Board of Airport Commissioners

RESOLUTION NO.      - Five (5)-year Amended and Restated Lease with Mandeville Modular Inc., and Rental Rates:  Covering premises located at 39516 North 30th Street East, Palmdale, CA 93550, at the Palmdale landholdings of Los Angeles World Airports, for estimated revenue of $2,163,000 over the term \nPURPOSE: Staff request approval of the proposed Amended and Restated Lease to allow Mandeville Modular Inc. (Mandeville) to continue leasing the site to manufacture and construct residential and commercial modular units. Approval of the proposed lease will generate approximately $2,163,000 in revenue over the five (5)-year term for Los Angeles World Airports (LAWA) and reduce LAWA's expenses by transferring the maintenance obligation of the existing facility from LAWA to Mandeville. \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) of the Los Angeles City CEQA Guidelines; approve the Amended and Restated Lease with Mandeville Modular Inc.; further approve the rental rates for the land and building; and authorize the Chief Executive Officer, or designee, to execute said Amended and Restated Lease after approval as to form by the City Attorney. (David Jones)\n03 report \n4.