He stated that staff is working on some projects that can be accomplished while traffic is down, which includes the parking lot paving project. He advised the Airport is currently in very good shape with no debt. Use of the Cares Act funds will keep our rates stable or possibly lower.

Following some questions on future projection numbers, Mr. Piccolo stated the final figures for May will not be available until approximately June 10. We were on the path for doubling our record for passenger numbers for the year but now hope to break even at 1.2 million. The next fiscal year budget is a work in progress and our revenues will be challenging for the next few years.

The Commissioners all felt that Mr. Piccolo is doing an outstanding job representing the Airport and are very happy with his performance. He stated he appreciates the positive evaluation and the confidence shown in him. He is thankful for the great support received from both the Board and his staff. There were no other comments on the performance evaluation.

There was no further business to come before the Authority. The meeting adjourned at 12:19 p.m.

ATTEST:

APPROVED: Yumoo

Kristin Incrocci, Chairman

Doug Holder, Secretary