Board of Airport Commissioners

23. RESOLUTION NO. - Blanket Authority covering Binding Rate Agreement: With airlines and Los Angeles World Airports-approved airline consortiums using passenger terminals at Los Angeles International Airport\nPURPOSE: The purpose of the requested action is to adopt the 2023 Amended and Restated Rate Agreement effective July 1, 2023. Los Angeles World Airports and the signatory airlines have agreed, pursuant to Section 2 of the Rate Agreement, to amend and restate the current Amended and Restated Rate Agreement to make it consistent with the Amended Rate Methodology and to update certain terms in the current agreement.\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 (31) of the Los Angeles City CEQA Guidelines; approve the blanket authority for the Chief Executive Officer, or designee, to enter into a binding rate agreement with airlines and Los Angeles World Airports-approved airline consortiums using passenger terminals at Los Angeles international Airport, regarding certain Tariff charges through June 30, 2035; authorize the Chief Executive Officer, or designee, to execute said binding rate agreements regarding certain Tariff charges, after approval as to form by the City Attorney; and further authorize the Chief Executive Officer, or designee, to discontinue entering into prior Board-approved rate agreements as it is intended that the 2023 Amended and Restated Rate Agreement supersede prior rate agreements. (Tatiana Starostina)\n23 report