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Indianapolis Airport Authority approves bond steps, personnel-policy change and multiple contracts
Summary
At its April 18 meeting the Indianapolis Airport Authority board approved a supplemental bond ordinance, dedicated airport passenger-fee revenues for debt service, revised the HR committee charter on compensation studies, and voted to award several vendor contracts including valet services, foreign-trade-zone sponsorships and IT licensing.
The Indianapolis Airport Authority board on April 18 approved a package of financial and operational items including a mandatory supplemental ordinance tied to an upcoming bond issue, an irrevocable dedication of passenger facility and customer facility charge revenues to debt service, a Human Resources Committee charter amendment setting a 24-to-36-month cadence for compensation reviews, and multiple procurement awards for contracts and project amendments.
The board opened and closed a public hearing on General Ordinance No. 01-2025, described by staff as a mandatory supplemental ordinance to amend prior ordinances related to the authority's outstanding bond issue. The meeting record shows the ordinance was moved, seconded and approved by roll call.
In a related financing action, the board voted to irrevocably dedicate revenues collected from passenger facility charges (PFCs) and customer facility charges (CFCs) to pay debt service on the authority's outstanding revenue bonds for fiscal years 2026–2030. Staff described the dedication as required by the authority's bond ordinance and as part of preparations for an upcoming bond issue; the board approved the resolution by roll call vote (one board member recorded a Nay on the dedication resolution).
The board also adopted Resolution No. 03-2025 to revise language in the Human Resources Committee (HRC) charter, specifying that a market compensation review be…
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