Delaware River And Bay Authority

The board meeting agenda includes a financial review by the CFO, a bid opening for a self-propelled articulated boom lift, and project closeout reports for concrete slab demolition, medium voltage cable replacement, and maintenance dredging. Several resolutions are scheduled for consideration, including authorizations for authority expenditures, trustee and custody services for pension and OPEB assets, insurance brokerage and consulting services, a letter of credit agreement, lease amendments at Millville Airport, and updates to procurement regulations regarding bid guarantees.

The committees discussed several operational and financial matters. The Governance/Audit Committee reviewed 2025 investment performance and addressed watch list items for various funds. The Budget & Finance Committee analyzed Q1 traffic, revenue, and expenditures, and recommended a revised fare schedule for the Cape May-Lewes Ferry. The Economic Development Committee approved multiple lease agreements and amendments for the New Castle and Cape May airports, while also receiving updates on Wilmington Airport infrastructure and passenger statistics. The Projects Committee reviewed construction contractor payments for projects across the authority's facilities.

The board conducted a comprehensive review of financial reports including traffic and revenue, statements of income and expense, operating expenses by division, capital improvement programs, and cash positions. Action items included the award of a contract for trench drain repairs at Millville Executive Airport, the close-out of a roof replacement contract at Wilmington Airport, and the authorization of expenditures for professional services, materiel, and construction management. The Executive Director provided updates on recent town halls, community engagement events, and a schedule of upcoming Authority activities.

The agenda includes committee meetings regarding governance, audit, budget, finance, economic development, and projects. Key items include a CFO review of authority financials and the consideration of multiple resolutions, such as a revised fare schedule for the Cape May-Lewes Ferry, various lease agreements and amendments at the New Castle and Cape May airports, the creation of an ad-hoc IT committee, and a resolution honoring the life and service of Al Fralinger.

The board discussed and received reports on traffic and revenue summaries, statements of income and expenses, operating expenses by division, the capital improvement program, and cash positions. Resolutions were adopted to revise the fare schedule for the Cape May-Lewes Ferry, including implementation of staircase pricing and adjustments to child and passenger fares. The board authorized multiple lease agreements and amendments for hangar and office space at the New Castle and Cape May Airports. An ad hoc Information Technology Governance Committee was established to oversee IT initiatives and strategic alignment. A tribute resolution was passed to honor a former Commissioner and Chairman. The Executive Director provided updates on recent organizational events, legislative outreach, and upcoming infrastructure projects and dedications.