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Good morning, everyone.

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Morning!

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Good morning.

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Good morning and welcome

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to the Board of Airport

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Commissioners Special Meeting

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on July 9th, 2026.

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This meeting is now called

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to order at 10 a.m.

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Please call the roll.

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Commissioner Daniels.

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Here.

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Commissioner La Bau.

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Present.

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Commissioner Narro.

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Here.

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Commissioner Roxborough.

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Here.

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Commissioner Velasco.

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Vice President Aramayo.

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Present.

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President Johnson is absent.

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Thank you.

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Before anything else...

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I do want to welcome our new

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board member, Commissioner

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Daniels.

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Congratulations on your recent

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appointment.

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I know I speak for the board

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when I say we look forward

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to working with you, and I'd

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like to welcome you

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to share a few words,

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if you'd like.

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Thank you very much, Vice

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Chair, President Aramayo

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for allowing me a few minutes

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to introduce myself.

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Many people in...

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the significant part

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of my career started here.

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Honor.

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But first, I'd like to thank

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the mayor for having the trust

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to appoint me. It is not

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something that I sought, it

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sought me, but I look forward

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to working with,

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learning from the public, this

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is a different vantage point

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for where my background, you

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may not know, but I started my

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career as a civil rights

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attorney.

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I thought that would be all

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that I would do.

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I loved working with civil

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rights issues. Access the

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opportunity that led

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to legislative counsel for the

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DC public schools were

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educational policy and

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budgetary issues and

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through the quality

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of education for Urban children

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which led to me joining Marriott

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Corporation on behalf

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of the DC...

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to develop a career academy

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for those kids who are not

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going to be going college,

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to a career that would lead

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to opportunities

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in the hospitality industry.

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It led me to actually go

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to work for Marriott

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to develop their first

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National Minority Purchasing

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Program and will seem

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like desperate jobs, but

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for me, there was a consistent

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line that was creating

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opportunity for those who don't

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have our opportunities at a

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better future. The mission at

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Marriott, Marriott ended up

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buying that

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time Host International which

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was the largest concession in

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the US at the time.

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That led to me moving from DC

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to Santa Monica where I became

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an adult at national response

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major airports. The first in the

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country.

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I left Marriott, I left host

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to join Aramark, president

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of a division where I ran

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business in their

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K-12 and their college training

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program which led me

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to starting my own company...

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...Inc., based here in Los

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Angeles. 1996 we

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actually opened on Dr.

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Kingsburg of 1996, I mean

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January 6, 15, 1996, small

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facility

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on Bradley facility. We grew

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that business from one

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location to 50 locations in nine

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airports. That's because LAX

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gave me an opportunity. I

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learned a business really here

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at LAX.

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I learned a lot of things here

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at LAX and I hope that many of

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those learnings served me well

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as a commissioner.

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However, that was then and this

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is now.

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I realize my era at LAX

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standpoint

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of being an advocate sitting

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out where you sit is very

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different now in the role that

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I will play as a commissioner.

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I have to have a much broader

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perspective.

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I have to realize all

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of the various stakeholders,

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starting with the people,

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starting with the airlines,

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starting with all the people

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who make this airport such.

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I want to thank commissioners

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for their warm welcome.

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I've got a lot

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to learn.

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I plan to be a good team

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member.

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I plan to lean on my other

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commissioners

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to learn.

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I plan to work with this great

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staff to continue

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to make LAX a great airport.

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So, Vice Chair, Maya,

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Aramaya.

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Forgive me if I said it

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incorrectly.

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Thank you for the opportunity

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to say a few words.

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And, Commissioners, thank you

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for your warm welcome.

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Thank you.

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The Board will now hold its

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annual election

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of officers pursuant to City

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Charter Section 503A.

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Could we please hear

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nominations for the position

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of President?

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I will make a motion.

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Thank you.

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Thank you, Commissioner

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La Bau.

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I'll second it.

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Thank you.

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A second from Commissioner

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Roxborough.

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Are there further nominations

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for that position?

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Did you nominate Matt

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Johnson?

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Yeah, Matt Johnson.

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Thank you.

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I wanted to make sure.

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Hearing no other nominations,

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could I please have a motion

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to approve President Matt

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Johnson?

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I will make the motion, yes.

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Thank you, Commissioner

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La Bau.

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Second?

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Second.

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Thank you, Commissioner

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Roxborough.

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All those in favor,

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please say aye.

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Aye.

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Any opposed?

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The ayes have it.

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I'd now like

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to take nominations

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for the position

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of vice president.

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I would like

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to nominate the awesome

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Vanessa Aramayo.

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Second.

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Thank you, Commissioner

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Narro, and thank you,

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Commissioner Velasco.

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Are there any further

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nominations

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for that position?

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Hearing none, I have a motion

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to approve the nomination

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from Commissioner...

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I'll make that motion.

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...Narro, thank you,

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and the second from

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Commissioner Velasco. All those

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in favor, please say aye.

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Aye.

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Any opposed?

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The ayes have it.

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Thank you very much,

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Commissioners,

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for your trust.

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I look forward to continuing

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to work alongside you and the

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Los Angeles World Airport.

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In President Johnson's absence,

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I will provide the opening

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remarks and chair today's

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meeting.

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Earlier this morning, several

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commissioners joined members of

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the LAWA team and our airline

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partners for this year's LAX

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Fly Quieter Awards.

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The Fly Quieter program, now

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in its sixth year, is an

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education and recognition

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program designed to encourage

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quieter airline operations

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by commercial air carriers

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at LAX.

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Representatives from these

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airlines who you were

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recognized

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at the ceremony this morning,

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are here with us today.

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And CEO Ackerman will go

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into this in a bit

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for more detail

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during his management report.

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But for now, I'd like

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to invite the honorees to stand

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and receive acknowledgement

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for their efforts.

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Congratulations again,

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and thank you for your work.

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When we last met,

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a few short weeks ago, our city

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and our airports were just

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beginning to welcome the world

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for the FIFA World Cup.

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Today we are nearing the

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conclusion

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of the tournament here

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in our city and I want

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to thank, I want

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to take a moment to recognize

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the extraordinary effort that

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has gone

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into making this a success here

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at the airport.

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I want to thank the LAWA

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team, our airline and airport

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partners, the federal agencies,

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the first responders,

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volunteers,

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and everyone who has worked

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tirelessly and often

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behind the scenes to ensure the

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airports have remained safe,

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secure, welcoming, and

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efficient throughout the entire

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tournament.

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Your professionalism has been

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on full display, and you have

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represented both our airports

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and our city exceptionally

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well.

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As visitors begin their

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journeys home or

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on the next round

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of tournament

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over the coming days,

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we can all take pride in the

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role our airports have played

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in helping Los Angeles shine

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on the world stage.

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Moving on, just a few days ago

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we also celebrated the 4th of

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July.

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While many of us had the

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opportunity to spend time

304
00:08:52,000 --> 00:08:54,000
with family and friends, we all

305
00:08:54,000 --> 00:08:55,000
know that our airports never

306
00:08:55,000 --> 00:08:56,000
close.

307
00:08:56,000 --> 00:08:58,000
Holidays are often our busiest

308
00:08:58,000 --> 00:08:59,000
travel periods and that means

309
00:08:59,000 --> 00:09:00,000
thousands

310
00:09:00,000 --> 00:09:01,000
of dedicated employees are

311
00:09:01,000 --> 00:09:02,000
on the job.

312
00:09:02,000 --> 00:09:04,000
Keeping operations running,

313
00:09:04,000 --> 00:09:05,000
assisting passengers,

314
00:09:05,000 --> 00:09:07,000
maintaining our facilities,

315
00:09:07,000 --> 00:09:08,000
ensuring public safety,

316
00:09:08,000 --> 00:09:09,000
and supporting every aspect

317
00:09:09,000 --> 00:09:11,000
of airport operations.

318
00:09:12,000 --> 00:09:13,000
To all our frontline employees

319
00:09:13,000 --> 00:09:14,000
and airport partners who

320
00:09:14,000 --> 00:09:15,000
worked...

321
00:09:15,000 --> 00:09:16,000
through the holiday weekend,

322
00:09:16,000 --> 00:09:18,000
thank you.

323
00:09:18,000 --> 00:09:19,000
Your commitment and

324
00:09:19,000 --> 00:09:20,000
professionalism allow millions

325
00:09:20,000 --> 00:09:21,000
of travelers to safely reach

326
00:09:21,000 --> 00:09:23,000
their destinations regardless

327
00:09:23,000 --> 00:09:26,000
of the day on the calendar.

328
00:09:26,000 --> 00:09:27,000
Finally, I'd like

329
00:09:27,000 --> 00:09:29,000
to acknowledge that President

330
00:09:29,000 --> 00:09:30,000
Johnson is not

331
00:09:30,000 --> 00:09:31,000
with us today due

332
00:09:31,000 --> 00:09:33,000
to a recent and unexpected loss

333
00:09:33,000 --> 00:09:35,000
in his family.

334
00:09:35,000 --> 00:09:36,000
Our hearts are

335
00:09:36,000 --> 00:09:37,000
with him and his loved ones

336
00:09:37,000 --> 00:09:38,000
during this extremely difficult

337
00:09:38,000 --> 00:09:39,000
time.

338
00:09:39,000 --> 00:09:40,000
On behalf of the Board of

339
00:09:40,000 --> 00:09:41,000
Airport Commissioners and

340
00:09:41,000 --> 00:09:43,000
everyone at LAWA, we extend our

341
00:09:43,000 --> 00:09:44,000
deepest condolences and

342
00:09:44,000 --> 00:09:45,000
support.

343
00:09:45,000 --> 00:09:47,000
Please join me in observing a

344
00:09:47,000 --> 00:09:48,000
brief moment of silence

345
00:09:48,000 --> 00:09:50,400
for the Johnson family.

346
00:09:59,000 --> 00:10:01,000
Thank you.

347
00:10:07,000 --> 00:10:08,000
And now I'd like to move

348
00:10:08,000 --> 00:10:10,400
to CEO Ackerman's management

349
00:10:11,000 --> 00:10:12,000
report and update.

350
00:10:12,000 --> 00:10:14,000
Mr. Ackerman?

351
00:10:14,000 --> 00:10:15,000
Thank you very much, Vice

352
00:10:15,000 --> 00:10:17,000
President Aramayo.

353
00:10:17,000 --> 00:10:18,000
I'm going to start my update

354
00:10:18,000 --> 00:10:20,000
with our key report indicators.

355
00:10:20,000 --> 00:10:21,000
It's, again, a snapshot

356
00:10:21,000 --> 00:10:22,000
of our performance at LAX and

357
00:10:22,000 --> 00:10:24,000
VNY, in this case, May and

358
00:10:24,000 --> 00:10:25,000
June.

359
00:10:25,000 --> 00:10:27,000
Overall revenue is up 3%

360
00:10:27,000 --> 00:10:28,000
compared to last year, with

361
00:10:28,000 --> 00:10:30,400
parking revenue up strongly 4%.

362
00:10:31,000 --> 00:10:32,000
Cargo continues

363
00:10:32,000 --> 00:10:33,000
to perform well,

364
00:10:33,000 --> 00:10:35,000
increasing 12% year

365
00:10:35,000 --> 00:10:36,000
over year.

366
00:10:36,000 --> 00:10:38,000
And our ASQ cleanliness scores

367
00:10:38,000 --> 00:10:39,000
improved this month, reflecting

368
00:10:39,000 --> 00:10:41,000
the dedication and the hard

369
00:10:41,000 --> 00:10:42,000
work of our custodial team.

370
00:10:42,000 --> 00:10:43,000
And as we reach the two-year

371
00:10:43,000 --> 00:10:44,000
countdown

372
00:10:44,000 --> 00:10:45,000
to the opening ceremony, again,

373
00:10:45,000 --> 00:10:47,000
two years to the Olympics, we

374
00:10:47,000 --> 00:10:48,000
continue to invest in the

375
00:10:48,000 --> 00:10:50,000
people and preparations needed

376
00:10:50,000 --> 00:10:52,000
to support this historic event.

377
00:10:52,000 --> 00:10:53,000
Our ambassadors are working

378
00:10:53,000 --> 00:10:54,000
to ensure our airports are

379
00:10:54,000 --> 00:10:55,000
ready to welcome the world

380
00:10:55,000 --> 00:10:57,000
every day.

381
00:10:58,000 --> 00:10:59,000
As Vice President Aramayo

382
00:10:59,000 --> 00:11:00,000
mentioned, this morning we

383
00:11:00,000 --> 00:11:01,000
recognized representatives

384
00:11:01,000 --> 00:11:02,000
from nine major airlines

385
00:11:02,000 --> 00:11:03,000
at LAX for their efforts

386
00:11:03,000 --> 00:11:04,000
to reduce noise

387
00:11:04,000 --> 00:11:05,000
from aircraft operations as

388
00:11:05,000 --> 00:11:06,000
part of LAWA's Fly Quieter

389
00:11:06,000 --> 00:11:08,000
program.

390
00:11:08,000 --> 00:11:09,000
You can see their logos up

391
00:11:09,000 --> 00:11:10,000
on the screen.

392
00:11:10,000 --> 00:11:11,000
These airlines are rated

393
00:11:11,000 --> 00:11:12,000
in performance, rated

394
00:11:12,000 --> 00:11:13,000
in accordance

395
00:11:13,000 --> 00:11:15,000
with five scoring elements and

396
00:11:15,000 --> 00:11:16,000
within three categories based

397
00:11:16,000 --> 00:11:17,000
on the number

398
00:11:17,000 --> 00:11:18,000
of average daily operations

399
00:11:18,000 --> 00:11:20,000
at LAX.

400
00:11:20,000 --> 00:11:21,000
The Fly Quieter program is also

401
00:11:21,000 --> 00:11:23,000
the first commercial airport

402
00:11:23,000 --> 00:11:24,000
fly quiet program in the nation

403
00:11:24,000 --> 00:11:25,000
that allows airlines

404
00:11:25,000 --> 00:11:26,000
to earn additional bonus points

405
00:11:26,000 --> 00:11:28,000
for voluntarily using noise

406
00:11:28,000 --> 00:11:29,000
mitigating technology on

407
00:11:29,000 --> 00:11:31,000
aircraft and importantly

408
00:11:32,000 --> 00:11:33,000
engaging with community and

409
00:11:33,000 --> 00:11:34,000
stakeholders such as

410
00:11:34,000 --> 00:11:35,000
participating in the LAX

411
00:11:35,000 --> 00:11:37,000
Community Noise Roundtable.

412
00:11:38,000 --> 00:11:39,000
We heard this morning that

413
00:11:39,000 --> 00:11:40,000
because of the efforts

414
00:11:40,000 --> 00:11:41,000
of a couple

415
00:11:41,000 --> 00:11:42,000
of these airlines, we have had

416
00:11:42,000 --> 00:11:43,000
airline representatives

417
00:11:43,000 --> 00:11:45,000
at 100% of our community

418
00:11:45,000 --> 00:11:46,000
meetings,

419
00:11:46,000 --> 00:11:48,000
you know, talking to neighbors

420
00:11:48,000 --> 00:11:49,000
about the impact they have and

421
00:11:49,000 --> 00:11:50,000
explaining, you know,

422
00:11:50,000 --> 00:11:51,000
from the airline and from an

423
00:11:51,000 --> 00:11:52,000
actual pilot's perspective,

424
00:11:52,000 --> 00:11:53,000
you know, what they're doing

425
00:11:53,000 --> 00:11:55,000
to make less impact

426
00:11:55,000 --> 00:11:56,000
on the neighbors.

427
00:11:56,000 --> 00:11:57,000
So, we're really grateful to the

428
00:11:57,000 --> 00:11:58,000
airlines that helped us get

429
00:11:58,000 --> 00:12:00,400
to 100 percent this year.

430
00:12:01,000 --> 00:12:03,000
As of July 1st, all critical

431
00:12:03,000 --> 00:12:05,000
LAX facilities are powered

432
00:12:05,000 --> 00:12:07,000
by receiving station X,

433
00:12:07,000 --> 00:12:09,000
also known as RSX.

434
00:12:09,000 --> 00:12:11,000
This project is a partnership

435
00:12:11,000 --> 00:12:13,000
between LAWA and LADWP, and

436
00:12:13,000 --> 00:12:14,000
it's been years and literally

437
00:12:14,000 --> 00:12:16,000
years in the making.

438
00:12:16,000 --> 00:12:17,000
And it's aimed at addressing

439
00:12:17,000 --> 00:12:18,000
the persistent power

440
00:12:18,000 --> 00:12:20,000
reliability, redundancy, and

441
00:12:20,000 --> 00:12:21,000
capacity issues that we've

442
00:12:21,000 --> 00:12:23,000
suffered for years at LAX.

443
00:12:23,000 --> 00:12:24,000
And as a result

444
00:12:24,000 --> 00:12:25,000
of this effort, we now have a

445
00:12:25,000 --> 00:12:26,000
dedicated, state-of-the-art,

446
00:12:26,000 --> 00:12:28,000
high-quality, reliable, and

447
00:12:29,000 --> 00:12:31,000
resilient power system that has

448
00:12:31,000 --> 00:12:32,000
sufficient capacity.

449
00:12:32,000 --> 00:12:34,000
This project was completed

450
00:12:34,000 --> 00:12:35,000
over several years, all without

451
00:12:35,000 --> 00:12:37,000
serious injury or mishap.

452
00:12:37,000 --> 00:12:38,000
And that's thanks

453
00:12:38,000 --> 00:12:40,000
to the hundreds of LAWA, LADWP,

454
00:12:40,000 --> 00:12:41,000
you know, city family

455
00:12:41,000 --> 00:12:42,000
contractors and partners who

456
00:12:42,000 --> 00:12:43,000
planned, engineered, and

457
00:12:43,000 --> 00:12:45,000
constructed,

458
00:12:45,000 --> 00:12:46,000
and commissioned this project.

459
00:12:46,000 --> 00:12:47,000
And if I'm not mistaken, this

460
00:12:47,000 --> 00:12:49,000
is the first receiving station

461
00:12:49,000 --> 00:12:51,000
that has been built in Los

462
00:12:51,000 --> 00:12:53,000
Angeles in more than 30 years.

463
00:12:53,000 --> 00:12:55,000
We were with very senior DWP

464
00:12:55,000 --> 00:12:57,000
leaders a few months ago

465
00:12:57,000 --> 00:12:58,000
at the facility,

466
00:12:58,000 --> 00:13:00,000
and they had been

467
00:13:00,000 --> 00:13:02,000
at the agency

468
00:13:02,000 --> 00:13:03,000
for more than three decades,

469
00:13:03,000 --> 00:13:04,000
and this is the first receiving

470
00:13:04,000 --> 00:13:06,000
station that they had seen.

471
00:13:06,000 --> 00:13:07,000
So we're proud

472
00:13:07,000 --> 00:13:09,000
to build it here.

473
00:13:09,000 --> 00:13:11,000
World Cup festivities.

474
00:13:11,000 --> 00:13:12,000
Commissioner Aramayo also

475
00:13:12,000 --> 00:13:13,000
mentioned our vital role

476
00:13:13,000 --> 00:13:15,000
in shaping the first impression

477
00:13:15,000 --> 00:13:16,000
of the city for millions

478
00:13:16,000 --> 00:13:17,000
of global visitors,

479
00:13:17,000 --> 00:13:18,000
and in recognition

480
00:13:18,000 --> 00:13:19,000
of the teamwork that went

481
00:13:19,000 --> 00:13:21,000
into preparing for the 2026

482
00:13:21,000 --> 00:13:22,000
World Cup, we provided select

483
00:13:22,000 --> 00:13:24,000
employees the chance

484
00:13:24,000 --> 00:13:25,000
to be a part

485
00:13:25,000 --> 00:13:26,000
of the excitement firsthand.

486
00:13:26,000 --> 00:13:27,000
Eligible employees were invited

487
00:13:27,000 --> 00:13:28,000
to participate in a raffle

488
00:13:28,000 --> 00:13:29,000
for exclusive World Cup

489
00:13:29,000 --> 00:13:30,000
experiences,

490
00:13:30,000 --> 00:13:31,000
including admission

491
00:13:31,000 --> 00:13:32,000
to the official FIFA Fan

492
00:13:32,000 --> 00:13:34,000
Festival at the Coliseum.

493
00:13:34,000 --> 00:13:36,000
And additionally, our HR team

494
00:13:36,000 --> 00:13:37,000
hosted a special celebration

495
00:13:37,000 --> 00:13:40,000
for the World Cup World Round

496
00:13:40,000 --> 00:13:42,000
32 watch party and our brand

497
00:13:42,000 --> 00:13:43,000
new break room and patio area

498
00:13:43,000 --> 00:13:44,000
on the fifth floor

499
00:13:44,000 --> 00:13:45,000
of this building.

500
00:13:45,000 --> 00:13:46,000
Members of Team LAWA enjoyed a

501
00:13:46,000 --> 00:13:48,000
rooftop tailgate, snacks,

502
00:13:49,000 --> 00:13:52,000
and got some of the matches on

503
00:13:52,000 --> 00:13:53,000
big screen TVs and gave

504
00:13:53,000 --> 00:13:56,000
everybody a front row feel.

505
00:13:56,000 --> 00:13:58,000
And we deliberately purchased

506
00:13:58,000 --> 00:13:59,000
tickets to this event and we

507
00:13:59,000 --> 00:14:01,000
sent our employees because our

508
00:14:01,000 --> 00:14:03,000
employees are what made us so

509
00:14:03,000 --> 00:14:04,000
successful.

510
00:14:04,000 --> 00:14:05,000
And what really made this

511
00:14:05,000 --> 00:14:07,000
airport show so well as the

512
00:14:07,000 --> 00:14:08,000
world came in.

513
00:14:08,000 --> 00:14:09,000
So, we sent our own employees

514
00:14:09,000 --> 00:14:11,000
to the event.

515
00:14:12,000 --> 00:14:13,000
Last weekend, Team LAWA

516
00:14:13,000 --> 00:14:15,000
celebrated America's 250th

517
00:14:15,000 --> 00:14:16,000
birthday by marching

518
00:14:16,000 --> 00:14:17,000
in the LAX Coastal Chamber of

519
00:14:17,000 --> 00:14:19,000
Commerce Westchester Fourth

520
00:14:19,000 --> 00:14:20,000
of July Parade.

521
00:14:20,000 --> 00:14:22,000
LAWA entry featured the airport

522
00:14:22,000 --> 00:14:23,000
affairs team along with LAX

523
00:14:23,000 --> 00:14:26,000
Pups and the Airport Police's

524
00:14:26,000 --> 00:14:27,000
Bearcat Motors Unit and Cadets.

525
00:14:27,000 --> 00:14:29,400
The Greater San Fernando

526
00:14:30,000 --> 00:14:32,000
Valley Chamber it Chambers

527
00:14:32,000 --> 00:14:33,000
Hats Off Gala VNYs' Airport

528
00:14:33,000 --> 00:14:35,000
was honored with the Captains

529
00:14:35,000 --> 00:14:37,000
of Industry Aviation Award,

530
00:14:37,000 --> 00:14:38,000
recognizing its leadership and

531
00:14:38,000 --> 00:14:39,000
continued impact on the

532
00:14:39,000 --> 00:14:41,000
region's aviation industry.

533
00:14:41,000 --> 00:14:43,000
Its prestigious recognition

534
00:14:43,000 --> 00:14:44,000
highlights VNYs' commitment

535
00:14:44,000 --> 00:14:46,000
to operational excellence,

536
00:14:46,000 --> 00:14:47,000
community partnership,

537
00:14:47,000 --> 00:14:48,000
and its vital role

538
00:14:48,000 --> 00:14:49,000
in supporting families in the

539
00:14:49,000 --> 00:14:51,000
San Fernando Valley.

540
00:14:51,000 --> 00:14:53,000
Congratulations to the entire

541
00:14:53,000 --> 00:14:54,000
VNYs' team

542
00:14:54,000 --> 00:14:56,400
on this well-deserved honor.

543
00:14:57,000 --> 00:14:58,000
All while marked an exciting

544
00:14:58,000 --> 00:15:00,000
milestone for the Airfield and

545
00:15:00,000 --> 00:15:01,000
Terminal Modernization

546
00:15:01,000 --> 00:15:03,000
Program, or ATMP as we lovingly

547
00:15:03,000 --> 00:15:05,000
call it, with the completion

548
00:15:05,000 --> 00:15:06,000
of the ATMP Showroom.

549
00:15:06,000 --> 00:15:07,000
It's a new space designed to

550
00:15:07,000 --> 00:15:09,000
showcase the vision and the

551
00:15:09,000 --> 00:15:10,000
impact of this project

552
00:15:10,000 --> 00:15:11,000
on the neighborhood.

553
00:15:11,000 --> 00:15:13,000
Located next door at Skyview

554
00:15:13,000 --> 00:15:14,000
South, the showroom serves as

555
00:15:14,000 --> 00:15:16,000
an interactive hub where team

556
00:15:16,000 --> 00:15:17,000
members, stakeholders, and

557
00:15:17,000 --> 00:15:18,000
partners can explore how the

558
00:15:18,000 --> 00:15:20,000
ATMP Roadway Improvements

559
00:15:20,000 --> 00:15:22,000
Project is enhancing safety,

560
00:15:22,000 --> 00:15:23,000
improving traffic flow,

561
00:15:23,000 --> 00:15:24,000
and modernizing access

562
00:15:24,000 --> 00:15:26,000
to LAX.

563
00:15:26,000 --> 00:15:27,000
Drawing on project visuals,

564
00:15:27,000 --> 00:15:29,000
displays, and storytelling, the

565
00:15:29,000 --> 00:15:30,000
space highlights the scale and

566
00:15:30,000 --> 00:15:31,000
significance of one of the

567
00:15:31,000 --> 00:15:33,000
airport's most transformative

568
00:15:33,000 --> 00:15:35,000
infrastructure efforts.

569
00:15:35,000 --> 00:15:36,000
The project team is planning an

570
00:15:36,000 --> 00:15:38,000
ATMP showroom community open

571
00:15:38,000 --> 00:15:39,000
house later this month that

572
00:15:39,000 --> 00:15:40,000
will allow guests to experience

573
00:15:40,000 --> 00:15:41,000
the space and learn more about

574
00:15:41,000 --> 00:15:42,000
the work shaping the future

575
00:15:42,000 --> 00:15:44,000
of LAX.

576
00:15:45,000 --> 00:15:47,000
Last month we welcomed 36 new

577
00:15:47,000 --> 00:15:49,000
team members across various

578
00:15:49,000 --> 00:15:50,000
divisions and groups and as

579
00:15:50,000 --> 00:15:51,000
always if you see these faces

580
00:15:51,000 --> 00:15:53,000
up on the screen around campus

581
00:15:53,000 --> 00:15:55,000
please say hello.

582
00:15:55,000 --> 00:15:56,000
I give them a warm welcome to

583
00:15:56,000 --> 00:15:59,000
Team LAWA and as always, a shout

584
00:15:59,000 --> 00:16:00,000
out

585
00:16:00,000 --> 00:16:01,000
to the amazing LAWA HR team

586
00:16:01,000 --> 00:16:03,000
for continuing to recruit high

587
00:16:03,000 --> 00:16:05,400
quality teammates to join,

588
00:16:06,000 --> 00:16:07,000
to join our efforts.

589
00:16:07,000 --> 00:16:08,000
Thank you.

590
00:16:08,000 --> 00:16:10,000
And speaking of high-quality

591
00:16:10,000 --> 00:16:12,000
folks, in June, a total of 41

592
00:16:12,000 --> 00:16:14,000
summer interns were hired and

593
00:16:14,000 --> 00:16:15,000
placed in groups

594
00:16:15,000 --> 00:16:16,000
across LAX and VNYs',

595
00:16:16,000 --> 00:16:18,000
including Airport Development

596
00:16:18,000 --> 00:16:19,000
Group, Airport Affairs,

597
00:16:19,000 --> 00:16:20,000
Finance, Accounting, HR,

598
00:16:20,000 --> 00:16:22,000
Operations and Maintenance,

599
00:16:22,000 --> 00:16:23,000
Government Affairs, Badging,

600
00:16:23,000 --> 00:16:26,000
APD, Guest Services, and more.

601
00:16:26,000 --> 00:16:27,000
These talented students bring

602
00:16:27,000 --> 00:16:28,000
fresh perspectives.

603
00:16:28,000 --> 00:16:30,000
They bring enthusiasm

604
00:16:30,000 --> 00:16:31,000
to LAWA.

605
00:16:31,000 --> 00:16:32,000
They're going to have the

606
00:16:32,000 --> 00:16:33,000
opportunity

607
00:16:33,000 --> 00:16:34,000
to learn alongside some of the

608
00:16:34,000 --> 00:16:35,000
industry's very best

609
00:16:35,000 --> 00:16:37,000
professionals.

610
00:16:39,000 --> 00:16:40,000
I want to close

611
00:16:40,000 --> 00:16:43,000
on a bit of a sad note, I end my

612
00:16:43,000 --> 00:16:44,000
report today with the news

613
00:16:44,000 --> 00:16:45,000
of the recent passing

614
00:16:45,000 --> 00:16:46,000
of two valued members

615
00:16:46,000 --> 00:16:48,000
of our LAWA family.

616
00:16:48,000 --> 00:16:50,000
Enrique Guerra and Rodney

617
00:16:50,000 --> 00:16:52,000
Rigomaro. Mr. Guerra worked as

618
00:16:52,000 --> 00:16:54,000
a custodian in Terminal 4

619
00:16:54,000 --> 00:16:56,000
at the time of his passing. He

620
00:16:56,000 --> 00:16:58,000
began his career with the city

621
00:16:58,000 --> 00:17:00,000
of Los Angeles in January, 23.

622
00:17:00,000 --> 00:17:01,000
He was laid to rest in his

623
00:17:01,000 --> 00:17:03,000
home, home country of

624
00:17:03,000 --> 00:17:04,000
Guatemala.

625
00:17:04,000 --> 00:17:06,000
Mr. Rigomaro was an airport

626
00:17:06,000 --> 00:17:07,000
superintendent

627
00:17:07,000 --> 00:17:08,000
of operations and passed away

628
00:17:08,000 --> 00:17:10,000
on June 30th.

629
00:17:10,000 --> 00:17:11,000
He began his career with the

630
00:17:11,000 --> 00:17:12,000
city is as a management

631
00:17:12,000 --> 00:17:13,000
assistant

632
00:17:13,000 --> 00:17:14,000
in the personnel department

633
00:17:14,000 --> 00:17:16,000
in February of 1981.

634
00:17:16,000 --> 00:17:17,000
Our thoughts are

635
00:17:17,000 --> 00:17:18,000
with their colleagues,

636
00:17:18,000 --> 00:17:19,000
friends and loved ones

637
00:17:19,000 --> 00:17:21,000
during this difficult time.

638
00:17:21,000 --> 00:17:22,000
And this concludes my CEO

639
00:17:22,000 --> 00:17:24,000
update.

640
00:17:24,000 --> 00:17:25,000
Thank you, Mr. Ackerman.

641
00:17:25,000 --> 00:17:26,000
Are there any speakers

642
00:17:26,000 --> 00:17:27,000
on this presentation?

643
00:17:27,000 --> 00:17:28,000
There are no speakers

644
00:17:28,000 --> 00:17:30,000
on this presentation.

645
00:17:31,000 --> 00:17:32,000
Does any commissioner have any

646
00:17:32,000 --> 00:17:33,000
questions

647
00:17:33,000 --> 00:17:35,400
on the CEO's update?

648
00:17:39,000 --> 00:17:40,000
If there are no further

649
00:17:40,000 --> 00:17:41,000
questions or comments

650
00:17:41,000 --> 00:17:42,000
from the Board, we will now

651
00:17:42,000 --> 00:17:43,000
move to the next item

652
00:17:43,000 --> 00:17:45,000
of business.

653
00:17:45,000 --> 00:17:46,000
I'd like to invite

654
00:17:46,000 --> 00:17:47,000
Commissioner La Bau to provide

655
00:17:47,000 --> 00:17:49,000
a brief report regarding the

656
00:17:49,000 --> 00:17:50,000
recent Security Committee

657
00:17:50,000 --> 00:17:52,000
meeting held on June 18th.

658
00:17:52,000 --> 00:17:54,000
Yes, thank you.

659
00:17:54,000 --> 00:17:55,000
The Board Security Committee

660
00:17:55,000 --> 00:17:56,000
meeting convened on Thursday,

661
00:17:56,000 --> 00:17:58,000
June 18th, 2026,

662
00:17:58,000 --> 00:17:59,000
to receive a briefing from

663
00:17:59,000 --> 00:18:00,000
Deputy Executive Director of

664
00:18:00,000 --> 00:18:02,000
Public Safety and Security,

665
00:18:02,000 --> 00:18:04,000
Martin Elam, and our Airport

666
00:18:04,000 --> 00:18:05,000
Chief of Police, Cecil

667
00:18:05,000 --> 00:18:07,000
Rambo.

668
00:18:07,000 --> 00:18:08,000
The briefing provided a

669
00:18:08,000 --> 00:18:09,000
comprehensive overview

670
00:18:09,000 --> 00:18:11,000
of the LAX Police Department's

671
00:18:11,000 --> 00:18:12,000
public safety staffing

672
00:18:12,000 --> 00:18:14,000
validation and the workforce

673
00:18:14,000 --> 00:18:16,000
optimization assessment.

674
00:18:16,000 --> 00:18:17,000
And some

675
00:18:17,000 --> 00:18:18,000
of the things that we spoke

676
00:18:18,000 --> 00:18:19,000
about were key assessment

677
00:18:19,000 --> 00:18:21,000
findings, peer benchmarking

678
00:18:21,000 --> 00:18:23,000
efforts, ongoing stakeholder

679
00:18:23,000 --> 00:18:24,000
engagement,

680
00:18:24,000 --> 00:18:25,000
and strategic planning

681
00:18:25,000 --> 00:18:26,000
for the future direction

682
00:18:26,000 --> 00:18:28,000
of LAX PD.

683
00:18:29,000 --> 00:18:31,000
This briefing also included a

684
00:18:31,000 --> 00:18:32,000
very important virtual

685
00:18:32,000 --> 00:18:33,000
discussion addressing several

686
00:18:33,000 --> 00:18:35,000
critical focus areas.

687
00:18:35,000 --> 00:18:37,000
We spoke about the patrol

688
00:18:37,000 --> 00:18:38,000
deployment strategies

689
00:18:38,000 --> 00:18:39,000
for the airport,

690
00:18:39,000 --> 00:18:41,000
workforce sustainability for

691
00:18:41,000 --> 00:18:42,000
our police and security

692
00:18:42,000 --> 00:18:44,000
professionals, the utilization

693
00:18:44,000 --> 00:18:46,000
of civilian and security

694
00:18:46,000 --> 00:18:47,000
personnel

695
00:18:47,000 --> 00:18:48,000
in keeping our airport safe,

696
00:18:48,000 --> 00:18:50,000
transit security readiness,

697
00:18:50,000 --> 00:18:52,000
and alignment with aviation law

698
00:18:52,000 --> 00:18:54,000
enforcement best practices

699
00:18:54,000 --> 00:18:56,000
around the country.

700
00:18:56,000 --> 00:18:57,000
The committee extends our

701
00:18:57,000 --> 00:18:59,000
sincere appreciation as well

702
00:18:59,000 --> 00:19:00,000
to the following individuals

703
00:19:00,000 --> 00:19:01,000
for their contribution and

704
00:19:01,000 --> 00:19:03,000
expertise in this.

705
00:19:03,000 --> 00:19:05,000
Assistant Chief Mark Hamilton

706
00:19:05,000 --> 00:19:06,000
from the Dallas-Fort Worth

707
00:19:06,000 --> 00:19:08,000
Airport, Deputy Chief Timothy

708
00:19:08,000 --> 00:19:09,000
Tyler from the Metropolitan

709
00:19:09,000 --> 00:19:11,000
Washington Airports

710
00:19:11,000 --> 00:19:13,000
Authority, which is Dulles and

711
00:19:13,000 --> 00:19:15,000
Reagan, Mike Villa, Director

712
00:19:15,000 --> 00:19:17,000
of Security and Emergency

713
00:19:17,000 --> 00:19:18,000
Management, and Chief Sean

714
00:19:18,000 --> 00:19:20,000
Guillabo from the Seattle

715
00:19:20,000 --> 00:19:21,000
Airport, as well as Major

716
00:19:21,000 --> 00:19:23,000
David Wilson from the Atlanta

717
00:19:23,000 --> 00:19:25,400
Airport, and lastly, Kevin

718
00:19:26,000 --> 00:19:27,000
Murphy, the Executive Director

719
00:19:27,000 --> 00:19:29,000
of ALEEN, the Airport Law

720
00:19:29,000 --> 00:19:31,000
Enforcement Agency's Network.

721
00:19:31,000 --> 00:19:32,000
I'd really like

722
00:19:32,000 --> 00:19:35,000
to also recognize Martin Elam

723
00:19:35,000 --> 00:19:38,000
and Chief Cecil Rambo and their

724
00:19:38,000 --> 00:19:39,000
respective teams

725
00:19:39,000 --> 00:19:41,000
for their continued dedication

726
00:19:41,000 --> 00:19:43,000
in maintaining airport safety

727
00:19:43,000 --> 00:19:44,000
and security.

728
00:19:44,000 --> 00:19:45,000
Thank you.

729
00:19:45,000 --> 00:19:47,000
My report's concluded.

730
00:19:48,000 --> 00:19:49,000
Thank you, Commissioner La

731
00:19:49,000 --> 00:19:50,000
Bau.

732
00:19:50,000 --> 00:19:51,000
Moving on to general public

733
00:19:51,000 --> 00:19:52,000
comments,

734
00:19:52,000 --> 00:19:54,000
for everyone's information,

735
00:19:54,000 --> 00:19:55,000
as a courtesy and

736
00:19:55,000 --> 00:19:56,000
for the first time, we will be

737
00:19:56,000 --> 00:19:57,000
testing...

738
00:19:57,000 --> 00:19:59,000
testing a live language

739
00:19:59,000 --> 00:20:00,000
interpretation through

740
00:20:00,000 --> 00:20:01,000
real-time translated text

741
00:20:01,000 --> 00:20:03,000
displayed on the screen

742
00:20:03,000 --> 00:20:05,000
during the meeting.

743
00:20:05,000 --> 00:20:06,000
Please note that this is a

744
00:20:06,000 --> 00:20:07,000
pilot program and the accuracy

745
00:20:07,000 --> 00:20:09,000
of the real-time translated

746
00:20:09,000 --> 00:20:11,000
text may vary.

747
00:20:11,000 --> 00:20:12,000
This is the same information

748
00:20:12,000 --> 00:20:13,000
that has been provided to all

749
00:20:13,000 --> 00:20:14,000
the speakers here today.

750
00:20:14,000 --> 00:20:15,000
Are there any speakers

751
00:20:15,000 --> 00:20:17,000
on non-agenda items?

752
00:20:18,000 --> 00:20:19,000
Madam Chair, we actually have

753
00:20:19,000 --> 00:20:21,000
eight speakers

754
00:20:22,000 --> 00:20:24,000
for general so far.

755
00:20:24,000 --> 00:20:25,100
Thank you.

756
00:20:25,100 --> 00:20:27,100
Would you please...

757
00:20:29,100 --> 00:20:31,100
Call them up.

758
00:20:31,100 --> 00:20:33,100
Thank you, Vice President,

759
00:20:33,100 --> 00:20:35,100
Aramayo, at this time, could I

760
00:20:35,100 --> 00:20:36,100
please request the following

761
00:20:36,100 --> 00:20:39,100
speakers to please line up

762
00:20:39,100 --> 00:20:40,100
by the windows

763
00:20:40,100 --> 00:20:41,100
in the order I call

764
00:20:41,100 --> 00:20:43,100
out your name.

765
00:20:44,100 --> 00:20:46,401
Steve Bills, Jason Irani,

766
00:20:50,100 --> 00:20:52,401
Marina Zamora, and Maria

767
00:20:54,100 --> 00:20:56,100
Lorena Herrera.

768
00:20:57,100 --> 00:20:59,100
Now as they come up, I will add

769
00:20:59,100 --> 00:21:00,100
as a reminder that general

770
00:21:00,100 --> 00:21:02,100
public comments must be related

771
00:21:02,100 --> 00:21:03,100
to Los Angeles World Airport

772
00:21:03,100 --> 00:21:05,100
business.

773
00:21:08,100 --> 00:21:10,100
Could you please tell me again

774
00:21:10,100 --> 00:21:13,100
how many speakers we have?

775
00:21:14,100 --> 00:21:15,100
And let us give each speaker

776
00:21:15,100 --> 00:21:17,100
one minute.

777
00:21:21,100 --> 00:21:22,100
When your name is called again,

778
00:21:22,100 --> 00:21:23,100
please come forward

779
00:21:23,100 --> 00:21:24,100
to the lectern, speak directly

780
00:21:24,100 --> 00:21:25,100
into the microphone and state

781
00:21:25,100 --> 00:21:27,100
your name.

782
00:21:27,100 --> 00:21:30,100
Before you begin your comments,

783
00:21:30,100 --> 00:21:32,401
Steve Bills, please go

784
00:21:33,100 --> 00:21:34,100
to the lectern, state your

785
00:21:34,100 --> 00:21:35,100
name,

786
00:21:35,100 --> 00:21:37,401
and provide your comments.

787
00:21:39,100 --> 00:21:40,100
Good morning, Commissioners.

788
00:21:40,100 --> 00:21:41,100
My name is Steve Bills.

789
00:21:41,100 --> 00:21:42,100
I am here on behalf of the

790
00:21:42,100 --> 00:21:45,100
workers testing the APM system.

791
00:21:45,100 --> 00:21:46,100
I am the business agent

792
00:21:46,100 --> 00:21:48,100
for IUEC Local 18, the union

793
00:21:48,100 --> 00:21:50,100
that represents these workers.

794
00:21:50,100 --> 00:21:52,100
For years, these highly skilled

795
00:21:52,100 --> 00:21:53,100
workers have been testing this

796
00:21:53,100 --> 00:21:55,100
train for Alstom

797
00:21:55,100 --> 00:21:57,100
while receiving wages and

798
00:21:57,100 --> 00:21:58,100
benefits well

799
00:21:58,100 --> 00:21:59,100
below the prevailing rates.

800
00:21:59,100 --> 00:22:01,100
Rather than strike, these

801
00:22:01,100 --> 00:22:02,100
workers followed the project

802
00:22:02,100 --> 00:22:04,100
labor agreement and pursued

803
00:22:04,100 --> 00:22:05,100
their claims through the

804
00:22:05,100 --> 00:22:06,100
grievance and arbitration

805
00:22:06,100 --> 00:22:08,401
process at significant expense

806
00:22:09,100 --> 00:22:10,100
to the union.

807
00:22:10,100 --> 00:22:12,100
The arbitrator found that

808
00:22:12,100 --> 00:22:14,100
Alstom and Links has failed to

809
00:22:14,100 --> 00:22:15,100
pay the wages and benefits

810
00:22:15,100 --> 00:22:17,100
required by the PLA.

811
00:22:17,100 --> 00:22:19,100
Alstom has since refused

812
00:22:19,100 --> 00:22:21,100
to comply with the arbitration

813
00:22:21,100 --> 00:22:23,100
decision and has shamefully

814
00:22:23,100 --> 00:22:24,100
refused

815
00:22:24,100 --> 00:22:27,100
to pay the arbitrator's fee.

816
00:22:27,100 --> 00:22:29,100
Now, Alstom has sued the union

817
00:22:29,100 --> 00:22:32,100
and is asking the court to

818
00:22:32,100 --> 00:22:33,100
invalidate the very dispute

819
00:22:33,100 --> 00:22:35,100
resolution process established

820
00:22:35,100 --> 00:22:37,100
under the PLA.

821
00:22:37,100 --> 00:22:39,100
Instead of paying wages and

822
00:22:39,100 --> 00:22:41,100
benefits these workers earned,

823
00:22:41,100 --> 00:22:43,100
Alstom is forcing the union.

824
00:22:43,100 --> 00:22:44,100
Thank you.

825
00:22:44,100 --> 00:22:46,100
Thank you.

826
00:22:47,100 --> 00:22:50,100
Jason Eroni, please go to the

827
00:22:50,100 --> 00:22:52,100
lector and state your name and

828
00:22:52,100 --> 00:22:54,100
provide your comments.

829
00:22:54,100 --> 00:22:55,100
Hi, good morning, Jason

830
00:22:55,100 --> 00:22:56,100
Eroni.

831
00:22:56,100 --> 00:22:57,100
I was a...

832
00:22:57,100 --> 00:23:00,100
I was a bidder on a bid that

833
00:23:00,100 --> 00:23:01,100
was out in February.

834
00:23:01,100 --> 00:23:03,100
I was the lowest bidder

835
00:23:03,100 --> 00:23:04,100
by a factor of three

836
00:23:04,100 --> 00:23:06,100
from the next one.

837
00:23:06,100 --> 00:23:07,100
I was found to be

838
00:23:07,100 --> 00:23:08,100
non-responsive.

839
00:23:08,100 --> 00:23:09,100
I protested it.

840
00:23:09,100 --> 00:23:10,100
The protest, as you can see

841
00:23:10,100 --> 00:23:11,100
with the paperwork that you

842
00:23:11,100 --> 00:23:13,100
have on you, the LAWA letter,

843
00:23:13,100 --> 00:23:15,100
the protest did not go

844
00:23:15,100 --> 00:23:16,100
anywhere.

845
00:23:16,100 --> 00:23:18,100
LAWA says it was duly received

846
00:23:18,100 --> 00:23:19,100
and remains on record, but

847
00:23:19,100 --> 00:23:20,100
there should be a binary

848
00:23:20,100 --> 00:23:22,100
response to that, either upheld

849
00:23:22,100 --> 00:23:24,100
or rejected.

850
00:23:24,100 --> 00:23:25,100
LAWA then went ahead and

851
00:23:25,100 --> 00:23:26,100
flip-flopped and they accepted

852
00:23:26,100 --> 00:23:28,100
us as responsive

853
00:23:28,100 --> 00:23:29,100
in the letter. As you can see

854
00:23:29,100 --> 00:23:30,100
and highlighted, but they went

855
00:23:30,100 --> 00:23:32,100
to do a novel approach and they

856
00:23:32,100 --> 00:23:33,100
said we're gonna split. We're

857
00:23:33,100 --> 00:23:34,100
gonna cherry pick the line

858
00:23:34,100 --> 00:23:35,100
items

859
00:23:35,100 --> 00:23:37,100
from your bid. The lowest bid

860
00:23:37,100 --> 00:23:38,100
in the next bidder up,

861
00:23:38,100 --> 00:23:40,100
which is completely not in line

862
00:23:40,100 --> 00:23:43,100
and they referenced some City

863
00:23:43,100 --> 00:23:45,100
of Los Angeles Charters.

864
00:23:45,100 --> 00:23:46,100
I included in the letter.

865
00:23:46,100 --> 00:23:49,100
There is no Charter, it, there's

866
00:23:49,100 --> 00:23:50,100
no rule that says you can split

867
00:23:50,100 --> 00:23:51,100
a bid.

868
00:23:51,100 --> 00:23:52,100
Nobody would bid such a thing.

869
00:23:52,100 --> 00:23:54,100
You're going to get this item

870
00:23:54,100 --> 00:23:56,100
for approval next month.

871
00:23:56,100 --> 00:23:57,100
Please take a look at it.

872
00:23:57,100 --> 00:23:58,100
I'll probably be here again

873
00:23:58,100 --> 00:23:59,100
to talk about that then.

874
00:23:59,100 --> 00:24:00,100
Thank you very much.

875
00:24:00,100 --> 00:24:02,100
Thank you.

876
00:24:03,100 --> 00:24:05,100
Marina Zambora, please go

877
00:24:05,100 --> 00:24:07,100
to the lectern, state your

878
00:24:07,100 --> 00:24:08,100
name,

879
00:24:08,100 --> 00:24:10,401
and provide your comments.

880
00:24:16,100 --> 00:24:18,100
Buenos d?as para todos,

881
00:24:18,100 --> 00:24:20,100
comisionados.

882
00:24:20,100 --> 00:24:21,100
Mi nombre es Marina Zamora y

883
00:24:21,100 --> 00:24:24,100
trabajo en Flying Food Group.

884
00:24:26,100 --> 00:24:28,100
I'm sorry, no translation?

885
00:24:28,100 --> 00:24:30,100
La traducci?n...

886
00:24:30,100 --> 00:24:31,100
The translation is

887
00:24:31,100 --> 00:24:32,100
on the screen.

888
00:24:32,100 --> 00:24:33,100
Oh, that's okay.

889
00:24:33,100 --> 00:24:34,100
It's in the screen.

890
00:24:34,100 --> 00:24:35,100
Esta en la pantalla.

891
00:24:35,100 --> 00:24:36,100
Thank you. Gracias.

892
00:24:36,100 --> 00:24:37,100
Want her time restarted?

893
00:24:37,100 --> 00:24:40,100
Yes, please restart her time.

894
00:24:40,100 --> 00:24:41,100
En el ?rea de alimentos fr?os,

895
00:24:41,100 --> 00:24:43,401
estoy aqu? porque nos

896
00:24:44,100 --> 00:24:45,100
enfrentamos a

897
00:24:45,100 --> 00:24:47,100
condiciones de seguridad

898
00:24:47,100 --> 00:24:49,401
aterradoras en el trabajo.

899
00:24:50,100 --> 00:24:53,100
OSHA ya ha emitido m?ltiples

900
00:24:53,100 --> 00:24:55,100
multas contra Flying Food

901
00:24:55,100 --> 00:24:56,100
Group,

902
00:24:56,100 --> 00:24:59,100
por fallas cr?ticas de

903
00:24:59,100 --> 00:25:00,100
seguridad, incluyendo cerrar

904
00:25:00,100 --> 00:25:03,100
una puerta de salida con llave

905
00:25:03,100 --> 00:25:05,100
desde el exterior durante una

906
00:25:05,100 --> 00:25:08,100
l?nea de protesta planificada

907
00:25:08,100 --> 00:25:11,100
por los trabajadores, y tener

908
00:25:12,100 --> 00:25:14,100
cuartos fr?os que no se abr?an

909
00:25:14,100 --> 00:25:16,100
desde adentro.

910
00:25:21,100 --> 00:25:24,100
Todo empeor? aun m?s el 22 de

911
00:25:24,100 --> 00:25:26,401
enero de 2026, cuando estall?

912
00:25:27,100 --> 00:25:30,100
un incendio y dos de mis

913
00:25:30,100 --> 00:25:33,100
compa?eros de trabajo se

914
00:25:34,100 --> 00:25:36,100
quedaron atrapados dentro de un

915
00:25:36,100 --> 00:25:39,100
cuarto fr?o cerrado con llave.

916
00:25:39,100 --> 00:25:41,100
Nos hemos presentado ante LAWA

917
00:25:41,100 --> 00:25:43,401
y hemos testificado 50 veces

918
00:25:44,100 --> 00:25:45,100
sobre esto.

919
00:25:45,100 --> 00:25:46,100
Thank you.

920
00:25:46,100 --> 00:25:47,100
Muchas gracias.

921
00:25:47,100 --> 00:25:48,100
I'm sorry.

922
00:25:48,100 --> 00:25:50,100
Thank you.

923
00:25:50,100 --> 00:25:53,100
Before I call the next speaker,

924
00:25:53,100 --> 00:25:54,100
can I please request the

925
00:25:54,100 --> 00:25:56,100
following set of speakers to

926
00:25:56,100 --> 00:25:57,100
please line up by the windows

927
00:25:57,100 --> 00:25:59,100
in the order I call

928
00:25:59,100 --> 00:26:01,100
out your name.

929
00:26:02,100 --> 00:26:04,401
Kenya Nazario, Estela Ruiz,

930
00:26:07,100 --> 00:26:09,401
Alvaro Suarez, and Esperanza

931
00:26:11,100 --> 00:26:13,100
Maciel.

932
00:26:15,100 --> 00:26:17,100
Maria Lorena Barrera, please

933
00:26:17,100 --> 00:26:19,100
step up to the lectern,

934
00:26:19,100 --> 00:26:20,100
state your name,

935
00:26:20,100 --> 00:26:21,100
and provide your comments.

936
00:26:21,100 --> 00:26:23,100
Thank you.

937
00:26:24,100 --> 00:26:25,100
Gracias.

938
00:26:25,100 --> 00:26:27,100
Buenos d?as a todos.

939
00:26:27,100 --> 00:26:30,100
Mi nombre es Lorena Barrera y

940
00:26:30,100 --> 00:26:32,100
trabajo en el ?rea de comida

941
00:26:32,100 --> 00:26:35,100
friar en Flying Fruit Group.

942
00:26:36,100 --> 00:26:38,100
Las violaciones de Flying

943
00:26:38,100 --> 00:26:40,401
Fruit Group son repetidas.

944
00:26:44,100 --> 00:26:46,100
Se extiende desde el robo de

945
00:26:46,100 --> 00:26:47,100
salario,

946
00:26:47,100 --> 00:26:49,100
severas violaciones de

947
00:26:51,100 --> 00:26:53,100
seguridad,

948
00:26:53,100 --> 00:26:55,401
OSHA violaciones de la

949
00:26:57,100 --> 00:27:00,100
seguridad p?blica, del CHP,

950
00:27:01,100 --> 00:27:03,100
hasta represalias ilegales.

951
00:27:04,100 --> 00:27:07,100
Esta compa?a ha probado que no

952
00:27:07,100 --> 00:27:10,100
respeta ni la ley, ni los

953
00:27:10,100 --> 00:27:12,401
trabajos, ni a los

954
00:27:13,100 --> 00:27:15,401
trabajadores, que hemos dado

955
00:27:20,100 --> 00:27:22,100
evidencias de puertas

956
00:27:23,100 --> 00:27:25,100
en llevadas durante incendios,

957
00:27:25,100 --> 00:27:27,100
sueldos robados,

958
00:27:27,100 --> 00:27:29,100
y represalias ilegales.

959
00:27:29,100 --> 00:27:31,100
Gracias.

960
00:27:34,100 --> 00:27:36,100
Kenya Nazario, please go to the

961
00:27:36,100 --> 00:27:38,100
lectern and please speak

962
00:27:38,100 --> 00:27:40,100
directly into the microphone so

963
00:27:40,100 --> 00:27:41,100
everyone can hear you,

964
00:27:41,100 --> 00:27:42,100
state your name,

965
00:27:42,100 --> 00:27:44,100
and provide your comments,

966
00:27:44,100 --> 00:27:45,100
please.

967
00:27:45,100 --> 00:27:46,100
Muy buenos d?as.

968
00:27:46,100 --> 00:27:47,100
Mi nombre es Kenya Nazario.

969
00:27:47,100 --> 00:27:49,100
Gracias por darnos la

970
00:27:49,100 --> 00:27:50,100
oportunidad de estar aqu? y

971
00:27:50,100 --> 00:27:51,100
poder...

972
00:27:51,100 --> 00:27:53,100
decir realmente lo que es.

973
00:27:53,100 --> 00:27:55,100
El d?a de hoy estamos un grupo

974
00:27:55,100 --> 00:27:56,100
de empleados de Flying Food

975
00:27:56,100 --> 00:27:57,100
Group.

976
00:27:57,100 --> 00:27:58,100
Trabajo en el ?rea del equipo

977
00:27:58,100 --> 00:28:01,100
por m?s de tres a?os.

978
00:28:01,100 --> 00:28:04,100
Una vez m?s, vinimos para dar a

979
00:28:04,100 --> 00:28:06,100
conocer la verdad.

980
00:28:07,100 --> 00:28:10,100
No necesito nada escrito porque

981
00:28:10,100 --> 00:28:11,100
considero que cuando t? no

982
00:28:11,100 --> 00:28:13,100
mientes,

983
00:28:13,100 --> 00:28:15,100
no necesitas recordar nada.

984
00:28:15,100 --> 00:28:17,100
Nosotros nos sentimos bien y a

985
00:28:17,100 --> 00:28:18,100
la misma vez tristes por saber

986
00:28:18,100 --> 00:28:21,100
que solo tenemos seis meses de

987
00:28:21,100 --> 00:28:23,100
prueba.

988
00:28:24,100 --> 00:28:25,100
En los otros a?os anteriores,

989
00:28:25,100 --> 00:28:26,100
la empresa no ha tenido estos

990
00:28:26,100 --> 00:28:27,100
incidentes.

991
00:28:27,100 --> 00:28:28,100
Algo extra?o que ahora est?

992
00:28:28,100 --> 00:28:30,401
sucediendo, cuando siempre ha

993
00:28:31,100 --> 00:28:33,100
sido una buena empresa.

994
00:28:33,100 --> 00:28:35,100
Y mientras te hace ver a

995
00:28:35,100 --> 00:28:37,100
compa?eros que hablan mal y le

996
00:28:37,100 --> 00:28:38,100
muerden la mano a quien le da

997
00:28:38,100 --> 00:28:39,100
de comer.

998
00:28:39,100 --> 00:28:41,100
Ok, creo en Dios y creo que

999
00:28:41,100 --> 00:28:42,100
ustedes van a tomar una buena

1000
00:28:42,100 --> 00:28:44,100
decisi?n sobre la empresa.

1001
00:28:44,100 --> 00:28:46,100
Gracias.

1002
00:28:47,100 --> 00:28:48,100
Next.

1003
00:28:48,100 --> 00:28:50,401
Estela Ruiz, please go

1004
00:28:51,100 --> 00:28:53,100
to the lectern, speak directly

1005
00:28:53,100 --> 00:28:54,100
into the mic, state your name,

1006
00:28:54,100 --> 00:28:56,401
and provide your comments.

1007
00:28:57,100 --> 00:28:59,100
Estela Ruiz.

1008
00:29:02,100 --> 00:29:04,401
Next speaker, Alvaro Suarez,

1009
00:29:06,100 --> 00:29:09,100
please go to the lectern.

1010
00:29:12,100 --> 00:29:14,100
Muy buenos d?as a cada uno de

1011
00:29:14,100 --> 00:29:15,100
las personas que se encuentran

1012
00:29:15,100 --> 00:29:16,100
ac?, hoy d?a, ac?.

1013
00:29:16,100 --> 00:29:18,100
Mi nombre es ?lvaro Su?rez,

1014
00:29:18,100 --> 00:29:20,100
trabajo para Cold Food.

1015
00:29:20,100 --> 00:29:21,100
El motivo hoy d?a de estar ac?

1016
00:29:21,100 --> 00:29:24,100
es porque realmente me siento

1017
00:29:24,100 --> 00:29:26,100
bastante preocupado, porque,

1018
00:29:28,100 --> 00:29:30,100
o pienso que bastante desleal,

1019
00:29:30,100 --> 00:29:32,100
verdad, lo se le ha hecho en la

1020
00:29:32,100 --> 00:29:35,100
compa?a con eso de que quieren

1021
00:29:35,100 --> 00:29:36,100
quitarles el permiso para poder

1022
00:29:36,100 --> 00:29:38,100
entrar al aeropuerto.

1023
00:29:38,100 --> 00:29:40,100
Y siento que detr?s de los m?s

1024
00:29:40,100 --> 00:29:42,100
de 600 empleados que nos

1025
00:29:42,100 --> 00:29:44,100
podr?amos quedar sin trabajo,

1026
00:29:44,100 --> 00:29:46,100
hay 600 familias que tambi?n

1027
00:29:46,100 --> 00:29:47,100
pod?an padecer de hambre y de

1028
00:29:47,100 --> 00:29:49,100
muchas cosas. Porque entendamos

1029
00:29:49,100 --> 00:29:50,100
que detr?s de cada uno de

1030
00:29:50,100 --> 00:29:51,100
nosotros est? el sustento de

1031
00:29:51,100 --> 00:29:53,100
nuestras familias. Gracias

1032
00:29:55,100 --> 00:29:56,100
Thank you.

1033
00:29:56,100 --> 00:29:58,100
Esperanza Maciel.

1034
00:30:04,100 --> 00:30:05,100
Buenos d?as.

1035
00:30:05,100 --> 00:30:06,100
Mi nombre es Esperanza

1036
00:30:06,100 --> 00:30:07,100
Maciel.

1037
00:30:07,100 --> 00:30:08,100
Yo trabajo para la compa?a

1038
00:30:08,100 --> 00:30:10,100
Flying Food.

1039
00:30:10,100 --> 00:30:11,100
M?s de 10 a?os.

1040
00:30:11,100 --> 00:30:12,100
Excuse me,

1041
00:30:12,100 --> 00:30:13,100
can you please talk closely

1042
00:30:13,100 --> 00:30:15,100
to the mic?

1043
00:30:15,100 --> 00:30:16,100
M?s de 10 a?os tengo trabajando

1044
00:30:16,100 --> 00:30:17,100
para la empresa.

1045
00:30:17,100 --> 00:30:18,100
Me siento muy contenta,

1046
00:30:18,100 --> 00:30:20,100
muy orgullosa de trabajar ah?.

1047
00:30:20,100 --> 00:30:22,100
En mi vida, desde que llegu? a

1048
00:30:22,100 --> 00:30:25,100
este pa?s, he prosperado.

1049
00:30:25,100 --> 00:30:27,100
No tengo ninguna queja.

1050
00:30:27,100 --> 00:30:28,100
No siento que haya alguna

1051
00:30:28,100 --> 00:30:30,100
amenaza de trabajo.

1052
00:30:31,100 --> 00:30:33,100
Se ha hecho lo que todas las

1053
00:30:33,100 --> 00:30:34,100
empresas han hecho.

1054
00:30:34,100 --> 00:30:36,100
Vienen muchos compa?eros como

1055
00:30:36,100 --> 00:30:39,100
yo a decir lo que les puede

1056
00:30:39,100 --> 00:30:42,100
afectar si este este trabajo se

1057
00:30:42,100 --> 00:30:44,100
cierra. Nosotros hemos usado

1058
00:30:44,100 --> 00:30:46,100
estas camisetas y nos hemos

1059
00:30:46,100 --> 00:30:49,100
unido porque estamos en mismo

1060
00:30:49,100 --> 00:30:50,100
acuerdo en que necesitamos este

1061
00:30:50,100 --> 00:30:51,100
trabajo.

1062
00:30:51,100 --> 00:30:52,100
Que mucha gente lo necesita.

1063
00:30:52,100 --> 00:30:55,100
Hay gente de 10, de 20, de 22

1064
00:30:55,100 --> 00:30:56,100
a?os trabajando para esta

1065
00:30:56,100 --> 00:30:57,100
empresa.

1066
00:30:57,100 --> 00:30:58,100
No hay nada malo,

1067
00:30:58,100 --> 00:31:01,100
nada que no se pueda arreglar.

1068
00:31:01,100 --> 00:31:04,100
Yo trabajo todos los d?as en el

1069
00:31:04,100 --> 00:31:06,100
piso.

1070
00:31:06,100 --> 00:31:07,100
Gracias.

1071
00:31:07,100 --> 00:31:09,401
Thank you very much.

1072
00:31:10,100 --> 00:31:12,100
Estela Ruiz.

1073
00:31:15,100 --> 00:31:17,100
That's it.

1074
00:31:21,100 --> 00:31:22,100
Oh.

1075
00:31:22,100 --> 00:31:23,100
Madam Chair, those are all the

1076
00:31:23,100 --> 00:31:24,100
speakers for public comments.

1077
00:31:24,100 --> 00:31:25,100
Thank you.

1078
00:31:25,100 --> 00:31:26,100
Thank you.

1079
00:31:26,100 --> 00:31:27,100
Are there any neighborhood

1080
00:31:27,100 --> 00:31:28,100
council speakers today?

1081
00:31:28,100 --> 00:31:30,100
There are none.

1082
00:31:30,100 --> 00:31:31,100
Moving on to the approval

1083
00:31:31,100 --> 00:31:32,100
of minutes,

1084
00:31:32,100 --> 00:31:33,100
could I please have a motion

1085
00:31:33,100 --> 00:31:34,100
to approve the minutes

1086
00:31:34,100 --> 00:31:35,100
for the June 18, 2026 special

1087
00:31:35,100 --> 00:31:36,100
meeting?

1088
00:31:36,100 --> 00:31:37,100
So moved.

1089
00:31:37,100 --> 00:31:38,100
Second.

1090
00:31:38,100 --> 00:31:39,100
Thank you, Commissioners

1091
00:31:39,100 --> 00:31:40,100
Roxborough and Commissioner

1092
00:31:40,100 --> 00:31:41,100
La Bau.

1093
00:31:41,100 --> 00:31:43,100
All those in favor say aye.

1094
00:31:43,100 --> 00:31:45,100
Aye.

1095
00:31:45,100 --> 00:31:47,401
Any opposed say no.

1096
00:31:48,100 --> 00:31:50,100
And any abstentions?

1097
00:31:50,100 --> 00:31:52,100
Yes.

1098
00:31:54,100 --> 00:31:55,100
Commissioner Daniel stepped

1099
00:31:55,100 --> 00:31:57,100
out so he's going to be absent

1100
00:31:57,100 --> 00:31:59,100
on this item.

1101
00:31:59,100 --> 00:32:01,100
Very good.

1102
00:32:01,100 --> 00:32:03,100
Moving on

1103
00:32:03,100 --> 00:32:04,100
to the consent items.

1104
00:32:04,100 --> 00:32:05,100
Commissioners, item 5 regarding

1105
00:32:05,100 --> 00:32:06,100
the Second Amendment to the

1106
00:32:06,100 --> 00:32:08,100
Concession Agreement with first

1107
00:32:08,100 --> 00:32:09,100
class vending will be pulled

1108
00:32:09,100 --> 00:32:11,100
off today's agenda and item 11

1109
00:32:11,100 --> 00:32:12,100
regarding the FAA grant will be

1110
00:32:12,100 --> 00:32:14,100
pulled from the consent list

1111
00:32:14,100 --> 00:32:15,100
to allow staff

1112
00:32:15,100 --> 00:32:16,100
to provide a presentation

1113
00:32:16,100 --> 00:32:18,100
on that item.

1114
00:32:18,100 --> 00:32:19,100
In addition to those,

1115
00:32:19,100 --> 00:32:20,100
does any Commissioner want

1116
00:32:20,100 --> 00:32:21,100
to pull an item

1117
00:32:21,100 --> 00:32:23,100
for discussion?

1118
00:32:28,100 --> 00:32:29,100
As a reminder,

1119
00:32:29,100 --> 00:32:30,100
if there are speakers

1120
00:32:30,100 --> 00:32:31,100
on any consent item,

1121
00:32:31,100 --> 00:32:32,100
that item will be pulled from

1122
00:32:32,100 --> 00:32:33,100
the consent list so we can hear

1123
00:32:33,100 --> 00:32:34,100
from the speakers.

1124
00:32:34,100 --> 00:32:35,100
Could the Board Secretary

1125
00:32:35,100 --> 00:32:37,100
please advise if there are

1126
00:32:37,100 --> 00:32:38,100
speakers on any of the consent

1127
00:32:38,100 --> 00:32:39,100
items?

1128
00:32:39,100 --> 00:32:41,100
There are none.

1129
00:32:41,100 --> 00:32:43,100
Very good.

1130
00:32:45,100 --> 00:32:46,100
With the aforementioned items

1131
00:32:46,100 --> 00:32:47,100
pulled...

1132
00:32:47,100 --> 00:32:50,100
We have left items number 1,

1133
00:32:50,100 --> 00:32:52,100
2, 3, 6, 7, 9, and 10.

1134
00:32:57,100 --> 00:32:58,100
Right.

1135
00:32:58,100 --> 00:33:00,100
1, 2, 3, 4.

1136
00:33:03,100 --> 00:33:05,100
1, 2, 3, 4, 6, 7, 8, 9, and

1137
00:33:08,100 --> 00:33:09,100
10.

1138
00:33:09,100 --> 00:33:11,100
And 11.

1139
00:33:11,100 --> 00:33:13,100
11 was pulled.

1140
00:33:14,100 --> 00:33:16,100
It's pulled for...

1141
00:33:16,100 --> 00:33:18,100
...presentation.

1142
00:33:21,100 --> 00:33:22,100
Could I have a motion to approve

1143
00:33:22,100 --> 00:33:24,100
those consent items.

1144
00:33:25,100 --> 00:33:26,100
Second.

1145
00:33:26,100 --> 00:33:27,100
Thank you commissioners

1146
00:33:27,100 --> 00:33:29,100
Roxborough and La Bau. All those

1147
00:33:29,100 --> 00:33:30,100
in favor say aye.

1148
00:33:30,100 --> 00:33:32,100
Aye.

1149
00:33:32,100 --> 00:33:33,100
All those

1150
00:33:33,100 --> 00:33:34,100
opposed no. Those consent items

1151
00:33:34,100 --> 00:33:36,401
are approved. Commissioners let

1152
00:33:39,100 --> 00:33:41,100
us again hold our questions

1153
00:33:41,100 --> 00:33:43,100
until after the staff reports

1154
00:33:43,100 --> 00:33:46,100
for the next section. We are now

1155
00:33:46,100 --> 00:33:48,100
on item number 12.

1156
00:33:51,100 --> 00:33:52,100
Mr. J?

1157
00:33:52,100 --> 00:33:53,100
No?

1158
00:33:53,100 --> 00:33:54,100
11.

1159
00:33:54,100 --> 00:33:55,100
11, excuse me.

1160
00:33:55,100 --> 00:33:56,100
Lead in.

1161
00:33:56,100 --> 00:33:57,100
Number 11, could I please have

1162
00:33:57,100 --> 00:33:58,100
Mr.

1163
00:33:58,100 --> 00:33:59,100
Doug Webster?

1164
00:33:59,100 --> 00:34:01,100
Thank you.

1165
00:34:03,100 --> 00:34:04,100
Very good.

1166
00:34:04,100 --> 00:34:05,100
Good morning, Commissioners.

1167
00:34:05,100 --> 00:34:06,100
Doug Webster.

1168
00:34:06,100 --> 00:34:07,100
I'm the Chief Operations and

1169
00:34:07,100 --> 00:34:08,100
Maintenance Officer.

1170
00:34:08,100 --> 00:34:10,100
This morning, for item number 11

1171
00:34:10,100 --> 00:34:11,100
it's being presented to

1172
00:34:11,100 --> 00:34:13,100
accept a grant offer from

1173
00:34:13,100 --> 00:34:14,100
the FAA to

1174
00:34:14,100 --> 00:34:15,100
support and enhance our vehicle

1175
00:34:15,100 --> 00:34:17,100
movement area transponder

1176
00:34:17,100 --> 00:34:18,100
network at Los Angeles

1177
00:34:18,100 --> 00:34:19,100
International Airport in

1178
00:34:19,100 --> 00:34:21,100
VNYs.

1179
00:34:21,100 --> 00:34:22,100
We desire to provide you

1180
00:34:22,100 --> 00:34:23,100
with some context as

1181
00:34:23,100 --> 00:34:25,100
to what the grant will achieve

1182
00:34:25,100 --> 00:34:26,100
to enhance safety

1183
00:34:26,100 --> 00:34:28,100
at our airports.

1184
00:34:28,100 --> 00:34:29,100
I have asked Neil Weingarten,

1185
00:34:29,100 --> 00:34:30,100
our director

1186
00:34:30,100 --> 00:34:31,100
of airport operations,

1187
00:34:31,100 --> 00:34:32,100
to walk you

1188
00:34:32,100 --> 00:34:33,100
through a quick overview of

1189
00:34:33,100 --> 00:34:36,100
what this grant will achieve.

1190
00:34:40,100 --> 00:34:42,401
Good morning, thank you.

1191
00:34:43,100 --> 00:34:44,100
So a quick overview

1192
00:34:44,100 --> 00:34:46,100
of what the VMATs do.

1193
00:34:46,100 --> 00:34:47,100
These are Vehicle Movement

1194
00:34:47,100 --> 00:34:49,100
Area Transponders.

1195
00:34:49,100 --> 00:34:50,100
They utilize the system called

1196
00:34:50,100 --> 00:34:52,401
ADS-B, which is Automatic

1197
00:34:53,100 --> 00:34:54,100
Dependent Surveillance

1198
00:34:54,100 --> 00:34:55,100
Broadcast, which is a really

1199
00:34:55,100 --> 00:34:57,100
fancy term,

1200
00:34:57,100 --> 00:34:59,100
but if you've ever used

1201
00:34:59,100 --> 00:35:01,100
FlightAware or FlightRadar24,

1202
00:35:01,100 --> 00:35:03,100
this data actually comes

1203
00:35:03,100 --> 00:35:04,100
from the same place.

1204
00:35:04,100 --> 00:35:05,100
The difference is we're

1205
00:35:05,100 --> 00:35:06,100
installing it in vehicles

1206
00:35:06,100 --> 00:35:07,100
on the airfield to give us

1207
00:35:07,100 --> 00:35:09,100
situational awareness and

1208
00:35:09,100 --> 00:35:11,100
to aid in the insurance

1209
00:35:11,100 --> 00:35:13,100
of no vehicle collisions

1210
00:35:13,100 --> 00:35:15,100
on the airfield.

1211
00:35:15,100 --> 00:35:17,100
They provide a highly precise

1212
00:35:17,100 --> 00:35:19,100
real-time location information

1213
00:35:19,100 --> 00:35:21,100
and situational awareness.

1214
00:35:21,100 --> 00:35:23,100
They're viewable in the tower

1215
00:35:23,100 --> 00:35:25,100
through ASDX is what we call it,

1216
00:35:25,100 --> 00:35:27,100
but it stands for Airport

1217
00:35:27,100 --> 00:35:28,100
Surveillance Detection

1218
00:35:28,100 --> 00:35:30,100
Equipment and Model X.

1219
00:35:30,100 --> 00:35:32,100
It basically merges data

1220
00:35:32,100 --> 00:35:34,100
from multiple sources.

1221
00:35:34,100 --> 00:35:36,100
It takes the ADS-B data,

1222
00:35:36,100 --> 00:35:38,100
it takes ground radar,

1223
00:35:38,100 --> 00:35:40,401
it takes satellite information,

1224
00:35:42,100 --> 00:35:43,100
and puts it all together so the

1225
00:35:43,100 --> 00:35:44,100
tower can actually see all the

1226
00:35:44,100 --> 00:35:46,100
vehicles on the airfield along

1227
00:35:46,100 --> 00:35:47,100
with the aircraft.

1228
00:35:47,100 --> 00:35:48,100
The ARC also uses this

1229
00:35:48,100 --> 00:35:49,100
with a subscription called

1230
00:35:49,100 --> 00:35:51,100
Aerobon.

1231
00:35:55,100 --> 00:35:57,100
So the VMATs at LAX are

1232
00:35:57,100 --> 00:35:58,100
different.

1233
00:35:58,100 --> 00:35:59,100
We've got two different types.

1234
00:35:59,100 --> 00:36:00,100
We have an older version and a

1235
00:36:00,100 --> 00:36:01,100
newer version.

1236
00:36:01,100 --> 00:36:02,100
The older version is quite

1237
00:36:02,100 --> 00:36:04,100
interesting.

1238
00:36:04,100 --> 00:36:05,100
At the time that airlines and

1239
00:36:05,100 --> 00:36:07,100
airports started using VMAT,

1240
00:36:07,100 --> 00:36:09,100
there was no actual device

1241
00:36:09,100 --> 00:36:11,100
to put on vehicles.

1242
00:36:11,100 --> 00:36:13,100
They were all aircraft devices.

1243
00:36:13,100 --> 00:36:14,100
So what the FAA allowed

1244
00:36:14,100 --> 00:36:17,100
for was a modification of a

1245
00:36:17,100 --> 00:36:19,100
general aviation transponder.

1246
00:36:19,100 --> 00:36:20,100
It's the same device you would

1247
00:36:20,100 --> 00:36:22,100
see in a Cessna 172, just

1248
00:36:22,100 --> 00:36:24,100
modified for ground use.

1249
00:36:24,100 --> 00:36:25,100
Currently there's been an

1250
00:36:25,100 --> 00:36:27,100
upgrade to the system.

1251
00:36:27,100 --> 00:36:29,100
We now have the VTU20,

1252
00:36:29,100 --> 00:36:30,100
which if you see

1253
00:36:30,100 --> 00:36:31,100
on the slide there,

1254
00:36:31,100 --> 00:36:33,100
it looks a lot like a Sirius XM

1255
00:36:33,100 --> 00:36:35,100
antenna.

1256
00:36:35,100 --> 00:36:36,100
A lot different than the box

1257
00:36:36,100 --> 00:36:38,100
you see on the older model.

1258
00:36:38,100 --> 00:36:40,100
Currently out of the 104 we

1259
00:36:40,100 --> 00:36:42,100
have in LAX, currently 80 units

1260
00:36:42,100 --> 00:36:45,100
are the older type and 24 are

1261
00:36:45,100 --> 00:36:47,100
the newer type.

1262
00:36:50,100 --> 00:36:51,100
This is a breakdown

1263
00:36:51,100 --> 00:36:53,100
of the vehicles in LAX that

1264
00:36:53,100 --> 00:36:55,100
actually have VMATs installed.

1265
00:36:55,100 --> 00:36:57,100
41 for operations, 31

1266
00:36:57,100 --> 00:36:59,100
for bus ops, 21

1267
00:36:59,100 --> 00:37:01,100
for maintenance, and 11

1268
00:37:01,100 --> 00:37:03,100
for our vehicles.

1269
00:37:04,100 --> 00:37:05,100
Currently, 76%

1270
00:37:05,100 --> 00:37:07,100
of the coverage is actually

1271
00:37:07,100 --> 00:37:09,401
on operations and buses.

1272
00:37:12,100 --> 00:37:13,100
In VNYs, the same grant

1273
00:37:13,100 --> 00:37:15,100
that we're speaking of today,

1274
00:37:15,100 --> 00:37:16,100
we have the opportunity

1275
00:37:16,100 --> 00:37:18,100
to install VMATs

1276
00:37:18,100 --> 00:37:19,100
on our equipment

1277
00:37:19,100 --> 00:37:20,100
for the first time.

1278
00:37:20,100 --> 00:37:21,100
It's very rare that a general

1279
00:37:21,100 --> 00:37:23,100
aviation airport will have VMAT

1280
00:37:23,100 --> 00:37:24,100
capability.

1281
00:37:24,100 --> 00:37:26,100
The FAA has actually installed

1282
00:37:26,100 --> 00:37:28,100
Aerobon throughout the airport,

1283
00:37:28,100 --> 00:37:29,100
which is something we use

1284
00:37:29,100 --> 00:37:31,100
in the ARC, to allow

1285
00:37:31,100 --> 00:37:33,100
for this type of device to be

1286
00:37:33,100 --> 00:37:34,100
installed and have situational

1287
00:37:34,100 --> 00:37:36,100
awareness in the tower.

1288
00:37:36,100 --> 00:37:37,100
The current plan in front

1289
00:37:37,100 --> 00:37:40,100
of you is for eight vehicles

1290
00:37:40,100 --> 00:37:41,100
for airport ops, 17

1291
00:37:41,100 --> 00:37:43,100
for maintenance, 3 for

1292
00:37:43,100 --> 00:37:45,100
admin and community relations,

1293
00:37:45,100 --> 00:37:47,100
9 for LAFD, and 12

1294
00:37:47,100 --> 00:37:49,100
for airport police.

1295
00:37:55,100 --> 00:37:57,100
So, this item, as you can see

1296
00:37:57,100 --> 00:37:59,100
from an AIP grant funding, it

1297
00:37:59,100 --> 00:38:01,100
will provide 75% reimbursement

1298
00:38:01,100 --> 00:38:02,100
at LAX.

1299
00:38:02,100 --> 00:38:03,100
It will provide 95%

1300
00:38:03,100 --> 00:38:05,100
reimbursement for VNY, up

1301
00:38:05,100 --> 00:38:07,100
to $500,000 per airport.

1302
00:38:07,100 --> 00:38:08,100
So, it's a substantial grant

1303
00:38:08,100 --> 00:38:09,100
from that perspective.

1304
00:38:09,100 --> 00:38:11,100
LAWA was applied for this

1305
00:38:11,100 --> 00:38:13,100
funding and expect that we will

1306
00:38:13,100 --> 00:38:14,100
receive approval

1307
00:38:14,100 --> 00:38:16,100
of this request.

1308
00:38:16,100 --> 00:38:18,100
We're currently negotiating an

1309
00:38:18,100 --> 00:38:19,100
agreement relative

1310
00:38:19,100 --> 00:38:21,100
to the equipment provider

1311
00:38:21,100 --> 00:38:22,100
to actually do the procurement,

1312
00:38:22,100 --> 00:38:23,100
and that will be forthcoming

1313
00:38:23,100 --> 00:38:24,100
in the future.

1314
00:38:24,100 --> 00:38:25,100
So at this time we would

1315
00:38:25,100 --> 00:38:26,100
request adoption

1316
00:38:26,100 --> 00:38:27,100
of the staff report and

1317
00:38:27,100 --> 00:38:29,100
approval of the item and we

1318
00:38:29,100 --> 00:38:30,100
would be happy to answer any

1319
00:38:30,100 --> 00:38:31,100
additional questions you might

1320
00:38:31,100 --> 00:38:33,100
have about the system.

1321
00:38:33,100 --> 00:38:34,100
Thank you both.

1322
00:38:34,100 --> 00:38:35,100
Are there any speakers

1323
00:38:35,100 --> 00:38:36,100
on this item?

1324
00:38:36,100 --> 00:38:38,100
Hang on.

1325
00:38:39,100 --> 00:38:40,100
Any questions or comments

1326
00:38:40,100 --> 00:38:42,100
from the board?

1327
00:38:42,100 --> 00:38:43,100
Just one question.

1328
00:38:43,100 --> 00:38:44,100
Assuming everything gets

1329
00:38:44,100 --> 00:38:46,100
approved, how long before the

1330
00:38:46,100 --> 00:38:48,401
equipment is received and

1331
00:38:49,100 --> 00:38:50,100
packed?

1332
00:38:50,100 --> 00:38:51,100
As an example, at LAX we

1333
00:38:51,100 --> 00:38:52,100
already have the equipment

1334
00:38:52,100 --> 00:38:53,100
in place, we're just doing

1335
00:38:53,100 --> 00:38:54,100
upgrades,

1336
00:38:54,100 --> 00:38:55,100
so that's a good thing.

1337
00:38:55,100 --> 00:38:56,100
We're probably looking

1338
00:38:56,100 --> 00:38:57,100
somewhere in the range of

1339
00:38:57,100 --> 00:38:58,100
about six months

1340
00:38:58,100 --> 00:38:59,100
until we'll be able

1341
00:38:59,100 --> 00:39:00,100
to do the upgrade

1342
00:39:00,100 --> 00:39:01,100
from that perspective,

1343
00:39:01,100 --> 00:39:02,100
but we're trying to move that

1344
00:39:02,100 --> 00:39:03,100
along as quickly as possible.

1345
00:39:03,100 --> 00:39:04,100
But we are excited

1346
00:39:04,100 --> 00:39:05,100
to get this grant opportunity.

1347
00:39:05,100 --> 00:39:06,100
That's terrific.

1348
00:39:06,100 --> 00:39:07,100
Thank you.

1349
00:39:07,100 --> 00:39:08,100
But it's not

1350
00:39:08,100 --> 00:39:09,100
on every single vehicle,

1351
00:39:09,100 --> 00:39:10,100
obviously.

1352
00:39:10,100 --> 00:39:11,100
No.

1353
00:39:11,100 --> 00:39:12,100
And there's no move

1354
00:39:12,100 --> 00:39:13,100
to do that.

1355
00:39:13,100 --> 00:39:14,100
No.

1356
00:39:14,100 --> 00:39:15,100
To get the situational

1357
00:39:15,100 --> 00:39:16,100
awareness on a couple

1358
00:39:16,100 --> 00:39:17,100
of vehicles

1359
00:39:17,100 --> 00:39:18,100
from each department,

1360
00:39:18,100 --> 00:39:19,100
basically.

1361
00:39:19,100 --> 00:39:20,100
So, the focus on this is that we

1362
00:39:20,100 --> 00:39:21,100
want to get the vehicles that

1363
00:39:21,100 --> 00:39:22,100
physically go into what's

1364
00:39:22,100 --> 00:39:23,100
called the movement area.

1365
00:39:23,100 --> 00:39:24,100
So that is the controlled

1366
00:39:24,100 --> 00:39:25,100
portion of the airport.

1367
00:39:25,100 --> 00:39:26,100
And the concern would be if you

1368
00:39:26,100 --> 00:39:27,100
put them on all the vehicles,

1369
00:39:27,100 --> 00:39:28,100
you would have clutter all

1370
00:39:28,100 --> 00:39:29,100
over the screen.

1371
00:39:29,100 --> 00:39:30,100
So you wouldn't be able to

1372
00:39:30,100 --> 00:39:31,100
discern what are the important

1373
00:39:31,100 --> 00:39:32,100
vehicles and the ones that are

1374
00:39:32,100 --> 00:39:33,100
just routinely operating

1375
00:39:33,100 --> 00:39:34,100
in the non-movement area of the

1376
00:39:34,100 --> 00:39:35,100
airport.

1377
00:39:35,100 --> 00:39:36,100
How does it work

1378
00:39:36,100 --> 00:39:38,100
with the vehicles?

1379
00:39:38,100 --> 00:39:39,100
If there's a vehicle that,

1380
00:39:39,100 --> 00:39:40,100
two vehicles that are close

1381
00:39:40,100 --> 00:39:41,100
to each other,

1382
00:39:41,100 --> 00:39:42,100
are transmissions able

1383
00:39:42,100 --> 00:39:43,100
to do so they know they're

1384
00:39:43,100 --> 00:39:44,100
close to each other?

1385
00:39:44,100 --> 00:39:45,100
So potentially

1386
00:39:45,100 --> 00:39:46,100
in the future it'll be able

1387
00:39:46,100 --> 00:39:47,100
to do that, because there's

1388
00:39:47,100 --> 00:39:49,100
out and in relative

1389
00:39:49,100 --> 00:39:51,100
to ADS-B transmissions.

1390
00:39:52,100 --> 00:39:53,100
This right now,

1391
00:39:53,100 --> 00:39:54,100
primarily what it's going

1392
00:39:54,100 --> 00:39:55,100
to be able to do is make it so

1393
00:39:55,100 --> 00:39:56,100
the tower is able to see

1394
00:39:56,100 --> 00:39:58,100
exactly where every vehicle

1395
00:39:58,100 --> 00:39:59,100
that is critical,

1396
00:39:59,100 --> 00:40:00,100
that would be going out

1397
00:40:00,100 --> 00:40:01,100
on the movement area,

1398
00:40:01,100 --> 00:40:03,100
is located.

1399
00:40:03,100 --> 00:40:05,100
And so ultimately, you know,

1400
00:40:05,100 --> 00:40:06,100
if you have any type

1401
00:40:06,100 --> 00:40:07,100
of incursion or something

1402
00:40:07,100 --> 00:40:08,100
along those lines, it gives the

1403
00:40:08,100 --> 00:40:10,100
tower specifically more greater

1404
00:40:10,100 --> 00:40:11,100
awareness.

1405
00:40:11,100 --> 00:40:12,100
In the future,

1406
00:40:12,100 --> 00:40:13,100
there's the potential that we

1407
00:40:13,100 --> 00:40:14,100
may be able

1408
00:40:14,100 --> 00:40:15,100
to go ahead and do the

1409
00:40:15,100 --> 00:40:16,100
out and in,

1410
00:40:16,100 --> 00:40:17,100
which then would begin to let

1411
00:40:17,100 --> 00:40:18,100
vehicles and airplanes see each

1412
00:40:18,100 --> 00:40:19,100
other.

1413
00:40:19,100 --> 00:40:20,100
But that is down the road

1414
00:40:20,100 --> 00:40:22,100
still.

1415
00:40:23,100 --> 00:40:24,100
Commissioners, I would say this

1416
00:40:24,100 --> 00:40:25,100
is.

1417
00:40:25,100 --> 00:40:26,100
If you recall the tragedy in

1418
00:40:26,100 --> 00:40:27,100
New York recently,

1419
00:40:27,100 --> 00:40:29,100
they didn't have this system

1420
00:40:29,100 --> 00:40:30,100
on some of that equipment,

1421
00:40:30,100 --> 00:40:31,100
and it didn't allow the tower

1422
00:40:31,100 --> 00:40:32,100
to see exactly what was going

1423
00:40:32,100 --> 00:40:33,100
on.

1424
00:40:33,100 --> 00:40:34,100
There was multiple, you know,

1425
00:40:34,100 --> 00:40:35,100
probably factors in that

1426
00:40:35,100 --> 00:40:36,100
accident,

1427
00:40:36,100 --> 00:40:38,100
but this was one of them. And

1428
00:40:38,100 --> 00:40:39,100
we're well ahead of most

1429
00:40:39,100 --> 00:40:40,100
of our airport peers on this.

1430
00:40:40,100 --> 00:40:42,100
We are trying to stay further

1431
00:40:42,100 --> 00:40:44,100
and this is a very good move

1432
00:40:44,100 --> 00:40:45,100
for the airport.

1433
00:40:45,100 --> 00:40:47,100
And again, as Doug said, no

1434
00:40:47,100 --> 00:40:48,100
other general aviation airport

1435
00:40:48,100 --> 00:40:50,100
in the country, really, will

1436
00:40:50,100 --> 00:40:51,100
have the same capability that

1437
00:40:51,100 --> 00:40:52,100
we will have at VNY. We

1438
00:40:52,100 --> 00:40:53,100
are also proud that we will

1439
00:40:53,100 --> 00:40:56,100
make this investment at VNY,

1440
00:40:56,100 --> 00:40:58,401
not just at LAX.

1441
00:40:59,100 --> 00:41:00,100
Any other questions or comments

1442
00:41:00,100 --> 00:41:02,100
from the Commission?

1443
00:41:03,100 --> 00:41:04,100
If there are none,

1444
00:41:04,100 --> 00:41:05,100
could I have a motion

1445
00:41:05,100 --> 00:41:06,100
to approve item 11?

1446
00:41:06,100 --> 00:41:07,100
So moved.

1447
00:41:07,100 --> 00:41:08,100
Second.

1448
00:41:08,100 --> 00:41:09,100
Thank you, Commissioners

1449
00:41:09,100 --> 00:41:11,100
Velasco and Roxborough.

1450
00:41:11,100 --> 00:41:12,100
All those in favor, say aye.

1451
00:41:12,100 --> 00:41:13,100
Aye.

1452
00:41:13,100 --> 00:41:15,100
Any opposed?

1453
00:41:15,100 --> 00:41:17,401
The ayes have it.

1454
00:41:20,100 --> 00:41:23,100
We are now on item number 12,

1455
00:41:23,100 --> 00:41:24,100
Mr.

1456
00:41:24,100 --> 00:41:25,100
Jacob Adams.

1457
00:41:25,100 --> 00:41:26,100
Good morning, Vice President

1458
00:41:26,100 --> 00:41:27,100
Aramayo.

1459
00:41:27,100 --> 00:41:28,100
Good morning

1460
00:41:28,100 --> 00:41:30,100
Commissioners and welcome

1461
00:41:30,100 --> 00:41:31,100
Commissioner Daniels.

1462
00:41:31,100 --> 00:41:34,100
Glad to see you here.

1463
00:41:34,100 --> 00:41:35,100
Yeah, so I wanted to take just

1464
00:41:35,100 --> 00:41:37,100
a quick second and introduce

1465
00:41:37,100 --> 00:41:39,100
you guys to one of our

1466
00:41:39,100 --> 00:41:41,100
superstar LAWA engineers.

1467
00:41:42,100 --> 00:41:44,100
Laurel, come on up.

1468
00:41:44,100 --> 00:41:46,100
This is Laurel Soriano, and he

1469
00:41:46,100 --> 00:41:48,100
is actually the project manager

1470
00:41:48,100 --> 00:41:50,100
for the project that's being

1471
00:41:50,100 --> 00:41:51,100
considered before you today.

1472
00:41:51,100 --> 00:41:52,100
So, I'm going to turn it over

1473
00:41:52,100 --> 00:41:53,100
to him, and he's going to go

1474
00:41:53,100 --> 00:41:54,100
through a presentation

1475
00:41:54,100 --> 00:41:55,100
with you guys,

1476
00:41:55,100 --> 00:41:56,100
and then he's going to answer

1477
00:41:56,100 --> 00:41:59,100
any questions you might have.

1478
00:42:05,100 --> 00:42:07,100
Alright.

1479
00:42:07,100 --> 00:42:08,100
Good morning, Vice President

1480
00:42:08,100 --> 00:42:10,100
Aramayo, Commissioners.

1481
00:42:11,100 --> 00:42:12,100
As Jake mentioned, my name is

1482
00:42:12,100 --> 00:42:14,100
Laurel Suriano.

1483
00:42:14,100 --> 00:42:15,100
I'm the Project Manager

1484
00:42:15,100 --> 00:42:16,100
for the Airport Development

1485
00:42:16,100 --> 00:42:18,100
Program.

1486
00:42:19,100 --> 00:42:21,100
And today we're recommending

1487
00:42:21,100 --> 00:42:22,100
the award

1488
00:42:22,100 --> 00:42:23,100
for a three-year contract for

1489
00:42:23,100 --> 00:42:24,100
Sully Miller Contracting

1490
00:42:24,100 --> 00:42:25,100
Company.

1491
00:42:25,100 --> 00:42:26,100
And we're approving, waiting for

1492
00:42:26,100 --> 00:42:27,100
the approving of the

1493
00:42:27,100 --> 00:42:28,100
appropriation

1494
00:42:28,100 --> 00:42:30,401
of the $108,383,603 for the

1495
00:42:33,100 --> 00:42:34,100
Taxiway Alpha West and

1496
00:42:34,100 --> 00:42:36,100
Foxtrot

1497
00:42:36,100 --> 00:42:38,100
Reconstruction Project.

1498
00:42:39,100 --> 00:42:40,100
Just

1499
00:42:40,100 --> 00:42:41,100
to give you guys an overview of

1500
00:42:41,100 --> 00:42:43,100
where the project is located,

1501
00:42:43,100 --> 00:42:45,100
as you can see,

1502
00:42:45,100 --> 00:42:47,100
basically that this is located

1503
00:42:47,100 --> 00:42:50,100
on the south complex of the

1504
00:42:50,100 --> 00:42:52,100
airfield where we will be

1505
00:42:52,100 --> 00:42:53,100
reconstructing the Taxiway

1506
00:42:53,100 --> 00:42:55,100
Alpha on the west side

1507
00:42:55,100 --> 00:42:57,100
from Taxiway Quebec

1508
00:42:57,100 --> 00:42:58,100
to Taxiway Alpha 7 and

1509
00:42:58,100 --> 00:43:01,100
on the east side, Taxiway

1510
00:43:01,100 --> 00:43:03,100
Foxtrot between runway 7L25

1511
00:43:03,100 --> 00:43:05,100
right and 7R25 left,

1512
00:43:05,100 --> 00:43:07,100
including airport improvements

1513
00:43:07,100 --> 00:43:09,100
on the intersection of Alpha

1514
00:43:09,100 --> 00:43:11,100
and Foxtrot.

1515
00:43:12,100 --> 00:43:14,100
Now these taxiways are critical

1516
00:43:14,100 --> 00:43:17,100
to the cargo area operations.

1517
00:43:17,100 --> 00:43:18,100
And one of the challenges that

1518
00:43:18,100 --> 00:43:20,100
we've had is maintaining the

1519
00:43:20,100 --> 00:43:21,100
existence

1520
00:43:21,100 --> 00:43:23,100
of the existing pavement.

1521
00:43:23,100 --> 00:43:26,100
So, there's a basic pavement

1522
00:43:26,100 --> 00:43:27,100
inspection report that we

1523
00:43:27,100 --> 00:43:28,100
pulled.

1524
00:43:28,100 --> 00:43:29,100
And as you can see, majority

1525
00:43:29,100 --> 00:43:31,401
of taxiway Alpha, starting

1526
00:43:32,100 --> 00:43:33,100
from Quebec, you have colors

1527
00:43:33,100 --> 00:43:34,100
pink and red

1528
00:43:34,100 --> 00:43:35,100
that indicates that the

1529
00:43:35,100 --> 00:43:37,100
pavement is very poor

1530
00:43:37,100 --> 00:43:38,100
to serious condition,

1531
00:43:38,100 --> 00:43:39,100
which is continuing

1532
00:43:39,100 --> 00:43:40,100
to deteriorate.

1533
00:43:40,100 --> 00:43:42,100
So, we've taken a few field

1534
00:43:42,100 --> 00:43:43,100
photos, and to your right, you

1535
00:43:43,100 --> 00:43:45,100
can see that we have two and a

1536
00:43:45,100 --> 00:43:47,100
half inch wide cracks.

1537
00:43:47,100 --> 00:43:48,100
You can look closely, there's

1538
00:43:48,100 --> 00:43:49,100
like a walkie-talkie that

1539
00:43:49,100 --> 00:43:50,100
actually fits there.

1540
00:43:50,100 --> 00:43:51,100
And in the middle, we have

1541
00:43:51,100 --> 00:43:53,401
Taxiway Mainline, which has

1542
00:43:54,100 --> 00:43:56,100
longitudinal cracking, which

1543
00:43:56,100 --> 00:43:57,100
indicates that there's

1544
00:43:57,100 --> 00:43:58,100
structural failure

1545
00:43:58,100 --> 00:43:59,100
in the pavement.

1546
00:43:59,100 --> 00:44:00,100
And on the right,

1547
00:44:00,100 --> 00:44:01,100
you have extensive rutting,

1548
00:44:01,100 --> 00:44:02,100
which is caused by large

1549
00:44:02,100 --> 00:44:03,100
aircrafts either waiting or

1550
00:44:03,100 --> 00:44:04,100
entering,

1551
00:44:04,100 --> 00:44:06,100
exiting the cargo area.

1552
00:44:06,100 --> 00:44:08,100
So, something to keep you guys

1553
00:44:08,100 --> 00:44:09,100
in perspective is that this

1554
00:44:09,100 --> 00:44:10,100
pavement has not been

1555
00:44:10,100 --> 00:44:11,100
reconstructed from within 40

1556
00:44:11,100 --> 00:44:12,100
years.

1557
00:44:12,100 --> 00:44:13,100
So, there has been, you know,

1558
00:44:13,100 --> 00:44:15,100
concerns about FOD,

1559
00:44:15,100 --> 00:44:17,100
unsafe air traffic conditions,

1560
00:44:17,100 --> 00:44:19,100
and there's a risk of

1561
00:44:19,100 --> 00:44:21,100
incursions that occur that

1562
00:44:21,100 --> 00:44:22,100
maintenance has

1563
00:44:22,100 --> 00:44:24,401
to do ongoing performance.

1564
00:44:25,100 --> 00:44:26,100
So, in regards

1565
00:44:26,100 --> 00:44:28,100
to the project scope, we're

1566
00:44:28,100 --> 00:44:30,100
reconstructing the project and

1567
00:44:30,100 --> 00:44:31,100
it requires extended closures

1568
00:44:31,100 --> 00:44:33,401
for the existing taxiways.

1569
00:44:34,100 --> 00:44:35,100
during the construction and it

1570
00:44:35,100 --> 00:44:37,100
has multiple phases.

1571
00:44:37,100 --> 00:44:38,100
We have nighttime phases and

1572
00:44:38,100 --> 00:44:40,100
accelerated work areas

1573
00:44:40,100 --> 00:44:42,100
to mitigate any operations.

1574
00:44:42,100 --> 00:44:44,100
The new construction will

1575
00:44:44,100 --> 00:44:46,100
replace the existing asphalt

1576
00:44:46,100 --> 00:44:48,100
with durable concrete and we

1577
00:44:48,100 --> 00:44:50,100
will include reconstruction

1578
00:44:50,100 --> 00:44:52,100
of the taxiways and shoulders,

1579
00:44:52,100 --> 00:44:53,100
improve the pavement markings

1580
00:44:53,100 --> 00:44:55,401
and upgrade the airfield

1581
00:44:56,100 --> 00:44:57,100
lighting and signages and

1582
00:44:57,100 --> 00:44:59,100
enhance the storm grade

1583
00:44:59,100 --> 00:45:01,100
systems.

1584
00:45:02,100 --> 00:45:04,100
So we received two proposals

1585
00:45:04,100 --> 00:45:05,100
on March 27th, and we did the

1586
00:45:05,100 --> 00:45:07,100
technical evaluation and

1587
00:45:07,100 --> 00:45:09,100
interviews were completed in

1588
00:45:09,100 --> 00:45:10,100
April 13th. The bid

1589
00:45:10,100 --> 00:45:12,100
participation was competitive,

1590
00:45:13,100 --> 00:45:14,100
and it was determined that

1591
00:45:14,100 --> 00:45:15,100
Sully Miller Contracting

1592
00:45:15,100 --> 00:45:17,100
Company was the overall best

1593
00:45:17,100 --> 00:45:19,100
value to LAWA.

1594
00:45:19,100 --> 00:45:20,100
With the bids,

1595
00:45:20,100 --> 00:45:22,100
we were also qualified

1596
00:45:22,100 --> 00:45:23,100
for reimbursement

1597
00:45:23,100 --> 00:45:26,100
for the grants for FAA.

1598
00:45:27,100 --> 00:45:28,100
Now, a little bit

1599
00:45:28,100 --> 00:45:29,100
on inclusivity.

1600
00:45:29,100 --> 00:45:32,100
Now, because this project is...

1601
00:45:32,100 --> 00:45:33,100
federally funded, this contract

1602
00:45:33,100 --> 00:45:36,601
does not have a DB requirement.

1603
00:45:37,100 --> 00:45:39,100
However, Sully Miller

1604
00:45:39,100 --> 00:45:41,100
understands what it means

1605
00:45:41,100 --> 00:45:42,100
to LAWA and are willing to go

1606
00:45:42,100 --> 00:45:43,100
above and

1607
00:45:43,100 --> 00:45:45,100
beyond the requirements.

1608
00:45:45,100 --> 00:45:46,100
So, under the Workforce

1609
00:45:46,100 --> 00:45:47,100
Development Plan, the

1610
00:45:47,100 --> 00:45:48,100
contractor is committed

1611
00:45:48,100 --> 00:45:50,100
to these numbers.

1612
00:45:50,100 --> 00:45:51,100
So, you're going to engage into

1613
00:45:51,100 --> 00:45:53,100
outsourcing their community

1614
00:45:53,100 --> 00:45:55,100
services, engagement

1615
00:45:55,100 --> 00:45:57,100
to the elementary schools,

1616
00:45:57,100 --> 00:45:59,100
do summer internships, K-12

1617
00:45:59,100 --> 00:46:01,100
STEM outreach programs,

1618
00:46:02,100 --> 00:46:03,100
and continuing their mentor

1619
00:46:03,100 --> 00:46:05,100
protege programs.

1620
00:46:07,100 --> 00:46:09,100
In terms of their schedule,

1621
00:46:09,100 --> 00:46:10,100
so, the contractor is

1622
00:46:10,100 --> 00:46:12,100
to mobilize in November

1623
00:46:12,100 --> 00:46:14,100
of this year and then the start

1624
00:46:14,100 --> 00:46:16,100
of field construction will

1625
00:46:16,100 --> 00:46:17,100
begin in March of 2027

1626
00:46:17,100 --> 00:46:19,401
after the Super Bowl.

1627
00:46:20,100 --> 00:46:21,100
So we're going

1628
00:46:21,100 --> 00:46:22,100
to be completing the Taxiway

1629
00:46:22,100 --> 00:46:23,100
Alpha construction work

1630
00:46:23,100 --> 00:46:25,100
in early November and then we

1631
00:46:25,100 --> 00:46:26,100
get a little bit of a break

1632
00:46:26,100 --> 00:46:27,100
for a couple of months. So, that

1633
00:46:27,100 --> 00:46:29,100
way we can avoid any

1634
00:46:29,100 --> 00:46:30,100
of the operational impacts

1635
00:46:30,100 --> 00:46:32,100
during the holidays.

1636
00:46:32,100 --> 00:46:33,100
And then we resume construction

1637
00:46:33,100 --> 00:46:35,100
in January of 2028.

1638
00:46:35,100 --> 00:46:36,100
And that's a critical phase

1639
00:46:36,100 --> 00:46:38,100
for Tax-Free Foxtrot.

1640
00:46:38,100 --> 00:46:39,100
And then we have the remaining

1641
00:46:39,100 --> 00:46:41,100
construction in April.

1642
00:46:41,100 --> 00:46:42,100
So everything's going

1643
00:46:42,100 --> 00:46:43,100
to be done and completed prior

1644
00:46:43,100 --> 00:46:44,100
to the summer of the Olympics

1645
00:46:44,100 --> 00:46:46,100
in 2028.

1646
00:46:47,100 --> 00:46:48,100
And here I just kind

1647
00:46:48,100 --> 00:46:49,100
of reiterate about our request

1648
00:46:49,100 --> 00:46:50,100
for approval

1649
00:46:50,100 --> 00:46:52,100
on the appropriation for $108

1650
00:46:52,100 --> 00:46:54,100
million.

1651
00:46:56,100 --> 00:46:58,100
If you guys have any questions.

1652
00:46:58,100 --> 00:46:59,100
Thank you so much for the

1653
00:46:59,100 --> 00:47:01,100
presentation.

1654
00:47:01,100 --> 00:47:02,100
I just want to make sure this

1655
00:47:02,100 --> 00:47:03,100
construction is covered under

1656
00:47:03,100 --> 00:47:05,401
the project labor agreement.

1657
00:47:06,100 --> 00:47:08,100
Correct.

1658
00:47:08,100 --> 00:47:09,100
Yes, it is.

1659
00:47:09,100 --> 00:47:11,100
Okay.

1660
00:47:12,100 --> 00:47:13,100
I'll just make a note.

1661
00:47:13,100 --> 00:47:14,100
I appreciate that even though

1662
00:47:14,100 --> 00:47:16,100
this is, you know,

1663
00:47:16,100 --> 00:47:18,000
they're not beholden to the

1664
00:47:18,000 --> 00:47:19,100
workforce development quotas,

1665
00:47:19,100 --> 00:47:20,100
that they are adhering

1666
00:47:20,100 --> 00:47:21,100
to that.

1667
00:47:21,100 --> 00:47:23,100
So just a public appreciation

1668
00:47:23,100 --> 00:47:24,100
of that.

1669
00:47:24,100 --> 00:47:25,100
In the past, has this,

1670
00:47:25,100 --> 00:47:26,100
has something

1671
00:47:26,100 --> 00:47:28,100
like this been consistent

1672
00:47:28,100 --> 00:47:31,100
with only getting two bidders?

1673
00:47:32,100 --> 00:47:34,100
Oh in the past we usually have

1674
00:47:34,100 --> 00:47:37,100
between two to five bidders but

1675
00:47:37,100 --> 00:47:38,100
because there were, you know, so

1676
00:47:38,100 --> 00:47:40,100
many different work going on

1677
00:47:40,100 --> 00:47:42,100
these were our two bidders that

1678
00:47:42,100 --> 00:47:44,100
at the time bid

1679
00:47:44,100 --> 00:47:46,100
for this project.

1680
00:47:49,100 --> 00:47:50,100
I, umm,

1681
00:47:50,100 --> 00:47:52,100
thank you for the presentation

1682
00:47:52,100 --> 00:47:53,100
obviously we need that the fact

1683
00:47:53,100 --> 00:47:54,100
that it's been around for 40

1684
00:47:54,100 --> 00:47:55,100
years, speaks

1685
00:47:55,100 --> 00:47:56,100
for itself.

1686
00:47:56,100 --> 00:47:57,100
I have a math questions.

1687
00:47:57,100 --> 00:48:00,100
So, the motion would be

1688
00:48:00,100 --> 00:48:02,100
to approve an amount

1689
00:48:02,100 --> 00:48:03,100
of money not

1690
00:48:03,100 --> 00:48:04,100
to exceed basically $82

1691
00:48:04,100 --> 00:48:06,100
million.

1692
00:48:06,100 --> 00:48:08,100
Then it says the appropriation

1693
00:48:08,100 --> 00:48:09,100
of $108 million

1694
00:48:09,100 --> 00:48:11,100
for the project.

1695
00:48:11,100 --> 00:48:13,100
Can you explain the detail?

1696
00:48:13,100 --> 00:48:15,100
So, that would include, so the

1697
00:48:15,100 --> 00:48:18,100
$80 million that's on there is

1698
00:48:18,100 --> 00:48:19,100
regarding the main

1699
00:48:19,100 --> 00:48:20,100
construction.

1700
00:48:20,100 --> 00:48:21,100
So, that's the hard cost.

1701
00:48:21,100 --> 00:48:23,100
And then on top of that, we do

1702
00:48:23,100 --> 00:48:25,100
have some construction services

1703
00:48:25,100 --> 00:48:26,100
and some staffing support.

1704
00:48:26,100 --> 00:48:27,100
And then some contingency that

1705
00:48:27,100 --> 00:48:30,100
is included in that amount.

1706
00:48:30,100 --> 00:48:31,100
Okay.

1707
00:48:31,100 --> 00:48:34,100
But we're only approving no

1708
00:48:35,100 --> 00:48:36,100
more than 80 round numbers, 82

1709
00:48:36,100 --> 00:48:38,100
million?

1710
00:48:38,100 --> 00:48:39,100
82 million for the construction

1711
00:48:39,100 --> 00:48:41,100
contract.

1712
00:48:41,100 --> 00:48:43,100
All right.

1713
00:48:44,100 --> 00:48:45,100
I was confused by that too.

1714
00:48:45,100 --> 00:48:46,100
Thanks.

1715
00:48:46,100 --> 00:48:47,100
I thought I was reading it

1716
00:48:47,100 --> 00:48:48,100
differently.

1717
00:48:48,100 --> 00:48:49,100
I don't understand.

1718
00:48:49,100 --> 00:48:50,100
Oh, go ahead, Jake.

1719
00:48:50,100 --> 00:48:51,100
You have the same question.

1720
00:48:51,100 --> 00:48:52,100
Yeah.

1721
00:48:52,100 --> 00:48:53,100
Go ahead.

1722
00:48:53,100 --> 00:48:54,100
Because we're approving the

1723
00:48:54,100 --> 00:48:55,100
contract.

1724
00:48:55,100 --> 00:48:56,100
We're only requesting

1725
00:48:56,100 --> 00:48:57,100
appropriation

1726
00:48:57,100 --> 00:48:58,100
of the contract authority.

1727
00:48:58,100 --> 00:48:59,100
The project has its own total

1728
00:48:59,100 --> 00:49:00,100
cost budget.

1729
00:49:00,100 --> 00:49:02,100
That's the $108 million.

1730
00:49:02,100 --> 00:49:03,100
So today we're requesting

1731
00:49:03,100 --> 00:49:05,100
approval of the contract with

1732
00:49:05,100 --> 00:49:07,401
Sully Miller for $82 million.

1733
00:49:08,100 --> 00:49:09,100
Hopefully that...

1734
00:49:09,100 --> 00:49:10,100
That does.

1735
00:49:10,100 --> 00:49:12,401
Thank you. Thank you.

1736
00:49:16,100 --> 00:49:17,100
You're welcome.

1737
00:49:17,100 --> 00:49:19,100
Any other questions?

1738
00:49:20,100 --> 00:49:22,100
Thank you very much.

1739
00:49:22,100 --> 00:49:23,100
There are no further questions

1740
00:49:23,100 --> 00:49:24,100
or comments

1741
00:49:24,100 --> 00:49:26,100
could I please have a motion to

1742
00:49:26,100 --> 00:49:27,100
item number 12?

1743
00:49:27,100 --> 00:49:29,100
I'll make a motion.

1744
00:49:29,100 --> 00:49:30,100
Second.

1745
00:49:30,100 --> 00:49:31,100
Thank you, Commissioners Narro

1746
00:49:31,100 --> 00:49:32,100
and Roxborough.

1747
00:49:32,100 --> 00:49:33,100
All those in favor, say aye.

1748
00:49:33,100 --> 00:49:35,100
Aye.

1749
00:49:35,100 --> 00:49:36,100
Any opposed?

1750
00:49:36,100 --> 00:49:37,100
Ayes guys have it.

1751
00:49:37,100 --> 00:49:39,401
Item number 12 is approved.

1752
00:49:41,100 --> 00:49:44,100
Moving on to item number 13,

1753
00:49:45,100 --> 00:49:46,100
Aramayo.

1754
00:49:46,100 --> 00:49:47,100
Thank you.

1755
00:49:47,100 --> 00:49:48,100
Good morning, Commissioners,

1756
00:49:48,100 --> 00:49:49,100
and welcome, Commissioner

1757
00:49:49,100 --> 00:49:51,100
Daniels.

1758
00:49:51,100 --> 00:49:52,100
Looking forward to you being

1759
00:49:52,100 --> 00:49:54,100
on the commission.

1760
00:49:54,100 --> 00:49:55,100
So this board action is a

1761
00:49:55,100 --> 00:49:56,100
request

1762
00:49:56,100 --> 00:49:58,100
for capital appropriation.

1763
00:49:58,100 --> 00:50:01,100
This is not a contract item.

1764
00:50:01,100 --> 00:50:03,100
To upgrade our mission-critical

1765
00:50:03,100 --> 00:50:05,100
public safety infrastructure.

1766
00:50:06,100 --> 00:50:07,100
The systems that we are

1767
00:50:07,100 --> 00:50:09,100
upgrading are our access

1768
00:50:09,100 --> 00:50:11,100
control system, our

1769
00:50:11,100 --> 00:50:13,100
computer-aided police dispatch

1770
00:50:14,100 --> 00:50:15,100
system, and our video

1771
00:50:15,100 --> 00:50:16,100
management system.

1772
00:50:16,100 --> 00:50:18,100
And all of these systems are

1773
00:50:18,100 --> 00:50:19,100
essential

1774
00:50:19,100 --> 00:50:20,100
to protecting our passengers,

1775
00:50:20,100 --> 00:50:22,401
employees, our critical assets,

1776
00:50:23,100 --> 00:50:25,100
and airport operations.

1777
00:50:25,100 --> 00:50:27,100
This investment is going

1778
00:50:27,100 --> 00:50:29,100
to improve public safety.

1779
00:50:29,100 --> 00:50:32,601
It will also give us enhanced

1780
00:50:33,100 --> 00:50:34,100
analytics capabilities

1781
00:50:34,100 --> 00:50:37,100
for police to have automated

1782
00:50:37,100 --> 00:50:39,100
threat detection as well as

1783
00:50:39,100 --> 00:50:41,100
verification

1784
00:50:41,100 --> 00:50:43,100
of alarms so they don't have

1785
00:50:43,100 --> 00:50:45,100
to report and respond to all of

1786
00:50:45,100 --> 00:50:46,100
those alarms and it will

1787
00:50:46,100 --> 00:50:48,100
improve their situational

1788
00:50:48,100 --> 00:50:50,100
awareness.

1789
00:50:50,100 --> 00:50:51,100
This investment will also

1790
00:50:51,100 --> 00:50:54,100
reduce our cyber security risk

1791
00:50:54,100 --> 00:50:56,100
as much of the hardware and

1792
00:50:56,100 --> 00:50:58,100
software is being replaced with

1793
00:50:58,100 --> 00:50:59,100
the latest and greatest

1794
00:50:59,100 --> 00:51:01,100
technology.

1795
00:51:02,100 --> 00:51:03,100
This project is approved

1796
00:51:03,100 --> 00:51:05,100
within the 2024 capital

1797
00:51:05,100 --> 00:51:07,100
improvement plan.

1798
00:51:07,100 --> 00:51:08,100
We are using our IT master

1799
00:51:08,100 --> 00:51:10,100
service agreements

1800
00:51:10,100 --> 00:51:11,100
to implement the work.

1801
00:51:11,100 --> 00:51:13,100
The timeline

1802
00:51:13,100 --> 00:51:15,100
for the project is 18 months so

1803
00:51:15,100 --> 00:51:17,100
it will be completed and

1804
00:51:17,100 --> 00:51:20,100
in operation prior to the 2028

1805
00:51:20,100 --> 00:51:22,100
Olympics and Paralympic Games

1806
00:51:22,100 --> 00:51:25,100
and 35% of the total dollar

1807
00:51:26,100 --> 00:51:27,100
value will be going

1808
00:51:27,100 --> 00:51:28,100
to SBE firms

1809
00:51:28,100 --> 00:51:30,100
on those master service

1810
00:51:30,100 --> 00:51:32,100
agreement bench contracts.

1811
00:51:33,100 --> 00:51:35,100
So, the request is to approve

1812
00:51:35,100 --> 00:51:37,401
the capital appropriation of

1813
00:51:38,100 --> 00:51:40,100
$17,848,000

1814
00:51:41,100 --> 00:51:43,401
for this dispatch, access

1815
00:51:44,100 --> 00:51:46,100
control, and video management

1816
00:51:46,100 --> 00:51:48,100
system modernization project.

1817
00:51:49,100 --> 00:51:50,100
And I can answer any questions

1818
00:51:50,100 --> 00:51:52,401
if there are any.

1819
00:51:53,100 --> 00:51:55,100
Is it replacing all the ACAMs

1820
00:51:55,100 --> 00:51:57,100
on all the doors?

1821
00:51:57,100 --> 00:51:58,100
Some of those are faulty and

1822
00:51:58,100 --> 00:52:00,100
they go off.

1823
00:52:00,100 --> 00:52:02,100
So, no, this is actually

1824
00:52:02,100 --> 00:52:04,100
replacing our head-in system.

1825
00:52:04,100 --> 00:52:07,601
So, the vendor has advanced the

1826
00:52:08,100 --> 00:52:10,100
technology a couple versions

1827
00:52:10,100 --> 00:52:12,100
ahead of the version of the

1828
00:52:12,100 --> 00:52:13,100
platform that we're running

1829
00:52:13,100 --> 00:52:14,100
today.

1830
00:52:14,100 --> 00:52:15,100
So, we are upgrading the system

1831
00:52:15,100 --> 00:52:17,401
that actually controls the

1832
00:52:18,100 --> 00:52:20,100
controllers that then controls

1833
00:52:20,100 --> 00:52:21,100
all of the hardware that's

1834
00:52:21,100 --> 00:52:22,100
at the doors.

1835
00:52:22,100 --> 00:52:23,100
So, it's the brains

1836
00:52:23,100 --> 00:52:25,401
of the system itself.

1837
00:52:26,100 --> 00:52:28,100
Yes.

1838
00:52:30,100 --> 00:52:31,100
Questions from or comments

1839
00:52:31,100 --> 00:52:33,100
from the board?

1840
00:52:33,100 --> 00:52:35,100
Could I have a motion

1841
00:52:35,100 --> 00:52:37,100
to approve item number 13.

1842
00:52:37,100 --> 00:52:38,100
So moved.

1843
00:52:38,100 --> 00:52:39,100
Second.

1844
00:52:39,100 --> 00:52:40,100
Thank you commissioners

1845
00:52:40,100 --> 00:52:41,100
Velasco and La Bau.

1846
00:52:41,100 --> 00:52:42,100
All those in favor say aye.

1847
00:52:42,100 --> 00:52:43,100
Aye.

1848
00:52:43,100 --> 00:52:44,100
Any opposed?

1849
00:52:44,100 --> 00:52:45,100
The ayes have it.

1850
00:52:45,100 --> 00:52:47,100
Item number 13 is approved.

1851
00:52:47,100 --> 00:52:48,100
Thank you.

1852
00:52:48,100 --> 00:52:50,100
Thank you commissioners.

1853
00:52:51,100 --> 00:52:54,100
Moving to item number 14. Mr.

1854
00:52:54,100 --> 00:52:56,100
Doug Webster again.

1855
00:53:06,100 --> 00:53:07,100
Good morning, Vice President

1856
00:53:07,100 --> 00:53:09,100
Aramayo, Commissioners, CEO.

1857
00:53:11,100 --> 00:53:13,100
My name is Fu Tong with the

1858
00:53:13,100 --> 00:53:14,100
Facilities Management

1859
00:53:14,100 --> 00:53:15,100
Division.

1860
00:53:15,100 --> 00:53:16,100
I'll be speaking on this item

1861
00:53:16,100 --> 00:53:17,100
on behalf of Mr.

1862
00:53:17,100 --> 00:53:18,100
Webster.

1863
00:53:18,100 --> 00:53:21,100
Before you today is a request

1864
00:53:21,100 --> 00:53:23,100
to approve a five-year sole

1865
00:53:23,100 --> 00:53:24,100
source contract with Solar

1866
00:53:24,100 --> 00:53:26,100
Turbines Incorporated

1867
00:53:27,100 --> 00:53:28,100
in an amount not to exceed $16

1868
00:53:28,100 --> 00:53:30,100
million for the maintenance,

1869
00:53:30,100 --> 00:53:32,100
repair, technical support,

1870
00:53:32,100 --> 00:53:33,100
and overhaul services

1871
00:53:33,100 --> 00:53:35,100
for the two Mercury 50

1872
00:53:35,100 --> 00:53:37,100
Gas Turbines located

1873
00:53:37,100 --> 00:53:38,100
at the LX Central Utility

1874
00:53:38,100 --> 00:53:40,100
Plant.

1875
00:53:40,100 --> 00:53:41,100
Approximately $5 million of

1876
00:53:41,100 --> 00:53:43,100
this contract authority will be

1877
00:53:43,100 --> 00:53:44,100
allocated for the Beneficial

1878
00:53:44,100 --> 00:53:46,100
Use Service Agreement, which

1879
00:53:46,100 --> 00:53:47,100
includes a dedicated fleet

1880
00:53:47,100 --> 00:53:49,100
manager, on-site maintenance,

1881
00:53:50,100 --> 00:53:51,100
remote troubleshooting and

1882
00:53:51,100 --> 00:53:53,100
support, component replacement,

1883
00:53:53,100 --> 00:53:54,100
and schedule inspections and

1884
00:53:54,100 --> 00:53:56,100
reports.

1885
00:53:56,100 --> 00:53:57,100
The remaining $11 million will

1886
00:53:57,100 --> 00:53:59,100
be used for anticipated major

1887
00:53:59,100 --> 00:54:00,100
maintenance activities over the

1888
00:54:00,100 --> 00:54:02,401
next five years including

1889
00:54:03,100 --> 00:54:05,100
turbine overhauls recuperator

1890
00:54:05,100 --> 00:54:06,100
and replacements and major

1891
00:54:06,100 --> 00:54:08,100
repairs.

1892
00:54:08,100 --> 00:54:10,100
These two turbines are critical

1893
00:54:10,100 --> 00:54:13,100
components of LAX of LAWA's

1894
00:54:13,100 --> 00:54:15,100
energy infrastructure.

1895
00:54:15,100 --> 00:54:17,100
Installed in 2014 as part

1896
00:54:17,100 --> 00:54:19,100
of the cup replacement project,

1897
00:54:19,100 --> 00:54:20,100
each turbine generates

1898
00:54:20,100 --> 00:54:22,100
approximately 4.2 megawatts

1899
00:54:22,100 --> 00:54:24,100
of electricity to support the

1900
00:54:24,100 --> 00:54:25,100
thermal energy systems that

1901
00:54:25,100 --> 00:54:27,100
support cooling and heating

1902
00:54:27,100 --> 00:54:28,100
throughout the central terminal

1903
00:54:28,100 --> 00:54:31,100
area, admin east and the theme

1904
00:54:31,100 --> 00:54:32,100
building.

1905
00:54:32,100 --> 00:54:33,100
In addition to supporting cut

1906
00:54:33,100 --> 00:54:35,100
thermal systems, the turbines

1907
00:54:35,100 --> 00:54:36,100
also provide electrical power

1908
00:54:36,100 --> 00:54:39,100
to the CTA parking structures

1909
00:54:39,100 --> 00:54:41,100
2-6, airport traffic signal

1910
00:54:41,100 --> 00:54:43,100
systems, and lower-level

1911
00:54:45,100 --> 00:54:47,100
roadway lighting.

1912
00:54:48,100 --> 00:54:49,100
As a key component of LAWAS'

1913
00:54:49,100 --> 00:54:50,100
sustainability and resiliency

1914
00:54:50,100 --> 00:54:52,100
strategy, this cogeneration

1915
00:54:53,100 --> 00:54:55,100
system improves overall energy

1916
00:54:55,100 --> 00:54:57,100
efficiency by simultaneously

1917
00:54:57,100 --> 00:54:59,100
producing electricity, heating,

1918
00:54:59,100 --> 00:55:00,100
and cooling

1919
00:55:00,100 --> 00:55:02,100
from a single fuel source.

1920
00:55:02,100 --> 00:55:04,401
By capturing and reusing

1921
00:55:05,100 --> 00:55:07,100
thermal energy that would

1922
00:55:07,100 --> 00:55:08,100
otherwise be wasted, the cold

1923
00:55:08,100 --> 00:55:10,100
generation system reduces

1924
00:55:10,100 --> 00:55:11,100
operating costs,

1925
00:55:11,100 --> 00:55:13,100
lower greenhouse gas emissions,

1926
00:55:13,100 --> 00:55:15,100
and provides greater energy

1927
00:55:15,100 --> 00:55:16,100
resiliency compared to

1928
00:55:16,100 --> 00:55:18,100
conventional energy systems.

1929
00:55:19,100 --> 00:55:20,100
The result is a more efficient,

1930
00:55:20,100 --> 00:55:22,100
reliable, and sustainable

1931
00:55:22,100 --> 00:55:23,100
energy infrastructure that

1932
00:55:23,100 --> 00:55:25,100
supports airports' continuous

1933
00:55:25,100 --> 00:55:27,100
24-7 operations.

1934
00:55:28,100 --> 00:55:29,100
Because Solar Turbines is the

1935
00:55:29,100 --> 00:55:31,100
original equipment manufacturer

1936
00:55:32,100 --> 00:55:33,100
and has not authorized or

1937
00:55:33,100 --> 00:55:35,100
licensed any third party to

1938
00:55:35,100 --> 00:55:37,100
perform maintenance repairs or

1939
00:55:37,100 --> 00:55:39,100
overhauls on these turbines, a

1940
00:55:39,100 --> 00:55:40,100
sole source contract is

1941
00:55:40,100 --> 00:55:41,100
necessary

1942
00:55:41,100 --> 00:55:43,100
to ensure the continuous safe,

1943
00:55:43,100 --> 00:55:44,100
reliable,

1944
00:55:44,100 --> 00:55:45,100
and efficient operation of this

1945
00:55:45,100 --> 00:55:47,100
critical infrastructure.

1946
00:55:48,100 --> 00:55:49,100
Thank you and I'm available

1947
00:55:49,100 --> 00:55:52,601
for any questions you may have.

1948
00:55:57,100 --> 00:55:58,100
I have...just a question of

1949
00:55:58,100 --> 00:56:00,100
clarification.

1950
00:56:00,100 --> 00:56:01,100
I read the report.

1951
00:56:01,100 --> 00:56:02,100
It was, it was interesting that

1952
00:56:02,100 --> 00:56:03,100
it sounds

1953
00:56:03,100 --> 00:56:06,100
like no one else can do this.

1954
00:56:06,100 --> 00:56:08,100
They're the manufacturer, they

1955
00:56:08,100 --> 00:56:10,100
haven't authorized anyone

1956
00:56:12,100 --> 00:56:14,100
else. So, it sounds like into

1957
00:56:14,100 --> 00:56:15,100
perpetuity or certainly as long

1958
00:56:15,100 --> 00:56:18,100
as the cut equipment lasts.

1959
00:56:18,100 --> 00:56:20,100
This will be our vendor. Am I

1960
00:56:20,100 --> 00:56:22,100
reading that correctly?

1961
00:56:22,100 --> 00:56:24,100
That's correct.

1962
00:56:24,100 --> 00:56:26,100
You anticipate any new players

1963
00:56:26,100 --> 00:56:30,100
in that industry or this is it?

1964
00:56:30,100 --> 00:56:33,100
We are, we'll be looking at

1965
00:56:33,100 --> 00:56:35,100
other players that can provide

1966
00:56:35,100 --> 00:56:37,100
similar make and model that can

1967
00:56:37,100 --> 00:56:39,100
provide similar productivity

1968
00:56:40,100 --> 00:56:42,100
co-generation wise and we will

1969
00:56:42,100 --> 00:56:44,100
be seeing what's available

1970
00:56:44,100 --> 00:56:46,100
on the market right now.

1971
00:56:46,100 --> 00:56:47,100
From previous research there's

1972
00:56:47,100 --> 00:56:48,100
a lot of folks in this room

1973
00:56:48,100 --> 00:56:49,100
that have done a lot

1974
00:56:49,100 --> 00:56:50,100
of studies

1975
00:56:50,100 --> 00:56:52,100
on this previously.

1976
00:56:52,100 --> 00:56:53,100
There are vendors

1977
00:56:53,100 --> 00:56:54,100
out there are capable

1978
00:56:54,100 --> 00:56:55,100
of doing it.

1979
00:56:55,100 --> 00:56:56,100
However, there's a lot

1980
00:56:56,100 --> 00:56:58,100
of complexity when it comes

1981
00:56:58,100 --> 00:57:01,100
to swapping out the cogens.

1982
00:57:01,100 --> 00:57:03,100
So, obviously there's an

1983
00:57:03,100 --> 00:57:05,100
investment that needs

1984
00:57:05,100 --> 00:57:06,100
to be done and looked at.

1985
00:57:06,100 --> 00:57:07,100
And we have to look

1986
00:57:07,100 --> 00:57:09,100
at the overall cost analysis

1987
00:57:09,100 --> 00:57:11,100
to determine what's feasible

1988
00:57:11,100 --> 00:57:12,100
to be done.

1989
00:57:12,100 --> 00:57:15,100
And then whoever comes in,

1990
00:57:15,100 --> 00:57:16,100
you're in a way stuck with that

1991
00:57:16,100 --> 00:57:18,401
vendor or somebody equal.

1992
00:57:19,100 --> 00:57:20,100
Sounds like, we've got a

1993
00:57:20,100 --> 00:57:22,100
five-year time frame...

1994
00:57:25,100 --> 00:57:27,100
...next time around.

1995
00:57:28,100 --> 00:57:30,100
Yes, and that is where we're

1996
00:57:30,100 --> 00:57:31,100
having the discussion as we

1997
00:57:31,100 --> 00:57:33,100
speak.

1998
00:57:33,100 --> 00:57:34,100
We're going to be regrouping

1999
00:57:34,100 --> 00:57:35,100
with our Air Force

2000
00:57:35,100 --> 00:57:36,100
Development Group, our

2001
00:57:36,100 --> 00:57:37,100
environmental group,

2002
00:57:37,100 --> 00:57:38,100
and see what the plan

2003
00:57:38,100 --> 00:57:40,100
for will be.

2004
00:57:43,100 --> 00:57:44,100
Any other comments or questions

2005
00:57:44,100 --> 00:57:46,100
from the board?

2006
00:57:47,100 --> 00:57:48,100
Could I please have a motion

2007
00:57:48,100 --> 00:57:50,401
to approve item number 14?

2008
00:57:52,100 --> 00:57:54,100
So moved.

2009
00:57:54,100 --> 00:57:55,100
The second?

2010
00:57:55,100 --> 00:57:56,100
Second.

2011
00:57:56,100 --> 00:57:57,100
Thank you, Commissioners La

2012
00:57:57,100 --> 00:57:58,100
Bau and Narro.

2013
00:57:58,100 --> 00:57:59,100
All those in favor,

2014
00:57:59,100 --> 00:58:00,100
please say aye.

2015
00:58:00,100 --> 00:58:01,100
Aye.

2016
00:58:01,100 --> 00:58:03,100
Any opposed?

2017
00:58:03,100 --> 00:58:04,100
The ayes have it.

2018
00:58:04,100 --> 00:58:05,100
Item number 14 is approved.

2019
00:58:05,100 --> 00:58:06,100
Thank you.

2020
00:58:06,100 --> 00:58:08,100
Thank you.

2021
00:58:08,100 --> 00:58:10,100
And I'm also number 15, so I'm

2022
00:58:10,100 --> 00:58:11,100
sticking around.

2023
00:58:11,100 --> 00:58:12,100
Welcome back.

2024
00:58:12,100 --> 00:58:14,100
Short commute.

2025
00:58:14,100 --> 00:58:15,100
All right.

2026
00:58:15,100 --> 00:58:17,100
Item 15 is a request

2027
00:58:17,100 --> 00:58:18,100
to approve the second amendment

2028
00:58:18,100 --> 00:58:20,401
to contract DA-5660 with

2029
00:58:21,100 --> 00:58:23,100
Uniserve Facility Services

2030
00:58:23,100 --> 00:58:24,100
for RAM scrubbing, cleaning,

2031
00:58:24,100 --> 00:58:25,100
and sweeping services

2032
00:58:25,100 --> 00:58:26,100
at LAX.

2033
00:58:26,100 --> 00:58:28,100
This amendment will extend the

2034
00:58:28,100 --> 00:58:30,100
contract term by one year to

2035
00:58:30,100 --> 00:58:32,401
October 22, 2027, and add a

2036
00:58:33,100 --> 00:58:34,100
one-year renewal option and

2037
00:58:34,100 --> 00:58:35,100
increase the contract authority

2038
00:58:35,100 --> 00:58:38,100
by $3.2 million for a revised

2039
00:58:38,100 --> 00:58:40,100
not-to-exceed amount of $7

2040
00:58:40,100 --> 00:58:41,100
million.

2041
00:58:41,100 --> 00:58:42,100
These services are essential to

2042
00:58:42,100 --> 00:58:44,401
maintaining safe and reliable

2043
00:58:45,100 --> 00:58:47,100
airfield and RAM operations.

2044
00:58:47,100 --> 00:58:49,100
RAM scrubbing and sweeping are

2045
00:58:49,100 --> 00:58:50,100
performed

2046
00:58:50,100 --> 00:58:52,100
on a regular scheduled basis

2047
00:58:52,100 --> 00:58:54,100
to remove grease, oil, dirt,

2048
00:58:54,100 --> 00:58:56,100
and debris, maintain adequate

2049
00:58:56,100 --> 00:58:57,100
pavement surface traction for

2050
00:58:57,100 --> 00:58:59,100
aircraft towing and pushback

2051
00:58:59,100 --> 00:59:00,100
operations,

2052
00:59:00,100 --> 00:59:02,100
reduce slip and fall hazards

2053
00:59:02,100 --> 00:59:03,100
for ground operations

2054
00:59:03,100 --> 00:59:04,100
personnel,

2055
00:59:04,100 --> 00:59:05,100
and support compliance with FAA

2056
00:59:05,100 --> 00:59:07,100
regulations and requirements.

2057
00:59:08,100 --> 00:59:09,100
The current contract was

2058
00:59:09,100 --> 00:59:11,100
awarded in September 2023

2059
00:59:12,100 --> 00:59:15,100
with a not to excide amount of

2060
00:59:15,100 --> 00:59:16,100
$3 million and is scheduled to

2061
00:59:16,100 --> 00:59:18,401
expire in October 22nd, 2026.

2062
00:59:19,100 --> 00:59:22,100
In April 2026, the board had

2063
00:59:22,100 --> 00:59:24,100
previously approved a First

2064
00:59:24,100 --> 00:59:26,100
Amendment increasing the

2065
00:59:26,100 --> 00:59:27,100
contract authority by

2066
00:59:27,100 --> 00:59:28,100
$800,000, bringing the total

2067
00:59:28,100 --> 00:59:30,100
contract to $3.8 million.

2068
00:59:31,100 --> 00:59:33,100
However, due to ongoing

2069
00:59:33,100 --> 00:59:35,100
operational service

2070
00:59:35,100 --> 00:59:36,100
requirements, increased labor

2071
00:59:36,100 --> 00:59:37,100
costs,

2072
00:59:37,100 --> 00:59:38,100
including adjustments

2073
00:59:38,100 --> 00:59:39,100
associated with the city's

2074
00:59:39,100 --> 00:59:41,100
living wage ordinance,

2075
00:59:41,100 --> 00:59:42,100
and additional time required to

2076
00:59:42,100 --> 00:59:43,100
complete a competitive

2077
00:59:43,100 --> 00:59:45,100
solicitation

2078
00:59:45,100 --> 00:59:47,100
for accessor contract, the

2079
00:59:47,100 --> 00:59:48,100
remaining contract authority is

2080
00:59:48,100 --> 00:59:50,100
no longer sufficient

2081
00:59:50,100 --> 00:59:51,100
to support services

2082
00:59:51,100 --> 00:59:52,100
through the contract term.

2083
00:59:52,100 --> 00:59:54,100
The contract includes

2084
00:59:54,100 --> 00:59:56,100
participation goals of 15% for

2085
00:59:56,100 --> 00:59:58,100
small business enterprise and

2086
00:59:58,100 --> 01:00:00,100
2% for disabled veteran

2087
01:00:00,100 --> 01:00:02,100
business enterprise.

2088
01:00:02,100 --> 01:00:04,100
Uniserve has met these goals

2089
01:00:04,100 --> 01:00:06,100
achieving 18.1...I'm sorry,

2090
01:00:06,100 --> 01:00:08,100
15.81% participation

2091
01:00:09,100 --> 01:00:11,100
in subcontracting expenditures

2092
01:00:11,100 --> 01:00:12,100
through Facility Force

2093
01:00:12,100 --> 01:00:14,100
Corporation, which is certified

2094
01:00:14,100 --> 01:00:18,201
as both an SB and a DVBE.

2095
01:00:20,100 --> 01:00:21,100
While the board report

2096
01:00:21,100 --> 01:00:22,100
currently reflects a

2097
01:00:22,100 --> 01:00:24,100
participation rate of 12.4%,

2098
01:00:25,100 --> 01:00:27,100
the most current data available

2099
01:00:27,100 --> 01:00:31,100
in the B2G Now system shows

2100
01:00:31,100 --> 01:00:33,100
that there are 15.81%.

2101
01:00:34,100 --> 01:00:35,100
This amendment will provide the

2102
01:00:35,100 --> 01:00:37,100
necessary time and funding to

2103
01:00:37,100 --> 01:00:39,100
maintain uninterrupted ramp

2104
01:00:40,100 --> 01:00:41,100
scrubbing, cleaning, and

2105
01:00:41,100 --> 01:00:43,100
sweeping surfaces while staff

2106
01:00:43,100 --> 01:00:44,100
completes the competitive

2107
01:00:44,100 --> 01:00:45,100
procurement process

2108
01:00:45,100 --> 01:00:47,100
for a successor agreement.

2109
01:00:47,100 --> 01:00:49,100
If a successor contract is

2110
01:00:49,100 --> 01:00:51,100
awarded and executed sooner,

2111
01:00:51,100 --> 01:00:52,100
LAWA retains the ability to

2112
01:00:52,100 --> 01:00:54,100
terminate the current contract

2113
01:00:54,100 --> 01:00:56,100
for convenience.

2114
01:00:56,100 --> 01:00:57,100
Thank you, and I'm available

2115
01:00:57,100 --> 01:00:58,100
for any questions regarding

2116
01:00:58,100 --> 01:01:00,100
this item.

2117
01:01:03,100 --> 01:01:04,100
Quick question.

2118
01:01:04,100 --> 01:01:05,100
How many subcontractors are

2119
01:01:05,100 --> 01:01:07,100
involved?

2120
01:01:07,100 --> 01:01:08,100
One.

2121
01:01:08,100 --> 01:01:09,100
Facilities force.

2122
01:01:09,100 --> 01:01:10,100
When you bring

2123
01:01:10,100 --> 01:01:11,100
in a subcontractor, is it the

2124
01:01:11,100 --> 01:01:12,100
contractor's responsibility

2125
01:01:12,100 --> 01:01:15,100
to inform them about the living

2126
01:01:15,100 --> 01:01:16,100
wage ordinance and other

2127
01:01:16,100 --> 01:01:18,100
policies?

2128
01:01:18,100 --> 01:01:20,401
Is that our obligation?

2129
01:01:21,100 --> 01:01:23,100
That I'm not clear.

2130
01:01:23,100 --> 01:01:24,100
I can get back to you

2131
01:01:24,100 --> 01:01:25,100
on that one.

2132
01:01:25,100 --> 01:01:26,100
Ms.

2133
01:01:26,100 --> 01:01:28,100
Hopenstam?

2134
01:01:29,100 --> 01:01:30,100
Yes.

2135
01:01:30,100 --> 01:01:31,100
It is a common...

2136
01:01:31,100 --> 01:01:32,100
contract term

2137
01:01:32,100 --> 01:01:34,100
to require the contractor to

2138
01:01:34,100 --> 01:01:36,100
include as a mandatory

2139
01:01:36,100 --> 01:01:37,100
provision

2140
01:01:37,100 --> 01:01:39,100
in all subcontract?s information

2141
01:01:39,100 --> 01:01:40,100
of such items and mandatory

2142
01:01:40,100 --> 01:01:42,100
policies and ordinances as a

2143
01:01:42,100 --> 01:01:44,100
living wage.

2144
01:01:46,100 --> 01:01:48,100
Any other questions?

2145
01:01:49,100 --> 01:01:50,100
Could I please have a motion to

2146
01:01:50,100 --> 01:01:52,100
approve item number 15?

2147
01:01:55,100 --> 01:01:56,100
I make a motion.

2148
01:01:56,100 --> 01:01:57,100
Second.

2149
01:01:57,100 --> 01:01:58,100
Thank you, Commissioners Narro

2150
01:01:58,100 --> 01:02:00,100
and Roxborough.

2151
01:02:00,100 --> 01:02:01,100
All those in favor,

2152
01:02:01,100 --> 01:02:02,100
please say aye.

2153
01:02:02,100 --> 01:02:03,100
Aye.

2154
01:02:03,100 --> 01:02:04,100
Any opposed?

2155
01:02:04,100 --> 01:02:06,401
Item number 15 is approved.

2156
01:02:07,100 --> 01:02:08,100
Thank you.

2157
01:02:08,100 --> 01:02:10,100
Thank you, commissioners.

2158
01:02:10,100 --> 01:02:12,100
Moving on to item number 16,

2159
01:02:12,100 --> 01:02:13,100
Ms.

2160
01:02:13,100 --> 01:02:15,100
Chandler.

2161
01:02:15,100 --> 01:02:17,100
Good morning, commissioners.

2162
01:02:17,100 --> 01:02:18,100
Good morning, Vice President

2163
01:02:18,100 --> 01:02:20,401
Aramayo and board and

2164
01:02:21,100 --> 01:02:22,100
Commissioner Daniels, Welcome

2165
01:02:22,100 --> 01:02:23,100
and thank you

2166
01:02:23,100 --> 01:02:24,100
for being here and thank you

2167
01:02:24,100 --> 01:02:26,100
for your service.

2168
01:02:26,100 --> 01:02:29,100
So, I am here to request...

2169
01:02:29,100 --> 01:02:31,100
that you adopt the staff report

2170
01:02:31,100 --> 01:02:33,100
and approve the award, a

2171
01:02:33,100 --> 01:02:35,401
three-year contract award for...

2172
01:02:36,100 --> 01:02:38,100
with two additional one-year

2173
01:02:38,100 --> 01:02:40,100
term options to Baker Tilly

2174
01:02:40,100 --> 01:02:43,100
for our external audit services

2175
01:02:43,100 --> 01:02:46,100
for LAWA and in the amount not

2176
01:02:46,100 --> 01:02:48,100
to exceed 1.65 million.

2177
01:02:52,100 --> 01:02:54,100
Questions?

2178
01:02:54,100 --> 01:02:55,100
Oh, I'm sorry.

2179
01:02:55,100 --> 01:02:56,100
It's not a presentation.

2180
01:02:56,100 --> 01:02:58,100
It's an audit.

2181
01:02:59,100 --> 01:03:00,100
She was so fascinated by the

2182
01:03:00,100 --> 01:03:02,100
CSF.

2183
01:03:03,100 --> 01:03:04,100
Maybe I should introduce

2184
01:03:04,100 --> 01:03:05,100
myself, Antoinette Chandler,

2185
01:03:05,100 --> 01:03:06,100
CFO.

2186
01:03:06,100 --> 01:03:09,100
Audit is important to me.

2187
01:03:09,100 --> 01:03:10,100
So all good.

2188
01:03:10,100 --> 01:03:11,100
Just to give you guys,

2189
01:03:11,100 --> 01:03:13,100
I won't belabor this, but we

2190
01:03:13,100 --> 01:03:15,100
did run a competitive process.

2191
01:03:15,100 --> 01:03:17,100
We went through a thorough

2192
01:03:17,100 --> 01:03:19,401
evaluation and decided that

2193
01:03:20,100 --> 01:03:22,100
Baker Tilly was the most

2194
01:03:22,100 --> 01:03:23,100
qualified,

2195
01:03:23,100 --> 01:03:25,100
the best positioned firm

2196
01:03:25,100 --> 01:03:26,100
for us to continue

2197
01:03:26,100 --> 01:03:27,100
to work with.

2198
01:03:27,100 --> 01:03:29,100
And I'll just say exciting

2199
01:03:29,100 --> 01:03:32,100
about Baker Tilly meeting these

2200
01:03:32,100 --> 01:03:33,100
business enterprise goals.

2201
01:03:33,100 --> 01:03:36,100
So, they have some actually

2202
01:03:36,100 --> 01:03:38,100
subcontracted with as part

2203
01:03:38,100 --> 01:03:39,100
of their RFP process with

2204
01:03:39,100 --> 01:03:40,100
Simpson & Simpson, which is a

2205
01:03:40,100 --> 01:03:42,100
minority-owned firm.

2206
01:03:42,100 --> 01:03:44,100
So that's just fantastic,

2207
01:03:44,100 --> 01:03:46,100
their commitment to align

2208
01:03:46,100 --> 01:03:49,100
with our goals and objectives.

2209
01:03:49,100 --> 01:03:51,100
You all know this is mandate

2210
01:03:51,100 --> 01:03:53,100
by our indenture that we have

2211
01:03:53,100 --> 01:03:55,100
to come forward with an

2212
01:03:55,100 --> 01:03:56,100
external audit every year.

2213
01:03:56,100 --> 01:03:58,100
I will say that it's just a

2214
01:03:58,100 --> 01:03:59,100
reminder here that it's just

2215
01:03:59,100 --> 01:04:01,100
good governance and good

2216
01:04:01,100 --> 01:04:02,100
business practice,

2217
01:04:02,100 --> 01:04:03,100
good corporate governance

2218
01:04:03,100 --> 01:04:05,100
to have an audit every year.

2219
01:04:05,100 --> 01:04:08,601
So with that, I am asking

2220
01:04:09,100 --> 01:04:11,100
for your approval

2221
01:04:11,100 --> 01:04:12,100
of this contract not

2222
01:04:12,100 --> 01:04:14,100
to exceed $1.65 million

2223
01:04:15,100 --> 01:04:16,100
over the three-year term

2224
01:04:16,100 --> 01:04:18,401
with two one-year options.

2225
01:04:20,100 --> 01:04:21,100
Any questions?

2226
01:04:21,100 --> 01:04:22,100
Yes, I have a question.

2227
01:04:22,100 --> 01:04:23,100
This is a new contract

2228
01:04:23,100 --> 01:04:25,100
with this company, right? That

2229
01:04:25,100 --> 01:04:26,100
we didn't contract

2230
01:04:26,100 --> 01:04:27,100
with them before?

2231
01:04:27,100 --> 01:04:28,100
Uh, we have

2232
01:04:28,100 --> 01:04:29,100
contracted with them before.

2233
01:04:29,100 --> 01:04:31,100
They actually are an incumbent,

2234
01:04:31,100 --> 01:04:32,100
and they've been with us

2235
01:04:32,100 --> 01:04:33,100
for eight years.

2236
01:04:33,100 --> 01:04:34,100
Okay. Thank you.

2237
01:04:34,100 --> 01:04:36,100
And on that question, I'm going

2238
01:04:36,100 --> 01:04:37,100
to save a lot of time for

2239
01:04:37,100 --> 01:04:39,100
Vice Chair Aramayo

2240
01:04:39,100 --> 01:04:42,100
to ask questions on this.

2241
01:04:42,100 --> 01:04:44,100
On a serious note,

2242
01:04:44,100 --> 01:04:46,100
how many proposals were there

2243
01:04:46,100 --> 01:04:47,100
in addition?

2244
01:04:47,100 --> 01:04:48,100
Nine.

2245
01:04:48,100 --> 01:04:49,100
Yes.

2246
01:04:49,100 --> 01:04:50,100
So,

2247
01:04:50,100 --> 01:04:51,100
there were, oops, I'll go back.

2248
01:04:51,100 --> 01:04:52,100
I heard somebody say nine.

2249
01:04:52,100 --> 01:04:53,100
Nine proposals.

2250
01:04:53,100 --> 01:04:54,100
Okay. I missed that.

2251
01:04:54,100 --> 01:04:55,100
Then I agree with you

2252
01:04:55,100 --> 01:04:56,100
about the due diligence,

2253
01:04:56,100 --> 01:04:57,100
and I appreciate you commenting

2254
01:04:57,100 --> 01:04:58,100
on that. And they also have

2255
01:04:58,100 --> 01:05:00,100
expertise for the bond issuance

2256
01:05:00,100 --> 01:05:01,100
issue that is on the agenda

2257
01:05:01,100 --> 01:05:03,401
for today as well.

2258
01:05:04,100 --> 01:05:05,100
Correct.

2259
01:05:05,100 --> 01:05:06,100
Okay.

2260
01:05:06,100 --> 01:05:07,100
That's very important as well.

2261
01:05:07,100 --> 01:05:08,100
So, thank you for that.

2262
01:05:08,100 --> 01:05:09,100
Appreciate it.

2263
01:05:09,100 --> 01:05:10,100
Thank you.

2264
01:05:10,100 --> 01:05:11,100
Can you go

2265
01:05:11,100 --> 01:05:13,401
to the next slide?

2266
01:05:14,100 --> 01:05:15,100
Three-year base

2267
01:05:15,100 --> 01:05:16,100
with two-year option.

2268
01:05:16,100 --> 01:05:18,100
So, they'll be doing an audit

2269
01:05:18,100 --> 01:05:20,100
for three fiscal years?

2270
01:05:20,100 --> 01:05:21,100
Three fiscal years,

2271
01:05:21,100 --> 01:05:22,100
starting this fiscal year for

2272
01:05:22,100 --> 01:05:23,100
27.

2273
01:05:23,100 --> 01:05:24,100
Perfect.

2274
01:05:24,100 --> 01:05:26,100
And I would add, didn't expect

2275
01:05:26,100 --> 01:05:27,100
to spend this much time

2276
01:05:27,100 --> 01:05:29,100
on the audit, but I'm happy

2277
01:05:29,100 --> 01:05:30,100
to do that,

2278
01:05:30,100 --> 01:05:31,100
that we will be bringing

2279
01:05:31,100 --> 01:05:32,100
Baker Tilly forward

2280
01:05:32,100 --> 01:05:35,100
for audit committee next month.

2281
01:05:35,100 --> 01:05:36,100
So, you'll have an opportunity

2282
01:05:36,100 --> 01:05:39,100
to engage and get some more

2283
01:05:39,100 --> 01:05:40,100
clarity on the scope

2284
01:05:40,100 --> 01:05:42,401
of our audit for 27.

2285
01:05:43,100 --> 01:05:44,100
That was a side question later.

2286
01:05:44,100 --> 01:05:45,100
Thank you.

2287
01:05:45,100 --> 01:05:46,100
Okay.

2288
01:05:46,100 --> 01:05:47,100
Thank you.

2289
01:05:47,100 --> 01:05:48,100
The amount not to exceed $1.6

2290
01:05:48,100 --> 01:05:50,100
million includes the two

2291
01:05:50,100 --> 01:05:52,100
one-year options?

2292
01:05:52,100 --> 01:05:53,100
It includes.

2293
01:05:53,100 --> 01:05:54,100
That does include the two

2294
01:05:54,100 --> 01:05:55,100
one-year options.

2295
01:05:55,100 --> 01:05:56,100
Thank you.

2296
01:05:56,100 --> 01:05:57,100
Any other questions or

2297
01:05:57,100 --> 01:05:58,100
comments?

2298
01:05:58,100 --> 01:05:59,100
I have a new commissioner

2299
01:05:59,100 --> 01:06:00,100
question.

2300
01:06:00,100 --> 01:06:02,100
Okay.

2301
01:06:02,100 --> 01:06:05,100
LAX always had clean audits?

2302
01:06:07,100 --> 01:06:08,100
Always is a long time.

2303
01:06:08,100 --> 01:06:10,100
Yeah.

2304
01:06:10,100 --> 01:06:12,100
In the last 10 years.

2305
01:06:12,100 --> 01:06:14,100
Seriously, what's been LAX's

2306
01:06:14,100 --> 01:06:16,100
history...audits?

2307
01:06:17,100 --> 01:06:18,100
Well, I haven't been here for

2308
01:06:18,100 --> 01:06:20,100
10 years but I can tell you...

2309
01:06:20,100 --> 01:06:22,100
I'm just curious.

2310
01:06:22,100 --> 01:06:23,100
Yeah,

2311
01:06:23,100 --> 01:06:24,100
but I can tell you the last 5

2312
01:06:24,100 --> 01:06:26,100
years I know, clean audit, 10

2313
01:06:26,100 --> 01:06:28,100
years, clean audit.

2314
01:06:31,100 --> 01:06:32,100
Clean audit, but...

2315
01:06:32,100 --> 01:06:34,100
sometimes means corrections

2316
01:06:36,100 --> 01:06:37,100
encouraged by the auditor.

2317
01:06:37,100 --> 01:06:39,100
So I've been here 20 years,

2318
01:06:39,100 --> 01:06:41,100
and so during that,

2319
01:06:41,100 --> 01:06:42,100
I don't know if it was the last

2320
01:06:42,100 --> 01:06:43,100
10 years, but there have been

2321
01:06:43,100 --> 01:06:44,100
times when we've had audits and

2322
01:06:44,100 --> 01:06:45,100
recommendations,

2323
01:06:45,100 --> 01:06:46,100
and then we take on those

2324
01:06:46,100 --> 01:06:48,100
recommendations that become

2325
01:06:48,100 --> 01:06:49,100
part of the report.

2326
01:06:49,100 --> 01:06:51,100
Yeah, so when the auditors come

2327
01:06:51,100 --> 01:06:53,100
in, they give us a qualified

2328
01:06:53,100 --> 01:06:54,100
opinion, okay?

2329
01:06:54,100 --> 01:06:56,100
So that would be characterized

2330
01:06:56,100 --> 01:06:57,100
as a clean audit.

2331
01:06:57,100 --> 01:06:59,100
Now, with that, they do

2332
01:06:59,100 --> 01:07:00,100
provide,

2333
01:07:00,100 --> 01:07:01,100
as they're doing their audit,

2334
01:07:01,100 --> 01:07:03,100
any management recommendations

2335
01:07:03,100 --> 01:07:05,100
where there's improvement for

2336
01:07:05,100 --> 01:07:07,100
internal controls and the like.

2337
01:07:07,100 --> 01:07:09,100
They also take a look at,

2338
01:07:09,100 --> 01:07:11,100
so we do a single audit,

2339
01:07:11,100 --> 01:07:12,100
and we're required to do a

2340
01:07:12,100 --> 01:07:14,100
single audit whenever you take

2341
01:07:14,100 --> 01:07:16,100
on federal dollars.

2342
01:07:16,100 --> 01:07:18,100
And so, they, you know,

2343
01:07:18,100 --> 01:07:19,100
our process of going

2344
01:07:19,100 --> 01:07:20,100
through all that,

2345
01:07:20,100 --> 01:07:21,100
making sure that we're

2346
01:07:21,100 --> 01:07:22,100
in compliance there,

2347
01:07:22,100 --> 01:07:23,100
if they find any

2348
01:07:23,100 --> 01:07:24,100
recommendations to help

2349
01:07:24,100 --> 01:07:26,100
strengthen our compliance

2350
01:07:26,100 --> 01:07:27,100
process, they'll make those

2351
01:07:27,100 --> 01:07:29,100
recommendations.

2352
01:07:29,100 --> 01:07:30,100
There's a few of us

2353
01:07:30,100 --> 01:07:31,100
on the audit committee,

2354
01:07:31,100 --> 01:07:32,100
so we have a meeting

2355
01:07:32,100 --> 01:07:35,100
to have an exchange with the

2356
01:07:35,100 --> 01:07:37,100
auditors and also ask them

2357
01:07:37,100 --> 01:07:39,100
questions.

2358
01:07:39,100 --> 01:07:40,100
That is correct,

2359
01:07:40,100 --> 01:07:42,100
and that will be August 27th.

2360
01:07:42,100 --> 01:07:44,100
We'll come before you.

2361
01:07:44,100 --> 01:07:45,100
But any suggestions that the

2362
01:07:45,100 --> 01:07:46,100
auditor may make when

2363
01:07:46,100 --> 01:07:47,100
evaluating, I mean, that's

2364
01:07:47,100 --> 01:07:49,100
normal, right?

2365
01:07:49,100 --> 01:07:50,100
Correct.

2366
01:07:50,100 --> 01:07:51,100
That's part of the normal audit

2367
01:07:51,100 --> 01:07:54,100
process and not negating or

2368
01:07:54,100 --> 01:07:56,100
making it non-clean.

2369
01:07:56,100 --> 01:07:57,100
Yeah.

2370
01:07:57,100 --> 01:07:58,100
And I just want to be clear,

2371
01:07:58,100 --> 01:08:00,100
we can have a qualified opinion

2372
01:08:00,100 --> 01:08:02,100
with recommendations.

2373
01:08:02,100 --> 01:08:03,100
Right.

2374
01:08:03,100 --> 01:08:04,100
Right.

2375
01:08:04,100 --> 01:08:05,100
Very good.

2376
01:08:05,100 --> 01:08:06,100
Any other questions or

2377
01:08:06,100 --> 01:08:07,100
comments?

2378
01:08:07,100 --> 01:08:08,100
Vice President Aramayo, if I

2379
01:08:08,100 --> 01:08:10,100
may, I'm the one who decided

2380
01:08:10,100 --> 01:08:11,100
to put this

2381
01:08:11,100 --> 01:08:12,100
on the regular agenda.

2382
01:08:12,100 --> 01:08:13,100
And the reason I did it is kind

2383
01:08:13,100 --> 01:08:14,100
of what Commissioner

2384
01:08:14,100 --> 01:08:15,100
Roxborough said, that this is,

2385
01:08:15,100 --> 01:08:16,100
you know,

2386
01:08:16,100 --> 01:08:17,100
we have multiple layers of

2387
01:08:17,100 --> 01:08:18,100
governance and controls and

2388
01:08:18,100 --> 01:08:19,100
experts that help us do our

2389
01:08:19,100 --> 01:08:20,100
jobs.

2390
01:08:20,100 --> 01:08:22,100
Baker Tilly is one of the firms

2391
01:08:22,100 --> 01:08:23,100
that, you know, we rely

2392
01:08:23,100 --> 01:08:24,100
on as staff

2393
01:08:24,100 --> 01:08:25,100
to make sure that, you know,

2394
01:08:25,100 --> 01:08:26,100
we're keeping our books

2395
01:08:26,100 --> 01:08:28,100
properly in layman's terms and

2396
01:08:28,100 --> 01:08:29,100
that you rely

2397
01:08:29,100 --> 01:08:30,100
on as commissioners.

2398
01:08:30,100 --> 01:08:31,100
So, we thought it was important

2399
01:08:31,100 --> 01:08:33,100
to show you and have a little

2400
01:08:33,100 --> 01:08:34,100
discussion about this.

2401
01:08:34,100 --> 01:08:35,100
Not as long as we expected, but

2402
01:08:35,100 --> 01:08:36,100
I think it was a healthy

2403
01:08:36,100 --> 01:08:37,100
discussion because this is a

2404
01:08:37,100 --> 01:08:38,100
really important part of the

2405
01:08:38,100 --> 01:08:40,100
governance process that the

2406
01:08:40,100 --> 01:08:41,100
public expects of us.

2407
01:08:41,100 --> 01:08:43,100
Yep.

2408
01:08:43,100 --> 01:08:45,100
Thank you.

2409
01:08:45,100 --> 01:08:46,100
Thank you.

2410
01:08:46,100 --> 01:08:47,100
Could I have a motion

2411
01:08:47,100 --> 01:08:48,100
to approve item number 16?

2412
01:08:48,100 --> 01:08:49,100
So moved.

2413
01:08:49,100 --> 01:08:50,100
Thank you, Commissioners

2414
01:08:50,100 --> 01:08:52,100
Roxborough and La Bau.

2415
01:08:52,100 --> 01:08:54,100
All those in favor,

2416
01:08:54,100 --> 01:08:55,100
please say aye.

2417
01:08:55,100 --> 01:08:56,100
Aye.

2418
01:08:56,100 --> 01:08:57,100
Any opposed?

2419
01:08:57,100 --> 01:08:58,100
The ayes have it.

2420
01:08:58,100 --> 01:08:59,100
Thank you very much, Mr.

2421
01:08:59,100 --> 01:09:00,100
Chandler.

2422
01:09:00,100 --> 01:09:02,100
Item number 16 is approved.

2423
01:09:02,100 --> 01:09:05,100
Moving on to item number 17,

2424
01:09:05,100 --> 01:09:07,100
I'd like to invite Ms.

2425
01:09:07,100 --> 01:09:09,100
Chandler to say.

2426
01:09:09,100 --> 01:09:11,100
Thank you.

2427
01:09:12,100 --> 01:09:14,100
Okay, so I'll jump right

2428
01:09:14,100 --> 01:09:16,100
in here on our commercial paper

2429
01:09:16,100 --> 01:09:17,100
program.

2430
01:09:17,100 --> 01:09:19,100
So, we are here seeking your

2431
01:09:19,100 --> 01:09:21,100
approval for the replacement of

2432
01:09:21,100 --> 01:09:23,100
the financial institutions that

2433
01:09:23,100 --> 01:09:25,401
provide the liquidity facility,

2434
01:09:26,100 --> 01:09:27,100
letter

2435
01:09:27,100 --> 01:09:28,100
of credit as we call them, that

2436
01:09:28,100 --> 01:09:29,100
supports our commercial paper

2437
01:09:29,100 --> 01:09:31,100
program.

2438
01:09:33,100 --> 01:09:35,100
And so, when we step back and

2439
01:09:35,100 --> 01:09:37,100
think about the size and scope

2440
01:09:37,100 --> 01:09:39,100
of our...

2441
01:09:39,100 --> 01:09:42,100
our capital program there are a

2442
01:09:42,100 --> 01:09:43,100
couple of mechanisms that we

2443
01:09:43,100 --> 01:09:45,100
can use when we go out to

2444
01:09:45,100 --> 01:09:48,100
actually fund that. Our capital

2445
01:09:49,100 --> 01:09:50,100
program we can do short-term

2446
01:09:50,100 --> 01:09:52,100
borrowing and then we can do

2447
01:09:52,100 --> 01:09:53,100
long-term borrowing and I'm

2448
01:09:53,100 --> 01:09:55,100
going to be talking about just

2449
01:09:55,100 --> 01:09:57,100
here briefly both those

2450
01:09:57,100 --> 01:09:58,100
mechanisms that we use

2451
01:09:58,100 --> 01:09:59,100
for funding our capital

2452
01:09:59,100 --> 01:10:02,100
projects. In this case we have a

2453
01:10:02,100 --> 01:10:04,100
commercial paper program and

2454
01:10:04,100 --> 01:10:06,401
we're coming before you

2455
01:10:07,100 --> 01:10:08,100
informing you that the capacity

2456
01:10:08,100 --> 01:10:10,100
on that program is $500

2457
01:10:10,100 --> 01:10:11,100
million.

2458
01:10:11,100 --> 01:10:13,401
We've gone through a

2459
01:10:14,100 --> 01:10:15,100
competitive process.

2460
01:10:15,100 --> 01:10:18,100
There were five proposers that

2461
01:10:19,100 --> 01:10:20,100
came to us asking if they could

2462
01:10:20,100 --> 01:10:21,100
provide us

2463
01:10:21,100 --> 01:10:23,401
with this liquidity facility,

2464
01:10:24,100 --> 01:10:25,100
the letter of credit.

2465
01:10:25,100 --> 01:10:26,100
And of those,

2466
01:10:26,100 --> 01:10:28,401
we actually chose two.

2467
01:10:29,100 --> 01:10:30,100
One is an incumbent, Bank of

2468
01:10:30,100 --> 01:10:32,100
America.

2469
01:10:32,100 --> 01:10:34,100
And then the other one is a new

2470
01:10:34,100 --> 01:10:36,100
entrant for us in terms

2471
01:10:36,100 --> 01:10:37,100
of the credit facility,

2472
01:10:37,100 --> 01:10:39,401
which is TD Bank.

2473
01:10:40,100 --> 01:10:42,100
Bank of America has provided us

2474
01:10:42,100 --> 01:10:44,100
with $300 million

2475
01:10:44,100 --> 01:10:46,401
in credit facility support.

2476
01:10:48,100 --> 01:10:49,100
Previously, they were $100

2477
01:10:49,100 --> 01:10:50,100
million,

2478
01:10:50,100 --> 01:10:52,100
so they did step up their

2479
01:10:52,100 --> 01:10:53,100
commitment, $200 million,

2480
01:10:53,100 --> 01:10:54,100
and so we're thankful

2481
01:10:54,100 --> 01:10:55,000
for that, by $200 million.

2482
01:10:55,000 --> 01:10:57,100
And then we have TD Bank that

2483
01:10:57,100 --> 01:10:59,401
came in at $200 million.

2484
01:11:00,100 --> 01:11:01,100
to comprise the $500 million

2485
01:11:01,100 --> 01:11:03,100
of coverage.

2486
01:11:03,100 --> 01:11:05,100
One other thing that I think is

2487
01:11:05,100 --> 01:11:07,100
important just structure-wise

2488
01:11:07,100 --> 01:11:09,100
for you all to know,

2489
01:11:09,100 --> 01:11:11,100
we as part of our credit

2490
01:11:11,100 --> 01:11:13,100
facilities we had four-year

2491
01:11:13,100 --> 01:11:14,100
term.

2492
01:11:14,100 --> 01:11:15,100
This year we went out and

2493
01:11:15,100 --> 01:11:17,100
decided to go with a five-year

2494
01:11:17,100 --> 01:11:19,100
term as we're thinking about

2495
01:11:19,100 --> 01:11:21,100
what our funding needs will be

2496
01:11:21,100 --> 01:11:23,100
over the next five years.

2497
01:11:23,100 --> 01:11:24,100
So we just wanted to map that

2498
01:11:24,100 --> 01:11:25,100
accordingly and make sure we

2499
01:11:25,100 --> 01:11:27,100
had the right level

2500
01:11:27,100 --> 01:11:29,100
of capacity.

2501
01:11:29,100 --> 01:11:31,100
And from a cost standpoint,

2502
01:11:31,100 --> 01:11:33,100
that extra year, I'm going

2503
01:11:33,100 --> 01:11:35,100
to speak Wall Street terms,

2504
01:11:35,100 --> 01:11:36,100
only cost us

2505
01:11:36,100 --> 01:11:37,100
about two basis points.

2506
01:11:37,100 --> 01:11:39,100
So for the amount of credit

2507
01:11:39,100 --> 01:11:41,100
that they are providing to us

2508
01:11:41,100 --> 01:11:42,100
to extend a year,

2509
01:11:42,100 --> 01:11:43,100
it just made sense

2510
01:11:43,100 --> 01:11:44,100
to do that.

2511
01:11:44,100 --> 01:11:45,100
So that's why we went

2512
01:11:45,100 --> 01:11:47,100
with the five years.

2513
01:11:47,100 --> 01:11:49,401
We currently have about $390

2514
01:11:51,100 --> 01:11:52,100
million outstanding on that.

2515
01:11:52,100 --> 01:11:55,100
And when I talk about our

2516
01:11:55,100 --> 01:11:57,100
long-term...

2517
01:11:58,100 --> 01:12:00,100
the bond financing.

2518
01:12:01,100 --> 01:12:02,100
I'll talk

2519
01:12:02,100 --> 01:12:03,100
about how we're going to take

2520
01:12:03,100 --> 01:12:05,100
out some of this short term.

2521
01:12:05,100 --> 01:12:07,100
But the simple way to think

2522
01:12:07,100 --> 01:12:09,100
about this is when we get ready

2523
01:12:09,100 --> 01:12:11,100
to fund a capital project,

2524
01:12:11,100 --> 01:12:12,100
it's much more cost effective

2525
01:12:12,100 --> 01:12:14,100
for us and efficient for us to

2526
01:12:14,100 --> 01:12:17,100
use a commercial paper program,

2527
01:12:17,100 --> 01:12:18,100
like basically bridge

2528
01:12:18,100 --> 01:12:19,100
financing.

2529
01:12:19,100 --> 01:12:21,100
And then when we are ready and

2530
01:12:21,100 --> 01:12:22,100
the market conditions are right

2531
01:12:22,100 --> 01:12:24,100
for us to do so, we'll take

2532
01:12:24,100 --> 01:12:26,100
out that financing

2533
01:12:26,100 --> 01:12:27,100
and fix it out long term

2534
01:12:27,100 --> 01:12:29,100
over a 30-year period.

2535
01:12:29,100 --> 01:12:30,100
Because a commercial paper

2536
01:12:30,100 --> 01:12:31,100
program,

2537
01:12:31,100 --> 01:12:33,100
we can only issue maturities up

2538
01:12:33,100 --> 01:12:35,100
to 270 days, and typically we

2539
01:12:35,100 --> 01:12:37,100
do, we kind of roll it for

2540
01:12:37,100 --> 01:12:39,100
about every 60 days.

2541
01:12:39,100 --> 01:12:40,100
So we go out into the market

2542
01:12:40,100 --> 01:12:41,100
and issue those short term

2543
01:12:41,100 --> 01:12:43,100
instruments.

2544
01:12:45,100 --> 01:12:47,100
Let's see, okay.

2545
01:12:48,100 --> 01:12:49,100
Talked a little bit

2546
01:12:49,100 --> 01:12:50,100
about this, so I think I've

2547
01:12:50,100 --> 01:12:52,100
pretty much covered most

2548
01:12:52,100 --> 01:12:53,100
of this.

2549
01:12:53,100 --> 01:12:54,100
So we're...

2550
01:12:54,100 --> 01:12:55,100
here today again just seeking

2551
01:12:55,100 --> 01:12:57,100
your approval

2552
01:12:57,100 --> 01:12:58,100
of the new banks that are

2553
01:12:58,100 --> 01:13:00,401
coming into our liquidity

2554
01:13:01,100 --> 01:13:02,100
facility portfolio and then

2555
01:13:02,100 --> 01:13:05,100
we're also asking you for, to

2556
01:13:05,100 --> 01:13:07,100
approve the documents that are

2557
01:13:07,100 --> 01:13:08,100
associated with being able

2558
01:13:08,100 --> 01:13:11,100
to bring that credit facility

2559
01:13:11,100 --> 01:13:14,100
to close. And I'm happy to take

2560
01:13:14,100 --> 01:13:16,100
any questions.

2561
01:13:18,100 --> 01:13:19,100
Any questions

2562
01:13:19,100 --> 01:13:22,601
from the board? Thank you very

2563
01:13:24,100 --> 01:13:25,100
much.

2564
01:13:25,100 --> 01:13:27,100
Thank you.

2565
01:13:27,100 --> 01:13:29,100
I'd like to have a motion

2566
01:13:29,100 --> 01:13:31,401
to approve amendment, excuse

2567
01:13:32,100 --> 01:13:33,100
me, to approve item number

2568
01:13:33,100 --> 01:13:34,100
17.

2569
01:13:34,100 --> 01:13:36,100
I'll make a motion.

2570
01:13:36,100 --> 01:13:37,100
Second.

2571
01:13:37,100 --> 01:13:38,100
Thank you, Commissioners La

2572
01:13:38,100 --> 01:13:39,100
Bau and Narro.

2573
01:13:39,100 --> 01:13:40,100
All those in favor,

2574
01:13:40,100 --> 01:13:41,100
please say aye.

2575
01:13:41,100 --> 01:13:42,100
Aye.

2576
01:13:42,100 --> 01:13:43,100
Any opposed?

2577
01:13:43,100 --> 01:13:44,100
The ayes have it.

2578
01:13:44,100 --> 01:13:47,100
Item number 16 is excuse me,

2579
01:13:47,100 --> 01:13:49,100
17 is approved.

2580
01:13:49,100 --> 01:13:51,100
Thank you.

2581
01:13:52,100 --> 01:13:53,100
And the last item

2582
01:13:53,100 --> 01:13:54,100
on the agenda, item number

2583
01:13:54,100 --> 01:13:56,100
18.

2584
01:13:56,100 --> 01:13:57,100
Thank you.

2585
01:13:57,100 --> 01:13:59,401
Earning my keep today.

2586
01:14:00,100 --> 01:14:02,100
Okay, commissioners,

2587
01:14:02,100 --> 01:14:03,100
so we're coming

2588
01:14:03,100 --> 01:14:06,100
before you asking for approval

2589
01:14:10,100 --> 01:14:12,100
to issue $3 billion

2590
01:14:12,100 --> 01:14:14,100
in bonds.

2591
01:14:14,100 --> 01:14:16,100
not to exceed $3 billion

2592
01:14:16,100 --> 01:14:17,100
in bonds.

2593
01:14:17,100 --> 01:14:20,601
And this request is partial new

2594
01:14:22,100 --> 01:14:23,100
money and refunding.

2595
01:14:23,100 --> 01:14:25,100
And I'll explain a little bit

2596
01:14:25,100 --> 01:14:26,100
of that in just a second.

2597
01:14:26,100 --> 01:14:28,100
And then we also want to make

2598
01:14:28,100 --> 01:14:30,100
sure that we allow ourselves

2599
01:14:30,100 --> 01:14:31,100
just a little bit

2600
01:14:31,100 --> 01:14:32,100
of capacity when we go out

2601
01:14:32,100 --> 01:14:33,100
into the market,

2602
01:14:33,100 --> 01:14:35,100
that if conditions are really

2603
01:14:35,100 --> 01:14:36,100
favorable, we want

2604
01:14:36,100 --> 01:14:37,100
to have an opportunity

2605
01:14:37,100 --> 01:14:38,100
to maybe lock

2606
01:14:38,100 --> 01:14:40,100
in rates that are favorable

2607
01:14:40,100 --> 01:14:41,100
at that time.

2608
01:14:41,100 --> 01:14:43,100
We call that a sizing up,

2609
01:14:43,100 --> 01:14:44,100
if you will.

2610
01:14:44,100 --> 01:14:45,100
And so, we've left a little

2611
01:14:45,100 --> 01:14:46,100
capacity to do that.

2612
01:14:46,100 --> 01:14:48,100
And so, we're asking

2613
01:14:48,100 --> 01:14:50,100
for approval on that today.

2614
01:14:50,100 --> 01:14:53,100
Also want to remind you all,

2615
01:14:53,100 --> 01:14:55,100
let me take it back

2616
01:14:55,100 --> 01:14:57,100
to last month when I talked

2617
01:14:57,100 --> 01:15:00,601
to you about what our capital

2618
01:15:01,100 --> 01:15:03,100
expense needs would be

2619
01:15:03,100 --> 01:15:05,100
for fiscal 24.

2620
01:15:05,100 --> 01:15:06,100
And I mentioned

2621
01:15:06,100 --> 01:15:08,100
to you that it was about a $4

2622
01:15:08,100 --> 01:15:09,100
billion spend.

2623
01:15:09,100 --> 01:15:11,100
So, we're coming to you

2624
01:15:11,100 --> 01:15:14,100
today to ask for, again,

2625
01:15:14,100 --> 01:15:16,100
the approval for us to be able

2626
01:15:16,100 --> 01:15:17,100
to fund that

2627
01:15:17,100 --> 01:15:18,100
through the debt financing.

2628
01:15:18,100 --> 01:15:21,100
So, that's what this represents.

2629
01:15:21,100 --> 01:15:23,100
So, we have about, currently,

2630
01:15:23,100 --> 01:15:25,100
about $12 billion that's

2631
01:15:26,100 --> 01:15:28,100
outstanding.

2632
01:15:28,100 --> 01:15:29,100
And I always love to give a

2633
01:15:29,100 --> 01:15:31,100
statistic here just so you all

2634
01:15:31,100 --> 01:15:32,100
have a sense

2635
01:15:32,100 --> 01:15:34,100
of what that means.

2636
01:15:34,100 --> 01:15:36,100
So, I look at metrics

2637
01:15:36,100 --> 01:15:37,100
like weighted average cost

2638
01:15:37,100 --> 01:15:38,100
of debt.

2639
01:15:38,100 --> 01:15:41,100
And so, all that $12 billion is

2640
01:15:41,100 --> 01:15:42,100
currently outstanding that LAWA

2641
01:15:42,100 --> 01:15:44,100
is paying for is costing us

2642
01:15:44,100 --> 01:15:45,100
on average,

2643
01:15:45,100 --> 01:15:46,100
on a weighted average basis,

2644
01:15:46,100 --> 01:15:48,100
about 3.72%.

2645
01:15:49,100 --> 01:15:52,100
So, that's pretty good rates

2646
01:15:52,100 --> 01:15:53,100
to lock in

2647
01:15:53,100 --> 01:15:55,100
on a fixed rate basis.

2648
01:15:55,100 --> 01:15:56,100
You'll see here also that we

2649
01:15:56,100 --> 01:15:58,100
have about $400 million

2650
01:15:59,100 --> 01:16:01,100
in commercial paper.

2651
01:16:01,100 --> 01:16:03,100
And I mentioned earlier there

2652
01:16:03,100 --> 01:16:04,100
was a notation there about

2653
01:16:04,100 --> 01:16:06,100
$390 million that we'll take

2654
01:16:06,100 --> 01:16:07,100
out of that,

2655
01:16:07,100 --> 01:16:08,100
but that's outstanding.

2656
01:16:08,100 --> 01:16:09,100
And as part

2657
01:16:09,100 --> 01:16:10,100
of this financing,

2658
01:16:10,100 --> 01:16:12,100
we're actually going to

2659
01:16:12,100 --> 01:16:14,100
reimburse ourselves and take

2660
01:16:14,100 --> 01:16:16,401
that commercial paper line

2661
01:16:17,100 --> 01:16:18,100
down to zero.

2662
01:16:18,100 --> 01:16:19,100
So, we'll pay off the commercial

2663
01:16:19,100 --> 01:16:21,100
paper and basically fix that

2664
01:16:21,100 --> 01:16:22,100
out from short-term

2665
01:16:22,100 --> 01:16:24,100
to long-term financing.

2666
01:16:26,100 --> 01:16:27,100
You can see here,

2667
01:16:27,100 --> 01:16:29,100
in previous resolutions,

2668
01:16:29,100 --> 01:16:31,401
you all have approved $9

2669
01:16:32,100 --> 01:16:34,401
billion in authorization under

2670
01:16:35,100 --> 01:16:38,100
the '22 and '24 resolutions.

2671
01:16:39,100 --> 01:16:40,100
So, I just thought it was

2672
01:16:40,100 --> 01:16:41,100
important

2673
01:16:41,100 --> 01:16:42,100
to show you where we are

2674
01:16:42,100 --> 01:16:43,100
in terms of resolution

2675
01:16:43,100 --> 01:16:46,100
authority that we still have.

2676
01:16:46,100 --> 01:16:49,100
So, issue to date is the $3.4.

2677
01:16:49,100 --> 01:16:50,100
If we were to add the $3

2678
01:16:50,100 --> 01:16:51,100
billion onto this,

2679
01:16:51,100 --> 01:16:52,100
you'll see that we're

2680
01:16:52,100 --> 01:16:54,401
within that authority. And

2681
01:16:55,100 --> 01:16:56,100
again, we're just coming

2682
01:16:56,100 --> 01:16:57,100
to you asking for approval to

2683
01:16:57,100 --> 01:16:59,100
go ahead and execute and issue

2684
01:16:59,100 --> 01:17:01,100
those bonds next month.

2685
01:17:01,100 --> 01:17:02,100
When you

2686
01:17:02,100 --> 01:17:05,100
take out the $400 million on

2687
01:17:06,100 --> 01:17:07,100
commercial, where does that come

2688
01:17:07,100 --> 01:17:08,100
from? What money is used

2689
01:17:08,100 --> 01:17:09,100
to take that out?

2690
01:17:09,100 --> 01:17:10,100
The long-term financing.

2691
01:17:10,100 --> 01:17:11,100
The Long-term financing

2692
01:17:11,100 --> 01:17:12,100
of the $3 billion?

2693
01:17:12,100 --> 01:17:13,100
Of the $3 billion.

2694
01:17:13,100 --> 01:17:14,100
Thank you.

2695
01:17:14,100 --> 01:17:15,100
So that's included.

2696
01:17:15,100 --> 01:17:16,100
Yes.

2697
01:17:16,100 --> 01:17:18,100
Okay.

2698
01:17:18,100 --> 01:17:21,100
Before I get into the projects

2699
01:17:21,100 --> 01:17:22,100
that are funded,

2700
01:17:22,100 --> 01:17:24,100
I think it's really important

2701
01:17:24,100 --> 01:17:25,100
for you all to know,

2702
01:17:25,100 --> 01:17:26,100
and I want to acknowledge,

2703
01:17:26,100 --> 01:17:27,100
I think there's some folks here

2704
01:17:27,100 --> 01:17:29,401
from our financing team.

2705
01:17:30,100 --> 01:17:31,100
When we sit

2706
01:17:31,100 --> 01:17:32,100
down and make a decision to go

2707
01:17:32,100 --> 01:17:34,100
out to the market, we pulled

2708
01:17:34,100 --> 01:17:36,401
together a pretty comprehensive

2709
01:17:37,100 --> 01:17:39,100
team of folks that work

2710
01:17:39,100 --> 01:17:40,100
on LAWA's behalf.

2711
01:17:40,100 --> 01:17:42,100
And it is lawyers,

2712
01:17:42,100 --> 01:17:45,100
it is financial advisors, our

2713
01:17:45,100 --> 01:17:47,100
financial institutions or our

2714
01:17:47,100 --> 01:17:49,100
banking partners.

2715
01:17:49,100 --> 01:17:50,100
And you have lawyers

2716
01:17:50,100 --> 01:17:52,100
on every side of that.

2717
01:17:52,100 --> 01:17:55,100
We've got a bond counsel that

2718
01:17:55,100 --> 01:17:56,100
represents us and our best

2719
01:17:56,100 --> 01:17:58,100
interests and makes sure that

2720
01:17:58,100 --> 01:17:59,100
when we're putting these

2721
01:17:59,100 --> 01:18:00,100
documents together and putting

2722
01:18:00,100 --> 01:18:01,100
them in front

2723
01:18:01,100 --> 01:18:03,100
of you as a board, they have

2724
01:18:03,100 --> 01:18:04,100
been

2725
01:18:04,100 --> 01:18:06,100
thoroughly, thoroughly vetted,

2726
01:18:06,100 --> 01:18:07,100
right?

2727
01:18:07,100 --> 01:18:08,100
Because we want to make sure

2728
01:18:08,100 --> 01:18:09,100
that we're doing everything we

2729
01:18:09,100 --> 01:18:11,100
can to have the proper

2730
01:18:11,100 --> 01:18:13,100
disclosures when we go out to

2731
01:18:13,100 --> 01:18:14,100
the public markets and there's

2732
01:18:14,100 --> 01:18:17,100
virtually no risk of being,

2733
01:18:19,100 --> 01:18:21,100
not disclosing what's important

2734
01:18:21,100 --> 01:18:22,100
for us to disclose.

2735
01:18:22,100 --> 01:18:23,100
So, I just want to make sure you

2736
01:18:23,100 --> 01:18:24,100
understand that.

2737
01:18:24,100 --> 01:18:25,100
I also want to make sure you

2738
01:18:25,100 --> 01:18:27,100
understand that we hire a bond

2739
01:18:27,100 --> 01:18:29,100
counsel, we hire a disclosure

2740
01:18:29,100 --> 01:18:31,100
counsel, those two counsels are

2741
01:18:31,100 --> 01:18:32,100
coming together

2742
01:18:32,100 --> 01:18:33,100
making sure that these

2743
01:18:33,100 --> 01:18:35,100
documents are

2744
01:18:35,100 --> 01:18:36,100
like airtight right

2745
01:18:36,100 --> 01:18:37,100
before we go out

2746
01:18:37,100 --> 01:18:38,100
to the market.

2747
01:18:38,100 --> 01:18:39,100
Then we have our financial

2748
01:18:39,100 --> 01:18:40,100
partners,

2749
01:18:40,100 --> 01:18:42,100
Jefferies is our senior lead

2750
01:18:42,100 --> 01:18:44,401
banker underwriter along with

2751
01:18:45,100 --> 01:18:46,100
Goldman Sachs and then

2752
01:18:46,100 --> 01:18:48,100
co-managers we have Bank of

2753
01:18:48,100 --> 01:18:50,100
America and minority-owned firm

2754
01:18:50,100 --> 01:18:51,100
Siebert William Schenck.

2755
01:18:51,100 --> 01:18:53,100
These are folks that are

2756
01:18:53,100 --> 01:18:54,100
top-notch professionals

2757
01:18:54,100 --> 01:18:56,100
in this industry that bring

2758
01:18:56,100 --> 01:18:58,100
tons of airport bonds

2759
01:18:58,100 --> 01:18:59,100
to the market.

2760
01:18:59,100 --> 01:19:01,100
So, we're all working together

2761
01:19:01,100 --> 01:19:03,100
in concert to make sure that

2762
01:19:03,100 --> 01:19:05,100
LAWA is well represented,

2763
01:19:05,100 --> 01:19:07,100
but also protected.

2764
01:19:07,100 --> 01:19:08,100
Okay.

2765
01:19:08,100 --> 01:19:10,100
And then just lastly,

2766
01:19:10,100 --> 01:19:11,100
I just want to acknowledge our

2767
01:19:11,100 --> 01:19:13,100
financial advisor, Frasca, our

2768
01:19:13,100 --> 01:19:14,100
airport consultants.

2769
01:19:14,100 --> 01:19:16,100
When you look at these

2770
01:19:16,100 --> 01:19:18,100
documents and see what we call

2771
01:19:18,100 --> 01:19:19,100
the report of airport

2772
01:19:19,100 --> 01:19:21,100
consultants that supports these

2773
01:19:21,100 --> 01:19:24,100
financings, which is WJA. And

2774
01:19:24,100 --> 01:19:25,100
then, of course,

2775
01:19:25,100 --> 01:19:26,100
as money is changing hands, we

2776
01:19:26,100 --> 01:19:28,100
have a trustee who's making

2777
01:19:28,100 --> 01:19:29,100
sure that the money is getting

2778
01:19:29,100 --> 01:19:31,100
where it's supposed to back and

2779
01:19:31,100 --> 01:19:32,100
forth when we close the

2780
01:19:32,100 --> 01:19:34,100
transaction.

2781
01:19:34,100 --> 01:19:35,100
Okay.

2782
01:19:35,100 --> 01:19:37,100
So, let's talk about what this

2783
01:19:37,100 --> 01:19:40,100
$3 billion is going to do.

2784
01:19:40,100 --> 01:19:43,100
So, $2 billion of it will be

2785
01:19:43,100 --> 01:19:44,100
what I call new money. Okay.

2786
01:19:44,100 --> 01:19:47,100
And that's just a fancy term of

2787
01:19:47,100 --> 01:19:48,100
saying we haven't issued bonds

2788
01:19:48,100 --> 01:19:50,100
yet, and so we're going

2789
01:19:50,100 --> 01:19:51,100
out and issuing bonds

2790
01:19:51,100 --> 01:19:52,100
to be able

2791
01:19:52,100 --> 01:19:54,100
to fund these critical projects

2792
01:19:54,100 --> 01:19:55,100
for LAWA.

2793
01:19:55,100 --> 01:19:57,100
You can see here,

2794
01:19:57,100 --> 01:19:58,100
and I think it's important

2795
01:19:58,100 --> 01:20:01,100
for you all to know

2796
01:20:01,100 --> 01:20:03,100
particularly what these

2797
01:20:03,100 --> 01:20:05,100
projects represent.

2798
01:20:05,100 --> 01:20:06,100
So,

2799
01:20:06,100 --> 01:20:07,100
terminal 5 renovation and

2800
01:20:07,100 --> 01:20:09,100
reconstruction.

2801
01:20:09,100 --> 01:20:11,100
Last, I think last board

2802
01:20:11,100 --> 01:20:12,100
meeting, Hans came and gave you

2803
01:20:12,100 --> 01:20:13,100
guys a really fantastic

2804
01:20:13,100 --> 01:20:15,100
presentation showing you the

2805
01:20:15,100 --> 01:20:17,100
direction of where T5 is headed

2806
01:20:17,100 --> 01:20:19,100
and what that renovation and

2807
01:20:19,100 --> 01:20:21,100
reconstruction projects

2808
01:20:21,100 --> 01:20:23,100
ultimately will achieve.

2809
01:20:23,100 --> 01:20:25,100
So part of the bonds that we're

2810
01:20:25,100 --> 01:20:27,100
issuing now,

2811
01:20:27,100 --> 01:20:28,100
about almost a billion

2812
01:20:28,100 --> 01:20:30,100
of that, will go to continue

2813
01:20:30,100 --> 01:20:32,401
to fund that project.

2814
01:20:33,100 --> 01:20:35,401
Our Tibbet optimization, that

2815
01:20:37,100 --> 01:20:39,100
project, basically our refresh

2816
01:20:39,100 --> 01:20:41,100
of Tibbet.

2817
01:20:41,100 --> 01:20:43,100
We'll be using bonds, the bond

2818
01:20:43,100 --> 01:20:44,100
proceeds, I should say,

2819
01:20:44,100 --> 01:20:46,100
to make sure that we continue

2820
01:20:46,100 --> 01:20:48,100
to move that project forward.

2821
01:20:48,100 --> 01:20:49,100
And then we have our central

2822
01:20:49,100 --> 01:20:51,100
terminal area curbside.

2823
01:20:51,100 --> 01:20:52,100
I probably should have brought

2824
01:20:52,100 --> 01:20:54,100
some pictures here because I

2825
01:20:54,100 --> 01:20:55,100
think pictures say a thousand

2826
01:20:55,100 --> 01:20:56,100
words.

2827
01:20:56,100 --> 01:20:58,100
But making sure that we are

2828
01:20:58,100 --> 01:20:59,100
doing,

2829
01:20:59,100 --> 01:21:01,100
making those improvements.

2830
01:21:01,100 --> 01:21:02,100
to the functionality

2831
01:21:02,100 --> 01:21:03,100
of our departure curbs,

2832
01:21:03,100 --> 01:21:05,100
improving the canopies,

2833
01:21:05,100 --> 01:21:07,100
the lighting elements, and just

2834
01:21:07,100 --> 01:21:09,100
really bringing together a

2835
01:21:09,100 --> 01:21:10,100
better look and feel

2836
01:21:10,100 --> 01:21:12,100
for the airport.

2837
01:21:12,100 --> 01:21:13,100
And then also

2838
01:21:13,100 --> 01:21:14,100
on the arrivals,

2839
01:21:14,100 --> 01:21:16,100
we're upgrading crosswalks,

2840
01:21:16,100 --> 01:21:18,100
lighting, loading zones,

2841
01:21:18,100 --> 01:21:20,100
and landscaping.

2842
01:21:20,100 --> 01:21:22,100
And then I'll say,

2843
01:21:22,100 --> 01:21:24,100
on the roadway improvements,

2844
01:21:24,100 --> 01:21:26,401
John mentioned the ATMP.

2845
01:21:27,100 --> 01:21:28,100
A little bit earlier,

2846
01:21:28,100 --> 01:21:29,100
I actually had a chance to go

2847
01:21:29,100 --> 01:21:31,100
to the showcase room and see

2848
01:21:31,100 --> 01:21:33,100
all the great work that they've

2849
01:21:33,100 --> 01:21:34,100
done there.

2850
01:21:34,100 --> 01:21:35,100
And the roadways are going

2851
01:21:35,100 --> 01:21:36,100
to be amazing.

2852
01:21:36,100 --> 01:21:37,100
I mean, it's just going

2853
01:21:37,100 --> 01:21:38,100
to be a game changer, I think,

2854
01:21:38,100 --> 01:21:39,100
for the way people move in and

2855
01:21:39,100 --> 01:21:42,601
out of LAX. So very excited

2856
01:21:43,100 --> 01:21:44,100
about that and excited

2857
01:21:44,100 --> 01:21:45,100
to be a part

2858
01:21:45,100 --> 01:21:46,100
of raising the capital

2859
01:21:46,100 --> 01:21:47,100
to be able

2860
01:21:47,100 --> 01:21:48,100
to fund these projects.

2861
01:21:48,100 --> 01:21:50,100
Then we're going

2862
01:21:50,100 --> 01:21:51,100
to do a refunding.

2863
01:21:51,100 --> 01:21:52,100
And again, all included

2864
01:21:52,100 --> 01:21:54,100
in the $3 billion.

2865
01:21:54,100 --> 01:21:56,100
We've got...

2866
01:21:56,100 --> 01:21:59,100
When we issue bonds, we have an

2867
01:21:59,100 --> 01:22:01,100
opportunity when the market

2868
01:22:01,100 --> 01:22:02,100
presents itself

2869
01:22:02,100 --> 01:22:04,100
to actually refinance some

2870
01:22:04,100 --> 01:22:05,100
of those bonds

2871
01:22:05,100 --> 01:22:08,100
to achieve lower debt service,

2872
01:22:08,100 --> 01:22:09,100
just like a mortgage,

2873
01:22:09,100 --> 01:22:10,100
if you will.

2874
01:22:10,100 --> 01:22:12,100
You refinance your mortgage,

2875
01:22:12,100 --> 01:22:14,100
you get lower payments.

2876
01:22:14,100 --> 01:22:15,100
And so, we take advantage

2877
01:22:15,100 --> 01:22:16,100
of that as well.

2878
01:22:16,100 --> 01:22:18,100
So, we have a couple of series

2879
01:22:18,100 --> 01:22:20,100
in here that we've identified

2880
01:22:20,100 --> 01:22:21,100
that we think are really good

2881
01:22:21,100 --> 01:22:24,100
candidates for us to improve or

2882
01:22:24,100 --> 01:22:26,100
achieve some savings

2883
01:22:26,100 --> 01:22:28,100
in terms of the debt service

2884
01:22:28,100 --> 01:22:29,100
payments that we'll be making

2885
01:22:29,100 --> 01:22:30,100
going forward.

2886
01:22:30,100 --> 01:22:32,100
Those will be market dependent

2887
01:22:32,100 --> 01:22:33,100
day to day.

2888
01:22:33,100 --> 01:22:35,100
When we actually go out in

2889
01:22:35,100 --> 01:22:37,100
August to price the bonds, we

2890
01:22:37,100 --> 01:22:41,201
have a rule that if the net

2891
01:22:42,100 --> 01:22:43,100
present value savings or what

2892
01:22:43,100 --> 01:22:45,100
we can lower our payments

2893
01:22:45,100 --> 01:22:46,100
by doesn't achieve

2894
01:22:46,100 --> 01:22:48,401
at least a 3% rate,

2895
01:22:49,100 --> 01:22:50,100
then we have a target.

2896
01:22:50,100 --> 01:22:52,100
Then we won't do the deal

2897
01:22:52,100 --> 01:22:53,100
because it just economically

2898
01:22:53,100 --> 01:22:54,100
doesn't make sense for us

2899
01:22:54,100 --> 01:22:55,100
to do so.

2900
01:22:55,100 --> 01:22:56,100
So right now those bonds,

2901
01:22:56,100 --> 01:22:58,100
we run

2902
01:22:58,100 --> 01:22:59,100
in some analysis and it looks

2903
01:22:59,100 --> 01:23:00,100
like they're right

2904
01:23:00,100 --> 01:23:01,100
around the three,

2905
01:23:01,100 --> 01:23:03,100
three and a half percent.

2906
01:23:03,100 --> 01:23:05,100
But we also put in a little

2907
01:23:05,100 --> 01:23:06,100
conservative cushion there just

2908
01:23:06,100 --> 01:23:08,100
to make sure that when market

2909
01:23:08,100 --> 01:23:09,100
conditions change,

2910
01:23:09,100 --> 01:23:10,100
we got a little buffer

2911
01:23:10,100 --> 01:23:11,100
in there, about 50 bases

2912
01:23:11,100 --> 01:23:12,100
points.

2913
01:23:12,100 --> 01:23:14,100
But that'll be kind of market

2914
01:23:14,100 --> 01:23:17,100
dependent once we know better

2915
01:23:17,100 --> 01:23:19,100
what's happening when we go

2916
01:23:19,100 --> 01:23:22,100
to the market in August.

2917
01:23:22,100 --> 01:23:24,100
And that comprises...

2918
01:23:24,100 --> 01:23:26,100
the $3 billion.

2919
01:23:28,100 --> 01:23:29,100
I think I've talked

2920
01:23:29,100 --> 01:23:31,100
through most of this, but just

2921
01:23:31,100 --> 01:23:32,100
to again give you all another

2922
01:23:32,100 --> 01:23:34,100
snapshot, I think the important

2923
01:23:34,100 --> 01:23:37,100
point here when we think about

2924
01:23:37,100 --> 01:23:39,100
the capital program and the

2925
01:23:39,100 --> 01:23:41,401
$15 billion over the next 10

2926
01:23:42,100 --> 01:23:44,100
years, I just note that

2927
01:23:44,100 --> 01:23:46,100
over the next five years

2928
01:23:46,100 --> 01:23:48,100
in this period of time, 26

2929
01:23:48,100 --> 01:23:50,100
through 30, that we're looking

2930
01:23:50,100 --> 01:23:53,100
at issuing or we have project

2931
01:23:53,100 --> 01:23:54,100
cost expenses that are about

2932
01:23:54,100 --> 01:23:56,100
12 billion.

2933
01:23:56,100 --> 01:23:57,100
And the way we plan

2934
01:23:57,100 --> 01:23:59,100
to finance that 12 billion over

2935
01:23:59,100 --> 01:24:00,100
the next five years is broken

2936
01:24:00,100 --> 01:24:02,100
down on the left-hand side.

2937
01:24:02,100 --> 01:24:04,100
Again, we'll go out and we'll

2938
01:24:04,100 --> 01:24:06,100
do some debt financing.

2939
01:24:06,100 --> 01:24:09,100
There'll be some LAWA cash that

2940
01:24:09,100 --> 01:24:10,100
we have available

2941
01:24:10,100 --> 01:24:11,100
for capital projects.

2942
01:24:11,100 --> 01:24:13,100
And then we'll also have some

2943
01:24:13,100 --> 01:24:15,401
grant opportunities as well,

2944
01:24:16,100 --> 01:24:18,100
close to about 700 million.

2945
01:24:18,100 --> 01:24:19,100
Again,

2946
01:24:19,100 --> 01:24:21,100
over that five-year period.

2947
01:24:21,100 --> 01:24:22,100
So I always like to

2948
01:24:22,100 --> 01:24:23,100
characterize this as that's

2949
01:24:23,100 --> 01:24:24,100
our,

2950
01:24:24,100 --> 01:24:25,100
that's a public agency's

2951
01:24:25,100 --> 01:24:26,100
version

2952
01:24:26,100 --> 01:24:27,100
of what a capital stack is,

2953
01:24:27,100 --> 01:24:28,100
right?

2954
01:24:28,100 --> 01:24:29,100
That's how we're funding these

2955
01:24:29,100 --> 01:24:31,100
capital projects.

2956
01:24:34,100 --> 01:24:36,100
And then I'll leave you

2957
01:24:36,100 --> 01:24:38,100
with what that means when we go

2958
01:24:38,100 --> 01:24:40,100
out and we put more debt

2959
01:24:40,100 --> 01:24:41,100
on the books.

2960
01:24:41,100 --> 01:24:42,100
What does that do to our

2961
01:24:42,100 --> 01:24:44,100
coverage ratios and what does

2962
01:24:44,100 --> 01:24:45,100
that do to our cost

2963
01:24:45,100 --> 01:24:46,100
of employment?

2964
01:24:46,100 --> 01:24:47,100
So just important for you

2965
01:24:47,100 --> 01:24:49,100
to see that we have actually

2966
01:24:49,100 --> 01:24:52,100
for 27 included those costs in.

2967
01:24:52,100 --> 01:24:54,100
And when we spend time with our

2968
01:24:54,100 --> 01:24:55,100
investors and the rating

2969
01:24:55,100 --> 01:24:57,100
agencies, they always want to

2970
01:24:57,100 --> 01:24:59,100
know that we're reflecting what

2971
01:24:59,100 --> 01:25:01,100
we expect to issue.

2972
01:25:01,100 --> 01:25:02,100
And then over time, what we're

2973
01:25:02,100 --> 01:25:04,401
forecasting our funding needs

2974
01:25:05,100 --> 01:25:06,100
would be particularly

2975
01:25:06,100 --> 01:25:08,100
on the leverage side.

2976
01:25:08,100 --> 01:25:09,100
So I just want to remind you

2977
01:25:09,100 --> 01:25:11,100
of that.

2978
01:25:13,100 --> 01:25:15,401
Question on this slide.

2979
01:25:17,100 --> 01:25:18,100
How does it compare

2980
01:25:18,100 --> 01:25:19,100
to other airports?

2981
01:25:19,100 --> 01:25:21,401
on the cost per?

2982
01:25:22,100 --> 01:25:23,100
Good question.

2983
01:25:23,100 --> 01:25:27,201
So, I would say for 27, and I

2984
01:25:28,100 --> 01:25:29,100
want to be careful

2985
01:25:29,100 --> 01:25:31,100
about this, just in terms

2986
01:25:31,100 --> 01:25:34,100
of benchmarking us to say

2987
01:25:34,100 --> 01:25:36,100
West Coast airports and then

2988
01:25:36,100 --> 01:25:38,401
large hub airports, right?

2989
01:25:39,100 --> 01:25:42,100
So for 27, where I understand

2990
01:25:44,100 --> 01:25:46,100
and have looked at different

2991
01:25:46,100 --> 01:25:48,100
airports whether it's Chicago

2992
01:25:48,100 --> 01:25:50,100
or whether it's where John came

2993
01:25:50,100 --> 01:25:53,100
from, DFW, Atlanta, and New

2994
01:25:53,100 --> 01:25:55,100
York, we're right there

2995
01:25:55,100 --> 01:25:57,100
in the same category

2996
01:25:57,100 --> 01:25:58,100
with these,

2997
01:25:58,100 --> 01:25:59,100
with these airports.

2998
01:25:59,100 --> 01:26:01,100
What is, what is important

2999
01:26:01,100 --> 01:26:03,100
to note is that once we get

3000
01:26:03,100 --> 01:26:04,100
through our fifteen billion

3001
01:26:04,100 --> 01:26:06,100
dollar capital program where we

3002
01:26:06,100 --> 01:26:08,100
will land and I would say that

3003
01:26:08,100 --> 01:26:10,100
we would be probably

3004
01:26:10,100 --> 01:26:11,100
at the top

3005
01:26:11,100 --> 01:26:14,100
of those large hub airports.

3006
01:26:14,100 --> 01:26:16,100
But I want to be careful about

3007
01:26:16,100 --> 01:26:17,100
that because we all have

3008
01:26:17,100 --> 01:26:19,100
different sizes and levels of

3009
01:26:19,100 --> 01:26:21,100
capital programs that might

3010
01:26:21,100 --> 01:26:23,100
shift those costs, right?

3011
01:26:23,100 --> 01:26:25,100
So I just want

3012
01:26:25,100 --> 01:26:26,100
to be really careful

3013
01:26:26,100 --> 01:26:27,100
about that.

3014
01:26:27,100 --> 01:26:30,100
And then with this formula,

3015
01:26:30,100 --> 01:26:31,100
you know,

3016
01:26:31,100 --> 01:26:32,100
how we calculate cost per

3017
01:26:32,100 --> 01:26:34,401
employment, just remember the

3018
01:26:35,100 --> 01:26:37,100
denominator is driven

3019
01:26:37,100 --> 01:26:38,100
by the number

3020
01:26:38,100 --> 01:26:40,100
of in plane passengers,

3021
01:26:40,100 --> 01:26:41,100
right?

3022
01:26:41,100 --> 01:26:42,100
And so, that changes too.

3023
01:26:42,100 --> 01:26:43,100
So, sometimes it's not just an

3024
01:26:43,100 --> 01:26:44,100
apples to apples,

3025
01:26:44,100 --> 01:26:46,100
but as a large hub airport,

3026
01:26:46,100 --> 01:26:47,100
given the size

3027
01:26:47,100 --> 01:26:49,100
of our capital program,

3028
01:26:49,100 --> 01:26:51,100
we are actually like right

3029
01:26:51,100 --> 01:26:53,100
within that sweet spot,

3030
01:26:53,100 --> 01:26:55,100
I would say over the next for

3031
01:26:55,100 --> 01:26:56,100
27 and 28.

3032
01:26:56,100 --> 01:26:57,100
And then we start

3033
01:26:57,100 --> 01:26:58,100
to get a little higher as we go

3034
01:26:58,100 --> 01:27:00,100
out in terms of being one

3035
01:27:00,100 --> 01:27:03,100
of the higher large hubs.

3036
01:27:03,100 --> 01:27:04,100
And I'll bring,

3037
01:27:04,100 --> 01:27:06,100
I can follow up with,

3038
01:27:06,100 --> 01:27:07,100
I'd be happy to follow up with

3039
01:27:07,100 --> 01:27:08,100
you and show you

3040
01:27:08,100 --> 01:27:10,100
some comparisons because we

3041
01:27:10,100 --> 01:27:11,100
actually do track that.

3042
01:27:11,100 --> 01:27:13,100
Okay, thank you.

3043
01:27:15,100 --> 01:27:17,100
Other comments, questions?

3044
01:27:18,100 --> 01:27:20,100
Are you finished?

3045
01:27:21,100 --> 01:27:23,100
Pretty much.

3046
01:27:23,100 --> 01:27:25,100
So next steps,

3047
01:27:25,100 --> 01:27:26,100
I just want you all

3048
01:27:26,100 --> 01:27:27,100
to have a sense

3049
01:27:27,100 --> 01:27:28,100
of what happens after this.

3050
01:27:28,100 --> 01:27:30,401
So we are meeting

3051
01:27:31,100 --> 01:27:32,100
with the rating agencies on

3052
01:27:32,100 --> 01:27:34,100
Monday with the expectation

3053
01:27:34,100 --> 01:27:36,100
within the week or two

3054
01:27:36,100 --> 01:27:37,100
after that.

3055
01:27:37,100 --> 01:27:38,100
We will get a rating, and

3056
01:27:38,100 --> 01:27:40,100
certainly our expectation is

3057
01:27:40,100 --> 01:27:41,100
that we will continue

3058
01:27:41,100 --> 01:27:44,601
to be a AA-rated credit, one

3059
01:27:45,100 --> 01:27:47,100
of the highest in the country

3060
01:27:47,100 --> 01:27:48,100
for airports.

3061
01:27:48,100 --> 01:27:51,100
Have we always been AA-rated?

3062
01:27:51,100 --> 01:27:53,100
In the past, I'll say five,

3063
01:27:53,100 --> 01:27:54,100
ten years, yes.

3064
01:27:54,100 --> 01:27:55,100
But yes, yes.

3065
01:27:55,100 --> 01:27:56,100
Thank you.

3066
01:27:56,100 --> 01:27:57,100
Thank you, Marla.

3067
01:27:57,100 --> 01:27:58,100
Thank you.

3068
01:27:58,100 --> 01:28:01,100
And then we will go out.

3069
01:28:01,100 --> 01:28:03,100
The documents that you all will

3070
01:28:03,100 --> 01:28:05,100
be approving today will be

3071
01:28:05,100 --> 01:28:06,100
fine...

3072
01:28:06,100 --> 01:28:07,100
finalizing those and putting

3073
01:28:07,100 --> 01:28:09,100
those out to the market

3074
01:28:09,100 --> 01:28:11,100
for investors to review,

3075
01:28:11,100 --> 01:28:13,100
have some investor meetings,

3076
01:28:13,100 --> 01:28:14,100
and then the week

3077
01:28:14,100 --> 01:28:16,100
of the 18th, we will go to

3078
01:28:16,100 --> 01:28:19,100
New York and price the bonds.

3079
01:28:19,100 --> 01:28:20,100
And then close,

3080
01:28:20,100 --> 01:28:21,100
the expected close is

3081
01:28:21,100 --> 01:28:23,100
September 2nd.

3082
01:28:28,100 --> 01:28:30,100
So I am asking

3083
01:28:30,100 --> 01:28:32,100
for authorization

3084
01:28:33,100 --> 01:28:35,100
to issue the senior revenue and

3085
01:28:35,100 --> 01:28:36,100
refunding revenue bonds

3086
01:28:36,100 --> 01:28:38,100
for series 26 and an amount not

3087
01:28:38,100 --> 01:28:41,100
to exceed $3 billion and also

3088
01:28:41,100 --> 01:28:42,100
asking for your approval of the

3089
01:28:42,100 --> 01:28:44,401
financing documents as outlined

3090
01:28:45,100 --> 01:28:48,601
here on this on the slide.

3091
01:28:49,100 --> 01:28:50,100
Thank you so much for all of

3092
01:28:50,100 --> 01:28:52,100
your hard work and the teams.

3093
01:28:52,100 --> 01:28:53,100
I know that so much goes

3094
01:28:53,100 --> 01:28:56,100
into all of this and we

3095
01:28:56,100 --> 01:28:57,100
appreciate that.

3096
01:28:57,100 --> 01:29:00,601
So, the refunding of the older

3097
01:29:01,100 --> 01:29:03,100
bond. So, it's a 2.8, right?

3098
01:29:03,100 --> 01:29:05,100
Total 2.8, right?

3099
01:29:05,100 --> 01:29:07,100
Yes.

3100
01:29:07,100 --> 01:29:08,100
So, out of the 2.8, you said how

3101
01:29:08,100 --> 01:29:11,601
much was new money versus the

3102
01:29:12,100 --> 01:29:13,100
remainder would be the

3103
01:29:13,100 --> 01:29:14,100
refunding of the commercial

3104
01:29:14,100 --> 01:29:15,100
paper and the refunding

3105
01:29:15,100 --> 01:29:17,100
of the older bonds

3106
01:29:17,100 --> 01:29:18,100
for favorable rate?

3107
01:29:18,100 --> 01:29:19,100
Yeah.

3108
01:29:19,100 --> 01:29:21,100
So $2 billion.

3109
01:29:21,100 --> 01:29:23,100
is the new money, which also

3110
01:29:23,100 --> 01:29:25,100
includes the repayment

3111
01:29:26,100 --> 01:29:27,100
of the commercial paper.

3112
01:29:27,100 --> 01:29:30,100
And then the refunding is

3113
01:29:30,100 --> 01:29:32,100
somewhere around $750 million.

3114
01:29:32,100 --> 01:29:35,100
Okay, and those are the 2016

3115
01:29:35,100 --> 01:29:36,100
bonds?

3116
01:29:36,100 --> 01:29:38,100
2016 bonds and potentially,

3117
01:29:38,100 --> 01:29:39,100
if it makes sense for us

3118
01:29:39,100 --> 01:29:42,100
to do so, the 2019 and 2010

3119
01:29:43,100 --> 01:29:44,100
Build America bonds,

3120
01:29:44,100 --> 01:29:46,401
so the BABs bonds.

3121
01:29:47,100 --> 01:29:49,100
Okay, okay.

3122
01:29:51,100 --> 01:29:53,100
And then the authorization that

3123
01:29:53,100 --> 01:29:54,100
was originally given up to $9

3124
01:29:54,100 --> 01:29:55,100
billion,

3125
01:29:55,100 --> 01:29:57,100
so this is a tranche and you

3126
01:29:57,100 --> 01:29:58,100
may be coming back to us

3127
01:29:58,100 --> 01:30:00,100
for additional bond approval?

3128
01:30:00,100 --> 01:30:01,100
Like this is an ongoing

3129
01:30:01,100 --> 01:30:03,100
process?

3130
01:30:03,100 --> 01:30:05,100
Yes, coming back for approval

3131
01:30:05,100 --> 01:30:08,100
to issue more bonds and also

3132
01:30:08,100 --> 01:30:09,100
potentially coming back to ask

3133
01:30:09,100 --> 01:30:11,100
for additional authority,

3134
01:30:11,100 --> 01:30:13,100
right, up to the $9 billion.

3135
01:30:13,100 --> 01:30:14,100
So, yes, we will be back

3136
01:30:14,100 --> 01:30:16,100
in the spring.

3137
01:30:17,100 --> 01:30:18,100
Great.

3138
01:30:18,100 --> 01:30:19,100
Thank you.

3139
01:30:19,100 --> 01:30:20,100
Okay.

3140
01:30:20,100 --> 01:30:21,100
Also, this could be a

3141
01:30:21,100 --> 01:30:22,100
ticky-tacky point

3142
01:30:22,100 --> 01:30:23,100
of clarification,

3143
01:30:23,100 --> 01:30:26,100
but I think we're a combination

3144
01:30:26,100 --> 01:30:27,100
of a hub and O&D airport,

3145
01:30:27,100 --> 01:30:28,100
really,

3146
01:30:28,100 --> 01:30:29,100
and I think we're mostly known

3147
01:30:29,100 --> 01:30:30,100
for O&D,

3148
01:30:30,100 --> 01:30:32,100
but you're comparing us to the

3149
01:30:32,100 --> 01:30:33,100
hubs because we have so many

3150
01:30:33,100 --> 01:30:35,100
flights in and out, but

3151
01:30:35,100 --> 01:30:37,100
typically we're categorized as

3152
01:30:37,100 --> 01:30:38,100
O&D.

3153
01:30:38,100 --> 01:30:40,100
Yes, you are characterized as

3154
01:30:40,100 --> 01:30:42,100
O&D, or yes,

3155
01:30:42,100 --> 01:30:45,100
we are characterized as O&D,

3156
01:30:45,100 --> 01:30:46,100
and our O&D traffic is

3157
01:30:46,100 --> 01:30:49,100
about 85%. and just put it in

3158
01:30:49,100 --> 01:30:51,100
context.

3159
01:30:51,100 --> 01:30:52,100
I did mention just the

3160
01:30:52,100 --> 01:30:54,100
comparison across the West

3161
01:30:54,100 --> 01:30:57,100
Coast and I think the other

3162
01:30:57,100 --> 01:30:58,100
West Coast airport,

3163
01:30:58,100 --> 01:31:00,100
but clearly not size in terms

3164
01:31:00,100 --> 01:31:02,401
of employment, no comparison,

3165
01:31:03,100 --> 01:31:04,100
is Portland International,

3166
01:31:04,100 --> 01:31:06,401
which is also primarily

3167
01:31:07,100 --> 01:31:09,100
on the West Coast and an OND

3168
01:31:09,100 --> 01:31:11,100
hub and their CPE is hovering

3169
01:31:11,100 --> 01:31:13,100
around $30, right?

3170
01:31:15,100 --> 01:31:17,100
And they, LAX is two and a half

3171
01:31:17,100 --> 01:31:19,100
times the size.

3172
01:31:23,100 --> 01:31:24,100
I just wanted

3173
01:31:24,100 --> 01:31:25,100
to say thank you also for

3174
01:31:25,100 --> 01:31:26,100
noting all the numerous

3175
01:31:26,100 --> 01:31:27,100
professionals who are carefully

3176
01:31:27,100 --> 01:31:29,100
and thoughtfully been part

3177
01:31:29,100 --> 01:31:30,100
of the LAWA team.

3178
01:31:30,100 --> 01:31:31,100
That was something that was

3179
01:31:31,100 --> 01:31:32,100
important to some

3180
01:31:32,100 --> 01:31:34,100
of the board members here.

3181
01:31:34,100 --> 01:31:35,100
You know how hard you folks

3182
01:31:35,100 --> 01:31:36,100
work and your team

3183
01:31:36,100 --> 01:31:37,100
to put this together.

3184
01:31:37,100 --> 01:31:38,100
This is a large amount

3185
01:31:38,100 --> 01:31:39,100
of money.

3186
01:31:39,100 --> 01:31:41,100
I know Hans is happy about this

3187
01:31:41,100 --> 01:31:42,100
motion because he was here last

3188
01:31:42,100 --> 01:31:44,100
time.

3189
01:31:44,100 --> 01:31:45,100
But I just want to say thank

3190
01:31:45,100 --> 01:31:47,100
you for all the hard work and

3191
01:31:47,100 --> 01:31:48,100
due diligence that you've done

3192
01:31:48,100 --> 01:31:50,100
in explaining the process.

3193
01:31:50,100 --> 01:31:51,100
That's terrific,

3194
01:31:51,100 --> 01:31:52,100
and thank you.

3195
01:31:52,100 --> 01:31:53,100
Thank you.

3196
01:31:53,100 --> 01:31:54,100
Thank you.

3197
01:31:54,100 --> 01:31:55,100
Thank you for your support.

3198
01:31:55,100 --> 01:31:57,100
Yeah.

3199
01:31:59,100 --> 01:32:00,100
Any other comments or

3200
01:32:00,100 --> 01:32:01,100
questions?

3201
01:32:01,100 --> 01:32:02,100
Great.

3202
01:32:02,100 --> 01:32:03,100
Could I have a motion to

3203
01:32:03,100 --> 01:32:04,100
approve item number 18?

3204
01:32:04,100 --> 01:32:05,100
I will make a motion.

3205
01:32:05,100 --> 01:32:06,100
Second.

3206
01:32:06,100 --> 01:32:07,100
Thank you, Commissioners La

3207
01:32:07,100 --> 01:32:09,100
Bau and Roxborough.

3208
01:32:09,100 --> 01:32:10,100
All those in favor,

3209
01:32:10,100 --> 01:32:11,100
please say aye.

3210
01:32:11,100 --> 01:32:12,100
Aye.

3211
01:32:12,100 --> 01:32:14,100
Any opposed?

3212
01:32:14,100 --> 01:32:15,100
Thank you very much.

3213
01:32:15,100 --> 01:32:16,100
Thank you.

3214
01:32:16,100 --> 01:32:17,100
And welcome again,

3215
01:32:17,100 --> 01:32:19,100
Commissioner Daniel.

3216
01:32:22,100 --> 01:32:23,100
Before we go

3217
01:32:23,100 --> 01:32:25,100
into closed session,

3218
01:32:29,100 --> 01:32:30,100
are there any speakers

3219
01:32:30,100 --> 01:32:32,100
on the closed session item?

3220
01:32:32,100 --> 01:32:35,601
Yes, Madam Chair, we have two.

3221
01:32:38,100 --> 01:32:40,100
Sorry, not closed session.

3222
01:32:40,100 --> 01:32:41,100
Thank you.

3223
01:32:41,100 --> 01:32:42,100
I understand that there are

3224
01:32:42,100 --> 01:32:43,100
late arrivals who would want to

3225
01:32:43,100 --> 01:32:45,100
provide general comments.

3226
01:32:45,100 --> 01:32:46,100
I would like

3227
01:32:46,100 --> 01:32:47,100
to entertain those

3228
01:32:47,100 --> 01:32:48,100
before we go

3229
01:32:48,100 --> 01:32:49,100
into closed session, but please

3230
01:32:49,100 --> 01:32:50,100
be reminded that we have a

3231
01:32:50,100 --> 01:32:51,100
comment period for general

3232
01:32:51,100 --> 01:32:52,100
comments as per the order

3233
01:32:52,100 --> 01:32:53,100
of business listed

3234
01:32:53,100 --> 01:32:55,100
on the agenda.

3235
01:32:56,100 --> 01:32:57,100
Madam Secretary, how many

3236
01:32:57,100 --> 01:32:59,100
speakers are there?

3237
01:32:59,100 --> 01:33:01,100
We have two.

3238
01:33:01,100 --> 01:33:02,100
Let's please give each speaker

3239
01:33:02,100 --> 01:33:03,100
two minutes.

3240
01:33:03,100 --> 01:33:05,100
Please call the speakers up.

3241
01:33:05,100 --> 01:33:06,100
Could I please request the

3242
01:33:06,100 --> 01:33:07,100
following two speakers

3243
01:33:07,100 --> 01:33:10,100
to line up by the windows

3244
01:33:10,100 --> 01:33:11,100
in the order I call

3245
01:33:11,100 --> 01:33:13,100
out your name?

3246
01:33:14,100 --> 01:33:17,601
Mar?a Mendon and Glenda Rico.

3247
01:33:35,100 --> 01:33:37,100
Maria Mendon please step up to

3248
01:33:37,100 --> 01:33:40,100
the lectern, state your name and

3249
01:33:40,100 --> 01:33:42,100
your comments.

3250
01:33:45,100 --> 01:33:48,100
Buenos d?as, mi nombre es

3251
01:33:48,100 --> 01:33:51,100
Mar?a Rendon. He trabajado para

3252
01:33:51,100 --> 01:33:53,100
Flying Food por cerca de 20

3253
01:33:53,100 --> 01:33:55,100
a?os.

3254
01:33:56,100 --> 01:33:57,100
Yo nunca eh tenido ni un

3255
01:33:57,100 --> 01:34:00,601
problema con la compa?a, pues

3256
01:34:01,100 --> 01:34:03,100
desde, mis a?os de trabajo lo

3257
01:34:03,100 --> 01:34:06,100
comprueba. La compa?a nunca ha

3258
01:34:06,100 --> 01:34:08,100
sido mala conmigo. Es una buena

3259
01:34:08,100 --> 01:34:11,100
compa?a, si a m? la compa?a me

3260
01:34:11,100 --> 01:34:14,100
robara mi salario no estar?a ay

3261
01:34:14,100 --> 01:34:16,401
trabajando. En segunda, he

3262
01:34:17,100 --> 01:34:20,601
sufrido tanto acoso y agresi?n

3263
01:34:21,100 --> 01:34:22,100
por parte de los lideres

3264
01:34:22,100 --> 01:34:24,100
sindicales que hasta el momento

3265
01:34:24,100 --> 01:34:28,100
tuve que pedir mi cambio de mi

3266
01:34:28,100 --> 01:34:31,100
?rea de departamento porque es

3267
01:34:31,100 --> 01:34:34,100
demasiado la presi?n que tengo

3268
01:34:34,100 --> 01:34:37,100
ay por parte de los compa?eros,

3269
01:34:37,100 --> 01:34:39,100
y no todos,

3270
01:34:39,100 --> 01:34:42,100
algunos son buenos. Desde las

3271
01:34:43,100 --> 01:34:44,100
condiciones de mi ?rea de

3272
01:34:44,100 --> 01:34:46,100
trabajo pues se supone que

3273
01:34:46,100 --> 01:34:48,100
nosotros como trabajadores

3274
01:34:48,100 --> 01:34:49,100
tenemos que mantener nuestra

3275
01:34:49,100 --> 01:34:52,100
?rea limpia. Algunos le echan

3276
01:34:52,100 --> 01:34:54,100
la culpa a la compa?a, no es

3277
01:34:54,100 --> 01:34:55,100
culpa de la compa?a que el

3278
01:34:55,100 --> 01:34:57,401
departamento este sucia, es

3279
01:34:58,100 --> 01:35:01,100
culpa de nosotros mismos porque

3280
01:35:01,100 --> 01:35:03,100
los compa?eros tenemos que

3281
01:35:03,100 --> 01:35:06,100
limpiar nuestra ?rea. No tengo

3282
01:35:07,100 --> 01:35:09,100
nada m?s que decir. Muchas

3283
01:35:09,100 --> 01:35:11,401
gracias por atenderme. Gracias.

3284
01:35:20,100 --> 01:35:22,401
Thank you. Glenda Rico,

3285
01:35:24,100 --> 01:35:26,100
please step up to the lectern

3286
01:35:26,100 --> 01:35:27,100
and provide your comments. Thank

3287
01:35:27,100 --> 01:35:29,100
you.

3288
01:35:29,100 --> 01:35:30,100
Buenos d?as a

3289
01:35:30,100 --> 01:35:31,100
todos los presentes. Mi nombre

3290
01:35:31,100 --> 01:35:34,100
es Glenda Rico y trabajo en el

3291
01:35:34,100 --> 01:35:36,401
departamento de frutas. Llevo

3292
01:35:37,100 --> 01:35:39,100
24 a?os trabajando ah?.

3293
01:35:39,100 --> 01:35:40,100
Durante mis a?os,

3294
01:35:40,100 --> 01:35:42,100
es una compa?a excelente,

3295
01:35:42,100 --> 01:35:45,100
llena de oportunidades. Y lo

3296
01:35:45,100 --> 01:35:48,100
triste que estoy pues de ver

3297
01:35:48,100 --> 01:35:50,100
tantas cosas contrarias a la

3298
01:35:50,100 --> 01:35:52,100
compa?a. Si fuera mala, no

3299
01:35:52,100 --> 01:35:54,100
estuviera trabajando por tantos

3300
01:35:54,100 --> 01:35:56,100
a?os. Gracias a Dios, mis hijas

3301
01:35:56,100 --> 01:35:58,100
ahora se han graduado. Y le doy

3302
01:35:58,100 --> 01:36:00,100
gracias a la compa?a porque me

3303
01:36:00,100 --> 01:36:02,100
ha dado un empleo, una

3304
01:36:02,100 --> 01:36:05,100
estabilidad donde yo he podido

3305
01:36:05,100 --> 01:36:07,100
ayudar a mis hijas a estudiar y

3306
01:36:07,100 --> 01:36:09,100
graduarse. Y hay muchas

3307
01:36:09,100 --> 01:36:10,100
familias que dependemos de

3308
01:36:10,100 --> 01:36:12,100
ello, y no entiendo por qu?

3309
01:36:12,100 --> 01:36:14,100
dicen que es una mala compa?a.

3310
01:36:14,100 --> 01:36:15,100
A veces no queremos seguir las

3311
01:36:15,100 --> 01:36:17,100
reglas, reglas que tenemos que

3312
01:36:17,100 --> 01:36:19,100
seguir, y hay gente que no le

3313
01:36:19,100 --> 01:36:21,100
gusta seguir las reglas. No es

3314
01:36:21,100 --> 01:36:23,100
la compa?a. A veces somos

3315
01:36:23,100 --> 01:36:25,100
nosotros los mismos empleados

3316
01:36:25,100 --> 01:36:27,100
que no nos gusta seguir reglas.

3317
01:36:27,100 --> 01:36:29,100
Entonces no es la compa?a. La

3318
01:36:29,100 --> 01:36:31,100
compa?a ofrece el trabajo,

3319
01:36:31,100 --> 01:36:33,100
ofrece las reglas,

3320
01:36:33,100 --> 01:36:34,100
y dice desde un principio,

3321
01:36:34,100 --> 01:36:38,100
que uno se mete a trabajar, te

3322
01:36:38,100 --> 01:36:41,100
da el manual y te dice qu?

3323
01:36:41,100 --> 01:36:43,100
hacer y qu? no hacer. A veces

3324
01:36:43,100 --> 01:36:44,100
no nos gusta seguir las reglas,

3325
01:36:44,100 --> 01:36:46,100
pero la compa?a es excelente y

3326
01:36:46,100 --> 01:36:48,100
est? llena de oportunidades.

3327
01:36:48,100 --> 01:36:50,100
Gracias.

3328
01:36:59,100 --> 01:37:01,100
Any additional speakers?

3329
01:37:02,100 --> 01:37:04,100
No Madam Chair.

3330
01:37:08,100 --> 01:37:09,100
I'd

3331
01:37:09,100 --> 01:37:10,100
like to pass it over to the

3332
01:37:10,100 --> 01:37:11,100
City Attorney before we break

3333
01:37:11,100 --> 01:37:12,100
into closed session.

3334
01:37:12,100 --> 01:37:15,100
Just to clarify, Madam Chair,

3335
01:37:15,100 --> 01:37:16,100
general public comment is now

3336
01:37:16,100 --> 01:37:18,100
closed after being reopened.

3337
01:37:18,100 --> 01:37:20,100
Thank you.

3338
01:37:20,100 --> 01:37:21,100
Vice President Aramayo,

3339
01:37:21,100 --> 01:37:22,100
the board will now go

3340
01:37:22,100 --> 01:37:24,100
into closed session

3341
01:37:24,100 --> 01:37:25,100
to discuss items listed

3342
01:37:25,100 --> 01:37:27,100
on the closed session agenda.

3343
01:37:27,100 --> 01:37:28,100
We will then go back

3344
01:37:28,100 --> 01:37:29,100
into open session

3345
01:37:29,100 --> 01:37:30,100
to report back

3346
01:37:30,100 --> 01:37:31,100
on any actions taken

3347
01:37:31,100 --> 01:37:33,401
in that closed session.

3348
01:37:34,100 --> 01:37:36,100
Thank you.

3349
01:40:22,100 --> 01:40:23,100
Board has returned

3350
01:40:23,100 --> 01:40:24,100
from closed session.

3351
01:40:24,100 --> 01:40:25,100
Does the city attorney

3352
01:40:25,100 --> 01:40:27,100
have anything to report?

3353
01:40:27,100 --> 01:40:28,100
Thank you, Vice President

3354
01:40:28,100 --> 01:40:29,100
Aramayo.

3355
01:40:29,100 --> 01:40:30,100
No, there's

3356
01:40:30,100 --> 01:40:31,100
nothing to report

3357
01:40:31,100 --> 01:40:32,100
from closed session.

3358
01:40:32,100 --> 01:40:33,100
Thank you.

3359
01:40:33,100 --> 01:40:34,100
And does any commissioner wish

3360
01:40:34,100 --> 01:40:35,100
to request items

3361
01:40:35,100 --> 01:40:37,100
for future calendaring?

3362
01:40:38,100 --> 01:40:39,100
Did any commissioner

3363
01:40:39,100 --> 01:40:40,100
participate in a LAWA

3364
01:40:40,100 --> 01:40:41,100
related event and wish to

3365
01:40:41,100 --> 01:40:43,100
share information about it?

3366
01:40:43,100 --> 01:40:44,100
I did yesterday. I

3367
01:40:44,100 --> 01:40:45,100
participated in the LA

3368
01:40:45,100 --> 01:40:48,100
Current Affairs Forum. I was

3369
01:40:48,100 --> 01:40:50,100
there, and also Aaron Trapp and

3370
01:40:50,100 --> 01:40:52,100
Nicole Carsell were there. The

3371
01:40:52,100 --> 01:40:53,100
keynote speaker was

3372
01:40:53,100 --> 01:40:55,100
Councilmember Emeritus Paul

3373
01:40:55,100 --> 01:40:57,401
Krikorian, and he's educated

3374
01:40:58,100 --> 01:40:59,100
us,

3375
01:40:59,100 --> 01:41:01,100
made a very good presentation.

3376
01:41:01,100 --> 01:41:03,100
He's now the Executive Director

3377
01:41:03,100 --> 01:41:05,100
of the Office of the Mayor's

3378
01:41:05,100 --> 01:41:06,100
Events for the city of Los

3379
01:41:06,100 --> 01:41:08,100
Angeles. So, he gave us a really

3380
01:41:08,100 --> 01:41:09,100
great insight

3381
01:41:09,100 --> 01:41:11,100
about what the mayor is doing

3382
01:41:11,100 --> 01:41:12,100
to get ready

3383
01:41:12,100 --> 01:41:13,100
for and what our city is doing

3384
01:41:13,100 --> 01:41:14,100
to get ready for the

3385
01:41:14,100 --> 01:41:16,401
Olympics. Very good event.

3386
01:41:17,100 --> 01:41:20,601
Thank you. Any others? Our next

3387
01:41:21,100 --> 01:41:22,100
board meeting is scheduled

3388
01:41:22,100 --> 01:41:24,100
for Thursday, August 27, 2026

3389
01:41:24,100 --> 01:41:26,100
at 10 a.m. That completes our

3390
01:41:26,100 --> 01:41:28,100
business for today. This

3391
01:41:28,100 --> 01:41:30,401
special meeting is adjourned.