Dallas Forth Worth Airport Board

The Finance, Audit and Administration Committee Meeting agenda included a Financial Report and the Fiscal Year 2025 External Audit Results from Plante Moran. Consent items proposed the approval for operating the FY27 DFW Airport Rifle-Resistant Body Armor Grant through the Department of Public Safety and the FY27 DFW Airport Cybersecurity Grant Project through Technology Services, both requiring matching funds. Action items focused heavily on bond ordinances, including the adoption of resolutions approving the Amended and Restated Master Bond Ordinance, the Amended and Restated Fifty-Fifth Supplemental Concurrent Bond Ordinance, and several subsequent Supplemental Concurrent Bond Ordinances (Seventy-Second through Seventy-Fifth). Other action items included the approval of the termination of the lease with the Public Facility Improvement Corporation for the Campus West Facility, approval of the reimbursement resolution for project costs using tax-exempt commercial paper proceeds, adoption of an amended Debt Policy, and approval of a new forty-year lease agreement with the Dallas-Fort Worth Fuel Company LLC for capital improvements to the Airport Fuel Farm Facility.

The Board meeting agenda included an invocation, the Pledge of Allegiance, and announcements, followed by a financial report and an update from the Innovation, Insights & Technology Division. The Infrastructure and Development Committee items focused on increasing a contract for the Rental Car Center Master Renovation, ratifying a purchase order for sanitary sewer line replacement, approving contracts for Terminal D SSCP Enhancements and Runway 18L-36R Rehabilitation, purchasing Passenger Boarding Ramps and supplies of Lamps and Ballasts, and approving four lease agreements with Runway Fulfillment Center entities for land development. The Operations and Technology Committee consent items covered extensions/increases for Adobe Software License and Level Three Autodock Support, and an increase for Vetted Day Pass services, with action items for new contracts for Internet Service, Dormakaba Equipment Maintenance, and DPS Uniforms. The Finance, Audit and Administration Committee addressed applications for Rifle-Resistant Body Armor and Cybersecurity Grants, approval to terminate a lease with PFIC, and adoption of several resolutions regarding Amended and Restated Master Bond Ordinances and Supplemental Concurrent Bond Ordinances, as well as approval of an amended Debt Policy and a new lease agreement with Dallas-Fort Worth Fuel Company LLC. Revenue Management and Customer Experience items included amendments to existing leases and approval of new lease agreements and a custodial cleaning supplies contract.

This document outlines Dallas Fort Worth International Airport's strategic roadmap for future growth and innovation. Key focus areas include significant infrastructure development and modernization, digital transformation through technology and data-driven solutions, and a comprehensive sustainability strategy aimed at achieving net-zero carbon emissions by 2030. The plan also emphasizes fostering diverse business partnerships and providing economic benefits to the North Texas region. The overarching vision is to transform travel, enhance customer experience, and become the world's best and most resilient airport.

The Finance, Audit, and IT Committee meeting included the presentation of the Financial Report. Key discussions involved the recommendation for approving the FY2026 DFW Airport Bullet-Resistant Glass for Law Enforcement Vehicles Grant application to the Office of the Governor. Several contract actions were recommended, including approving a three-year contract for Telecommunications Equipment, and increasing contracts for LocusLabs Location Platform Software and the IOC Video Wall System. Significant action items involved approving multiple reimbursement agreements with American Airlines related to Terminal C and Terminal F construction, design, and equipment procurement, totaling over $88 million for these projects. Additionally, the committee recommended approvals for contracts related to Technology Services Staffing, a Cybersecurity Vulnerability Management Tool, Biometric Identification Software, Technology Services Consulting Services, and an extension and increase for Appian Software.

The key discussion topic was the consideration of an action item to approve contract PA1858 for Pension Fund Consulting Services with RVK, Inc. of Portland, Oregon, not to exceed $1,539,649.38 for a five-year term commencing in March 2026. The Committee recommended that the Board approve this action item.