OPEN SESSION APRIL 24, 2025 PAGE 3 OF 5
• MT-00211389 – HVAC & ATC Maintenance Repairs – Central Region
Mr. Jeffrey Davis requested approval from the MDTA Board to execute Contract No. MT- 00211389 – HVAC & ATC Maintenance and Repairs at MDTA's Central Locations with Denver- Elek, Inc. in the amount of $2,232,717.50.
Mr. Davis explained the purpose for the HVAC and ATC systems management contract is to ensure ongoing operating conditions through timely maintenance and repairs.
Staff anticipate presenting this Contract at the May 7, 2025 BPW meeting.
Upon motion by Member William H. Cox, Jr. and seconded by Member Samuel D. Snead, the Members gave unanimous approval of Contract No. MT-00211389 – HVAC & ATC Maintenance and Repairs at MDTA's Central Locations.
• MT-00211392 – HVAC & ATC Maintenance Repairs – Intercounty Connector
Mr. Jeffrey Davis requested approval from the MDTA Board to execute Contract No. MT- 00211392 – HVAC & ATC Maintenance and Repairs at MDTA's Intercounty Connector Locations with Denver-Elek, Inc. in the amount of $1,029,298.00.
Mr. Davis explained the purpose for the HVAC and ATC systems management contract is to ensure ongoing operating conditions through timely maintenance and repairs.
Staff anticipate presenting this Contract at the May 7, 2025 BPW meeting.
Upon motion by Member Jeffrey S. Rosen and seconded by Member Maricela Cordova, the Members gave unanimous approval of Contract No. MT-00211392 – HVAC & ATC Maintenance and Repairs at MDTA's Intercounty Connector Locations.
APPROVAL – MDTA BOARD RESOLUTION 25-01 – SERIES 2025 BONDS
Mr. Allen Garman requested MDTA Board approval of MDTA Board Resolution 25-01 – Series 2025 Bonds.
Mr. Garman explained that the Municipal Financing Resolution authorizes the issuance of $600 million in bonds to finance capital projects for an approximately one-year period through Fiscal Year (FY) 2026. The financing is expected before December 31, 2025 and will be sized to account for the capital program, net operating revenues, bond premium, debt service reserve funding, and costs of issuance. The $600 million limit contained in the Resolution is based on the most recent official forecast approved by the MDTA Board in November 2024. More precise financing needs will be known in the coming months based on realized FY 2025 capital spending and updated information incorporated in the Consolidated Transportation Program (CTP) for FY 2026. It is expected that an amended resolution will be required to update the financing limit, but the first resolution is currently needed as
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