks ago. Or connecting flights. Because they're partnered with, you know, I was searching for some Pharisees the other day and I saw that as well. So they're co-chaired with American and have a partnership with United Airlines. So like, if you have a bag on board, it's going to automatically swap over to your next flight. And what are the hours? When does it leave in the morning? It's in the afternoon. It's in the afternoon. Yeah, about lunchtime. Is that right, Nick? One o'clock lunch. It arrives in Burlington at 1245. So it leaves Boston at about 1145. So it leaves Boston in Burlington and departs Burlington back to Boston at 115. Okay. Good enough. Yeah, absolutely. Good that it's working in this day and age. There's some good news. So do I have a motion to place this on file? Bill. Yup. So move. Do I have a second? Second. Oh, in favor. Hi. Hi. Number five action items. Oh, this is a great one. USDA agreement. Yes, Bill. I moved to approve the service agreement. Between the airport and the US Department of Agriculture has described in a memo dated May 24th, 2021. From director Richards to the city council. So move. Okay. So. So let me explain that, please. 60 words or less. I can second that. 60 words. You made it. I made it. Explain that Nick. Yep. Absolutely. 60 words or less. Sorry now. So the USDA and the Burlington airport have had a extremely strong relationship for many years now. This is an extension of their existing contracts, which expires shortly. This one gets picked up at the end of the federal fiscal year here in October, continuing their contract. USDA provides an extensive amount of services at the airport, not only to help trap and relocate. But also, some sensitive species are endangered species of wildlife, but also helps mitigate and deter other wildlife, both mammals and birds into the airport environment. There's different methods to do that. Mostly we use a firework type method to scare the birds and get them away. Mostly birds is a very, very big concern, but especially this time of year, we use a firework type method to scare the birds and get them away. And we also use a firework method to scare the birds and get them away from the airport as well. And on top of that, they provide extensive training for our staff, not only our maintenance staff, but certainly our operation staff, staff which requires training per the FAA standards for wildlife mitigation, what type of grass to grow. And also, there's a lot of training for wildlife mitigation strategies on the airport. So huge benefits to having these folks on the airport. And they also have a collaboration with the Vermont Air National Guard doing the same thing. That might have been more than 60. Hearing none. Do I have a second on Bill's motion to accept? All in favor. Okay. Thank you. I would like to have a motion to accept. A grants. There's two pages on wow. Bill. Mr. Chairman. I'd like to go before you have a motion. Because someone might want to separate out one of these things for further discussion or a different vote. But absent that. Before we have a motion. Can we have someone describe? Each one of these because these are significant. What's Nick and I on that? Yes, go ahead before we get to it. Is this a total of about $450 million, something like that, in contracts? No, this is about $10 million. Is that correct, Larry? Actually, the six and a half isn't here anymore. That's... All right, we'll go ahead and meet the team of Nick and... It's several million, that's for sure. Yes, it's a few. It's like three and a half all total, but Nick, do you want me to share my screen or would you like to share yours with the diagram first? Or the... I'll share my screen, Larry, and Larry's gonna take it away with the first few, about half of them, and then I'll pick it up at the end. And if you wouldn't mind showing the bottom so I can refresh everybody on what we've submitted, provided previously to the commission. So the rendering, okay. So everybody is aware we've presented these hotspot projects to you in the past several months, one in the area of the two runways intersecting, then down where Taxiway Bravo is, which is area two, and then where Taxiway Charlie is for area three. If you would flip to the next top of the next page. Okay, so the first part is just some removal of payment, which takes away a lot of the sea of payment out there from that confuses pilots and stuff because it's so huge and large. So we're gonna take that out and replant grass in that area. So they have less area to get reduced. So then there's the second portion of this at Taxiway Bravo, we're gonna add guard lights at those points that are shown and new markings where the yellow is shown. Obviously there's a lot more detail, but this keeps it fairly simplified. And then if you move down to the last one, Nick, I'd appreciate it. We are gonna relocate the PAPI, the precision approach. Half indicator. Half indicator, sorry. From one location to the other, we're going to paint an island and we're going to build a new taxi lane or Taxiway from Taxiway Charlie to the end of runway one. And we're doing markings and stuff there. So Nick, if you wanna go back to the list of items and blow that up as much as you can. So number, I've got them right here. So the FAA asked us to divvy these up into different buckets. So that's why there's so many of them. So we're kind of following their direction on how to do this. So number one is to accept the grant for $1,055,000 plus contingency for the hotspot remediation project for basically all the guard lights that you saw in those drawings and the markings and the removal of that pavement. That's included in that. That was their priority, they wanted that first. So number one is just guard lights, markings and removal of that pavement you saw, that sea of pavement. Number two. And Larry, I'll just add the motion that you see for number one is to accept the grant offer that we are expecting from the FAA related to what Larry just mentioned. Nick, I'll have a motion to cover all 12. Awesome. All right, number two. Make it 15. Any questions on one? None, okay. Number two is the authorize eight. We put the project out to bed. We had two proposers. We had SD Ireland and we had Pike Industries. SD Ireland on the entire project was only, it was very close, $20,000 difference between the two beds. So we're asking for Jean to be able to sign the contract with SD Ireland to do number one, which was the markings, the raised lights and the pavement removal. Move on to three Bill. Okay. Number three is to authorize, this will only be a board of finance item, EHA, the consultant to oversee and assist us with the construction oversight requirements of the FAA for construction of number one of the acceptance of the grant. So that's the first grant that we should be receiving that we applied for. And we're looking at asking for acceptance of the grant, enter into a construction contract and construction oversight contract. So the first three are related. Okay. They're all related, yep. There'll be one grant, okay. Number four is a very small item. It's a grant for a reimbursable agreement. We showed you the PAPI location and how it's being relocated. With the FAA owns that, the technical tech ops group and the FAA owns that. So we have to apply for a grant from the AIP folks to get reimbursed from the, to pay the other portion of the FAA to do the design of moving those PAPIs, okay. So that takes another grant. The reason the FAA does this is because the tech ops is terrible about getting bills out and closing things out. And it holds up the sponsor being us of closing our grants out. So this only holds a little bit of money out and not holding out millions of dollars for us to close out projects. And the FAA recognizes their own issue with this. So we're asking for, to be able to accept the grant for 47,973 dollars to pay the FAA to design the relocation of the PAPI. Next one, Bill. Yep, yep. Number five. Okay. All right. So this is another, the taxiway, Charlie area of the hotspot projects, which you just saw, okay. Part of this project includes a mill, and overlay from runway one to the Heritage Apron of taxiway, Charlie. So we're gonna do a full mill and overlay, four inch mill and overlay of that area. So we're asked, we've asked for a grant and we anticipate a grant, which we were asking to have authorization to sign for that. But also the FAA, who typically doesn't give out design grants in advance, is allowing us to put in the money in this grant for that new taxiway kilo, that new parallel taxiway you saw there in this design. So we get reimbursed for money we've already spent before we have to apply for the construction grant to build that. And so they're allowing us to put that in with this grant. And also we are bidding this project in the next several weeks and we'll have bids back and they're gonna be looking for this price because typically after the FAA awards all their grants, sometimes people don't accept all of them and all that. So there might be money available. So we might have to do a late application and get this funded later before the end of the federal fiscal year. If the money is there to do that. So this includes that part of this hotspot project, the design and also the taxiway, Charlie, Mill and Overlay. The next item, number six goes along with that. We bid this, we had two bidders, S.D. Ireland and Pike Industries. And like I said, they were very close and Ireland was the low proposer. So we're asking to sign a contract with S.D. Ireland to take care of that project, which we anticipate issuance or these offers to come in the next couple of months. I know they're already starting to program them. So they're really ahead this year. So hopefully if we're successful and these grants come early, those projects should move forward during this construction season. If the late grant comes for taxiway K that new taxiway, you saw that, that will not start till next spring. Number, okay. So number seven, again, is that CHA for construction oversight for that specific grant for taxiway, Charlie, for their oversight of that. There's a lot, that's a little bit more because there's more testing on the pavement and stuff like that that has to happen and subcontractors to do pavement testing. So that's all, all of those three items are one grant. Larry, if I could just jump in and ask a question. So as I look at the dollar amount of the grant in line five, it's substantially more than the value of the contracts in line six and seven. Is there more, are there more contracts that will be coming in the future related to this or is it just the grant that we're getting has turned out to be much higher than what the actual costs will be? Okay, so what you're asking number, let me look at it on the bigger screen here. Number five. You're asking about number five, right? The grant, yeah, basically the dollar value of the grant in number five is substantially larger than the cost of the contract in six and seven. You're correct Tim. So the grants, each one of these grants do not only just consist of these two contracts. So there's many other items, much smaller items. Most of them less than $50,000, some associated with force account work or administration time, all sorts of things associated with the programming of each one of those grants. So as long as the grant is higher than the contracts underneath it or it should be okay. That's always a good start, yes. Tim, let me also add, I apologize, but if you go to item number 10, this should have been the next one. You'll see engineering fees for design of all this stuff, which is part of what Nick was just talking about in those items that you've already approved that we're amending during this session because of the FAA's direction to break this project into three grants, so which costs more money. You previously approved this money, if you go back to that grant being larger, this is a large part of that money for design. Okay, got it, thank you Larry. Yeah, so that goes to 10 and I think I'll give you a break from me right now, right Nick, it's your turn. I have eight and nine. Oh, eight and nine. We're gonna skip that one so that we kind of group all the construction. So Larry's gonna finish it up with 10, 11, 12, if that's okay and then I'm gonna pick up eight, nine and 13, 14, 15. Yeah, just want to be with you, yeah. Okay, so 10, we just explained that's where those monies were that Tim was asking about missing in the other place that you already approved 317,000 of. We're asking to amend that today because it costs more money to do what we were doing because of the FAA's direction. Number 11 is something we've talked about for months now about this offer we've got from TSA. It's called an other transaction agreement with the TSA with regard to review a new inline baggage system. This is, they have given us the offer, the money's available, it's a 95% grant. We want to move this forward and accept this grant. Understanding along the way, there's a lot of phases and reviews where we decide how far we want to go with it and how much it's gonna cost us in the long run or not. So it's a lot of work. Larry, what's an inline baggage screening system? Okay, you're all familiar with the way it is down there now. Each airline has their own, there's these big brown things that scan those, the bags that go through, correct? You know, those big things behind there, there's one. So they slide through there, then each individual airline has their own belt that goes out to the cart that takes the cart, the cart takes the bags to the airplanes, correct? Yep. So the airport or the airline or the TSA on the Baker airports wants to get more efficient with that. So there aren't six machines for each airline. There's one scanning machine that does it much quicker and it goes through one, it goes through a system and they all go through the same system, then they divvy up through the airlines after they go through this quicker screening process with less number of those scanners. Okay, got it. Okay, thank you. So we, this is a significant project, obviously just engineering, that's all that includes evaluations and everything else here is a lot more to come if this moves forward. Number 12 is... Number 12. Yeah, 12, yeah, 12, well, 11's the grant or offer. At 12, we went through a selection process we do for all our projects and selected passers-associates to actually do this work. And so we are asking to sign a contract with them to do this. Can I just ask a question? So this is a lot of money to do all the planning and potential design. And then when the final design is done, we then determine whether we want to apply for a grant to fund the thing and that would be based on... No, well, yes, eventually, but we'll spend about 30,000 that will be 95% responsible for to find out what this project is gonna cost and what's gonna cost TSA and what's gonna cost the airport. At that point, we will have to figure out how we're going to fund this or just say no and or the TSA might just say no too, you know? So just drop off points along the way that it's multi-phase to make a decision on whether or not because they're kind of like a tenant and they only pay for what they need. And of course, we have to provide the space to sort of cost us money, you know? So you have to figure all that out and that's the first phase which will cost, the grant will pay 30,000, we paid 5% of that to figure out whether we take the next step. All right. I think I already said 12 is the company we look forward to move forward. Nick, your turn. All right, so thank you, Larry. Nice job. So I'm gonna switch over to some of the noise compatibility program projects. Oh, can you hear me? Okay. So number eight is another grant acceptance. We applied for an additional grant. This is the one we've referenced in the past to kick off the noise compatibility program which is sound insulation of the 10 pilot houses. This grant includes not only the outreach, the communication, the design and the construction of all 10 of these houses, but it also includes the outreach and next steps for the next 50 houses in the program. This will set that rotation that we've been referencing that every year we apply for additional funds, not only to design the next 50 houses, but to construct the 50 houses that we previously designed every single year. The number nine is also associated with- Wait a minute, Nick, Nick, I'm sorry. Now, when you get this money, will there be public hearings on this either conducted by the airport or by the city of South Burlington or Wunewski? How will that be held for public input to this project? Or is my question premature? Nope, we've actually undergone about three years of previous public hearings and public outreach through our noise compatibility program. So that's a really good question. We've previously set up a committee associated with the noise compatibility program, noise exposure map, public hearings, noise compatibility program, public hearings, and then multiple workshop setup for the community to understand the intricacies of each one of these programs and steps and regulations associated with it, while also acknowledging and letting them know that the next steps or the future of this program is now on hand. These 10 houses are going to require, just 10 houses are gonna require some substantial communication with individual homeowners. There's many steps along the way to actually construct or install some of these windows and doors. Many requirements associated with it. So now we're at the step of, instead of larger community meetings, now we're at the step of individualized communication with the eligible property owners as we move forward. More houses you add, the more complicated it gets. Okay, so the next step is to deal with neighborhoods with a high degree of decibels, is that correct? That's essentially correct, yes. As one of the documents that we are about 90% completed, we published some draft versions in the past. This document is called the implementation plan and that spells out exactly what you're referencing, who in what communities and in what priorities are houses eligible to participate in these programs. That also specifies and organizes the airport and the FAA and the communities in understanding what percentage of houses in each community will be eligible every single year. So it's not just one community or one neighborhood that's going to be receiving some of these annual grants. It's going to be split among all communities that they'll have priorities within those higher decibel levels, like you mentioned. So Helen, are you aware of all this stuff? Yeah, I went to a lot of the meetings. Yeah, well, I went to some of the meetings, but I didn't know what house number 11 should be or house number 51. So there is criteria for each of those. That Winooski and South Burlington are aware of all this procedure. Is that correct? Well, I think they're aware of it. I wouldn't be able to tell you what the criteria are. And we don't know what house number 11 is. I don't think that's been developed yet, but there will be criteria. We're digging too deep into uncertain questions. The answer is that South Burlington, Winooski are very aware. They have representation. They put in lots and lots and lots and lots of hours. And this is just part of the process to where we're going. But this, to get to where we are today is taking tremendous work from all the communities and the airport. Right. Can I ask, will this, the first 10 houses, will that, will the, I guess, collaboration, you would call it with Vermont gas systems, will they be included in those first 10 houses? Or is that the... 100%. 100%. Yeah. So similar to what Bill asked and what Jean and you were referencing, to select these houses, we are going to be collaborating tremendously with Vermont gas systems so that we can identify and pinpoint some of their data that they've collected over the years and coincide with their programs as well. So that's not only the 10 houses, but each year's programs, the next 50 and so on and so on. I'm done. And number nine is associated with this grant. So eight was to accept the grant itself. And number nine is to contract, continue our contract with the Jones Payne Group who has been administering this for us within that same grant that was referenced in number eight. Nick, you might want to mention that the difference as Tim asked before is the estimated cost for actual construction. That's why there's a difference between the grant and the Jones Payne's bill, what we've estimated the construction cost for the first 10 houses in there. Yeah. Thank you, Larry. And that's a significant one right there. So the difference there, like Larry referenced is the construction of those houses, which is not contracted to Jones Payne. We're lucky enough that the FAA allowed us to receive a pretty much a design-only grant, meaning they're giving us funds to start the design, but they're potentially also giving us funds for construction that we still haven't gone out to bid yet. That's very difficult to do with the FAA, but they're allowing us to do that in this one so we can move this process forward pretty swiftly. All right. And that brings us to the final three here. Again, all associated with our noise programs. Number 13 is associated, while 13 and 14 and 15 are associated with easements related to the noise monitoring equipment that we do already have the grant and the funds for right now. We are moving forward with finalizing the design, although it's not as complicated as some of these other programs, and then finalizing the locations to set these noise monitors up. These three items are related to a required easement that the FAA requires before we install these noise monitors. It's an FAA-funded program, FAA-funded equipment. Therefore, they require easements on the sites that they're going to be located all within the 65DNL. The city of Winooski, Gene and I actually presented at the Winooski City Council. Mayor La invited us, and we had a great conversation, not only associated with this, but with many general updates regarding the noise compatibility program. And they have also approved this particular easement to be moved forward so that we can set up the noise monitor at their town hall location in downtown Winooski. Same with the city of South Burlington. Helen, you would know better than I on the status of that for your council, but this is the same thing, and this is going over to the, I'm sorry, this is over at the Chamberlain School, so it's probably not at your council. It's probably the school board, because I didn't know where it was. Yeah. And is this to be installed this summer? Is that right? That's correct. All three of these were on track to install around the July timeframe, end of July timeframe. And my apologies. Yes, it is the school board, and they have approved it with a couple of requests, including putting some fencing around it to protect it, similar with potentially Winooski. And the final one is the city of Williston. Right now we're looking at potentially putting it at the Department of Public Works garage location at the end of one of our runways just in Williston. All three of those are the easements for those noise monitors. Nick, what do these things look like? Are they bigger than a bread box? They're bigger than a bread box, yeah. If you, they're about 15, 20 feet long, Larry, and eight feet high. So think of a half of a, it's a trailer, but half of a shipping container, if you will, a little bit smaller than that. And then on top of them, there's essentially an antenna. At the end of the antenna is where the microphone sits. And then everything is self-sustainable. So these are all solar powered Wi-Fi. We don't need any power connected to them. And they're, if we need to temporarily, we can bring them back to the airport to perform maintenance on them or to wear anywhere really. But otherwise, these are quote unquote permanent locations and the web portal will show all of the data that's collected from them. Okay, is there a fence around them? That's a good question. The school board in South Burlington, the Chamberlain School actually asked for a fence to protect them going around that. And we'll offer the same thing to Winooski and Williston as well, just to protect them a little bit. Okay, thank you. Just for information, we anticipate the FAA grants, not the TSA will be 100% grants this year. That's another good thing. That's all associated with the pandemic funds. And so this will be year number two that we will be able to take advantage of a 100% grants. That's amazing. Right, so do we need a motion to approve all 15 of these? Yes, we do. Well, I will move that. All right, do I have a second? Second. All in favor? All right. All right, so before we go to the financial package, Helen, you said you had to leave at five, it's 20 of almost. Do you want to give your report? I actually don't really have a report, nothing new. Okay. Other than, you know, the airport is very familiar with our working with them and they're regarding the beta expansion and I think that's moving ahead very well. Okay. All right, Helen, can I just add to your report because you may not have talked to Paul Connors today on the rezone of parcels of the airport. Right. Nick and I will be meeting. We got an email today from Paul, we knew Kevin and himself and what day is next? Planning commission. We'll be at the planning commission. You're gonna be at the planning commission. Yes, I will share that. Okay, so I just wanted to let you know that was happening next week. We understand the fast track and I think all the different counselors will be given a tour to help grease the skids here. I get to go Friday. You're very lucky. Okay, it's absolutely amazing work that's going on. All right, good. So we will get back on track to item number six. Sixth bill one is the financial package. And I see that Marie is ready to go. Well, good afternoon, everyone. So I'll go through the financial package. And so you have here just kind of the highlights of how the airport is trending overall. We continue to on a monthly basis to draw down on our stimulus package money to pay for those expenses that we don't have enough revenues coming in yet. We are starting to see the revenues increase like in the parking garage, we're starting to see things turning around as the planes are going up. So I think that's a good sign for me to see and from a financial standpoint, I'll go through. So I sort of have a highlight of the CARES Act money. We are holding out. We've drawn down $6.1 million on the CARES Act money. We still have about two and a half million dollars remaining on the CARES Act money. And we have an opportunity to draw down that money. And so we've been talking about drawing that money to pay for local shares that, while Nick and Larry just mentioned, the grants that we got in September of 2020 and the upcoming grants that we're getting, they're all 100% covered on the FAA. They had the extra money from the stimulus money to cover the local share. But the older grants that we're doing construction on now like TaxiWayG and even our terminal integration project, those are all 90%. And so those we have, those grants, we can use the money under the CARES Act to cover the local share should we choose to. So we are still doing well with our monies under the CARES Act and still have monies remaining under the stimulus grants. Our debt coverage score was 1.38 as of the end of March. So that continues to be as high as it is because we're using stimulus money to cover those expenses where our revenues are not quite, haven't quite returned to what they need to be. The year-to-date revenues for January, if I take the stimulus money out, we're about $7.7 million. So that is still, if I compare that year over year to last year where we were, that's like $9 million less in revenue. So still pretty significant impact from COVID and I thought you all be interested to know that. But we are adding those monies in and that is what is keeping our debt coverage score doing well and that's what's helping us to pay our bills at the end of the day. Our largest revenue changes year over year where our parking garage fees are about $3.8 million lower this year, year-to-date. Our car rentals, 1.2 million lower. CFCs were about $900,000 lower and this is through March. PFCs are lower and landing fees. So the P&L, you can see that on the P&L if you look at the year-to-date versus where we were last year a year ago. Our expenses year-to-date are just under $10 million right now. So for the first nine months of the year, that's almost a million dollars lower and our total expenses compare year over year. And that was, we tried very hard to scale back expenses because of COVID and we had a lot of uncertainty to whether or not we would have any grant monies or other things coming as it turned out, we've been very lucky in receiving the grant monies but that is just our expenses. We've continued to monitor and keep them in line where we can, but not sacrificing on safety. We do have some expenses that are coming in the fourth quarter that we're gonna be doing some and into the next fiscal year, we talk about the budget. You're gonna see quite an uptick in where we're looking to improve on our runways and safety and things like that. Our, in the AIP received role, we were owed $2.8 million less you from the FAQ as of the end of April. We did draw down on the GAN, our grant anticipation line on one of our projects on the TIP project. We're not quite able to get that money from the FAA yet. We do have a grant, but we're just not quite able to draw down yet. So we did take advantage of the grant anticipation note and draw down monies that we had paid for invoices until we get reimbursed from the FAA. Our cash as the end of April was $12.7 million. That changed on May 5th or May 6th. We repaid our revenue anticipation note of $11.1 million. I am, we are going to work, we're working with the city and we're going to be bringing forth something to the Board of Finance City Council to get authorization to renew a revenue anticipation note. And it really is, you know, as Jean always says very well, he says, you can get money when you don't need money, but if you ever need money, it's hard to get money. So we're just sort of putting that in place. We don't need it. We have over $2 million in our airport checking account right now, but we're putting it in place and this was going to be a line of credit. This is how we want it. We, last year, they gave us all the money at once, but we've asked and requested that it be a line of credit that be available should we need it. And it should hopefully, you know, we'll save us a little bit on the interest charges, but we want it to be available. We're not, you know, in case there is some up and down or in the recovery or anything else, we want to have that in place to secure the airport. Right, is that along with the city or is it with the bank? It's going to be with Key Bank. Yep, so the city is going ahead and getting all of the paperwork and the resolutions from the attorneys and everything sort of put in place. So I expect that we'll see something, probably by the end of June timeframe, we'll see something get in place, but we're doing well cash flow rise right now, but we just want to make sure that everything is in order, given that we still have some uncertainty with the timeline of the recovery. And I put a final note on here that the airport, we did go to the Board of Finance City Council last week on May 12th and the team made a presentation. And so we had that as the next, I believe it's the next agenda item, but we wanted to bring that forth to all of you and share, you know, what we're doing and what our thought process was and what our upcoming budget for fiscal year 22, which will start July 1st, is going to be like. So if anybody has any questions about any, you know, how are we doing and our performance or anything else, go ahead and ask away. Anna, do you have your hand up? I see a hand. All right, Jeff, it's not intentional if I do, I don't see it. Okay, all right. Any questions for Marie? Great, I just had a quick question for you. The CARES Act funds of the two and a half million dollars, when does that have to be used by? We have four years on these stimulus grants. Okay, so we got that money and we signed the actual grant agreement in May of 2020. So we have four years to expend that completely, which I can assure you, it'll be spent way before then. Yeah, the pay shows. Yeah. Okay, thank you. That was my question. Okay, so do I have a motion to accept the financial report? No move. Second. All in favor? Aye. Let's move on to the what Marie just spoke of, which is the budget presentation for FY22. So Nick or Hannah, can you, do you want to share that on the screen? So we can talk about, is it best for me to just go through the presentation? Is that what you would prefer? Jean Maria, if you could, sorry about that. I was just trying to unmute. If you could just give an overview of the highlight, I don't think you need to go the full, same presentation as you gave finance board, but I would just give a high level overview and then let the commissioners ask the questions as they meet. Very good. No, can somebody, I don't know who on the city side can share that. Hannah's just bringing it. There she is. Excellent. Thank you, Hannah. Is anybody, oops, there we go. Great. All right. So I'm going to go through and give, give the highlights of this. There's a, there's, this hits the most important information. Obviously the airport has lots of accounts and lots of things, but I kind of wanted to give the higher level, hit the points where we have changes coming and what we kind of expect. So upcoming year, fiscal 2022 is going to begin on July 1st. And you know, it really does reflect what's going on in the travel industry right now, which is sort of the state of every, every industry, I guess, but you can see here that we have, so we've assumed moderate growth. We are not projecting that we're going to be back at 100%. You know, we're taking some reasonable approach. We anticipate that the full recovery is going to take two to three years. You know, nobody really knows for certain, but we understand there may be some up and downs with this. We are seeing the traffic increase significantly. And so we're very optimistic and hopeful that these projections will be easy to make. The FAA stimulus money, as I've said, all along this year has been an absolute lifeline for us. And this is how, while our revenues take time to come back to the levels that they were, it is going to give us the opportunity to cover all the expenses that we can't slash and do away with. We've had, so then COVID, I have a chart right there, which really shows you the impact of those employment. So we have another chart later on, but just it's quite a good visual to show you what happened. I mean, you all know that because you're on our board and you hear about this every single month. So you've been kind of, of anybody, you know, like with the board of finance or all the city counselors may not be quite as aware on a monthly basis, but you folks are quite well educated on this. And of course our cash flow management, we've been managing that all year. Next slide, please, Hannah. Thank you. All right. So the airport revenues, we have really two major groups of revenues ones that are driven by the number of passengers. And then we have some that are sort of more fixed like rent and building rent and terminal and our airline rents are fairly well fixed with landing fees do depend on how many planes we have come in. So I have there the, we've made assumptions and here's where we have a moderate approach that we're expecting or hopeful that we think we're going to reach at least 55% of our pre COVID-19 numbers in terms of employment, which will associate with our revenues. So you can see that we're anticipating with that number that we will be using about $6 million in the stimulus money. So we do have that available for us to use. Again, those are four year grants and we're also showing the, you know, the parking garage revenues, where we think we're going to go and car rental. So that little chart there is just to give you a visual. The blue is showing you the 2020 budget. So that's where we, that's kind of where we were, you know, before COVID hit the 2021 budget, which is where we are today's the orange. And then where we think we're going with the 2022 budget. So that is, that is the gray bar. Next slide, please. Are you just, can I stop for one quick second? Go back, Hannah. The 5.9 million in stimulus grant money. Is that money we already have? Or is that, is that anticipating? So it's a both. We know under the American, it is assuming that the original CARES Act money, the CARESA is the second one, which we already have. And we've already been allocated money under the American Rescue Act. However, we have not received the grant in hand. We are expecting that in the next few months. And the money, the existing grant monies we have will carry us well into, you know, until the FAA gets those grants out the door. But we know that those, the American Rescue Act was passed. We do know that there are allocations. The airport is expecting to receive about $7.6 million. And that's not all going to be needed next year. It'll be carried over into the future years. I guess that was my question. It's that this, this is some long-term thinking in this, which I know you would do to, you're keeping some of this grant money, stimulus money available for years to improve recovery. Correct. Yep. All right, our next slide. So I'm not going to go through all the numbers in this, but it's there, again, our classifications of our revenues that make sense to be classified together to give you an idea of what's changing, right? So you can look at this and, you know, you may have questions or after it. I don't know how much you had a chance to look at it ahead of time, but it really sort of shows out there all of the stimulus money and the PFC. You can see where we think things are improving and going compared to where they are today, what we budgeted and where we're budgeting for next year. So our overall budgeted, amended budgeted revenues for this year are 21, the total number for each year is not very, is not too far from each other. We're budgeting very similar in terms of total dollars of revenues. You'll see that on the expense side as well. Next slide, please. So on the expenses, we did not have any reductions in any positions. We did have a few positions that maybe if there was turnover, we didn't have to fill them as quickly, but anything that is safety related, those positions got filled as soon as there was any turnover or people retiring or things like that. The biggest thing I want to point out in the biggest area where we are going, where our money is going in the next budget year is we have put a lot more money in the repairs and maintenance. And I've tried to highlight that there. I broke it out because that was the biggest change. I mean, our salaries, they increased because of the contracts and our benefits increased because those things just do. Everybody sees that in businesses. But the repairs and maintenance was where we, there were just a lot of, we are going to continue doing preventative maintenance where maybe we held back this year. We're going to do a lot. There's a lot of runways. We're doing more with painting and hiring out for that. We're doing more with repairs on some areas to keep everything safe. We're doing some roof replacements that we know about. So we're budgeting and planning for a fair number of those items there. And so I kind of list that out. We're also going to do some energy improvements. So we budgeted $250,000. We've been doing some things with purchases that we've made of some electric mowers. We've been doing that. We've just replaced about 200 light fixtures throughout the terminal with energy efficient light fixtures. So we have been slipping some of that in all along but there's a real priority, I guess, from everyone to sort of think about our carbon footprint and what we can do to make things better on the energy efficiency side. So we are moving in that direction and actively trying to do that. And then I kind of list that. We have a lot of unavoidable expenses. So I list that sort of there. Things we don't really can't change and I do budget appropriately for that. And then on the debt service side, the only thing that's budgeted is we do have some interest on the outstanding bonds but it's all, it's not a cash flow draw from the airport side. It's all sitting in an escrow account with a trustee. So, and then you've got a chart with the biggest kind of our biggest category expenses to give you an idea of where we were and where we're going. On the next slide, Hannah, I just, again, it's more detail and it's really there for you to give you kind of the overall. You see, I've got a green on the energy efficiency because it's new and it's different but the biggest change, as I said, was that repair maintenance account. You can see that that's gone up significantly and I tried to explain the reasons why. So the total overall budget compare at the bottom at the end of the day is pretty much in line with the overall spending that we did this year. Our next slide, please. So this one is really interesting. I thought just showing the detail, again, you're quite familiar with this data and then I sort of charted it out to show you in color coding kind of where we were and where we're heading. But it's very interesting. You can see that those numbers are starting, they're reversing and they're going the other direction now and I think Helen, you were happy and mentioned that earlier in the meeting. So I just thought and then over historically, those are our total implements and I thought that that was kind of an interesting. So we're excited to see where this will go this year. Next slide, please. So here we are, we're looking forward. You know, we know and we see on a weekly basis that our public demand is definitely picking up. You can see it if you come by the airport. There's a lot more life going on over there. I came in a couple of days last week and it's exciting to see people and see people in the garage. We do, you know, we do have some challenges certainly with still this uncertainty of COVID. We don't know how that's all gonna play out but certainly things are people are feeling much more optimistic and it seems like as the vaccine vaccination rates improve and go up, we see more people flying. So I think there's definitely a correlation there and we're very excited. There's a lot of, there's a lot of interest and growth potential that's going on with beta who has some space here at the airport and they're getting some amazing contracts. And so, you know, I don't know as much about that as the rest of the team could talk, you know and answer any questions about that. The, we are balancing our budget with those grant monies and you know, we're just sort of looking forward to what next year will bring for all of us here in our, here at our BTD airport. So with that, that's what I have to say on the budget. And I suppose you may have some questions. Questions from anybody. Excellent. I just want to follow on Jeff's earlier question about some of the grants, the 7.6 million under the ARG are we pretty confident that that's what that number is going to end up being or is there still some variability that might happen there? So until we get a grant in hand, I would never say 100% I understand that. But that said, yeah, there's been some, this was a federal, they had kind of determination by airport. So I won't say official official because it's not out yet but it looks like that's what we will get. And you know, the bottom line is if we got something a little bit different out there we're not anticipating spending that whole pot of money. We're not counting on it. So, you know, we're not, no harm would be done if it was something or a little bit different than what it is. Cause we won't go through it all that share. Right. Cause you've got a 2.5 million from CARES and the 4 million from the other button. You were talking about spending roughly six, so. Yeah. It's not likely that we won't get that money entirely likely that we will receive everything that we've spoke about. There would have to be a real change in the government but it's been allocated and put aside for us. So, and approved. So it's not likely we won't get it. Murray, we done Tim, I'm sorry. Yeah, I'm good. Thank you, Jeff. A question about the way this money is funneled the stimulus CARES money. Is it all come through the FAA or is it only a portion of it comes through the FAA? And I guess my question is, is this money allocated directly to the airport and only to the airport? Or is it money that does some of it come into the city and the city is making a determination of what percentage of city public support. It's only the airport, Jeff. The city doesn't participate only on our approval process. Thank you, Helen. Got it. That's great. Just a big, sort of thank you to you and the whole team. Like it's not an easy year to navigate financially through COVID and you guys have done an amazing job. And this looks like a really tight, well thought out but budget presentation. So, good job. Thank you, Jeff. Thank you. I gotta assure you that this team has worked so hard. Every day we kind of laugh at the end of the day because first of all, the day's never end but it just comes in every different form and this team seems to be so versatile that being able to catch it, run with it. And from Marie, to Larry, to Nick, to Shelby, to the maintenance team, Ops team, everybody, ambassadors, everybody is just, I don't know, it's amazing on how well everybody's adapted and were able to participate in these successes. I couldn't agree more. So, any other questions for Marie? Okay. Do I have a motion to accept the budget presentation? We accept it by 7.5. Is that it? Do I have a second? All in favor? All right. All right. Larry, you're up with 6.03, a construction update. Just so everybody knows, I'm gonna, my camera's gonna go off but I'm still gonna be listening. If somebody can elevate me when I switch off and come back on, that'd be great. Thank you. Hannah, do you wanna pull it up or Nick or do you wanna me to share my screen? I can do it, Larry, if you wanna start going. Yeah, if you don't mind. That's no problem, I can do it too, but go ahead. All right, just so everybody knows, I know I've been, yes, go to the top. Promising an update to this thing, which I will do, a bit of information on that is that part of the Tech2Way golf project included new aerial photography of the airport as it is now and all the improvements that have happened over the last several years from what you've seen in the past. And we waited, put it off until the grass was growing and we repainted everything out there. So we get a very nice aerial view which will be part of this moving forward. We anticipate that over the next month getting that new aerial photo. So I'll incorporate that in. So we have the new BTV aerial photo for everybody's view. So that's what we're waiting for and it should be amazing when we get it. So to go quickly, Larry heard enough from me. Number one is the Apron 67 and 6A, 7-1's under construction, 6A will follow and will all be completed by September. As Nick had mentioned earlier, we applied for about $10 million in grants and we just presented to you previously less than our entitlement of about 3.5. We anticipate the balance between this 9 million and 2.5 million, a 6.5 million in discretionary this year for a grant that we will receive to finish the entire phase 7 Apron which has already gone through all the approval processes and everything through the city and the commission. So to go quickly through these photos, the first photo basically you can see the excavation and new conduit that's going underneath 7-1 in the background. You see the stormwater structures and then so we have new stuff underneath. The next, this is the base before they put the five inches of hot mix asphalt or by two minutes concrete, then the 15 or yeah, four and then 15 inches of Portland concrete cement on top of that. It is getting all black out there today meaning the hot mix asphalt is going down today. Okay, so now I'm just gonna show you some photos of the cleanup and repainting of the cleanup this year of the big, you know, taxiway golf project that's happened over the last three years where we spent $30 plus million. This is the removal of some of the old painting and the markings right here. You'll see that truck removes those very carefully not to put, you know, just to remove the surface. Next one, Nick. And this is the putting down of thermoplastics. This is in lieu of painting every year. These thermoplastics last five plus years. So they're basically iron on the airfield. So we don't have to repaint every year. And this is the process of which they're putting those down. So you can see around the edges is that's where it was removed, you know and now they're putting down the new markings. Nick, next one, please. Part of the spring cleanup was obviously things had not stabilized by the end of the last fall. So the new catch basins and culverts and all that that were placed received some sediment. So they are now, they are cleaning up all that sediment now that as you can see there's stabilization and grass growing around where we won't get a lot more moving forward. Next one, you can, you know this was some of the erosion that they fixed since this is, you can see the brown where they've raked and stuff and put down new topsoil. They sense have seated and mulched or sprayed that on so it's all green now. Next, Nick. Okay, like I just said we only paid last year to have them do the first layer because it was late in the year and we wanted a nice fresh shiny paint to start the year. So they're repainting all the lines that were part of the contract. So we have fresh new paint this year. This is the lead-in line to two gates, four and one. And this is the airport envelope and lead-in line and stop points for the various types of aircraft that stop here repainted. Okay, master plan, there's no real new update the FAA has done some preliminary review and provided some preliminary comment but just one person so far. The TIP project is moving along. We actually made some middle for site plan review and approval by the city of South Burlington, DRB almost two months ago now and we've been waiting to get before them and that's gonna happen on June 1st for site plan review and hearing on that. All other permits are in process Act 250 is issued a draft. They're just waiting for all the other permits to fall into place. Right now we are in hopes we can be starting construction in July based on all the statutory notice periods and everything else we have to go through once this is done hoping for a great a good night on June 1st. Security system is going along great. They're actually get, Nick, you got cameras going in all the conduit or the wiring is being bent is pretty much complete and that's moving along in good shape. Inline baggage screening system. We already spoke about that. We just need to get all approval so we can accept that OTA and move forward with the first phase of the review and design. Chamberlain school, shop drawings just about complete by American was complete and construction will begin I believe it's June 16th or 18th around there and it shouldn't only take a few weeks. Sound insulation pilot project. Nick went through that very thoroughly and we applied for a grant on May 1 and that's why we're asking to be able to accept that tonight. Go down to Hutt spot. I think there's nothing new to report there. Okay, Hutt spot. We applied for the grant on May 1 and we just spoke about all those in the acceptance of the grants and contracts with the contractors. So the grant application when we're just waiting for the grant offer and the noise monitoring equipment is basically just saying, we're in the process of design. We've selected all the sites and we're just getting easements in place so we can place those sound monitors and start that program. Any questions for me? Any questions from anybody? All right, I need a motion to accept the construction update. Second? Second. All in favor? Aye. Aye. South Burlington seat update as we know that Helen had to leave and so we move on to 8.01 the director's report. Jean, you have to unmute. Those are the best reports, Joe. So anyhow, Jeff, I'm not gonna spend a lot of time going over what the team has already done. As you can tell, it's been in a very busy month with budgets, with the tip project, with beta, with rental car contract. There's just oodles and oodles of moving parts, but again, the team is stepping up, getting it done. And I would say, we are moving at rapid speed with rapid change and on top of all these projects and everything that's going on, we continue to do our day-to-day work as well. And again, I just wanna reiterate how proud I am of the entire team and there's just lots of good things. And again, I would encourage people to just read the media. We will try to keep sending you and updating you, but lots of great things happening. The beta manufacturing is a big one right now. And if that ends up working out for us, it's a big win for the state of Vermont, the city of South Burlington, and everybody. The rental car contract, we're still, we did issue an RFP and that went out last week and we will be moving forward with that sometime in July. And that's about it right now unless people have questions. I do, beta's doing so well. I mean, they're all over the news and everything. If they expand, which we hopefully, we know they will. Do we have room for them at the airport? We do, we call it the South 40. And it's down, it's our old gravel pit and the quarry. Yeah, and we have been working with the airport team to use our own resources in the past. So as we do a project on the runway, we take our clean materials and move it down there. And it absolutely looks fantastic, Jeff. If you drive down there, you'll see this big swath of land that's leveled and they've been doing boring down there and come out with no negativity on what they've bored so far, which is, I think surprising to them. I think they expect to see buried treasure or something, but no buried treasure. So that'll be one of the areas and then they're also wanting to do part of the development on our Valley West. And it's the East side of that. So as they put their plans out in the public, which I think they're gonna do sometime in June, we'll all see more. Okay, exciting stuff. Good stuff. Anybody have any other questions for Gene? All right, number nine is commissioner's items, 9.01 sound data. Yeah, that's supposed to be an item in and of itself. It's no longer a commissioner item. It's something we've been expecting and I don't see it presented to us, but we've been working on this since last December and we've talked about it two or three times. So we're really not getting anywhere. What's the status of that? Oh, look at that. All right. Now we're getting something. Now, Bill, you've misspoke a little bit. Okay, well, I don't want to unspeak you. I just, I don't think your video camera was working at the last meeting, but a similar graph came up at the last meeting. The team has worked hard to get you close to what you want here, as well as we move forward with this new sound mitigation program and the sound monitoring. There may be additional data for you, but for what you asked for, that report's there and we can go over that with you if you'd like, if you have any questions. I stand corrected. Thank you because I did leave the meeting inadvertently. So I do stand corrected and accept that. So what does this tell you? So this is the most recent poll of feedback that we've received from the website from our noise complaint forum. So it's about 75 calls we've received and pretty evenly split from the new North End, old North End and the Wynuski area. And if you're hanging tight, I have the call list for you here, Bill. Okay, okay. There we go. Can you see this? Yes, I can see it. Yeah, downtown, yep, one, one. Okay, they're all singles. And then we wanted to hear more about the recurrent calls. So the repeat callers came from the new North End, South Burlington area and the South End. Now, was all that in, how is that available to us? Did I miss that as well? I can inform to you. This is kind of the way we provided to you last time. We're not able to- Is it in their packet or not? What's that? Is it included in the commissioner's package? The map isn't because it has addresses that we're advised not to share. Who advised you of that? Who advised you of that? I'm just gonna make sure you have the call sheet for next time, Bill, if that's what you're wondering. Look, I don't care about addresses. I just wanted to respond to your question. Was that available to us? I don't get a copy of that. Sure, I'll make sure. Would you please send that to commissioner Kehoe and anybody else that might want it or has interest in it? And so to answer Bill's question, Hannah, how is that available to the public or to our commissioners? I will send this out to everyone. I'll make sure it's available on board docs so you can also view this. Great. Does that work for you, Bill? It does, thank you. Okay, all right. All right, thank you. And that should be a separate item on the agenda, by the way, every month. Okay, thank you. Okay. Hannah, you'll put it as a separate item in the next month. Yeah, I'll take it off the commissioner's items. Thank you. Okay, thank you. Item number 10 is follow-up items and I would like to turn that item number 10 over to Tim. Okay, so we had three, before I get started, thank you Hannah for providing the update by email. I saw that short while ago. So, Bill, you had had the request that the staff asked the air guard for noise complaint data. There's a question about whether or not that information can be released. Are you content with that explanation for the moment? Actually, no. First of all, anything that goes to the city attorneys, now is like going into a black hole. The city attorney, Eileen Blackwood is leaving. The city attorney's office is understaffed as well as there's a lot of turnover. So I think a mere call to the public relations officer of the Vermont International Guard can provide us that proper response. I would recommend that happen. So that's my comment on there. Okay. We will make that request from the guard, but that is really up to them if they want to give that to us. So public affairs would do that. I'm running the guard, so I know what the procedures are, but. We will certainly have that discussion. We meet with them every month. Okay, thank you. Okay. And Jeff, I don't know, Jeff Shulman, I don't know if you're there or not, but the rental car issue update, did you have your concerns addressed? If you can hear me. I can hear you. Yeah, honestly, I can't even remember exactly what I had asked for at the last meeting, but I know that there was some concerns about the relationship with the rental cars that month. There's any update on that for this meeting? Yeah, it's still where it was a month ago and they were very unhappy. I shouldn't say they, it was enterprise that was very unhappy that we issued an RFP. But as you all know, we were required to do so from time to time. It's city policy and it's been five years. So we certainly are going to issue an RFP and then we gave them the last year. We extended their contract for a year, month to month because of COVID, but the right thing to do is to do the RFP and Joe Neil and Bill Ellis and Shelby and Nick worked on this to put it together. It was issued last Friday and a correction was made on Monday on the date, but that has been issued and they don't think one should be issued. But I have to say one should be issued and we have to make sure that our business terms that were not the same as they were five years ago because we have a new QTA and they were also trying to renegotiate what they had already negotiated as far as the expenses on the garage, which I wasn't willing to budge on because we took out a financing and with their commitment to participate in the process, we moved forward with it. But so we were in the RFP, we reincorporated the past agreements as well as future agreements with the QTA. Does that help at all? Yeah, thanks, Jean. That is helpful. I'm fully supportive of your decision to do an RFP in that case. Thank you. So, Jeff, you're good with, you've considered that item complete at this point? Yeah, I mean, I think, you know, I assume Jean will, in his director's report, update us as there's more substantive. You'll have an update next month on this one until we have accepted folks, we will keep you updated on the communications at every meeting. I think it's a great thing to stay on there if you'd like until there has been a deal signed. So I think it's a good item to bring up, Jeff. Thank you. And I think Hannah, if you, if Jeff feels he'd like to leave it on there for another month and probably wouldn't hurt. I'm good either way. Thank you. Okay, thank you. And then the last old item, Bill, it was the public right to know reorientation. You've had a conversation with Shelby and the city attorney indirectly on timing. Are you good with what's been proposed? We're out to leave it on the agenda, but Shelby and I had a very good discussion on the item, but leave it on the to-do list as well as the other one, okay? Okay. Then one of the new items today was with regard to the sound data we're gonna have that be its own agenda item going forward and that we're gonna include the sound data on the board docs webpage. Are there any other follow-ups from either commissioners or staff that we should know? Jeff Munger, are you good with leaving all that stuff on there and moving forward with that as part of our agenda? Yeah, I am. I mean, I think that basically it doesn't take a whole lot of time in our meeting to just keep the commissioners aware of what's happening as far as sound data and the rental car agreement, et cetera. So I think that's fine. Agreed. Great. So we'll leave that on there. I think it's a good talking points. Great. I think that's it for follow-up items then unless anyone has anything else. Well, so under commissioners items and under follow-up, so we have a motion to accept those. I move to accept those and maintain those items on the agenda. All right. All in favor. Do I have a motion to adjourn? So moved. I can second that. All in favor. Aye. Aye. Thanks, Hannah, for helping me out. Great. Thank you all. Have a good morning. Good seeing you all. Thank you all. Be safe. Yep.