England Economic & Industrial Development District

April 23, 2026 Regular Session Meeting

ENGLAND ECONOMIC AND INDUSTRIAL DEVELOPMENT DISTRICT BOARD OF COMMISSIONERS

• A. Call to Order
• B. Invocation
• C. Pledge of Allegiance
• D. Roll Call
• E. Public Comments or Questions
• F. Active Items

1. Motion to approve the minutes of March 26, 2026, Regular Board meeting.
2. Motion to approve the minutes of April 20, 2026, Special Board meeting.
3. Presentation of Ucore update by Mr. Greg Montgomery, Plant Manager.
4. Motion to approve Payment in Lieu of Taxes (PILOT) Term Sheet related to Project Lightning, subject to final approval by Board of Commissioners of Cooperative Endeavor Agreement between England Economic and Industrial Development District and Applied Digital incorporating the approved PILOT Term Sheet.
5. To receive reports and recommendations from Admin / Legal Committee and Finance Committee to increase the annual salary of the Executive Director to $240,000.00, effective May 1, 2026.
6. Motion to approve Resolution Setting the Annual Salary of the Executive Director at $240,000.00 (Two Hundred Forty Thousand Dollars and Zero cents), effective May 1, 2026. April 23, 2026 Regular Session Meeting
7. Legislative update from Executive Director. ADDITIONS TO AGENDA (By unanimous vote)

• G. Comments by Legal Counsel
• H. Comments or Questions by Commissioners
• I. Comments by Executive Director
• J. Staff Reports – 1) Financial

2. Planning and Development
3. Economic Development
4. Air Traffic / Service

• K. Adjourn

1. Motion to approve the minutes of the January 22, 2026 Finance/Audit Committee meeting.
2. To receive recommendation from Admin / Legal Committee to increase the annual salary of the Executive Director to $240,000.00, effective May 1, 2026, and to make a recommendation to the Board of Commissioners at the next regular meeting regarding the proposed salary increase.

THE ENGLAND ECONOMIC AND INDUSTRIAL DEVELOPMENT DISTRICT BOARD OF COMMISSIONERS REGULAR BOARD MEETING April 23, 2026

The England Economic and Industrial Development District met in Regular Meeting in the EEIDD Board Room,

Mr. Oday Lavergne, Chair of the EEIDD, called the meeting to order at 4:00 p.m.

The England Economic and Industrial Development District was duly convened as the governing authority of said District by Mr. Oday Lavergne, Chair, who stated that the England Economic and Industrial Development District was ready for the transaction of business.

Present: Chair, Mr. Oday Lavergne, Vice-Chair, Mr. Jamar Gailes, Secretary/Treasurer, Mr. Steve Mansour, Mr. Joshua Dara, Sr., Mr. Myron Lawson, Jr., Mr. Joe McPherson, Mr. Patrick O’Quin and Mr. Zeb Winstead.

Absent: Mr. Trey Crump

MOTION TO APPROVE THE MINUTES OF MARCH 26, 2026, REGULAR BOARD MEETING. Motion by Mr. Steve Mansour, Second by Mr. Jamar Gailes to approve the minutes of the March 26, 2026, Regular Board Meeting.

MOTION TO APPROVE THE MINUTES OF APRIL 20, 2026, SPECIAL BOARD MEETING. Motion by Mr. Steve Mansour, Second by Mr. Jamar Gailes to approve the minutes of April 20, 2026, Special Board meeting.

Presentation of Ucore update by Mr. Greg Montgomery, Plant Manager.

Recognition of public officials, distinguished guests.

MOTION TO APPROVE RESOLUTION AUTHORIZING EXECUTION OF A TERM SHEET PROVIDING FOR A TAX INCENTIVE IN THE FORM OF A PAYMENT IN LIEU OF TAX (PILOT) AGREEMENT BETWEEN ENGLAND ECONOMIC AND INDUSTRIAL DEVELOPMENT DISTRICT AND APPLIED DIGITA CORPORATION, OR AN AFFILIATE THEREOF, IN ACCORDANCE WITH AND AS AUTHORIZED BY LOUISIANA REVISED STATUTE TITLE 33, CHAPTER 1, PART 4, SUBPART B -13 AND SECTIONS 991 THROUGH 1001, INCLUSIVE OF TITLE 39; PROVIDING FOR OTHER MATTERS IN CONNECTION WITH THE FOREGOING; AND TO FURTHER PROVIDE WHEN THIS RESOLUTION SHALL BECOME EFFECTIVE.

MOTION TO WAIVE READING OF THE FULL RESOLUTION AND ACCEPT THE RESOLUTION AS READ BY THE CAPTION BY THE CHAIR. Motion by Mr. Charlie Weems , Second by Mr. Zeb Winstead , to waive reading of the full resolution and accept the resolution as read by the caption by the Chair.

On vote, motion passed.

Presentation by Mr. Chris Massingil, Louisiana Central . Followed by questions and comments from Commissioners. Board of Commissioners Regular Session April 23, 2026

Motion by Mr. Jamar Gailes, Second by Mr. Zeb Winstead to approve resolution authorizing execution of a term sheet providing for a tax incentive in the form of a Payment in Lieu of Tax (PILOT) agreement between England Economic and Industrial Development District and Applied Digital Corporation, or an affiliate thereof, in accordance with and as authorized by Louisiana Revised Statute Title 33, Chapter 1, Part 4, Subpart B-13 and Sections 991-1001, inclusive of Title 39; providing for other matters in connection with the foregoing; and to further provide when this resolution shall become effective.

Upon Roll Call Vote, motion passes.

Yea (7): Dara, Gailes, Lawson, Mansour, McPherson, O’Quin. Winstead, Lavergne Nay (0): Abstain (1): Weems Absent (1): Crump

TO RECEIVE REPORTS AND RECOMMENDATIONS FROM ADMIN / LEGAL COMMITTEE AND FINANCE COMMITTEE TO INCREASE THE ANNUAL SALARY OF THE EXECUTIVE DIRECTOR TO $240,000.00, EFFECTIVE MAY 1, 2026.

Presentation by Mr. Matt Nowlin, Legal Counsel. Board recently completed its evaluation of the performance of the Executive Director. Board referred to the Admin / Legal Committee to evaluate. On April 9, 2026, the Admin / Legal Committee met and reviewed a number of documents, several salary studies that evaluated both the airport and the economic development side. After an Executive Session, the Admin / Legal Committee unanimously voted to recommend an increase of the Executive Director’s annual salary from $210,000.00 to $240,000.00, effective May 1, 2026. That referral was then sent to the Finance / Audit Committee who voted to accept the recommendation of the Admin / Legal Committee and to forward same to this board. Discussion followed.

MOTION TO APPROVE RESOLUTION SETTING THE ANNUAL SALARY OF THE EXECUTIVE DIRECTOR AT $240,000.00 (TWO HUNDRED FORTY THOUSAND DOLLARS AND ZERO CENTS), EFFECTIVE MAY 1, 2026. Motion by Mr. Steve Mansour, Second by Mr. Myron Lawson, Jr., to approve resolution setting the annual salary of the Executive Director at $240,000.00 (Two Hundred Forty Thousand Dollars and Zero Cents), effective May 1, 2026.

Upon Roll Call Vote, motion passes.

Yea (8): Dara, Gailes, Lawson, Mansour, O’Quin, Weems, Winstead, Lavergne Nay (1): McPherson Abstain (0): Absent (1): Crump

Legislative update from Executive Director : House Bill 2 (capital outlay). Submitted two projects. One was additional money to go toward the construction of the high bay maintenance hangar. That is in House Bill 2. Also submitted an application for 80,000 to 100,000 square feet of warehouse space. That did not make it into House Bill 2. However, Jay Luneau is working on adding it back into House Bill 2. House Bill 172 pertains to ARFF, taking ARFF firefighters and allowing them to get state supplemental pay. Hasn’t hit Board of Commissioners Regular Session April 23, 2026

committee yet. If it passes, it will then go to a vote of the public statewide. House Bill 730 pertains to ADS -B which is using technology that was initially implemented for aircraft tracking; would prohibit airports from using that data for invoicing aircraft for landing fees. Was defeated on the floor but has been added to two other bills, House Bill 715 and House Bill 1010, to try and get it back in the door. Senate Bill 436 looking at the Aviation Trust Fund and how those revenues are collected and transitioned into the Aviation Trust Fund. Trying to take a complicated process and streamline it into a simpler program that the state can use to generate an accurate amount of money to go to airports for airport development.

Comments from Legal Counsel: Will send link for Tier 2.1. Deadline is May 15, 2026.

Comments from Executive Director: May 21, 2026, is United’s inaugural flight. Million Air is hosting a dinner for the Board, certain staff, United reps on the evening of May 20, 2026. It will be at Diamond Grill. Then on May 21, 2026, we will have an event at the terminal for that first flight. First flight arrives around 3 p.m. and the first departure will be around 4 p.m. There is a handful of us who will be on the first departure flight and return that evening. On Thursday, May 28, 2026, immediately following our May board meeting, we are hosting the State of the Airpark event at the Community Center. We’re inviting our tenants, some others within the community. Ourselves, Million Air and CSI will host the event, during which I will give a State of the Airpark to our stakeholders. In the June meeting we will approve the budget. Summer will give you a few steps to think about, consider, in the months of May and June leading up to that. And then either the June or July meeting, we’re looking at having Deborah Lagos, who manages our sound mitigation program, come and give an update on the program itself, but also to explain our sound property reuse plan.

Financial Report (Summer Steiner) : 1% over budget on revenues. 7% under budget on expenses. Have completed $1.7 million in self -funded capital projects and purchased $380,000 in capital equipment and have not had to use any prior year’s earnings up to this point to make any of those payments because of our net income. Closed out two federal grants and two state grants on the Runway Safety Area project. In April, closed out the Terminal Security upgrade project.

Planning and Development Report (Scott Gammel): introduced new capital improvement plan spreadsheet for the airpark and airport. “living document” that can be changed from time to time. Nearing the end of the runway expansion; expect to open the second runway, 1836, around May 12 or May 13. LSU Flight School: February 2025 248 landings and 168 flight hours vs February 2026 435 landings and 256 flight hours.

Economic Development Report (David Broussard): Two parties interested in the hotel and the bistro. Did study for alternate uses to have potentially put out an RFQ or RFP. Big day for economic development, thanks to the board for voting for this historic step. Biochar project mentioned previously. Full steam ahead to go on our certified site by Union Tank Car. Received their LOI from LED with their incentive package. All things are a go. Hopefully will be able to bring more information to the board next month for final approval.

Air Traffic / Service Report (Leigh Ann Purvis): New slide layout for air service. All figures are for March unless otherwise noted. Data primarily comes from Delta and American station managers. Other data comes from DOT, which can lag up to 90 days. Served more than 18,300 commercial passengers last month (enplaned and deplaned). Record breaking enplanements for March 2026. Both American and Delta ended 2025 with above average monthly load factors. Cancellation rate remains low, barely 1%. With larger aircraft on the schedule, summer plans taking shape, and United re -entering the market, we look forward to sharing more positive news with you in the coming months. Scott and I will attend JumpStart in Chicago in June. Board of Commissioners Regular Session April 23, 2026

This is one of two annual meetings where we have the opportunity to schedule meetings with airlines to sit down and discuss opportunities.

Mr. Oday Lavergne adjourned the meeting at 6:26 p.m.

Oday Lavergne, Chair England Economic and Industrial Development District Board of Commissioners

Steve Mansour, Secretary/Treasurer England Economic and Industrial Development District Board of Commissioners