Los Angeles

Board of Airport Commissioners

March 07, 2024 Resolution #3

Agenda Item 3

RESOLUTION NO.      - Thirty-six (36) month Lease with E-Green Lending Inc., a California corporation:  Covering office space in the Los Angeles World Airports-owned Aviation Plaza, located at 16461 Sherman Way, Van Nuys, for estimated net revenue of $33,053 over the term \nPURPOSE: Staff request approval of the proposed lease with E-Green Lending Inc., a California corporation, for office space at Aviation Plaza. Approval of the lease will grow lease revenue for Los Angeles World Airports (LAWA), and will generate $33,053 in revenue for LAWA over the term. \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 (e) of the Los Angeles City CEQA Guidelines; find that the City's competitive bidding restrictions do not apply pursuant to Board Resolution 27530 whereby the Board of Airport Commissioners and the City Council found that it would be in the best interest of the City to contract with Colliers International Real Estate Management Services, Inc. for leasing services at Aviation Plaza; approve the Lease with E-Green Lending Inc., a California corporation; authorize the Chief Executive Officer, or designee, to execute said Lease after approval as to form by the City Attorney; and further approve appropriation of $2,473.59 for broker commissions and $5,700 for tenant improvements. (David Jones)\n03 Report \n4.