01-25-21_Signed_Minutes_Workshop.pdf — PaddleOCR-VL (Baidu)

AGENDA ITEM NO. 5

THOSE PRESENT: Bob Spencer, Vice Chairman Carlos Beruff, Secretary Jeff Jackson, Commissioner John Stafford, Commissioner Fredrick J. Piccolo, President, Chief Executive Officer C. Dan Bailey, Jr., Airport Counsel Mark Stuckey, Exec. VP, COS Karen Garofalo, Executive Assistant THOSE ABSENT: Doug Holder, Chairman Kristin Incrocci, Commissioner

SARASOTA MANATEE AIRPORT AUTHORITY MINUTES WORKSHOP MEETING – AIRPORT UPDATE Monday, January 25, 2021 - 12:00 p.m. Dan P. McClure Auditorium (east)

<table><tr><td>THOSE PRESENT:</td><td>THOSE ABSENT:</td></tr><tr><td>Bob Spencer, Vice Chairman</td><td>Doug Holder, Chairman</td></tr><tr><td>Carlos Beruff, Secretary</td><td>Kristin Incrocci, Commissioner</td></tr><tr><td>Jeff Jackson, Commissioner</td><td></td></tr><tr><td>John Stafford, Commissioner</td><td></td></tr><tr><td>Fredrick J. Piccolo, President, Chief Executive Officer</td><td></td></tr><tr><td>C. Dan Bailey, Jr., Airport Counsel</td><td></td></tr><tr><td>Mark Stuckey, Exec. VP, COS</td><td></td></tr><tr><td>Karen Garofalo, Executive Assistant</td><td></td></tr></table>

Call to Order.

Vice Chairman Bob Spencer called the workshop meeting to order at 12:00 p.m.

Airport Update Presentation by President, Chief Executive Officer

Mr. Piccolo reviewed the impacts of COVID-19 on the airport's passenger traffic numbers and the general operations at the airport since the virus onset in March of 2020 and discussed the recovery plans going forward. He noted our traffic numbers have rebounded over the past few months faster than most other airports. With the distribution of a forthcoming vaccine for COVID-19, he made the Board aware of issues associated with possible options for the vaccination of the Airport's employees. He discussed a few exceptions for consideration if we choose to make employee vaccination mandatory and stated that local entities, following lengthy discussions, have not mandated vaccination of their employees at this time. Following some discussion from the Commissioners, it was suggested not to make it mandatory but require releases from employees when the vaccination process is completed.

Mr. Piccolo discussed the Airport's Investment Policy, which was first developed in 1995 with revisions between 2001 and 2014, to respond to market changes that allow greater allocation of the airport's near cash accounts. He reviewed the interlocal agreement with the Sarasota County Clerk of the Court that provides investment information and authorizes the Clerk to purchase and sell investment securities on behalf of the Authority. The Airport's banking services have been with SunTrust since October 2014, and we are currently in the second two-year option period with SunTrust earning a fixed interest rate of 1.9% through September 30, 2021. Mr. Piccolo suggested that with the addition of Cares Funds and to be in compliance with our investment policy, we need to consider adopting an option to grant a temporary waiver of investment policy limitation through September 30, 2021, to allow the Authority to continue to earn above-market yield in a secure investment. He will request the Board approve the temporary waiver at today's regular meeting starting at 1:00 pm.

Mr. Piccolo presented a PowerPoint depicting plans for adjustments to airport operations to accommodate our increased traffic coming year and a review of upcoming projects. Some of the items include additional coverage at the Aircom Communications Center to handle high call volume, monitor CTV system and provide rapid dispatch to address issues; adjustments to Police staff to increase presence, along with additional coverage to control passenger flow at security checkpoint; extending the security checkpoint queue