Board of Airport Commissioners

1. RESOLUTION NO. - Thirty-eight (38)-month Lease with Innova Structural Design Group, Inc.: Covering office space in the Los Angeles World Airports-owned Aviation Plaza, located at 16461 Sherman Way, Van Nuys, for estimated net revenue of $49,831 over the term\nPURPOSE: Staff request approval of the proposed lease with Innova Structural Design Group, Inc. for space at Aviation Plaza at Van Nuys Airport. The Board of Airport Commissioners action will provide a thirty-eight (38)-month lease to a new tenant and increase rental income at the facility.\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 (e) of the Los Angeles City CEQA Guidelines; find that the City's competitive bidding restrictions do not apply pursuant to Resolution 27530 whereby the Board of Airport Commissioners and the City Council found that it would be in the best interest of the City to contract with Colliers International Real Estate Management Services, Inc. for leasing services at Aviation Plaza; approve the Lease with Innova Structural Design Group, Inc.; authorize the Chief Executive Officer, or designee, to execute said Lease after approval as to form by the City Attorney; and further approve appropriation of $9,710 for tenant improvements and $3,800.50 for broker commissions. (David Jones)\n01 report