Chelan Douglas Regional Port Authority

This document provides updated market intelligence for Pangborn Memorial Airport, focusing on the Wenatchee market. It analyzes passenger retention and leakage, the evolving aviation industry landscape including macro-economic factors and fleet changes. The report identifies key air service goals for the airport, which include establishing nonstop service to Portland and exploring low-cost carrier partnerships for destinations such as Phoenix, Las Vegas, Los Angeles Basin, and the Bay Area.

The agenda for the Chelan Douglas Regional Port Authority meeting included several presentations on the Confluence Technology Center Clean Buildings Compliance and an Organizational Assessment by Baker Tilly. Action items included seeking authorization to apply for a Clean Buildings Performance Grant from the WA Department of Commerce, addressing a CCR Variance Request for the Wenatchee Valley Technical Skills Center, and authorizing the award for Terminal Secure Area Plumbing Improvements. Informational items covered 2025 Actual Carryforward Balances, WSDOT Grant Applications, CTC Office Space Occupancy Requirements, and a RESTORE Coalition Request. Miscellaneous staff reports provided updates across various departmental functions. The agenda also allowed for an Executive Session to discuss litigation or legal risks.

The Chelan Douglas Regional Port Authority adopted an investment policy to manage public funds, emphasizing market rate of return and maximum security while meeting cash flow demands. The policy outlines investment objectives, delegation of authority, standards of prudence, eligible investments, internal controls, and reporting requirements. It prioritizes legality, safety, liquidity, and return on investment, ensuring conformance with legal requirements and preservation of capital. The policy also covers diversification, maturity limits, authorized financial dealers, safekeeping, performance measurement, and annual review by the Board of Directors.

The meeting included a review of the calendar of events and updates from the Board of Directors. An executive session was held to discuss the potential acquisition of real estate by lease or purchase, with consideration given to how public knowledge might affect prices. No action was taken following the executive session.

The meeting agenda includes presentations on the City of Wenatchee Industrial Symbiosis and an update from the Army National Guard. Action items involve RH2 Engineering task authorization for water system improvements, deferred transportation improvement agreements for the Trades District, a memorandum of understanding with Douglas County for an Associate Development Organization (ADO), and a resolution from the East Wenatchee Water District in lieu of bond for the G.A Terminal Building. Informational items include a review of the proposed supplemental budget, updates on the Cashmere Mill District, Christmas Light Show, and Mansfield and Chelan Airports. The agenda also covers miscellaneous staff reports, public comment, review of the calendar of events, items from the Board of Directors, and a potential executive session.