Board of Airport Commissioners

RESOLUTION NO.      - Consent to Subconcession Agreement between Hudson-Magic Johnson Enterprises-Concourse Ventures LLC and Soto & Sanchez Investments Inc.:  And Consent to Subconcession Assignment Agreement between Soto & Sanchez Investments Inc. and AIR Soto & Sanchez, pursuant to Amended & Restated Concession Agreement LAA-8550A covering concession space in Terminal 5 at Los Angeles International Airport \nPURPOSE: Staff requests approval of both the proposed Consent to Subconcession Agreement and the proposed Consent to Subconcession Assignment Agreement to allow an Airport Concession Disadvantaged Business Enterprise (ACDBE) operator to retire and transfer ownership of his business to a new ACDBE operator. \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) of the Los Angeles City CEQA Guidelines; approve the Consent to Subconcession Agreement between Hudson-Magic Johnson Enterprises-Concourse Ventures LLC and Soto & Sanchez Investments Inc.; further approve the Consent to Subconcession Assignment Agreement between Soto & Sanchez Investments Inc. and AIR Soto & Sanchez; and authorize the Chief Executive Officer, or designee, to execute both the Consent to Subconcession Agreement and the Consent to Subconcession Assignment Agreement after approval as to form by the City Attorney. (David Jones)\n01 report \n2.