Airport Snow Removal Building Financing

At a glance

• What: Contracts and a capital lease for a new Snow Removal Equipment Building at Patrick Leahy Burlington International Airport, recommended by the Board of Finance.
• Status: Adopted as part of the consent agenda on July 13, 2026 (the consent agenda passed unanimously; Schachter moved, Barlow seconded).
• Next: The Director of Aviation executes the agreements after City Attorney review.

Amounts authorized

• Construction contract with Engelberth Construction, Inc.: up to $24,284,655.63, with a 3.3 percent contingency for up to $25,087,498.
• Construction oversight with Passero Associates, Inc.: up to $1,367,300, with a 3.3 percent contingency for up to $1,412,502.
• Lease/finance agreement with M&T Bank: $25,651,955.63, with a 3.3 percent contingency for up to $26,500,000, covering oversight and construction.
• The resolution also authorizes the Director of Aviation to take further actions and approve further instruments approved as to form by the City Attorney.

The minutes record no discussion; the item was not pulled from the consent agenda.

Sources

• Minutes, City Council, July 13, 2026: https://burlingtonvt.api.civicclerk.com/v1/Meetings/GetMeetingFileStream(fileId=20648)

Log

2026-07-13 - City Council

Consent item 6.15, resolution to enter into a capital lease purchase agreement with M&T Bank for airport improvements. Adopted with the consent agenda.