Board of Airport Commissioners

16. RESOLUTION NO. - Fourth Amendment to Terminal Facilities Lease and License Agreement LAA-8757 with Southwest Airlines Company: Covering space in Terminal 1 at Los Angeles International Airport, to provide rent credits not to exceed $6,393,000 over the lease term for costs associated with use of the baggage system located in said terminal that benefits the common use airlines at the airport\nPURPOSE: Staff request approval of the proposed amendment to provide rent credits to Southwest Airlines Company, up to $6,393,000, through June 30, 2024, for costs incurred operating and maintaining portions of the baggage system in Terminal 1 used by common use airlines. Approval of the action, and two other simultaneous requests to amend Air Canada's lease and Alaska Airlines' lease, is a critical component for Los Angeles World Airports to implement a single common use gate charge 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 II, Section 2.f and Article III, Class 1 (18)(c) of the Los Angeles City CEQA Guidelines; approve the Fourth Amendment to Terminal Facilities Lease and License Agreement LAA-8757 with Southwest Airlines Company; further approve authority to issue rent credits not to exceed $6,393,000 over the remaining term of said agreement; and authorize the Chief Executive Officer, or designee, to execute said Fourth Amendment after approval as to form by the City Attorney and approval by the Los Angeles City Council. (David Jones)\n16 report