Port of LA

10. RESOLUTION NO. ____________ - APPROVE FIRST AMENDMENT TO REVOCABLE\nPERMIT NO. 21-14 WITH MORTIMER & WALLACE, LLC.\nSummary: Staff requests approval of the First Amendment to Revocable Permit No. 21-14 (RP\n21-14) with Mortimer & Wallace, LLC. (M&W), for the modification of language in “Section 3.\nEffective and Termination Dates” of the agreement. The proposed Amendment will remove RP\n21-14’s current expiration date of December 15, 2023, and enable RP 21-14 to continue on a\nmonth-to-month basis, subject to termination upon 30 days’ written notice. Other material terms\nof RP 21-14 will remain unchanged. M&W will continue paying monthly rent of $8,820.70 with\nannual increases based upon the greater of 2 percent or the change in the Consumer Price\nIndex (CPI) effective July 1 until a successor entitlement is executed.\nRecommendation: Board resolve to (1) find that the Director of Environmental Management has\ndetermined that the proposed action is categorically exempt from the requirements of the\nCalifornia Environmental Quality Act (CEQA) under Article III, Class 1(14) of the Los Angeles\nCity CEQA Guidelines; (2) approve the proposed First Amendment to Revocable Permit No. 21-\n14 with Mortimer & Wallace, LLC.; (3) authorize the Executive Director to execute and the Board\nSecretary to attest to the First Amendment to the Revocable Permit; and (4) adopt Resolution\nNo.____________.\nWaterfront & Commercial Real Estate