Board of Airport Commissioners

RESOLUTION NO.      - Ground Lease with Southwest Airlines Co.:  For term of up to thirty (30) years, covering approximately 702,750 square feet of land at the northeast corner of the Central Terminal Area at Los Angeles International Airport, to allow for development and operation of Concourse 0, a new passenger concourse facility, for estimated revenue of $85,800,000 over the term, excluding annual rate adjustments \nPURPOSE: Los Angeles World Airports staff request approval of the proposed ground lease with Southwest Airlines Co. to allow for development and operation of Concourse 0 at Los Angeles International Airport. \nRECOMMENDATIONS: Adoption of the Report requesting that the Board of Airport Commissioners determine that this action is exempt from the California Environmental Quality Act (CEQA) pursuant to Article III, Class 1 (18)(c) and Article II, Section 2.i of the Los Angeles City CEQA Guidelines; find, pursuant to Charter Section 370(e)(10) and Administrative Code Section 10.15(a)(10), under the circumstances presented, that use of a competitive bidding process for construction of certain site improvements at the present time would be impractical and undesirable because certain site improvements cannot be constructed without significantly impacting the current Southwest Airlines Co. Terminal 1 operations; approve the Ground Lease with Southwest Airlines Co.; and authorize the Chief Executive Officer, or designee, to execute said Ground Lease after approval as to form by the City Attorney and approval by the Los Angeles City Council. (David Jones)\n15 report