Board of Airport Commissioners

5. RESOLUTION NO. - First Amendment to Contract DA-5531 with WJ Advisors LLC: To revise labor rate categories and corresponding rates, covering as-needed financial consulting services for Los Angeles World Airports\nPURPOSE: The purpose of the proposed action is to amend Contract DA-5531 with WJ Advisors LLC to revise labor rate categories to allow said firm to continue providing as-needed financial consulting services in support of various capital projects, financial strategies, and planned financings of Los Angeles World Airports.\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 II, Section 2.f of the Los Angeles City CEQA Guidelines; approve the First Amendment to Contract DA-5531 with WJ Advisors LLC to revise (a) the contract provision in Section 4 - Contractor's Fees for the Chief Financial Officer, or designee, to authorize requests to revise additional labor rate categories and corresponding rates, and (b) Exhibit B of the contract; and authorize the Chief Financial Officer, or designee, to execute said First Amendment after approval as to form by the City Attorney. (Tatiana Starostina)\n05 report