Board of Airport Commissioners

8. RESOLUTION NO. - Fourth Amendment to Terminal Facilities Lease and License Agreement LAA-9037 with American Airlines, Inc.: To update the premises to allow for use of temporary space and remove the limit on the amount of tenant renovations that Los Angeles World Airports can acquire prior to December 31, 2024, under said lease covering space in Terminals 4 and 5 at Los Angeles International Airport\nPURPOSE: Staff request approval of the proposed amendment to update the premises and eliminate the cap on tenant renovations that Los Angeles World Airports can purchase from American Airlines, Inc. (American) in Terminals 4 and 5 at Los Angeles International Airport (LAX) prior to December 31, 2024. Elimination of the cap does not increase the amended maximum acquisition amount of $1,613,400,000. The proposed amendment will also clarify future updates to American's preferential-use gates at LAX.\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) and Article II, Section 2.i of the Los Angeles City CEQA Guidelines; approve the Fourth Amendment to Terminal Facilities Lease and License Agreement LAA-9037 with American Airlines, Inc.; and authorize the Interim Chief Executive Officer, or designee, to execute said Fourth Amendment after approval by the Los Angeles City Council and approval as to form by the City Attorney. (David Jones)\n08 report