Metropolitan Nashville Airport Authority

The Management Committee meeting focused on several informational items and future planning. Key discussions included the FY24 Strategic Goals & Objectives, which involved reviewing passenger enplanement forecasts against historical data and various growth models (4%, 7%, 10%). The committee also reviewed inputs for the CEO FY23 Performance Evaluation, noting strong performance in financial metrics like Days Cash on Hand and Pension Funding, alongside high overall airport satisfaction scores. Furthermore, proposed KPI metrics for the CEO FY24 Performance Evaluation were presented for future board approval, and the session concluded with an Executive Session.

The Operations Committee meeting addressed several key agenda items spanning approvals and information sharing. Approval items included the purchase of a Rosenbauer Quick Response ARFF Vehicle, the Runway 2L/20R LED Light Upgrade, a Construction Contract for North Cargo Ramp Slab Replacement, a Contract for Custodial Services for Outlying Buildings, Design Contract Amendment 1 for Runway 2L/20R Extension, a Contract for Signage Services (on-call), and two Construction Contracts for pavement repair and reconstruction (Taxiway Yankee and Taxiway Zulu). Information items covered the January 2026 Snow Response, the New Horizon I & II Program Budget updates, the BNA Development Update, and the JWN Development Update, which included discussions on finalizing lease terms and removing temporary use agreements for hangar operators.

The joint meeting of the Finance, Diversity & Workforce Development Committees addressed several items for approval and information. Key approvals included the terms negotiated via Letter of Intent for the JWN North Development Parcel 1, which involves a future Special Purpose Entity for Steve Smith, detailing a 30-year initial term lease with a minimum $2.5M hangar facility improvement. Another approval item concerned amendments to Fraport Subleases for various locations (Titan's Sports Bar, The All Day, Nashville Music City) to incorporate name changes. Information items covered updates on the BNA Concessions Program construction schedules, quarterly investment reports for the Retirement Plan (FY23-Q4 Market Value $79.6M, 99.7% funded), OPEB Plan (FY23-Q4 Market Value $39.5M, 145.2% funded), and Treasury Investments (Total available funds $1.263B, 4Q23 yield 4.24%).

The document compilation includes minutes from several committees/groups: the GAOPE Minutes, FAP Minutes, and BNA Vision Committee Minutes, all associated with the date December 12, 2018. As no specific agenda items are detailed beyond the document titles, the summary reflects the compilation of these various committee minutes from that date.

The joint meeting agenda covered several critical operational, financial, and development items. Key discussions included an update on the Payment Card Industry (PCI) Data Security Standard (DSS) Compliance Assessment, which resulted in a compliant Attestation of Compliance (AOC). Significant actions involved approvals for major capital projects, such as the $90 million Baggage Handling System (BHS) CGMP 2 facilities construction and a $2.5 million amendment for Terminal Access Roadway Improvements. Financial discussions focused on increasing the Customer Facility Charge (CFC) from $4.50 to $10.00 per transaction day to fund the new Garage and Rental Car Complex. Furthermore, the board considered incentive agreements for new international service routes with Icelandair (Reykjavik) and Aer Lingus (Dublin). A lease agreement for the 2nd Fixed Base Operator (FBO) development at John C. Tune Airport with Atlantic Aviation Nashville LLC was also presented for approval. Updates were provided on FY24 external audit results and ongoing BNA and JWN development projects.