The Commission unanimously increased the airport fuel spending limit from $8.5 million to $11 million and deferred a proposed $3 million fuel-farm expansion to Fiscal Year 2027 while engineering work continues.
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What this means
The higher fuel spending authorization allows the airport to cover increased fuel costs for the rest of the fiscal year. The fuel-farm expansion will not be funded in the current cycle, but planning and engineering will continue. The Commission also approved new sublease guidelines, updated fuel-pricing procedures, and several airport contracts and leases.
Key decisions
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Unanimously approved leases, contracts, and amendments listed in Exhibit 1, including a 10-year TSA lease beginning June 1, 2026, at $40,205 with 3% annual increases.
Unanimously adopted sublease guidelines, including a 75%/25% split applied to sublease revenue above the prime-lease rent.
Unanimously deferred the fuel-farm expansion to Fiscal Year 2027 as a $3 million capital request.
Unanimously approved a fixed fuel margin that allows the finance department to automatically adjust retail prices when new fuel is delivered.
Unanimously increased the fuel revolver spending limit from $8.5 million to $11 million because of higher fuel prices.
Received a PFAS investigation update stating that six homes remained in progress, with outreach continuing to one homeowner who had not responded.
Discussed a recommendation to increase seasonal ramp staffing from 10 to 11 line employees and from two to three supervisors; the budget can accommodate the additional positions and union posting requirements apply.
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