2.

Operational Warrant Numbers 101866 – 101865 $2,488,020.61

3.

*First Amendment to Farm Consultant Agreement – Joseph D. Coombs – The current term of the agreement with Mr. Coombs, farm consultant, expires on December 31, 2007 with an option to renew for one additional three-year term commencing January 1, 2008. The fee shall remain the same at $75 per hour. Staff recommends approval.

4.

*First Amendment to Air Cargo Building Lease Agreements – Horizon Air, Inc. and Southwest Airlines Co. – The air cargo building lease agreements allow for an annual adjustment of rental rates for cargo space and common space. Effective January 1, 2008, the annual rent for Horizon and Southwest air cargo building space shall be $59,888.40. Staff recommends approval.

5.

*Signatory Airline Lease and Operating Agreements – Alaska Airlines, Inc., Delta Air Lines, Inc., Horizon Air Industries, Inc. dba Horizon Air, Skywest Airlines, Inc. and Southwest Airlines Co. – The lease and operating agreements with the signatory airlines allow for the annual adjustment of rents, fees and charges. Effective January 1, 2008, the amendments reflect an average four percent increase in all terminal rents and the landing fees are being increased from $1.28 to $1.32. Staff recommends approval.

6.

*Consent to Assignment, Lease Agreement – Eagle West Aviation, LLC to Eagle West Hangar One Condominium Association and Memorandum of Lease – Eagle West Hangar One Condominium Association – Mr. John Satterthwaite of Eagle West Aviation has formalized the formation of Hangar One Condominium Association and has requested that the lease agreement be assigned to the association effective December 19, 2007. He has also requested to have a memorandum of lease approved in order to record said lease. Staff recommends approval.

7.

*Approval of Covenants, Conditions and Restrictions (CC&Rs) – Eagle West Hangar One Condominium Association – As part of the formation of a hangar condominium association, Mr. John Satterthwaite has submitted CC&Rs for approval. The CC&Rs have been reviewed and are consistent with the terms of the agreement. Staff recommends approval.

8.

*First Amendment to Lease Agreement – Gary Ely – In August 2007, Mr. Gary Ely requested a lease for approximately 7,600 square feet of unimproved land to construct an aircraft storage hangar at Felts Field. The FAA has provided notification that the 7460-1 has been approved. The term of the agreement is 25 years and commenced September 4, 2007. The initial rental rate shall be $0.18 per square foot per annum or $1,368 per year plus Washington state leasehold tax. Staff recommends approval.

9.

*Underground Shallow Depth Cathodic Protection Bed Permit – Avista Corporation – Avista has requested the use of certain premises at Felts Field Airport to install, operate and maintain an underground shallow depth cathodic protection bed. The term of the permit will be forty years commencing November 1, 2007. Staff recommends approval.

Regular Agenda

10.

Final Balancing Change Order, Geiger Properties Subsurface Facility Removal and Fence Installation – NRC Environmental Services – In August 2007, NRC Environmental Services was awarded a contract for subsurface facility removal and fence installation at three properties acquired by the airport. This balancing change order reconciles the quantities estimated at bid time with the quantities actually used during the project. Staff recommends approval of the final change order in the amount of $7,580.82 including Washington state sales tax.

11.

Earlier this month, ACI-NA recognized the airport as a winner in three categories of its 2007 concessions contest. The awards are the byproduct of the TRACE project that commenced in the summer of 2005. This resolution recognizes twenty professionals involved in the project. Legal counsel recommends approval of Resolution No. 09-07.

The Airport Board may take action on other routine business issues as they may arise while the Board is in session.

Note: The consent agenda (*) may be considered in a single action. Any Board member or anyone in the gallery may ask for the separation of any item from the consent agenda for individual consideration. Please notify the Board Clerk if you wish to make such a request.

The next scheduled Board meeting will be January 16, 2008 in the Airport Boardroom.