BOARD MEETING
THURSDAY, JANUARY 29, 2026
MARYLAND TRANSPORTATION AUTHORITY 2310 BROENING HIGHWAY 2 ND FLOOR TRAINING ROOM BALTIMORE, MD 21224 VIRTUAL AND LIVESTREAM
MARYLAND TRANSPORTATION AUTHORITY BOARD MEETING Virtual and Livestream JANUARY 29, 2026 9:00 AM
This meeting will be livestreamed on the MDTA Board Meeting Page
NOTES: •
This is a Virtual Open Meeting being conducted via livestreaming. • The public is welcome to watch the meeting at the link above. •
If you wish to comment on an agenda item, please email your name, affiliation, and the agenda item to nhenson@mdta.state.md.us no later than 12:00 Noon on Tuesday, January 27, 2026. You MUST pre-register to comment. Once pre-registered, all pertinent information will be emailed to you.
AGENDA
OPEN SESSION – 9:00 AM
Call Meeting to Order
1. Approval – Open Session Meeting Minutes of
Chair
5 min.
December 18, 2025
2. Approval – Contract Awards
Jeffrey Davis
10 min.
• J01B3400081 – NetApp Storage Hardware • J01B6600028 – Rubrik Identity Resiliency Software • MDTA 2024-04A – Structures Inspection Program Services (First 2 of 5)
3. Approval – Contract Modification – KB-4903-0000 –
James Harkness
10 min.
Key Bridge Rebuild Progressive Design Build Contract – Brian Wolfe Modification 3
4. Approval – Collective Bargaining Agreement with Fraternal Order of Police (FOP) Lodge #34 for Fiscal Year (FY) 2027 – Approval of the Memorandum of Understanding between the MDTA and FOP Lodge #34
Percy Dangerfield
5 min.
Tonya Dorsey
5. Approval – Board Resolution 26-01 – Bond Financing – Kevin Cullity
10 min.
Series 2026 Baltimore/Washington International Thurgood Marshall Airport Passenger Facility Charge (PFC) Bonds
6. Update – Credit Rating Agencies – A Review of MDTAs Kevin Cullity
5 min.
Credit Ratings
7. Update – Legislative Session – Verbal
Bradley Ryon
10 min.
8. Update – Legislative Reports Submitted to the Legislature • Feasibility of Capturing Images of Only Rear
Heather Koeberle
5 min.
License Plates of Vehicles
• Assessments and Actions to Reduce Vessel Collision Vulnerability of Bridges in the State • Francis Scott Key Bridge Reconstruction
James Harkness
10 min.
James Harkness
10 min.
MARYLAND TRANSPORTATION AUTHORITY BOARD MEETING JANUARY 29, 2026 9:00 AM
AGENDA PAGE 2
9. Update – Major Projects – Quarterly Update on Major
James Harkness
20 min.
Projects
10. Update – Information Technology Major Projects – Quarterly Update on Information Technology Major
David Goldsborough Charles Markakis
10 min.
Projects
11. Update – Civil Rights Fair Practice’s Socioeconomic Programs – Quarterly Update on Socioeconomic Programs
Khadriah Ward
10 min.
12. Update – MDTA Police Public Security – Verbal
Col. Joseph Scott
10 min
13. Update – Executive Director’s Report – Verbal
Bruce Gartner
5 min.
CLOSED SESSION – Expected Time 11:15 AM
14. To Discuss a Personnel Matter
Percy Dangerfield
10 min.
Tonya Dorsey
15. To Discuss Public Security
Col. Joseph Scott
10 min.
16. To Discuss Pending Litigation – Update on Status
Megan Mohan, Esq.
10 min.
of Pending Litigation Matters
Vote to go into Open Session
Ratify Action Taken in Closed Session
Vote to Adjourn Meeting
TAB 1
MARYLAND TRANSPORTATION AUTHORITY BOARD MEETING
THURSDAY, DECEMBER 18, 2025 9:00 A.M.
2310 BROENING HIGHWAY, BALTIMORE MD 21224 IN-PERSON & LIVESTREAMED OPEN MEETING
OPEN SESSION
Samantha J. Biddle, Chair
MEMBERS ATTENDING:
Dontae Carroll Maricela Cordova William H. Cox, Jr. Mario J. Gangemi – via Phone Cynthia D. Penny-Ardinger
Jeffrey S. Rosen Samuel D. Snead John F. von Paris
STAFF ATTENDING:
Lt. Col. Ronce Alford Jeffrey Brown Jeffrey P. Davis Allen Garman Bruce Gartner David Goldsborough Chantelle Green Natalie Henson Richard Jaramillo Heather Koeberle Walter Laun Heather Lowe Megan Mohan, Esq.
Mary O’Keeffe Shannon Orange Joseph Quatrone Bradley Ryon Miranda Sanders Col. Joseph Scott Cheryl Sparks Jennifer Stump Bradley Tanner Melissa Williams Eric Willison
OTHERS ATTENDING:
Jaclyn Hartman, Assistant Secretary, MDOT Deborah Sharpless, Retired Employee, MDTA
OPEN SESSION DECEMBER 18, 2025 PAGE 2 OF 9
At 9:00 a.m. Chair Samantha J. Biddle called the meeting of the Maryland Transportation Authority (MDTA) Board to order. The meeting was held in-person at MDTA Headquarters, 2310 Broening Highway, Baltimore MD 21224 and was livestreamed on the MDTA Board Meeting web page.
APPROVAL – OPEN SESSION MEETING MINUTES OF NOVEMBER 25, 2025
Upon motion by Member William H. Cox, Jr., and seconded by Member Dontae Carroll, the open session meeting minutes of the MDTA Board meeting held on November 25, 2025 were unanimously approved.
RESOLUTION – YEARS OF SERVICE RECOGNITION
Mr. Bruce Gartner read and presented the Years of Service Recognition Resolution for Ms. Deboarh Sharpless. On the occasion of Ms. Sharpless’s retirement from her distinguished career of service, the Chairman and Members of the Maryland Transportation Authority Board hereby express to her their most sincere appreciation for her excellence and commitment.
APPROVAL – CONTRACT AWARDS
• HT-3023-0000 – Baltimore Harbor Tunnel (BHT) Facility-Wide Signing Upgrades
Mr. Jeffrey Davis requested approval from the MDTA Board to execute Contract No. HT-3023 0000 – Baltimore Harbor Tunnel (BHT) Facility-Wide Signing Upgrades with McLean Contracting Company in the amount of $12,800,000.00. Mr. Davis explained that the work to be performed under this contract is located along the entire I-895 BHT facility including ramps and some approaches to I-895. The project will upgrade signing including new ground mounted signing, new cantilever and overhead signs and sign structures including entrance signs with Dynamic Message Signs (DMS). This project is located in Baltimore County, Baltimore City, Anne Arundel County, and Howard County. He further explained that this contract received a single bid and that the procurement officer made several efforts to increase awareness of the project through direct solicitation and extension of the bid due date to offer prospective bidders sufficient time to respond. A single bid was received from Mclean Contracting Company (McLean) and initially rejected due to issues with their Minority Business Enterprise (MBE) submittal. Mclean protested and was able to demonstrate they met the MBE goal and the rejection was overturned. The procurement officer then evaluated McLean and determined their bid is fair and reasonable and that the firm is qualified to complete the specialized work in the contract (such as the Intelligent Transportation System (ITS) integrations and DMS signage). Upon motion by Member Jeffrey S. Rosen and seconded by Member Mario J. Gangemi, the Members unanimously approved Contract No. HT-3023-0000 – Baltimore Harbor Tunnel (BHT) Facility-Wide Signing Upgrades.
OPEN SESSION DECEMBER 18, 2025 PAGE 3 OF 9
• KB-3020-0000 – Curtis Creek Drawbridge Rehabilitation and Resiliency
Mr. Jeffrey Davis requested approval from the MDTA Board to execute Contract No. KB-3020- 0000 – Curtis Creek Drawbridge Rehabilitation and Resiliency Project with Cianbro Corporation in the amount of $14,299,576.00. Mr. Davis explained that the work to be performed under this Contract is located on I-695 (Baltimore Beltway) at Curtis Creek. The scope of work includes superstructure rehabilitation work on both the inner and outer loop drawbridges to ensure continued operation of the structures as part of MDTA’s ongoing system preservation efforts. The work includes replacement of portions of the concrete decks and parapets, strengthening the existing steel girders, repairing the existing steel catwalks, maintenance of traffic, replacement of traffic signals and low-level lighting, and other miscellaneous repairs as detailed in the contract documents. Upon motion by Member Mario J. Gangemi and seconded by Member Maricela Cordova, the Members unanimously approved Contract No. KB-3020-0000 – Curtis Creek Drawbridge Rehabilitation and Resiliency Project.
*** Please note that Member John F. von Paris recused himself and left the room prior to MR- 3040-0000 – On-Call Miscellaneous Paving Repairs being presented. ***
• MR-3040-0000R – On-Call Miscellaneous Paving Repairs
Mr. Jeffrey Davis requested approval from the MDTA Board to execute Contract No. MR-3040- 000-000R – On-Call Miscellaneous Paving Repairs with Allan Myers MD, Inc. in the amount of $12,998,211.12. Mr. Davis explained that this contract includes performing paving work on both asphalt and concrete pavement, as well as upgrades, and new construction related to concrete traffic barriers, roadside drainage features, and slope stabilization. All work under this contract will be performed as on-call work order assignments directed by the MDTA Engineer. The work under this contract will be performed at all MDTA facilities. Upon motion by Member William H. Cox Jr. and seconded by Member Cynthia D. Penny- Ardinger, the Members unanimously approved Contract No. MR-3040-000-000R – On-Call Miscellaneous Paving Repairs.
*** Member John F. von Paris returned to the room for the remainder of the meeting. ***
APPROVAL – CONTRACT MODIFICATIONS
• MA-2868-0000 – Electronic Toll System (ETC 3G) Customer Service Center Services – Collection – Contract Modification No. 5
Mr. Jeffrey Davis requested approval from the MDTA Board to execute Modification No. 5 for Contract No. MA-2868-0000 with TransCore LP. Final approval of this Modification is contingent upon the Board of Public Works (BPW) approval at their next meeting.
OPEN SESSION DECEMBER 18, 2025 PAGE 4 OF 9
Mr. Davis explained that Contract MA 2868-000 was competitively solicited and awarded to Transcore Limited Partnership (aka Transcore, LP) on February 21, 2018, in the amount of $200,428,772.81 to furnish and provide Customer Service Center Services and Systems for the operation of the Electronic Toll Collection System.
To date, there have been four contract modifications (listed below) and the current contract value is $357,012,569.56.
• Modification No. 1 was approved by the BPW on July 22, 2022, for $63,106,810.98. • Modification No. 2 was approved by the BPW on July 7, 2023, for $44,317,717.58. • Modification No. 3 was approved by the BPW on August 28, 2024, for $49,159,268.19. • Modification No. 4 was approved by the BPW on October 1, 2025 and was a no-cost modification related to business requirements and a non-compensable time extension for certain phases of the contract. Mr. Davis further explained that the proposed Modification No. 5 includes an adjustment to the calculation of a Key Performance Indicator (KPI) and increases funding for new business requirements and Operations and Maintenance (O&M). Upon motion by Member Jeffrey S. Rosen and seconded by Member Maricela Cordova, the Members unanimously approved Contract No. MA-2868-0000 – Electronic Toll System (ETC 3G) Customer Service Center Services – Collection – Contract Modification No. 5.
• MA-2257-0000 – Electronic Toll System (ETC 3G) Toll System and Services – Contract Modification No. 4
Mr. Jeffrey Davis requested approval from the MDTA Board to execute Modification No. 4 for Contract No. MA-2257-0000 with Kapsch TrafficCom USA Inc. Final approval of this Modification is contingent upon the Board of Public Works (BPW) approval at the next available meeting. Mr. Davis explained that Contract No. MA-2257-0000 was competitively solicited and awarded to Kapsch TrafficCom USA Inc. (Kapsch), on February 21, 2018, in the amount of $71,911,342.78. The contract requires Kapsch to furnish and provide Operator Electronic Toll Collection Technology and Associated Subsystem Components and Services for the operation of the Electronic Toll Collection System.
To date, there have been three contract modifications (listed below) and the current contract value is $96,806,477.74.
• Modification No. 1 was approved on July 22, 2022 for $8,764,758.28. • Modification No. 2 was a no-cost modification and was approved on July 7, 2023. • Modification No. 3 was approved on August 28, 2024 for $16,130,376.68. He further explained that the proposed Modification No. 4 will (1) update the language of the Key Performance Indicators (KPI) for Video Toll Review and Trip Building; and (2) increase the original Operations and Maintenance (O&M) line items due to the conversion from cash to All-Electronic Tolling (AET) and the completion of task orders related to the I-95 Express Toll Lanes (ETL) Northbound Extension, and double blind image review being performed by Kapsch’s subcontract IntelliRoad.
OPEN SESSION DECEMBER 18, 2025 PAGE 5 OF 9
Upon motion by Member Cynthia D. Penny-Ardinger and seconded by Member Dontae Carroll, the Members unanimously approved Contract No. MA-2257-0000 - Electronic Toll System (ETC 3G) Toll System and Services - Contract Modification No. 4.
APPROVAL – CHESAPEAKE BAY CROSSING STUDY: TIER 2 NEPA
Ms. Melissa Williams and Ms. Heather Lowe requested MDTA Board approval of Alternative C as MDTA’s Recommended Preferred Alternative for the Chesapeake Bay Crossing Study: Tier 2 NEPA and proceed with public hearings in early February 2026. They explained that the Chesapeake Bay Crossing Study: Tier 2 NEPA (Tier 2 Study) is a National Environmental Policy Act (NEPA) study underway by the Maryland Transportation Authority (MDTA). The purpose of the Tier 2 Study is to address existing and future transportation capacity needs and access across the Chesapeake Bay and at the Chesapeake Bay Bridge approaches along the U.S. 50/301 corridor. The Tier 2 Study is evaluating measures to reduce congestion; improve travel times and reliability, mobility, and roadway deficiencies; and accommodate maintenance activities and navigation. The Tier 2 Study is also considering objectives for environmental responsibility, as well as cost and financial responsibility. They further explained MDTA’s Recommended Preferred Alternative (MDTA-RPA), Alternative C, for the Tier 2 Study. This alternative maintains the six existing lanes on the Western Shore, increases capacity to eight lanes across the Bay, and maintains the six existing lanes on the Eastern Shore. Alternative C includes a southern bridge location, with one new span located just south of the existing Bay Bridge spans and one span between the existing spans. The existing spans would be removed. It also includes transit-related and Transportation Systems Management (TSM)/Transportation Demand Management (TDM) improvements, and further consideration of a shared use path option. MDTA Board approval of this alternative is needed to move forward with the proposed February 2026 Public Hearings for the Chesapeake Bay Crossing Study: Tier 2 NEPA (Tier 2 Study). Holding these hearings in February 2026 is essential to meet the federally required two-year NEPA schedule. It is anticipated that the Federal Highway Administration (FHWA) will identify their selected alternative in their Record of Decision (ROD) in November 2026. Upon motion by Member William H. Cox, Jr. and seconded by Member Samuel D. Snead, the Chesapeake Bay Crossing Study: Tier 2 NEPA Decision: MDTA’s Recommended Preferred Alternative was unanimously approved.
APPROVAL – LEGISLATIVE PROPOSALS
• Authority to Notice Registered Owners of a Class G Vehicle
Mr. Bradley Ryon requested approval from the MDTA Board for a 2026 legislative proposal to allow the MDTA to notice the owner of a Class G vehicle (trailer) when the owner of the motorized vehicle cannot be determined. Mr. Ryon explained Maryland Code, Transportation §21-1414 uses the term “motor vehicle” throughout the statute to describe MDTA’s ability to issue a Notice of Toll Due (NOTD) or Citation for toll transactions that are not paid at the time of travel via a valid E-ZPass account.
OPEN SESSION DECEMBER 18, 2025 PAGE 6 OF 9
He further explained the term “motor vehicle” is defined in Maryland Code, Transportation (TR) §11-135 as a vehicle that is self-propelled and not operated on rails. MDTA’s corresponding regulations in COMAR 11.07.07.02 B (28) references TR §11-135 for the definition of a motor vehicle. By definition, a Class G vehicle operating on MDTA roadways is not self-propelled since it cannot be driven without using a motorized vehicle. Consequently, the owner of the Class G vehicle cannot be noticed since the trailer does not meet the definition of a motor vehicle subject to noticing under State law. This proposal would allow NOTDs to be issued to the registered owner of a Class G vehicle when the license plate of the motorized vehicle towing the Class G vehicle is not clearly visible/identified. The Class G license plate would be used as a last resort to collect the tolls due and Class G owners can still transfer liability to the motor vehicle owner. Class G vehicles include utility trailers (such as those used by landscaping companies), boat trailers, camping trailers, freight trailers, or semi-trailers.
If approved, this proposal will be submitted during the 2026 Maryland General Assembly Legislative Session as a Department of Transportation departmental bill.
Upon motion by Member Jeffrey S. Rosen and seconded by Member Mario J. Gangemi, the Legislative Proposal for 2026 Maryland Legislative Session – Class G Tolling was unanimously approved.
•
Revenue Bond Cap Increase
Mr. Bradley Ryon requested MDTA Board approval for a 2026 legislative proposal to increase the MDTA’s revenue bond cap to $5 billion from $4 billion
Mr. Ryon explained that Md. Code, Transportation §4–306 establishes that “revenue bonds secured by toll revenue may be issued in any amount as long as the aggregate outstanding and unpaid principal balance of the revenue bonds secured by toll revenue and revenue bonds of prior issues does not exceed $4,000,000,000 on June 30 of any year.” The legislative proposal seeks to increase MDTA’s bonding limit to $5 billion from $4 billion in response to near term financing needs associated with the toll facilities capital preservation program, as well as financing needs specific to the Francis Scott Key (FSK) Bridge reconstruction prior to Federal Highway Administration (FHWA) reimbursements and potential legal recovery.
If approved by the Board, this proposal will be submitted during the 2026 Maryland General Assembly Legislative Session as a Department of Transportation departmental bill.
Upon motion by Member Samuel D. Snead and seconded by Member Cynthia D. Penny-Ardinger, the 2026 legislative proposal to increase the MDTA’s revenue bond cap to $5 billion from $4 billion was unanimously approved.
APPROVAL – MDTA BOARD RESOLUTION 25-02
Mr. Allen Garman requested MDTA Board approval for the MDTA Board Resolution 25-02 for Municipal Financing.
OPEN SESSION DECEMBER 18, 2025 PAGE 7 OF 9
Mr. Garman explained the purpose of MDTA Board Resolution 25-02 for Municipal Financing and request approval for delegated authority. The resolution authorizes the issuance of toll revenue bonds to finance a portion of capital projects in calendar year 2026. He further explant that the $600 million limit contained in the resolution is based on the most recent official forecast approved by the MDTA Board in November 2025. Based on realized fiscal 2026 capital spending, more precise financing needs will be known in coming months. Resolution 25-02 amends Resolution 25-01 that was approved in April, extending the deadline to December 2026 from December 2025. With delegated authority granted in the prior resolution, management is currently working with bond counsel and Municipal Advisors on the Official Statement development and other elements of the financing process that comfortably requires 90-days to complete. The Executive Director and Chief Financial Officer (CFO) will have the authority to manage the bond sale and closing, including the award of the 2026 bonds to the successful underwriting firm(s) or negotiation of terms for a private placement. The resolution also provides for authority to select other service providers and to prepare and execute all closing documents, certificates, and bond forms.
Upon motion by Member Samuel D. Snead and seconded by Member John F. von Paris, the MDTA Board Resolution 25-02 - Municipal Financing was unanimously approved.
UPDATE – 1 ST QUARTER OPERATING BUDGET COMPARISON
Mr. Jeffrey Brown briefed the MDTA Board on the first quarter Fiscal Year (FY) 2026 spending compared to the FY 2026 Amended Operating Budget.
Mr. Brown explained that as of September 30, 2025 19% of the budget was spent compared to a target of 25% and that all Object Codes were at or below budget spending levels. The seasonality of the expenses, the timing of invoices, and the year-end accruals heavily impacted 1st quarter performance.
UPDATE – 1 st QUARTER CAPITAL BUDGET COMPARISON
Ms. Jennifer Stump updated the MDTA Board on the status of actual Fiscal Year (FY) 2026 capital spending against the FY 2026 capital budget in the FY 2026-2031 Draft Consolidated Transportation Program (CTP). Ms. Stump explained that as of September 30, 2025, 7.2% of the FY 2026 budget was spent as compared to the targeted spending level of 25%. The total budget for FY 2026 is $1.15 billion. The actual spending through the first quarter was $83.6 million. The first quarter percentage is low because there are outstanding accruals for work completed in FY 2025. Ms. Stump further explained that ninety-five of the 102 projects budgeted in FY 2026 were within the acceptable spending limits of 0% to 50% (plus or minus 25% of the 25% target) and that due to normal lags in invoicing, generally two months, a plus or minus 25% threshold was determined to be reasonable.
OPEN SESSION DECEMBER 18, 2025 PAGE 8 OF 9
UPDATE – QUARTERLY UPDATE ON TRAFFIC AND REVENUE
Mr. Walt Laun provided the Maryland Transportation Authority (MDTA) Board with a quarterly and year-to-date update regarding traffic and toll revenue trends compared to the previous year and the forecast.
Mr. Laun explained that for the quarter ending September 30, 2025, overall collected revenue was above forecast by $3.8 million. This primary drivers of this overperformance are listed below.
• 2-Axle E-ZPass® revenue at the Fort McHenry Tunnel ($2.2 million). • Continued improvement of the collection of Video Tolls ($0.4 million). • Civil Penalty Fees ($0.7 million) by the Central Collection Unit (CCU).
UPDATE – AUDIT COMMITTEE UPDATE
Member Cynthia D. Penny-Ardinger updated the MDTA Board on the Audit Committee December 2, 2026 meeting.
Member Penny-Ardinger reported that the Office of Audit is on track to complete all 12 audits included in the Fiscal Year 2026 Audit Plan. At this time, one audit has been completed and two are currently in progress.
She further reported that the Committee was presented with two internal audit reports (listed below). The Committee discussed the audit findings and were satisfied with the results of both audits.
• Validation of Waivers for Video Tolls and Civil Penalties Audit • Minority Business Enterprise (MBE), Veteran-Owned Small Business Enterprise (VSBE), and Small Business Reserve (SBR) Compliance Audit
UPDATE – EXECUTIVE DIRECTOR’S REPORT
Mr. Bruce Gartner began his report by informing the Board that consistent with the MDTA Board approved tolling plan for I-95 Express Toll Lanes, as Executive Director approved the 2026 calendar year holiday schedule for the ETL’s. This resets the toll schedule on certain holidays to a Sunday or Saturday toll schedule based on traffic patterns for the holiday. He stated that during the past year, the Key Bridge Rebuild Project remained a major focus for both MDTA and the public. However, it was emphasized that MDTA’s work and responsibilities extend well beyond the Key Bridge Rebuild Project. Mr. Gartner then went over several milestones and projects that each MDTA office/division has worked on over 2025
He ended his remarks by stating that the MDTA is a team unified in our vision of connecting our customers to what matters most.
VOTE TO ADJOURN MEETING
There being no further business, upon motion by Member William H. Cox, Jr. and seconded by Member Mario J. Gangemi, the Members unanimously voted to adjourn the meeting at 10:30 a.m.
OPEN SESSION DECEMBER 18, 2025 PAGE 9 OF 9
The next MDTA Board Meeting will be held on Thursday, January 29, 2026 at 9:00 a.m. at MDTA, 2310 Broening Highway, Baltimore MD and will be livestreamed on the MDTA Board web page.
APPROVED AND CONCURRED IN:
_________________________________________ Samantha J. Biddle, Acting Chair
TAB 2
MEMORANDUM
TO:
MDTA Board
FROM: SUBJECT:
Director of Procurement, Jeffrey Davis, NIGP-CPP, CMPO Contract J01B3400081 - NetApp Storage Hardware
DATE:
January 29, 2026
PURPOSE OF MEMORANDUM To seek approval from the MDTA Board to execute Contract J01B3400081 - NetApp Storage Hardware. SUMMARY This Contract is for the provision of NetApp Storage Hardware and Manufacturers Extended Warranty to support MDTA’s software defined infrastructure for hybrid cloud environments at the John F. Kennedy and Intercounty Connector Facilities. MDTA has been utilizing NetApp storage hardware for over fifteen years to support composing physical and virtual computing. This contract will provide storage resources to support mission critical databases and applications that are used by MDTA business units. Without the NetApp storage hardware refresh, MDTA will not be able to continue providing the infrastructure necessary to service the MDTA business units that rely on it to perform its daily operations. RECOMMENDATIONS To approve Contract J01B3400081 - NetApp Storage Hardware. ATTACHMENT • Project Summary
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
AUTHORITY PROJECT SUMMARY J01B3400081 NetApp Storage Hardware
PIN NUMBER
TBD
CONTRACT NUMBER CONTRACT TITLE
J01B3400081
NetApp Storage Hardware
PROJECT SUMMARY
This Contract is for the provision of NetApp Storage Hardware and Manufacturers Extended Warranty to support MDTA’s software defined infrastructure for hybrid cloud environments at the John F. Kennedy and Intercounty Connector Facilities. MDTA has been utilizing NetApp storage hardware for over fifteen years to support composing physical and virtual computing. This contract will provide storage resources to support mission critical databases and applications that are used by MDTA business units. Without the NetApp storage hardware refresh, MDTA will not be able to continue providing the infrastructure necessary to service the MDTA business units that rely on it to perform its daily operations.
ADVERTISED GOAL (%)
PROPOSED GOAL (%)
SCHEDULE
MBE PARTICIPATION
ADVERTISEMENT DATE ANTICIPATED NTP DATE
OVERALL MBE
10/9/2025 2/10/2026
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
AFRICAN AMERICAN ASIAN AMERICAN
DURATION (CALENDER DAYS)
1825
VSBE
% VARIANCE TO EE
BID RESULTS
BID AMOUNT ($)
($)
ENGINEER'S ESTIMATE (EE)
INCUMBENT Cas Severn
$4,000,000.00
$3,999,880.00 $4,592,316.62
0.00% 14.81%
DISYS Solutions
YES
NO
BID PROTEST
Check
Check
MEMORANDUM
TO:
MDTA Board
FROM: SUBJECT:
Director of Procurement, Jeffrey Davis, NIGP-CPP, CMPO Contract J01B6600028 - Rubrik Identity Resiliency Software
DATE:
January 29, 2026
PURPOSE OF MEMORANDUM To seek approval from the MDTA Board to execute Contract J01B6600028 - Rubrik Identity Resiliency Software. SUMMARY This Contract is for the provision of Rubrik Identity Resiliency Software which enables the MDTA enhanced protection of Microsoft Active Directory (AD). By enhancing our Rubrik backup infrastructure, MDTA will be able to enable protection of AD forests and domain controllers with global orchestration, ensuring backups are enforced across distributed environments. The enhanced protection also allows MDTA to support forest and domain controller-level recovery, with options for recovery to the same or new hosts, ensuring fast return to business operations after a cyberattack. The granular object-level recovery option will allow MDTA to restore individual AD objects (users, groups, etc.) with full attribute and relationship preservation, eliminating the need for manual rebuilds during recovery. RECOMMENDATION To approve Contract J01B6600028 - Rubrik Identity Resiliency Software. ATTACHMENT • Project Summary
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
AUTHORITY PROJECT SUMMARY J01B6600028 - Rubrik Identity Resiliency Software
PIN NUMBER
TBD
CONTRACT NUMBER CONTRACT TITLE
J01B6600028
Rubrik Identity Resiliency Software
PROJECT SUMMARY
This Contract is for the provision of Rubrik Identity Resiliency Software which enables the MDTA enhanced protection of Microsoft Active Directory (AD). By enhancing our Rubrik backup infrastructure, MDTA will be able to enable protection of AD forests and domain controllers with global orchestration, ensuring backups are enforced across distributed environments. The enhanced protection also allows MDTA to support forest and domain controller-level recovery, with options for recovery to the same or new hosts, ensuring fast return to business operations after a cyberattack. The granular object-level recovery option will allow MDTA to restore individual AD objects (users, groups, etc.) with full attribute and relationship preservation, eliminating the need for manual rebuilds during recovery.
ADVERTISED GOAL (%)
PROPOSED GOAL (%)
SCHEDULE
MBE PARTICIPATION
ADVERTISEMENT DATE ANTICIPATED NTP DATE
OVERALL MBE
11/13/2025
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
AFRICAN AMERICAN ASIAN AMERICAN
3/5/2026
DURATION (CALENDER DAYS)
890
VSBE
% VARIANCE TO EE
BID RESULTS
BID AMOUNT ($)
($)
ENGINEER'S ESTIMATE (EE)
INCUMBENT Cas Severn, Inc.
$725,000.00
$751,060.00 $900,972.00
3.59% 24.27%
Applied Technology Services
YES
NO
BID PROTEST
Check
Check
MEMORANDUM
TO:
MDTA Board
FROM: Director of Procurement, Jeffrey Davis, NIGP-CPP, CMPO SUBJECT: Contract No. MDTA 2024-04A - Structures Inspection Program and Miscellaneous Engineering Services DATE: January 29, 2026 PURPOSE OF MEMORANDUM To seek approval from the MDTA Board to execute Contract No. MDTA 2024-04A - Structures Inspection Program and Miscellaneous Engineering Services. SUMMARY This project entails the award of five (5) contracts to consultant engineering firms to perform routine condition inspection, reporting, design, non-destructive testing, asset management, asset health monitoring, and project management services for MDTA. Seven (7) proposals were received and five (5) were selected for award. Two (2) of these awards are being presented to the MDTA Board for approval. The remaining three (3) contracts will be presented at the next Board meeting in February. As this contract exceeds the MDTA’s delegated authority, the award of this contract would be pending approval at the next available BPW meeting. RECOMMENDATION To approve Contract No. MDTA 2024-04A - Structures Inspection Program and Miscellaneous Engineering Services. ATTACHMENT • Project Summary
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
AUTHORITY PROJECT SUMMARY Contract No. MDTA 2024-04A Structures Inspection Program and Miscellaneous Engineering Services
PIN NUMBER
N/A
MDTA PROJECT NUMBER CONTRACT TITLE
MDTA 2024-04A MDTA Structures Inspection Program Services
PROJECT SUMMARY
This project entails the award of five (5) contracts to consultant engineering firms to perform routine condition inspection, reporting, design, non-destructive testing, asset management, asset health monitoring, and project management services for MDTA.
CONTRACT AMOUNT
MDTA CONTRACT NO.
SCHEDULE
PROPOSER
April 22, 2025
ADVERTISEMENT DATE ANTICIPATED NTP DATE
Rummel, Klepper & Kahl/Modjeski & Masters AECOM Technical Services/Wallace, Montgomery
AE 3143 AE 3144
$14,000,000.00 $14,000,000.00
February 28, 2026
Four (4) YEARS
DURATION/TERM
PROTEST
YES
NO
FUNDING SOURCE
100% TOLL REVENUE
AE-3143 PROPOSED GOAL (%) MBE PARTICIPATION
ADVERTISED GOAL (%)
AE-3144 PROPOSED GOAL (%)
MBE PARTICIPATION - OVERALL
OVERALL MBE
28.00% 7.00%
28.00% 8.00% 5.00% 5.00% 10.00%
28.00% 7.00% 5.00% 16.00%
AFRICAN AMERICAN ASIAN AMERICAN HISPANIC AMERICAN WOMEN OWNED
-
10.00%
VSBE
2.00%
2.00%
2.00%
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TAB 3
MEMORANDUM
TO:
MDTA Board
FROM: SUBJECT:
Chief Engineer, James Harkness, P.E., PTOE
KB-4903-0000 – Key Bridge Rebuild Progressive Design Build - Early Work Package Funding Approval
DATE:
January 29, 2026
PURPOSE OF MEMORANDUM To request approval from the MDTA Board of additional Early Work Packages (EWP) funding to continue critical path work on the Key Bridge Rebuild. SUMMARY On May 29, 2025, the MDTA Board approved Contract Modification 1 to KB-4903-0000, which allowed for the issuance of EWPs for the Key Bridge Rebuild project. Additionally, the MDTA Board authorized a not-to-exceed amount of $250,000,000.00 for EWPs, with the specific EWP approval authority delegated to the Chief Engineer. On November 25, 2025, the MDTA Board authorized an additional $95,000,000.00 for EWP, for a not-to-exceed total of $345,000,000.00. To date, the MDTA has issued the following EWPs to the Progressive Design-Builder (PDB): Early Works Scope Total Authorized EWP-001 – Land Demolition & Project Office
EWP-002 – 138 EA Pylon Pile Procurement EWP-003 – Trestle Material Procurement & Laydown Yard EWP-004 – 138 EA Pylon Pile Installation EWP-005 – Mainline Trestle Installation EWP-006 – Pylon Pile Template Procurement EWP-007 – Pylon Footing Precast Procurement
$296,831,263.21
The materials and work authorized under the not-to-exceed $345,000,000.00 are of significant cost and scope. To continue progressing critical path work over the coming months, additional funding is required. The Office of Engineering and Construction, in coordination with the PDB, has reviewed scopes of work and estimated costs for work necessary to progress the construction
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
KB-4903-0000 - Key Bridge Rebuild Progressive Design-Build Early Work Package Funding Approval Page 2
critical path, including continued pile installation, trestle installation, footing material procurement, additional pile material procurement, and long lead construction items. This work requires the authorization of an additional $150,000,000.00 in early works funding, increasing the not-to-exceed authorization to $495,000,000.00. The cumulative total of all EWPs shall not exceed $495,000,000.00 without MDTA Board approval. RECOMMENDATION To provide approval of an additional $150,000,000.00 in Early Works Package funding for contract KB-4903-0000, with a revised not-to-exceed amount of $495,000,000.00.
TAB 4
MEMORANDUM
TO: MDTA Board PRESENTED BY: Chief Administrative Officer, Percy E. Dangerfield, PhD
Human Resources and Workforce Development Director, Tonya J. Dorsey Collective Bargaining Agreement Amendment with Fraternal Order of Police (FOP) Lodge #34, Fiscal Year 2027 January 29, 2026
SUBJECT: DATE:
PURPOSE OF MEMORANDUM The purpose of this item is to apprise the Maryland Transportation Authority (MDTA) Board of the negotiations between the MDTA and the Fraternal Order of Police (FOP) Lodge #34. SUMMARY On December 31, 2024, the State and the FOP reached a tentative agreement through collective bargaining. The final agreed upon package is a one (1) year agreement, effective July 1, 2026, through June 30, 2027. The following details the agreed upon proposals with significant economic impact: • A one-step increase for all bargaining unit members effective January 1, 2027; and • Adjustment to the MDTA/MTA pay scale from the current step ratio of two percent (2%) to five percent (5%) between steps 17 and 18 resulting in a three percent (3%) increase. The percentage difference between steps 18 and 19 and between steps 19 and 20 will remain at two percent (2%), respectively. When fully implemented, the agreement provides an additional $1,289,407 in salaries and benefits to bargaining unit members. The three percent (3%) increase between steps 17 and 18 and its impact upon the salary structure accounts for $826,231 of the cost. The additional step accounts for $ 463,176 of the cost. There will be no general cost-of-living adjustment (COLA) for the 2027 fiscal year.
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
Collective Bargaining Agreement Amendment with FOP Lodge #34, FY 2027 Page Two ADDITIONAL OUTCOMES MDTA negotiated on the following points: • The MDTA will provide newly graduated officers with an agency patrol vehicle immediately upon graduation, with any delay limited to a reasonable period not exceeding ten (10) calendar days, for use during field training. • The agreement was amended to ensure that the MDTA Alcohol and Controlled Substances Testing Directive included all bargaining unit members, specifically noting the Senior Officer and First Sergeant. • On a quarterly basis, the union’s designee may observe the creation of the random drug testing list. At the conclusion of the quarter, any employee who is randomly drug tested in the prior quarter may request to view their name on the random drug testing list. • The MDTA will now provide the FOP with separation information for bargaining unit members at the beginning of each month. • The agreement established that the Commercial Vehicle Safety Unit selection process shall be in accordance with established directives for specialized units. • There was an agreement that during Labor Management Committees, the MDTA and the FOP would discuss policies and procedures that could permit employees to list their preferred assignments on promotions and incorporate the preference into the selection process. RECOMMENDATION We are seeking MDTA Board approval to confirm the agreement reached between the State and the FOP.
TAB 5
MEMORANDUM
TO:
MDTA Board
FROM: Director of Treasury and Debt, Kevin Cullity SUBJECT: MDTA Board Resolution 26-01 – Municipal Financing DATE: January 29, 2026
PURPOSE OF MEMORANDUM To explain the purpose of MDTA Board Resolution 26-01 for Municipal Financing and request MDTA Board approval for delegated authority. The resolution authorizes the issuance of Passenger Facility Charge (PFC) backed bonds to finance a portion of BWI Airport capital projects in fiscal 2027 and 2028. The PFC revenue backed bonds are issued under a separate trust agreement and are solely secured by PFC revenues. The resolution was reviewed at the January 15 Finance and Administration Committee meeting and recommended to proceed for full Board approval. SUMMARY The Municipal Financing Resolution authorizes the issuance of up to $130 million of bonds to finance a portion of capital projects for an approximately two-year period through fiscal 2028. The financing is expected during the second half of 2026 and will be sized to account for the capital program, passenger facility charge revenues, bond premium, debt service reserve funding, and cost of issuance. o Design – New Air Traffic Control Tower o Capacity Project – Concourse D/E Bag Claim Expansion o State of Good Repair Projects • Concourse C/D Connector • Concourse C/D Baggage Handling System • Concourse B Projects – Roof Replacement, Passenger Movement Modernization (Terminal Vestibule Doors, Elevators, Escalators, Moving Walkways)
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
MDTA Board Resolution, Municipal Financing Page Two
The projects and the PFC backed bonds are expected to receive approval from the FAA in spring 2026. Additionally, the concurrence of the General Assembly’s Budget Committees is expected in early 2026. The $130 million limit contained in the Resolution is based on the most recent forecast submitted by MAA finance staff in December 2025. The forecast projects at least 1.5x debt service coverage through 2040 and incorporates a future financing. This Resolution is currently needed as delegated authority to engage Bond Counsel in the development of the Official Statement and generally begin the financing process that comfortably requires 90-days to complete. The Executive Director and Chief Financial Officer (CFO) will have the authority to manage the bond sale and closing, including the award of the 2026 bonds to the successful underwriting firm(s) or negotiation of terms for a private placement. The Resolution also provides for authority to select other service providers and to prepare and execute all closing documents, certificates, and bond forms. Resolution 26-01 contains the following limiting and reporting provisions: 1. Par Amount – Limited to $130 million. 2. Bond Sale Date – No later than December 31, 2026. 3. Bond Sale Reports on Results – Provided by the Executive Director and CFO at the first Board meetings after the sale dates. RECOMMENDATION Approve Board Resolution 26-01 for delegated authority to finance a portion of MAA’s capital program in calendar 2026. ATTACHMENT • Board Resolution 26-01
M ARYLAND T RANSPORTATION A UTHORITY R ESOLUTION 26-01
A R ESOLUTION REGARDING THE ISSUANCE BY THE M ARYLAND T RANSPORTATION A UTHORITY ( THE “MDTA”) OF ONE OR MORE SERIES OF ITS S PECIAL O BLIGATION P ASSENGER F ACILITY C HARGE R EVENUE B ONDS B ALTIMORE /W ASHINGTON I NTERNATIONAL T HURGOOD M ARSHALL A IRPORT ( THE “S ERIES 2026 PFC B ONDS ”) FOR THE PURPOSE OF ( I ) FINANCING AND REFINANCING THE ACQUISITION , CONSTRUCTION AND EQUIPPING OF CERTAIN AIRPORT FACILITY PROJECTS , ( II ) FUNDING DEBT SERVICE RESERVE FUNDS , AND ( III ) PAYING THE COSTS RELATED TO ISSUANCE OF THE S ERIES 2026 PFC B ONDS ; APPROVING THE PREPARATION AND DISTRIBUTION OF THE PRELIMINARY AND FINAL OFFICIAL STATEMENTS , A SUPPLEMENTAL TRUST AGREEMENT , A FINANCING AGREEMENT , AND A LEASING AGREEMENT AND ANY OTHER NECESSARY AND APPROPRIATE TRANSACTION DOCUMENTS ; AUTHORIZING THE SOLICITATION AND SELECTION OF PROVIDERS OF PROFESSIONAL SERVICES ; AUTHORIZING CERTAIN OFFICERS TO DETERMINE MATTERS PERTAINING TO THE SALE AND ISSUANCE OF THE S ERIES 2026 PFC B ONDS , INCLUDING THE FINANCING STRUCTURE AND TERMS ; AND AUTHORIZING , SPECIFYING , DETERMINING AND APPROVING CERTAIN OTHER MATTERS PERTAINING TO THE S ERIES 2026 PFC B ONDS . W HEREAS , the Maryland Transportation Authority, an agency of the State of Maryland (the “ MDTA ”) is authorized under Sections 4-101 through 4-406 of the Transportation Article of the Annotated Code of Maryland (2020 Replacement Volume, as amended and supplemented from time to time) (the “ Act ”) to finance “transportation facilities projects” (as defined in the Act), to issue revenue bonds for the purpose of financing the cost of transportation facilities projects (which includes airport facilities), to issue revenue bonds for the purpose of financing and refinancing transportation facilities projects and to perform any actions necessary or convenient to carry out the powers granted in the Act; and W HEREAS , the Maryland Aviation Administration, an agency of the State of Maryland and a unit within the Maryland Department of Transportation (the “ MDOT MAA ”) is authorized pursuant to Section 5-404 of the Transportation Article of the Annotated Code of Maryland (2020 Replacement Volume, as amended and supplemented from time to time) to establish or operate airports and airport facilities utilizing funds available under the Act; and W HEREAS , the MDOT MAA requested that the MDTA issue one or more series of its Special Obligation Passenger Facility Charge Revenue Bonds Baltimore/Washington International Thurgood Marshall Airport (the “ Series 2026 PFC Bonds ”) for the purpose of financing and refinancing improvements at Baltimore/Washington International Thurgood Marshall Airport (“ BWI Marshall Airport ”); and W HEREAS , the MDTA entered into the Trust Agreement dated as of December 1, 2003 (as previously amended and supplemented, the “ PFC Trust Agreement ”), with Manufacturers and Traders Trust Company, as trustee, to issue revenue bonds secured by passenger facility charge revenues generated from the operation of the airport facilities at BWI Marshall Airport (the “ PFC Revenues ”); and
R ESOLUTION 26-01 Page 2
W HEREAS , the MDOT MAA has asked the MDTA to issue the Series 2026 PFC Bonds for the purpose of financing three state of good repair projects, one capacity project, and the design for a new Air Traffic Control Tower (collectively referred to as the 2026 PFC Projects). The state of good repair projects to be financed with the Series PFC Bonds include the Concourse C/D Connector, the Concourse C/D Baggage Handling System, and the Concourse B Projects (Roof Replacement, Passenger Movement Modernization Terminal Vestibule Doors, Elevators, Escalators, Moving Walkways). The capacity project to be financed with the Series PFC Bonds is for a Concourse D/E Bag Claim Expansion. WHEREAS , Section 2.05 of the PFC Trust Agreement provides that the MDTA may from time to time issue Additional Bonds (as defined in the PFC Trust Agreement) in accordance with the terms and conditions set forth in the PFC Trust Agreement for the purpose of paying all or any part of the cost of any additional Airport Facilities Projects (as defined in the PFC Trust Agreement); and W HEREAS , the MDTA desires to adopt this Resolution to authorize the execution and delivery of a supplement to the PFC Trust Agreement (the “ Supplemental PFC Trust Agreement ”) that will include, among other provisions, the terms of the Series 2026 PFC Bonds as Additional Bonds, the pledge of PFC Revenues as security for the Series 2026 PFC Bonds, other legally available revenues generated from operation of the airport facilities, as deemed appropriate by the Executive Director of the MDTA (the “ Executive Director ”), and the issuance of one or more additional series of PFC Bonds, for the purpose of (i) financing and refinancing the costs of the 2026 PFC Projects, (ii) funding a debt service reserve fund, and (iii) paying the costs related to issuance of the Series 2026 PFC Bonds, provided that certain conditions set forth in this Resolution are met. N OW , T HEREFORE , B E I T R ESOLVED B Y T HE M ARYLAND T RANSPORTATION A UTHORITY , as follows: Section 1. The MDTA hereby authorizes the issuance of one or more series of PFC Bonds designated as its “Passenger Facility Charge Revenue Bonds, Series 2026, Baltimore/Washington International Thurgood Marshall Airport,” or such other or further designation as may be deemed appropriate by the Executive Director, in a total aggregate principal amount not to exceed One Hundred Thirty Million Dollars ($130,000,000), for the purpose of (i) financing and refinancing the costs of the 2026 PFC Projects, (ii) depositing funds into a debt service reserve fund, and (iii) paying the costs related to the issuance of the Series 2026 PFC Bonds, subject to the limitations set forth below in Section 3(b). Section 2. The Series 2026 PFC Bonds will be issuable as fully registered bonds without coupons, and may be issued in such denominations as the Executive Director may determine, in consultation with the Chief Financial Officer of the MDTA (the “ Chief Financial Officer ”), the Chief Financial Officer to the Maryland Department of Transportation (the “ Department CFO ”), the Chief Financial Officer of MDOT MAA (the “ MAA CFO” ), and the financial advisors and bond counsel to the MDTA, as appropriate. The Series 2026 PFC Bonds are special obligations of the MDTA payable, as to principal and interest, solely from the revenues and funds pledged thereto under the PFC Trust Agreement, as amended and supplemented, and are not and shall not be deemed (i) to be general obligations of the MDTA, (ii) to constitute
R ESOLUTION 26-01 Page 3
obligations of the Maryland Department of Transportation (the “ Department ”) or the MDOT MAA, or (iii) to constitute a debt or a pledge of the faith and credit of the State of Maryland or any political subdivision thereof. The revenues pledged under the Second Amended and Restated Trust Agreement dated as of September 1, 2007, (as amended and supplemented, the “ Toll Facilities Trust ”) derived from the Transportation Facilities Projects or the General Account Projects (as such terms are defined in the Toll Facilities Trust) will not be pledged as security for the Series 2026 PFC Bonds or any other bonds issued under the PFC Trust Agreement, as supplemented and amended. Therefore, the limitation on the outstanding principal amount of toll revenue bonds issued by the MDTA and secured by toll revenues set forth in Section 4-306(b) of the Act does not apply to the Series 2026 PFC Bonds. Section 3 . Bond Sale. (a) The MDTA hereby authorizes its Executive Director to sell one or more series of the Series 2026 PFC Bonds by one or more competitive sales or by negotiated sales (including but not limited to a direct placement with a financial institution), upon terms determined by the Executive Director, with the advice of the Chief Financial Officer, the Department CFO, the MAA CFO, its bond counsel, its financial advisors and, as appropriate, other officers and staff of the MDTA, the MDOT MAA and the Department, to be the most advantageous for the MDOT MAA, provided that such sale or sales must occur no later than December 31, 2026, unless a later sale date is approved by future resolution of the MDTA, and subject to the limitations set forth below in paragraph (b). (b) The Executive Director is authorized to determine, with the advice of the Chief Financial Officer, bond counsel, financial advisors and, as appropriate, other officers and staff of the MDTA, the terms of the Series 2026 PFC Bonds, including, but not limited to: (i) the rate or rates of interest to be borne by the Series 2026 PFC Bonds or the method of determining the rates for such bonds, provided that the true interest cost, determined by doubling the semiannual interest rate, compounded semiannually, necessary to discount the debt service payments to the date of the Series 2026 PFC Bonds and to the price for such bonds, shall not exceed 6%, (ii) the dates of principal and interest payments and final maturity of the Series 2026 PFC Bonds, provided that the final maturity of the Series 2026 PFC Bonds shall not exceed 30 years, and (iii) the appropriate designation for the Series 2026 PFC Bonds that may reflect a different year of issuance and other modifications. (c) If the Executive Director determines to negotiate the terms of the sale of all or a portion of the Series 2026 PFC Bonds, the MDTA hereby authorizes the Executive Director, with the assistance of the Chief Financial Officer, its bond counsel, its financial advisors and, as appropriate, other officers and staff of the MDTA, (1) to solicit and accept proposals for the sale of the Series 2026 PFC Bonds on a private, negotiated basis, and (2) if the sale is negotiated, to negotiate the terms of an agreement for the purchase of the Series 2026 PFC Bonds (a “ Bond Purchase Agreement ”), in accordance with the limitations set forth in this Resolution. (d) If the Executive Director determines to sell all or a portion of the Series 2026 PFC Bonds by the solicitation of competitive bids, the MDTA hereby authorizes the Executive Director, with the assistance of the Chief Financial Officer, its bond counsel, its financial advisors and, as appropriate, other officers and staff of the MDTA, (i) to determine the
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