Maryland Transportation Authority Board Meeting
Thursday, June 25, 2026 9:00 am
In-Person and Livestream
2310 Broening Highway 2 nd Floor Training Room Baltimore, MD 21224
MARYLAND TRANSPORTATION AUTHORITY BOARD MEETING 2310 Broening Highway * 2 nd Floor Training Room * Baltimore, MD 21224 JUNE 25, 2026 9:00 AM
This meeting will be livestreamed on the MDTA Board Meeting Page
NOTES: •
This is an In-Person 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, June 23, 2026. You MUST pre-register and attend the meeting in person 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 May 28, 2026
Chair
5 min.
2. Approval – Closed Session Meeting Minutes of May 28, 2026 Chair
5 min.
3. Approval – Dedication of Bradshaw Road over I-95 to the Kingsville Volunteer Fire Company – Requested by Delegates Kathy Szeliga and Ryan Nawrocki (District 7A)
Melissa Williams
5 min.
4. Approval – Dedication of Thomas J. Hatem Memorial Bridge Melissa Williams
5 min.
Detachment to Officer Robert F Pyles, Sr. and Corporal Gregory J. Bednarek – Requested by Colonel Joseph F. Scott
5. Approval – Contract Awards
Jeffrey Davis
10 min.
• MDTA-2025-03 – Electronic Toll Collection Services • J01B6600044 – MDTA Motorola APX 6500 Enhanced Mobile Radios • J01B6600045 – MDTA Motorola APX Next Portable Radios 6. Approval – Board Resolution 26-02 – Bond Financing - Series 2026 Baltimore/Washington International Thurgood Marshall Airport Passenger Facility Charge (PFC) Bonds
Allen Garman
10 min.
7. Approval – Fiscal Year (FY) 2027 Final Operating Budget –
Jeffrey Brown
10 min.
Approval of the Final Operating Budget for FY 2027
8. Approval – Draft Fiscal Year (FY) 2027-2032 Consolidated Transportation Program (CTP) – Approval of the Draft FY 2027-2032 CTP including Project Additions and Changes
Jennifer Stump
10 min.
9. Approval – Debt Policy – Updates to the MDTA’s Debt Policy Allen Garman
10 min.
Which Establishes the Guidelines for the Financing Program
10. Approval – Financial Forecast – Approval of the Financial
Chantelle Green
10 min.
Forecast
MARYLAND TRANSPORTATION AUTHORITY BOARD MEETING JUNE 25, 2026 9:00 AM
AGENDA PAGE 2
11. Update – Bi-Annual Review of Revenue Sufficiency – Review Chantelle Green
5 min.
of Revenues as Required by the MDTA Board Operating Policy
12. Update – Information Technology Major Projects – Quarterly David Goldsborough 10 min. Update on Information Technology Major Projects
13. Update – Major Projects – Quarterly Update on Major Projects Brian Wolfe
20 min.
14. Update – Civil Rights Fair Practice’s Socioeconomic Programs – Quarterly Update on Socioeconomic Programs
Khadriah Ward
10 min.
15. Update – Audit Committee Update – Verbal
Member Ardinger
5 min.
16. Update – Executive Director’s Report – Verbal
Bruce Gartner
10 min.
Vote to go into Closed Session
CLOSED SESSION – Expected Time 11:20 AM
17.To Discuss Pending Litigation
Megan Mohan
15 min.
Vote to Return to Open Session
Vote to Adjourn Meeting
TAB 1
MARYLAND TRANSPORTATION AUTHORITY BOARD MEETING
THURSDAY, MAY 28, 2026 9:00 A.M.
2310 BROENING HIGHWAY, BALTIMORE, MD 21224 IN-PERSON & LIVESTREAMED OPEN MEETING
OPEN SESSION
Kathryn Thomson, Chair
MEMBERS ATTENDING:
Dontae Carroll Maricela Cordova William H. Cox, Jr.
Cynthia D. Penny-Ardinger Jeffrey S. Rosen via Phone
Samuel D. Snead John F. von Paris Frank S. Waesche III
STAFF ATTENDING:
Lt. Col. Ronce Alford Greg Brown Jeffrey Brown Kevin Cullity Jeffrey P. Davis Lt. Col. Timothy Eikenberg Allen Garman Bruce Gartner via Phone
Chantelle Green James Harkness Pilar Helm Natalie Henson Richard Jaramillo Patricia Keeton Walter Laun Megan Mohan, Esq. Mary O’Keeffe Sheila Oliver Sheila Rivers Col. Joseph Scott
Jennifer Stump Bradley Tanner Angela Voros
At 9:01 a.m. Chair Kathryn Thomson 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.
OPEN SESSION MAY 28, 2026 PAGE 2 OF 7
APPROVAL – OPEN SESSION MEETING MINUTES OF APRIL 30, 2026
Upon motion by Member Dontae Carroll and seconded by Member Cynthia D. Penny- Ardinger, the open session meeting minutes of the MDTA Board meeting held on April 30, 2026, were unanimously approved.
APPROVAL – CLOSED SESSION MEETING MINUTES OF APRIL 30, 2026
Upon motion by Member William H. Cox, Jr. and seconded by Member John F. von Paris, the closed session meeting minutes of the MDTA Board meeting held on April 30, 2026, were unanimously approved.
APPROVAL – OPEN SESSION MEETING MINUTES OF MAY 12, 2026
Upon motion by Member Cynthia D. Penny-Ardinger and seconded by Member Frank S. Waesche III, the open session meeting minutes of the MDTA Board meeting held on May 12, 2026, were unanimously approved.
APPROVAL – CLOSED SESSION MEETING MINUTES OF MAY 12, 2026
Upon motion by Member Dontae Carroll and seconded by Member Samuel D. Snead, the closed session meeting minutes of the MDTA Board meeting held on May 12, 2026, were unanimously approved.
APPROVAL – CONTRACT AWARDS
• MT-00211593 – FACILITY-WIDE HAZMAT DISPOSAL AND ABATEMENT SERVICES
Mr. Jeffrey Davis requested approval from the MDTA Board to execute contract MT- 00211593, Facility Wide Hazmat Disposal and Abatement Services with Kalyani Environmental Solutions LLC in a not-to-exceed amount of $2,000,000.00. Mr. Davis explained that MDTA received three bids and that this contract provides periodic decontamination, abatement and/or disposal of biological/medical/infectious hazards, hazardous materials, hazardous wastes (including universal wastes), unidentified wastes, regulated wastes and non-regulated/industrial wastes for MDTA’s facilities. Mr. Davis further explained that a Contract will be awarded in the not-to-exceed amount of $2,000,000.00 to the lowest responsive and responsible bidder, Kalyani Environmental Solutions LLC, a Maryland Certified Small Business. As this contract exceeds MDTA’s delegation, this will be presented at the next available Board of Public Works (BPW) meeting for approval. Upon motion by Member William H. Cox, Jr. and seconded by Member Samuel D. Snead, the Members unanimously gave approval for contract MT-00211593, Facility-Wide Hazmat Disposal and Abatement Services.
OPEN SESSION MAY 28, 2026 PAGE 3 OF 7
*** Member Maricela Cordova arrived to meeting room. She arrived late due to traffic ***
• CC-00211584 – ROAD RAKE MODEL 200T ROADWAY LITTER COLLECTOR
Mr. Jeffrey Davis requested approval from the MDTA Board to execute contract CC- 00211584, Road Rake Model 200T Roadway Litter Collector with H. Barber & Sons, Inc in the amount of $280,836.00. Mr. Davis explained that this contract is for the provision of three (3) Road Rake Roadway Litter Collection Machines. They will be used in the maintenance of MDTA roadways to remove debris and other road hazards, such as wood, mufflers, retreads, animal carcasses and other large debris. These Road Rake machines are unique in that they can safely operate at low speeds while maintaining traffic flow and have a large- capacity hopper with a hydraulic dumping mechanism. These features increase efficiency by enabling longer collection runs and reducing the frequency of returns to debris disposal locations. Mr. Davis further explained that this procurement is being pursued as a Sole Source procurement due to the specialized design and operational capabilities of the Road Rake equipment, which are not readily available from other manufacturers. The equipment’s ability to collect large roadway debris while minimizing lane closures and worker exposure to live traffic is critical to maintaining safe working conditions for personnel and the traveling public. Upon motion by Member Maricela Cordova and seconded by Member John F. von Paris, the Members unanimously gave approval for contract CC-00211584, Road Rake Model 200T Roadway Litter Collector.
UPDATE – ALL OPEN CONTRACTS
Mr. Jeffrey Davis presented the MDTA Board with a report on how many contracts are currently open with the MDTA. There are currently 235 contracts totaling $3,654,133,146.16.
APPROVAL – DISPOSITION – DISPOSITION MD24 AND MD924 PARK AND RIDE (MC #26-7052)
Ms. Sheila Rivers requested approval from the MDTA Board to dispose of the subject property (Parcel A and Parcel B) and to convey the property to Maryland Department of Transportation State Highway Administration (MDOT SHA) for a nominal fee of $1.00. Ms. Rivers explained that the former Woodsdale Development LLC (Parcel A) is located at 3502 Woodsdale Road, Abingdon, MD 21009 in Harford County and contains 3.613 acres, plus or minus. The former Michael F. Scheurman and Sheila L. Scheurman (Parcel B) is located at 3520 Woodsdale Road, Abingdon, MD 21009 in Harford County and contains 0.086 acres, plus or minus. The property was purchased for the I-95 Express Toll Lane (ETL) Section 200 Project. The project is completed and there are no additional needs for the property.
OPEN SESSION MAY 28, 2026 PAGE 4 OF 7
Upon motion by Member William H. Cox, Jr. and seconded by Member John F. von Paris, the Members unanimously gave approval to dispose of above stated property to the MDOT SHA.
APPROVAL – INVESTMENT COMMITTEE REPORT
Mr. Kevin Cullity requested approval from the MDTA Board for a continuation of the investment strategies and benchmarks for the current quarter.
Mr. Cullity explained that for the period ended March 31, 2026 that no changes in strategy or benchmarks are recommended. He stated that investments conformed to Investment Policy limitations and portfolio structuring by account adhered to board approved strategy. He further explained that strategy should remain consistent, despite short-term return volatility associated with the interest rate environment. Upon motion by Member John F. von Paris and seconded by Member Cynthia D. Penny-Ardinger, the Members unanimously approved a continuation of the investment strategies and benchmarks for the current quarter.
UPDATE – 3 rd QUARTER OPERATING BUDGET COMPARISON
Mr. Jeffrey Brown updated the MDTA Board on the third quarter Fiscal Year (FY) 2026 spending compared to the FY 2026 Amended Operating Budget.
Mr. Brown explained that as of March 31, 2026, 66% of the budget was spent compared to a target of 75%. All Object Codes were at or below budget spending levels except for Object 13. The seasonality of the expenses, the timing of invoices, and the cost pressures in IT and insurance heavily impacted third quarter performance.
UPDATE – 3 rd 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 March 31, 2026, 44.5% of the FY 2026 budget was spent as compared to the targeted spending level of 75%. The total budget for FY 2026 is $1.1 billion. The actual spending through the third quarter was $512.9 million. The Key Bridge Rebuild was at a 36.2% spend rate while the remaining projects in the CTP were at a cumulative spend rate of 56.5%. Ms. Stump further explained that twenty-eight (28) of the one hundred and two (102) projects budgeted in FY 2026 were within the acceptable spending limits of 50% to 100% (plus or minus 25% of the 75% target). Due to normal lags in invoicing, generally two months, a plus or minus 25% threshold was determined to be reasonable. Actual spending through the first quarter for ten projects with FY 2026 budgets over $10 million was $412 million.
OPEN SESSION MAY 28, 2026 PAGE 5 OF 7
UPDATE – CONSOLIDATED TRANSPORTATION PROGRAM (CTP)
Ms. Jennifer Stump updated the MDTA Board on the MDTA Consolidated Transportation Program (CTP) Process and an update on the additions to the capital program.
Ms. Stump explained that the CTP is MDTA’s six-year plan for the capital program and includes ongoing and new capital projects for a six-year period for MDTA facilities. The CTP is updated twice a year and brought to the Board Members for approval as a draft and then as the Final CTP. After approval of the Draft CTP by the Board Members, it is presented as part of the Maryland Department of Transportation (MDOT) CTP Tour to local elected officials and citizens throughout the State of Maryland for review and comment. It is then revised and submitted, after MDTA Board approval, as the Final CTP as part of the Governor’s budget to the Maryland General Assembly in January. This process is required by statute and applies to MDTA as well as the other MDOT business units. She further explained that the Fiscal Year (FY) 2027-2032 Draft CTP, to be presented at a future meeting for approval, will include eleven (11) new projects: Maryland I-Star; Network Hardware Replacement; Dynac Maintenance Contract FY 2027-2032; Maximo MAS9 Implementation; 10-Year Equipment Budget FY 2028-2037; Dispatch Console Replacement; Resurfacing Intercounty Connector Asphalt Pavement; Deck Replacement and Miscellaneous Structural Repairs of Bridge BCW602021 (Moravia Road over US-40); Retrofitting Access Openings for Fort McHenry Tunnel Box Girder Bridges; Rehabilitate and Re-line Sump Pump Drainage at Fort McHenry Tunnel; and Bay Bridge Replacement.
UPDATE – QUARTERLY UPDATE ON TRAFFIC AND REVENUE
Mr. Walter Laun updated the MDTA Board on the quarterly and year-to-date (YTD) update regarding traffic and toll revenue trends compared to the previous year and the forecast. Mr. Laun explained that this quarterly review looks at traffic and toll revenue trends and compares actual system-wide experience with traffic and toll revenue forecasts. CDM Smith tracks and evaluates the performance of traffic at the lane level and traffic and revenue collected on a cash basis. He further explained that for the period ending March 31, 2026 that total revenue collected and posted was below forecast by $9.0 million and E-ZPass revenue collected was above forecast by $1.3 million. In addition, Video Toll and Civil Penalty Fee payments totaling $20.1 million were received from the Central Collections Unit (CCU) in March 2026 but did not post to accounts due to a system update. Taking this timing difference into account, actual revenue would have been $11.2 million over forecast.
UPDATE – MDTA ANNUAL REPORT
Mr. Bradley Tanner updated the MDTA Board on the 2025 Annual Report. He explained that the Office of Communications and Marketing has been diligently working on an MDTA Annual Report for calendar year 2025.
OPEN SESSION MAY 28, 2026 PAGE 6 OF 7
Mr. Tanner further explained that the Annual Report transitioned to a more truncated “Annual Highlights” in 2020. However, last year it was decided to put in a long-term effort to bring back the Annual Report to publicize all the great MDTA accomplishments. He further explained that the Annual Report will be distributed digitally within MDTA and will be located on both the intranet and publicly available internet. Additionally, printed copies will be made available for the MDTA Board, leadership, and MDTA facilities.
UPDATE – EXECITIVE DIRECTOR’S REPORT
Mr. Bruce Gartner updated the Board on the following items: Memorial Day Weekend Travel Activity; MDTA Police's Annual Fallen Heroes Ceremony; National Police Week, Key Bridge Virtual Industry Forum; and the MDTA Annual Roadeo, Awards, and Expo. In addition, he previewed the following upcoming events: June 2 Committee Briefing on the FSK Rebuild and the June 18 Key Bridge Design-Build Industry Forum.
Mr. Gartner then turned the floor over to Mr. Richard Jaramillo who presented the Employee of the Quarter for the 1 st Quarter of 2026.
Ms. Sheila Oliver was recognized as the Employee of the Quarter for her exemplary customer service and integrity to the MDTA as well as her Leadership and ability to be a team player. Affectionately known as “Queenie”, she is described as a light that keeps her coworkers shining bright. Her kind words, caring heart, and helpful nature are the components that illuminate her brilliant personality and her commitment to teamwork and creativity help to maintain a healthy positive work environment. Ms. Oliver started her career at MDTA as a toll collector and has recently been promoted to the Customer and Revenue Associate (CARA) Lead position. She is currently leading her Northern Region E-ZPass team in a successful future.
VOTE TO GO INTO CLOSED SESSION
At 10:01 a.m., a motion was made by Member Samuel D. Snead and seconded by Member Maricela Cordova, the Members voted unanimously to move into Closed Session under the Maryland Open Meetings Act, the MDTA Board met in Closed Session under the General Provisions Article, Section 3-305(b)(8) to receive a status update on all litigation currently pending against the MDTA. In attendance for the Closed Session were Chair Kathryn Thomson; Members Carroll, Cordova, Cox, Penny-Ardinger, Rosen via phone, Snead, von Paris, and Waesche; Bruce Gartner via phone; Megan Mohan, Esq.; Natalie Henson, Pilar Helm, James Harkness, and Greg Brown.
OPEN SESSION MAY 28, 2026 PAGE 7 OF 7
VOTE TO ADJOURN CLOSED SESSION
At 10:43 a.m., a motion was made by Member William H. Cox, Jr. and seconded by Member Cynthia D. Penny-Ardinger, which was unanimously approved, to adjourn the Closed Session and return to Open Session. There were no actions taken in Closed Session that require ratification.
VOTE TO ADJOURN MEETING
There being no further business, upon motion by Member Maricela Cordova and seconded by Member John F. von Paris, the Members unanimously voted to adjourn the meeting at 10:46 a.m.
The next MDTA Board Meeting will be held on Thursday, June 25, 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:
_________________________________________ Kathryn Thomson, Chair
TAB 2
CLOSED SESSION MINUTES
VERBAL
TAB 3
Jeffrey S. Rosen Samuel D. Snead, MCP, MA John F. von Paris Frank S. Waesche III
MEMORANDUM
TO:
MDTA Board
FROM:
Director Planning and Program Development, Melissa Williams MDTA Facility Dedication Request - Bradshaw Road Bridge over I-95 Kingsville, MD
SUBJECT:
DATE:
June 25, 2026
PURPOSE OF MEMORANDUM To provide background information and a recommendation, pursuant to MDTA Board Policy A-MDT-STDR-0101, regarding the request by Delegate Kathy Szeliga District 7A and Delegate Ryan Nawrocki District 7A to dedicate the MDTA owned Bradshaw Road bridge over I-95 to the Kingsville Volunteer Fire Company. SUMMARY Since 1954, the Kingsville Volunteer Fire Company has provided steadfast and selfless service to communities, responding to emergencies, protecting lives and property, and serving as a trusted presence in times of need. This dedication has been carried out by volunteers who give their time and risk their safety in service to others. Currently, the company has over 100 members responding to over 1700 calls each year across White Marsh, Perry Hall, Long Green and Jacksonville. They also offer mutual aid assistance to Harford County, including Joppa, Joppatowne, Edgewood, Fallston and Bel Air. With a response rate usually at or above 95%, Kingsville consistently rates among the top responding companies in Baltimore County. Dedicating the Bradshaw Road Bridge over I-95 in honor of the Kingsville Volunteer Fire Company would serve as a lasting tribute to their commitment, sacrifice, and enduring impact on our community. It would also stand as a visible reminder to residents and travelers of the importance of volunteer service and civic responsibility.
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
MDTA Facility Dedication Request - Bradshaw Road Bridge over I-95 Kingsville, MD Page Two RECOMMENDATION MDTA Staff recommend approval of the request by Delegate Kathy Szeliga District 7A and Delegate Ryan Nawrocki District 7A to dedicate the MDTA owned Bradshaw Road bridge over I-95 to the Kingsville Volunteer Fire Company. ATTACHMENTS • Kingsville VFC Dedication Request Support Letter • Kingsville VFC Dedication Request Graphic
April 14, 2026
Sent Via Electronic Communication
Melissa Williams Director of Planning and Program Development Maryland Transportation Authority 2310 Broening Highway Baltimore, MD 21224
Re: Kingsville Volunteer Fire Company Overpass Dedication Request
Director Williams,
We are writing to respectfully request that the Bradshaw Road overpass be formally dedicated to the Kingsville Volunteer Fire Company.
Since 1954, the Kingsville Volunteer Fire Company has provided steadfast and selfless service to our communities, responding to emergencies, protecting lives and property, and serving as a trusted presence in times of need. This dedication has been carried out by volunteers who give their time and risk their safety in service to others. Currently, the company has over 100 members responding to over 1700 calls each year across White Marsh, Perry Hall, Long Green and Jacksonville. They also offer mutual aid assistance to Harford County, including Joppa, Joppatowne, Edgewood, Fallston and Bel Air. With a response rate usually at or above 95%, Kingsville consistently rates among the top responding companies in Baltimore County. Dedicating the Bradshaw Road overpass in honor of the Kingsville Volunteer Fire Company would serve as a lasting tribute to their commitment, sacrifice, and enduring impact on our community. It would also stand as a visible reminder to residents and travelers of the importance of volunteer service and civic responsibility.
Thank you for your time and thoughtful consideration of this request.
Delegate Kathy Szeliga
Delegate Ryan Nawrocki
District 7A
District 7A
Bradshaw Road Bridge Over I-95 Dedication to Kingsville Volunteer Fire Company
Westbound Bradshaw Road
Eastbound Bradshaw Road
N
TAB 4
Jeffrey S. Rosen Samuel D. Snead, MCP, MA John F. von Paris Frank S. Waesche III
MEMORANDUM
TO:
MDTA Board
FROM:
Director Planning & Program Development, Melissa Williams Thomas J. Hatem Memorial Bridge Detachment - Dedication Request Perryville, MD
SUBJECT:
DATE:
June 25, 2026
PURPOSE OF MEMORANDUM To provide background information and a recommendation, pursuant to MDTA Board Policy A-MDT-STDR-0101, regarding the request by Colonel Joseph F. Scott to dedicate the MDTA owned Thomas J. Hatem Memorial Bridge Detachment in Perryville, Maryland. SUMMARY It is requested that a dedication sign be placed at the Thomas J. Hatem Memorial Bridge Detachment located at 6000 Pulaski Highway Perryville, Maryland in memory of Officer Robert F. Pyles Sr. and Corporal Gregory J. Bednarek. Officer Robert F. Pyles Sr. was assigned to the Thomas J. Hatem Memorial Bridge Detachment. On September 18, 1986, Officer Pyles was wounded by gunfire while performing his duties while on patrol on the Thomas J. Hatem Memorial Bridge. He succumbed to his injuries on September 27, 1986. Officer Robert F. Pyles Sr. served 19 years to the citizens of the State of Maryland. Corporal Gregory J. Bednarek was also assigned to the Thomas J. Hatem Memorial Bridge. On November 9, 2020, Corporal Bednarek succumbed to complications from Covid-19. Corporal Gregory J. Bednarek served nearly 20 years to the citizens of the State of Maryland. This dedication sign is being requested to honor their sacrifices.
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
Thomas J. Hatem Memorial Bridge Detachment - Dedication Request Perryville, MD Page Two RECOMMENDATION MDTA Staff recommend approval of the request by Colonel Joseph F. Scott to dedicate the MDTA owned Thomas J. Hatem Memorial Bridge Detachment to Officer Robert F. Pyles Sr. and Corporal Gregory J. Bednarek. ATTACHMENTS • Hatem Bridge Detachment Dedication Request Support Letter • Hatem Bridge Detachment Dedication Request Graphic
MARYLAND TRANSPORTATION AUTHORITY POLICE
Special Report
Captain B. Lawrence
Date: March 6, 2025
To:
Lt. Paul Bruce #0612
From:
Subject: Dedication Sign Request
Requested Dedication:
It is being respectfully requested that a dedication sign be granted to be placed at the Thomas J. Hatem Memorial Bridge Detachment located at 6000 Pulaski Highway Perryville, MD 21903. It is requested for the sign be 4 ’ x4 ’ in size with the background being brown and the letters in white with both Officer ’ s names being on one sign. It is also requested that the location of the sign be parallel with Rte. 40 (Pulaski Highway) in front of the Hatem Police Station building in the grass with the wording facing the roadway. The location is to the right of the building while facing the building from Rte. 40 (your back to Rte. 40). If the sign is placed where requested, both east and westbound Rte. 40 traffic would be able to see the sign The second requested sign placement, if the first request is denied, would be in front of the side entrance to the Police Station in the rock garden or grass area. The sign would be constructed of the memorial highway colors and standing on two metal posts. I have attached a picture of a similar highway dedication sign as an example of what it would look like.
The below wording is requested:
In Memory of
Officer Robert F. Pyles Sr
Corporal Gregory J. Bednarek
Maryland Transportation Authority Police
Justification:
Officer Robert F. Pyles Sr. was assigned to the Thomas J. Hatem Memorial Bridge Detachment. On September 18, 1986, Officer Pyles was wounded by gun fire while performing his duties while on patrol on the Thomas J. Hatem Memorial Bridge. He succumbed to his injuries on September 27, 1986. Officer Robert F. Pyles Sr. served 19 years to the citizens of the State of Maryland.
69 – Revised 03/01/07
MARYLAND TRANSPORTATION AUTHORITY POLICE
Special Report
Corporal Gregory J. Bednarek was also assigned to the Thomas J. Hatem Memorial Bridge. On November 9, 2020, Corporal Bednarek succumbed to complications from Covid-19. Corporal Gregory J. Bednarek served nearly 20 years to the citizens of the State of Maryland.
This dedication sign is being requested to honor their sacrifice.
Respectfully Submitted,
Lt. Paul Bruce #0612 Commander – Thomas J. Hatem Memorial Bridge
69 – Revised 03/01/07
Hatem Police Building Dedicated to OFC Robert F. Pyles Sr. and CPL Gregory J. Bednarek
TAB 5
MEMORANDUM
TO:
MDTA Board
FROM: Director of Procurement, Jeffrey Davis, NIGP-CPP, CMPO SUBJECT: Contract Nos. AE-3159-0000 and AE-3160-0000 Under Contract No MDTA 2025-03 Electronic Toll Collection Services DATE: June 25, 2026 PURPOSE OF MEMORANDUM To seek approval from the MDTA Board to execute Contract Nos. AE-3159-0000 and AE-3160-0000 under Contract No MDTA 2025-03 Electronic Toll Collection Services. SUMMARY The Consultant shall provide services related to project management of contracts for tolling systems throughout Maryland. The services will be related to existing facilities as well as any future tolling facilities. The work shall include project management support, inspection, business analysis, financial analysis, traffic and revenue analysis, policy analysis, business analytics and applications of artificial intelligence in business systems, development and deployment of payment systems and modalities, industry standardization and certification collaboration, joint technology piloting, development of public-private partnerships, design, preliminary design, planning, benchmarking, cost estimation, construction management, public meeting support, RFP development, specifications development, schedule development and analysis, independent cost development, industry research, and any additional services related to toll systems and tolling. As this contract exceeds MDTA’s delegation, this will be presented at the next available BPW meeting for approval. RECOMMENDATION To provide approval to execute Contract Nos. AE-3159-0000 and AE-3160-0000. 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 2025-03 ELECTRONIC TOLL COLLECTION SERVICES
PIN NUMBER CONTRACT NUMBER CONTRACT TITLE
N/A MDTA 2025-03 ELECTRONIC TOLL COLLECTION SERVICES
PROJECT SUMMARY
The Consultant shall provide services related to project management of contracts for tolling systems throughout Maryland. The services will be related to existing facilities as well as any future tolling facilities. The work shall include project management support, inspection, business analysis, financial analysis, traffic and revenue analysis, policy analysis, business analytics and applications of artificial intelligence in business systems, development and deployment of payment systems and modalities, industry standardization and certification collaboration, joint technology piloting, development of public-private partnerships, design, preliminary design, planning, benchmarking, cost estimation, construction management, public meeting support, RFP development, specifications development, schedule development and analysis, independent cost development, industry research, and any additional services related to toll systems and tolling.
CONTRACT NUMBER
CONTRACT AMOUNT
PROPOSERS
SCHEDULE
June 13, 2025 August 12, 2026
ADVERTISEMENT DATE ANTICIPATED NTP DATE
$12,000,000.00 $8,000,000.00
Rummel, Klepper & Kahl, LLP AE-3159-0000 GFT Infrastructure, Inc. AE-3160-0000
Six (6) years
DURATION/TERM
Reynolds, Smith and Hills, Inc. Jacobs Engineering Group Inc.
N/A N/A
N/A N/A
PROTEST
YES
NO
FUNDING SOURCE 100% TOLL REVENUE
MBE PARTICIPATION AE-3159-0000
AE-3160-0000 ADVERTISED GOAL PROPOSED GOAL PROPOSED GOAL (%) (%) (%)
MBE PARTICIPATION - OVERALL
29%
32.00%
29.00%
7%
AFRICAN AMERICAN ASIAN AMERICAN HISPANIC AMERICAN WOMEN OWNED
7.00%
7.00%
12.00% 10.00%
10%
25.00%
1%
VSBE
1.00%
1.00%
MEMORANDUM
TO:
MDTA Board
FROM: Director of Procurement, Jeffrey Davis, NIGP-CPP, CMPO SUBJECT: Contract No. J01B6600044 – MDTA Motorola APX 6500 Enhanced Mobile Radios DATE: June 25, 2026 PURPOSE OF MEMORANDUM To seek approval from the MDTA Board to execute Contract No. J01B6600044 – MDTA Motorola APX 6500 Enhanced Mobile Radios. SUMMARY This procurement is for the purchase of Motorola APX 6500 enhanced mobile radio communications equipment, including warranties, for the MDTA Police. The equipment will support the MDTA Police's communication needs, ensuring efficient and reliable operations for law enforcement, and emergency response activities. The procurement was issued as a request for proposal (PORFP) under the Department of Information Technology (DoIT) Radio Communication 2018 Master Contract. It was advertised to eight (8) authorized Master Contractors who can provide Motorola products. Motorola Solutions, Inc. was the sole offeror. RECOMMENDATION To provide approval to execute Contract No. J01B6600044. 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 J01B6600044 - MDTA Motorola APX 6500 Enhanced Mobile Radios
Maryland Transportation Authority
PIN NUMBER
TBD
CONTRACT NUMBER CONTRACT TITLE
J01B6600044
MDTA Motorola APX 6500 Enhanced Mobile Radios
This procurement is for the purchase of Motorola APX 6500 enhanced mobile radio communications equipment, including warranties, for the MDTA Police. The equipment will support the MDTA Police's communication needs, ensuring efficient and reliable operations for law enforcement and emergency response activities.
PROJECT SUMMARY
ADVERTISED PROPOSED
GOAL (%)
GOAL (%)
SCHEDULE
MBE PARTICIPATION
OVERALL MBE
ADVERTISEMENT DATE ANTICIPATED NTP DATE DURATION (CALENDER DAYS)
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
4/9/2026 6/29/2026
AFRICAN AMERICAN ASIAN AMERICAN
81
VSBE
BID AMOUNT % VARIANCE
BID RESULTS
($)
TO EE
($)
ENGINEER'S ESTIMATE (EE)
Motorola Solutions, Inc.
$880,220.00
$852,742.00
-3.12%
YES
NO
☐
☑
BID PROTEST
MEMORANDUM
TO:
MDTA Board
FROM: Director of Procurement, Jeffrey Davis, NIGP-CPP, CMPO SUBJECT: Contract No. J01B6600045 - MDTA Motorola APX Next Portable Radios DATE: June 25, 2026
PURPOSE OF MEMORANDUM To seek approval from the MDTA Board to execute Contract No. J01B6600045 – MDTA Motorola APX Next Portable Radios. SUMMARY This procurement is for the purchase of Motorola APX Next portable radio communications equipment, including warranties, for the MDTA Police. The equipment will support the MDTA Police's communication needs, ensuring efficient and reliable operations for law enforcement and emergency response activities. The procurement was issued as a request for proposal (PORFP) under the Department of Information Technology (DoIT) Radio Communication 2018 Master Contract. It was advertised to eight (8) authorized Master Contractors who can provide Motorola products. Motorola Solutions, Inc. was the sole offeror. RECOMMENDATION To provide approval to execute Contract No. J01B6600045. 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 J01B6600045 - MDTA Motorola APX Next Portable Radios
Maryland Transportation Authority
PIN NUMBER
TBD
CONTRACT NUMBER CONTRACT TITLE
J01B6600045
MDTA Motorola APX Next Portable Radios
This procurement is for the purchase of Motorola portable radio communications equipment, including warranties, for the MDTA Police. The equipment will support the MDTA Police's communication needs, ensuring efficient and reliable operations for law enforcement and emergency response activities.
PROJECT SUMMARY
ADVERTISED PROPOSED
GOAL (%)
GOAL (%)
SCHEDULE
MBE PARTICIPATION
ADVERTISEMENT DATE ANTICIPATED NTP DATE DURATION (CALENDER DAYS)
OVERALL MBE
4/22/2026 6/29/2026
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
AFRICAN AMERICAN ASIAN AMERICAN
68
VSBE
BID AMOUNT % VARIANCE
BID RESULTS
($)
TO EE
($)
ENGINEER'S ESTIMATE (EE)
Motorola Solutions, Inc.
$7,569,850.00
$6,820,042.39
-9.91%
YES
NO
☐
☑
BID PROTEST
TAB 6
MEMORANDUM
TO:
MDTA Board
FROM:
Deputy Director Finance Allen Garman Maryland Aviation Administration Chief Tanya Wojtulewicz MDTA Board Resolution 26-02, PFC Financing and Refinancing
SUBJECT:
DATE:
June 25, 2026
PURPOSE OF MEMORANDUM To explain the purpose of Maryland Transportation Authority (MDTA) Board Resolution 26-02 for a BWI PFC (Passenger Facility Charge) revenue backed municipal financing and request board approval of delegated authority. The PFC revenue backed bonds are issued under a separate trust agreement and are solely secured by enplanement fees. The delegated authority updates the previously approved Resolution 26-01 to add partial refinancings of the Series 2012 and 2014 bonds for economic savings. The updated resolution continues to authorize the issuance of new Passenger Facility Charge (PFC) backed bonds to finance a portion of BWI Airport capital projects in fiscal 2027 and 2028. 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 and refinance portions of the Series 2012/2014 bonds for economic savings. The financing is expected during the second half of calendar 2026 and will be sized to account for the capital program, PFC revenues, bond premium, debt service reserve funding, capitalized interest, and costs 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
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
Resolution 26-02, Municipal Financing Page Two
• Concourse B Projects – Roof Replacement, Passenger Movement Modernization (Terminal Vestibule Doors, Elevators, Escalators, Moving Walkways) The projects and the PFC backed bonds are expected to receive approval from the Federal Aviation Administration in summer 2026. The $130 million limit contained in the resolution is based on forecasts submitted by the Maryland Aviation Administration (MAA). 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 26-02 contains the following limiting and reporting provisions: 1. Par Amount – Limited to $130 million. 2. Final Maturity Date, Refinancing Bonds – In compliance with IRS regulations, no later than the final June 1, 2034 maturity date of the Series 2014 bonds. 3. Bond Sale Date – No later than December 31, 2026. 4. Bond Sale Reports on Results – Provided by the Executive Director and CFO at the first Board meetings after the sale date. RECOMMENDATION Approve the Municipal Financing Resolution 26-02. ATTACHMENTS
• Series 2012A Amortization Table • Series 2014 Amortization Table • Series 2012A/2014 Refinancing Savings Example • Board Resolution 26-02, Municipal Financing
Resolution 26-02, Municipal Financing Page Three
MDTA PFC Series 2012A Bonds Period Pincipal
Coupon Interest
Debt Service Annual Debt Service
6/1/2012 12/1/2012 6/1/2013 12/1/2013 6/1/2014 12/1/2014 6/1/2015 12/1/2015 6/1/2016 12/1/2016 6/1/2017 12/1/2017 6/1/2018 12/1/2018 6/1/2019 12/1/2019 6/1/2020 12/1/2020 6/1/2021 12/1/2021 6/1/2022 12/1/2022 6/1/2023 12/1/2023 6/1/2024 12/1/2024 6/1/2025 12/1/2025 6/1/2026 12/1/2026 6/1/2027 12/1/2027 6/1/2028 12/1/2028 6/1/2029 12/1/2029 6/1/2030 12/1/2030 6/1/2031 12/1/2031 6/1/2032
235,872.50 235,872.50 1,179,362.50 1,179,362.50
235,872.50
1,795,000
4.00% 1,179,362.50 2,974,362.50
4,153,725.00
1,143,462.50 1,143,462.50
1,835,000
4.00% 1,143,462.50 2,978,462.50
4,121,925.00
1,106,762.50 1,106,762.50
1,870,000
4.00% 1,106,762.50 2,976,762.50
4,083,525.00
1,069,362.50 1,069,362.50
1,905,000
5.00% 1,069,362.50 2,974,362.50
4,043,725.00
1,021,737.50 1,021,737.50
1,965,000
5.00% 1,021,737.50 2,986,737.50
4,008,475.00
972,612.50 972,612.50
2,025,000
5.00% 972,612.50 2,997,612.50
3,970,225.00
921,987.50 921,987.50
2,085,000
5.00% 921,987.50 3,006,987.50
3,928,975.00
869,862.50 869,862.50
2,165,000
5.00% 869,862.50 3,034,862.50
3,904,725.00
815,737.50 815,737.50
2,255,000
5.00% 815,737.50 3,070,737.50
3,886,475.00
759,362.50 759,362.50
2,345,000
5.00% 759,362.50 3,104,362.50
3,863,725.00
700,737.50 700,737.50
2,440,000
5.00% 700,737.50 3,140,737.50
3,841,475.00
639,737.50 639,737.50
2,560,000
5.00% 639,737.50 3,199,737.50
3,839,475.00
575,737.50 575,737.50
2,690,000
5.00% 575,737.50 3,265,737.50
3,841,475.00
508,487.50 508,487.50
2,820,000
5.00% 508,487.50 3,328,487.50
3,836,975.00
437,987.50 437,987.50
2,965,000
5.00% 437,987.50 3,402,987.50
3,840,975.00
363,862.50 363,862.50
3,110,000
5.00% 363,862.50 3,473,862.50
3,837,725.00
286,112.50 286,112.50
3,265,000
4.00% 286,112.50 3,551,112.50
3,837,225.00
220,812.50 220,812.50
3,430,000
4.00% 220,812.50 3,650,812.50
3,871,625.00
152,212.50 152,212.50
3,600,000
4.13% 152,212.50 3,752,212.50
3,904,425.00
77,962.50 77,962.50
3,780,000 50,905,000
4.13% 77,962.50 3,857,962.50
3,935,925.00
Total
27,883,672.50 78,788,672.50 78,788,672.50
Resolution 26-02, Municipal Financing Page Four
2014 PFC Series 2014 Debt Service
Year Ending
Semiannual Debt Service
Annual Debt Service
Principal
Coupon
Interest
14,217,381 $1,335,454
6/1/2015 $620,000 3.000% $715,453.98
$1,335,454 780,772 2,175,772 752,872 2,202,872 723,872 2,228,872 686,247 2,266,247 646,747 2,306,747 605,247 2,350,247 561,622 2,391,622 515,872 2,440,872 467,747 2,487,747 437,447 2,517,447 404,947 2,549,947 370,091 2,585,091 334,097 2,619,097 294,109 2,659,109 252,722 2,702,722 209,847 2,744,847 163,900 2,788,900 111,400 2,841,400
12/1/2015
-
780,771.88 780,771.88 752,871.88 752,871.88 723,871.88 723,871.88 686,246.88 686,246.88 646,746.88 646,746.88 605,246.88 605,246.88 561,621.88 561,621.88 515,871.88 515,871.88 467,746.88 467,746.88 437,446.88 437,446.88 404,946.88 404,946.88 370,090.63 370,090.63 334,096.88 334,096.88 294,109.38 294,109.38 252,721.88 252,721.88 209,846.88 209,846.88 163,900.00 163,900.00 111,400.00 111,400.00 56,800.00 56,800.00
-
6/1/2016 1,395,000
4.000%
2,956,544
12/1/2016
-
-
6/1/2017 1,450,000
4.000%
2,955,744
12/1/2017
-
-
6/1/2018 1,505,000
5.000%
2,952,744
12/1/2018
-
-
6/1/2019 1,580,000
5.000%
2,952,494
12/1/2019
-
-
6/1/2020 1,660,000
5.000%
2,953,494
12/1/2020
-
-
6/1/2021 1,745,000
5.000%
2,955,494
12/1/2021
-
-
6/1/2022 1,830,000
5.000%
2,953,244
12/1/2022
-
-
6/1/2023 1,925,000
5.000%
2,956,744
12/1/2023
-
-
6/1/2024 2,020,000
3.000%
2,955,494
12/1/2024
-
-
6/1/2025 2,080,000
3.125%
2,954,894
12/1/2025
-
-
6/1/2026 2,145,000
3.250%
2,954,894
12/1/2026
-
-
6/1/2027 2,215,000
3.250%
2,955,181
12/1/2027
-
-
6/1/2028 2,285,000
3.500%
2,953,194
12/1/2028
-
-
6/1/2029 2,365,000
3.500%
2,953,219
12/1/2029
-
-
6/1/2030 2,450,000
3.500%
2,955,444
12/1/2030
-
-
6/1/2031 2,535,000
3.625%
2,954,694
12/1/2031
-
-
6/1/2032 2,625,000
4.000%
2,952,800
12/1/2032
-
-
6/1/2033 2,730,000
4.000%
2,952,800
12/1/2033
-
56,800
-
6/1/2034 2,840,000
4.000%
2,896,800
2,953,600
Total
$ 40,000,000
$
17,468,166.64 57,468,166.64 $ $ 57,468,166.64
Resolution 26-02, Municipal Financing Page Five
Current Refunding of Series 2012A - Series 2026B (AMT)
Refunded Debt Service
Maturity Date
Prior Debt Service
New Principal
New Interest
New Debt Service
Total Debt Service
Savings
6/1/2027 3,840,975 3,840,975 2,735,000 940,000 3,675,000 3,675,000 6/1/2028 3,837,725 3,837,725 2,870,000 803,250 3,673,250 3,673,250 6/1/2029 3,837,225 3,837,225 3,015,000 659,750 3,674,750 3,674,750 6/1/2030 3,871,625 3,871,625 3,200,000 509,000 3,709,000 3,709,000 6/1/2031 3,904,425 3,904,425 3,390,000 349,000 3,739,000 3,739,000 6/1/2032 3,935,925 3,935,925 3,590,000 179,500 3,769,500 3,769,500
165,975 164,475 162,475 162,625 165,425 166,425
6/1/2033 6/1/2034
0 0
0 0
0 0
0 0
0 0
0 0
0
0 18,800,000 3,440,500 22,240,500 22,240,500 987,400
Current Refunding of Series 2014 - Series 2026C (AMT)
Refunded Debt Service
Maturity Date
Prior Debt Service
New Principal
New Interest
New Debt Service
Total Debt Service
Savings
6/1/2027 2,955,181 588,219 6/1/2028 2,953,194 588,219
0 0
706,500 706,500 706,500 706,500
3,073,462 -118,281 3,071,475 -118,281
6/1/2029 2,953,219 2,953,219 2,075,000 706,500 2,781,500 2,781,500 6/1/2030 2,955,444 2,953,444 2,185,000 602,750 2,787,750 2,789,750 6/1/2031 2,954,694 2,954,694 2,290,000 493,500 2,783,500 2,783,500 6/1/2032 2,952,800 2,952,800 2,405,000 379,000 2,784,000 2,784,000 6/1/2033 2,952,800 2,952,800 2,525,000 258,750 2,783,750 2,783,750 6/1/2034 2,953,600 2,953,600 2,650,000 132,500 2,782,500 2,782,500
171,719 165,694 171,194 168,800 169,050
171,100 14,130,000 3,986,000 18,116,000 22,849,938 780,994
Combined Refunding of 2012A and 2014 Bonds
Refunded Debt Service
Prior Debt Service
New Debt Service
Maturity Date
New Principal
New Interest
Total Debt Service
Savings
6/1/2027 6,796,156 4,429,194 2,735,000 1,646,500 4,381,500 6,748,462 6/1/2028 6,790,919 4,425,944 2,870,000 1,509,750 4,379,750 6,744,725 6/1/2029 6,790,444 6,790,444 5,090,000 1,366,250 6,456,250 6,456,250 6/1/2030 6,827,069 6,825,069 5,385,000 1,111,750 6,496,750 6,498,750 6/1/2031 6,859,119 6,859,119 5,680,000 842,500 6,522,500 6,522,500 6/1/2032 6,888,725 6,888,725 5,995,000 558,500 6,553,500 6,553,500 6/1/2033 2,952,800 2,952,800 2,525,000 258,750 2,783,750 2,783,750 6/1/2034 2,953,600 2,953,600 2,650,000 132,500 2,782,500 2,782,500
47,694 46,194 334,194 328,319 336,619 335,225 169,050
171,100 32,930,000 7,426,500 40,356,500 45,090,438 1,768,394
M ARYLAND T RANSPORTATION A UTHORITY R ESOLUTION 26-02
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 ) REFUNDING CERTAIN OUTSTANDING OBLIGATIONS OF THE MDTA ISSUED FOR THE PURPOSE OF FINANCING AND REFINANCING THE ACQUISITION , CONSTRUCTION AND EQUIPPING OF CERTAIN AIRPORT FACILITY PROJECTS , ( III ) FUNDING DEBT SERVICE RESERVE FUNDS , AND ( IV ) 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 , AN ESCROW DEPOSIT AGREEMENT , 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 refunding certain outstanding revenue bonds issued for airport facilities; 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
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18-19 Page 20-21 Page 22-23 Page 24-25 Page 26-27 Page 28-29 Page 30-31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38-39 Page 40 Page 41 Page 42-43 Page 44 Page 45 Page 46-47 Page 48 Page 49 Page 50-51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 80-81 Page 82-83 Page 84-85 Page 86-87 Page 88-89 Page 90-91 Page 92 Page 93 Page 94 Page 95 Page 96 Page 97 Page 98 Page 99 Page 100 Page 101 Page 102 Page 103 Page 104 Page 105 Page 106 Page 107 Page 108 Page 109 Page 110 Page 111 Page 112 Page 113 Page 114 Page 115 Page 116 Page 117 Page 118 Page 119 Page 120 Page 121 Page 122 Page 123 Page 124 Page 125 Page 126 Page 127 Page 128 Page 129 Page 130 Page 131 Page 132-133 Page 134-135 Page 136-137 Page 138-139 Page 140 Page 141 Page 142 Page 143 Page 144 Page 145 Page 146Made with FlippingBook - professional solution for displaying marketing and sales documents online