Open­ing:

The Board Meet­ing of the Pana­ma City-Bay Coun­ty Air­port and Indus­tri­al Dis­trict was called to order at 9:00 a.m., March 25, 2026 by Chair Mark Sheldon.

Roll was called. In atten­dance were: Ms. Vic­to­ria Williams, Mr. Matt Algar­in, Mr. Les Mcfat­ter, Mr. Glenn McDon­ald, Ms. Hol­ly Melz­er, Vice Chair Will Cramer, and Chair Mark Sheldon.

The Invo­ca­tion was giv­en by Mr. Les Mcfatter.

The Pledge of Alle­giance was led by Mr. Will Cramer. Chair Shel­don asked if there were any Pub­lic Comments.

Ms. Christi­na Jett, Air­port TSA Super­vi­sor, pro­vid­ed an update to the Board on TSA staffing lev­els stat­ing there have been no devi­a­tions or call-outs at ECP dur­ing the gov­ern­ment shut­down. She thanked the Air­port and Board mem­bers for sup­port­ing the TSA by facil­i­tat­ing com­mu­ni­ty dona­tions of food and gift cards. Mr. Park­er McClel­lan thanked Vice Chair­man Cramer for the use of his busi­ness in down­town Pana­ma City as a con­ve­nient drop-off location.

Dis­cus­sion ensued.

Chair Shel­don asked if there were any items on the Agen­da, includ­ing the Con­sent Agen­da, that any Board Mem­ber would like to move to a Busi­ness Item for fur­ther dis­cus­sion, and if not, that aBoard Mem­ber make a motion to accept the Amend­ed Agenda.

Ms. Vic­to­ria Williams made a motion to accept the Agen­da and Mr. McFat­ter sec­ond­ed the motion. The vote was tak­en and the motion passed unanimously.

Reports:

Air­port Activity:

Exec­u­tive Direc­tor Park­er McClel­lan updat­ed the Board on the Activ­i­ty Reports, stat­ing the month of Feb­ru­ary expe­ri­enced an 8.52 per­cent growth. We are well into Spring break and are see­ing a lot of activ­i­ty in the ter­mi­nal and expect it will continue.

Finan­cial Report:

Ms. Dar­lene Gor­dan pre­sent­ed the Finan­cial Reports for the five (5) months end­ing Feb­ru­ary 28, 2026.

At the end of Feb­ru­ary, the total cash reflects a decrease of $5 mil­lion from Jan­u­ary, with a total cash bal­ance of $60.4 mil­lion. Unre­strict­ed cash is $38.5 mil­lion and restrict­ed cash is $21.9 million.

Lia­bil­i­ties increased $2.3 mil­lion; the set­tle­ment pay­ments are still out­stand­ing in the accounts payable at $5 million.

Excess rev­enues over expens­es reflect $7.3 mil­lion total year-to-date.

Year-to-date oper­at­ing rev­enues are $3.3 mil­lion while non-oper­at­ing is $3.8 million.

The excess rev­enue over expens­es increased $3 mil­lion in Feb­ru­ary due to grants and PFC revenues.

The income state­ment for the end of Feb­ru­ary year-to-date, oper­at­ing rev­enues are $9.5 mil­lion, exceed­ing bud­get by $165,000, or 102% of bud­get for our revenues.

Per­son­nel expens­es are at 99% of bud­get YTD, and gen­er­al oper­at­ing expens­es are at 90.26%, mak­ing our total oper­at­ing expens­es $312,000, over 95% of bud­get. In per­son­nel we have 77 full-time and 8 part-time employ­ees on the books with an approved head-count of 82 full-time and 11 part-time, leav­ing us with 5 full-time vacan­cies and 3 part-time vacancies.

Gen­er­al oper­at­ing expens­es are $270,000 under bud­get, we had sev­er­al accounts that are low­er than expect­ed includ­ing com­put­er ser­vices, load­ing bridge con­tract­ing ser­vices and parts, ter­mi­nal facil­i­ties and ser­vices, and marketing.

Con­sent Agenda:

1. Approve Board Meet­ing Min­utes - Feb­ru­ary 25, 2026

This item pro­vides for Board approval of the Feb­ru­ary 25, 2026 Board Meet­ing Minutes.

Approve Update to Admin­is­tra­tive Pol­i­cy 2.1 Emplovee Induc­tion and Ori­en­ta­tion and Admin­is­tra­tive Policy 5.5 Use of Air­port Author­i­ty Vehicles

This item pro­vides for Board approval of the Admin­is­tra­tive Pol­i­cy 2.1 Employ­ee Induc­tion and Ori­en­ta­tion and Admin­is­tra­tive Pol­i­cy 5.5 Use of Air­port Author­i­ty Vehicles.

Accept Pub­lic Trans­porta­tion Grant Agree­ment (PTGA) 457192−1−94−01 with Flori­da Depart­ment of Trans­porta­tion CFDOT) for the North Ter­mi­nal Expan­sion-Glass Glaz­ing Svstem Project and Adopt Res­o­lu­tion for Sig­na­ture Autho­riza­tion to the Chair

This item pro­vides for Board accep­tance of the Pub­lic Trans­porta­tion Grant Agree­ment (PTGA) 457192−1−94−01 with Flori­da Depart­ment of Trans­porta­tion (FDOT) for the North Ter­mi­nal Expan­sion-Glass Glaz­ing Sys­tem Project and Adopt Res­o­lu­tion for Sig­na­ture Autho­riza­tion to the Chair.

Mr. McFat­ter made a motion to accept the Con­sent Agen­da and Ms. Melz­er sec­ond­ed the motion. The vote was tak­en and the motion passed unanimously.

Busi­ness Items:

Approve Amend­ment #1 to the Tri­umph Agree­ment - Pre­mier

Mr. McClel­lan stat­ed a devel­op­er has been iden­ti­fied to part­ner with Pre­mier on their project. The Air­port and Bay Coun­ty EDA request­ed a six-month exten­sion from Tri­umph Gulf Coast, which was approved. We’re ask­ing for approval of Amend­ment #1 for project Maple which is Pre­mier Aviation.

Mr. McDon­ald made a motion to accept the Amend­ment #1 to the Tri­umph Agree­ment and Ms. Melz­er sec­ond­ed the motion. The vote was tak­en and the motion passed unanimously.

1. Approve Task Order 23B-10 CO #1 with AVCON for CA Bag­gage Han­dling, Mechan­i­cal Equip­ment Relo­ca­tion, and Air­field Lighting

Mr. Richard McConnell stat­ed sev­er­al tasks were not ful­ly defined in the orig­i­nal AVCON Task Order that was approved in August. This change order includes three (3) of the five (5) addi­tion­al tasks that have been iden­ti­fied, where two (2) addi­tion­al tasks will be pre­sent­ed to you lat­er today. This request amounts to $248,954 which was pre­vi­ous­ly anticipated.

Vice Chair Cramer made a motion to approve Task Order 23B-10 CO #1 with AVCON for CA Bag­gage Han­dling, Mechan­i­cal Equip­ment and Relo­ca­tion, and Air­field Light­ing and Mr. McFat­ter sec­ond­ed the motion. The vote was tak­en and the motion passed unanimously.

Con­struc­tion Updates (Infor­ma­tion Only)

1. Cardel­la

Mr. Trip Vaughn rep­re­sent­ed Cardel­la with an update on the fol­low­ing items:

Ter­mi­nal Expan­sion Project ongoing activ­i­ties:

• FPL con­duit install;

Site demo­li­tion;

Site grad­ing & export;

Foun­da­tion exca­va­tion & compaction;

Foun­da­tion con­crete placements

Upcom­ing activities:

• Shal­low plumb­ing & elec­tri­cal rough-in;
• Grease trap & sew­er line install; Slab con­crete placements;
• Steel erec­tion

2. Ardur­ra

Mr. Aaron Boub rep­re­sent­ed the Ardur­ra Group with the fol­low­ing updates:

• Water Pres­sure & Flow Analy­sis Testing;

Own­er’s Autho­rized Rep­re­sen­ta­tive (OAR);

RAC design;

• Esca­la­tor Project

Dis­cus­sion ensued over the esca­la­tor project.

3. AVCON

Ms. Tonya Nation pro­vid­ed an update on the fol­low­ing ongo­ing projects:

• Sub­mit­tals, requests for infor­ma­tion (RFI’s) are being processed;
• Con­struc­tion Admin­is­tra­tion and inspec­tion pro­vid­ed by the design team as required;
• PBB lay­out alter­na­tives have been com­plet­ed and sub­mit­ted to staff for final con­sid­er­a­tion. Goal is to ensure we have ful­ly func­tion­al gates that is air­line approved.
• IT for the Exist­ing and Ter­mi­nal Expan­sion fund­ing is being coor­di­nat­ed with FAA. The IT upgrades will require design, and the fund­ing is sched­uled for this cycle (90% FAA/10% Local). A task order will be on April’s agenda.
• Stormwa­ter Mas­ter Plan:

ERP and a Gen­er­al Per­mit App

Com­ments received, and meet­ing w/​FDEP on Fri­day to review responses

• Fuel Farm design:

60% com­plete;

• Plans to be bid in April;

Qual­i­fied Mit­i­ga­tion Super­vi­sion (QMS) is ongo­ing:

• Work­ing to meet w/​USACE to eval­u­ate a sec­tor to main­te­nance. The goal is to get all areas into the main­te­nance phase.

Project/​Planning Updates (infor­ma­tion only)

Mr. McClel­lan pro­vid­ed the fol­low­ing project updates:
1. IAG Aero Group

i. Work­ing with Coun­sel to devel­op a scope to get it done.

2. Pre­mier Aviation

i. A six-month exten­sion of the Tri­umph Agree­ment was pre­sent­ed and approved ear­li­er today.

3. Flori­da Nation­al Guard- John­ny Reaver Road

i. No word on a move-in date.

4. Flori­da Nation­al Guard ‑Lisen­by Avenue

1. An appraisal was recent­ly received for the prop­er­ty and will be pre­sent­ed to the Board for approval to sell. Work­ing with the FAA for release of the property.

BAY EDA Update (infor­ma­tion only)

Ms. Bec­ca Hardin with Bay Area EDA pro­vid­ed the fol­low­ing report:

1. Bay Coun­ty EDA is Prepar­ing for the MRO show in Orlan­do where we have meet­ings sched­uled with 20 – 25 com­pa­nies including:
   • Project Venus, inter­na­tion­al MRO;

Project Horus, MRO — 300 jobs, $40 mil­lion cap­i­tal invest­ment; Project Super Bowl, defense relat­ed com­pa­ny — 150 jobs, $20 mil­lion cap­i­tal investment;

• Project Pega­sus, defense relat­ed project — 450 jobs, $750 mil­lion cap­i­tal investment;

Project Hadron, small­er project- 100 jobs, $25 mil­lion cap­i­tal investment;

• Project Glad­i­a­tor, locat­ed in Bal­ta. They’re com­ing to Bay Coun­ty for a site vis­it after the Orlan­do show — 250 jobs, $250 mil­lion cap­i­tal investment.

1. Project Picas­so rep­re­sen­ta­tives have had two vis­its to the Air­port with plans for four (4) hangars and they are ready to move. Finan­cials have been received and if approved, we’ll move forward.

• Bay Coun­ty is request­ing that we work with the Sec­re­tary of Com­merce to cre­ate more Oppor­tu­ni­ty Zones. The Air­port is not cur­rent­ly includ­ed in the Oppor­tu­ni­ty Zone which would pro­vide tax advan­tages for new busi­ness. The Oppor­tu­ni­ty Zone is reviewed and updat­ed every ten-years.

Moore Agency Update (infor­ma­tion only)

Miss Katie Spill­man with the Moore Agency pro­vide the fol­low­ing report:

1. Paid and earned media oppor­tu­ni­ties dur­ing the month of Feb­ru­ary, includ­ed the Air­port Emer­gency Drill, the HWY331 Pod­cast with Exec­u­tive Direc­tor Park­er McClel­lan, and a Busi­ness Focus Mag­a­zine arti­cle on ECP.

Spring Refresh Cam­paign high­light­ing ​‘hap­pi­ness booked’ and the joy of trav­el that begins when book­ing your trip. Cam­paign des­ti­na­tion sta­t­ic cre­ative images high­light­ed Chica­go, Baltimore/​Washington, D.C., New York City, Austin, and Denver.

Exec­u­tive Direc­tor Report:

Mr. McClel­lan report­ed that the Board has a Strate­gic Plan­ning meet­ing in a week.

He thanked mem­bers of the Board for com­ing out for the Gov­er­nor’s $5 mil­lion gift to the Air­port for the IAG project.

He shared, that the Air­port expects 118 com­mer­cial oper­a­tions this sum­mer, just under 15,000 seats in the mar­ket. Staff are work­ing on a plan to main­tain cus­tomer ser­vice dur­ing, what could be, our busiest sea­son yet.

There were no addi­tion­al pub­lic comments.

Next meet­ing sched­uled: Board Meet­ing: April 29, 2026 — 9:00 a.m. The meet­ing was adjourned at approx­i­mate­ly 9:51 a.m.

Park­er W. McClel­lan, Jr., AAE Exec­u­tive Director