2.

*Approval of Vouchers

Construction Warrant Numbers 002698 – 002728 $3,177,375.63

Operational Warrant Numbers 101317 – 101621 $2,583,032.61

3.

*First Amendment to Lease Agreement for Building 1378, Suite 105 – DWG & Associates, Inc. – Since October 2005, lessee has utilized approximately 350 square feet of office space on a month to month basis. The term of this agreement shall continue on a month to month basis and the rent shall be $15.40 per square foot per annum or $449.17 monthly excluding Washington state leasehold tax. Staff recommends approval.

ABP

4.

*Third Amendment to Lease Agreement – Delta Tango Corporation – This agreement is being amended to reflect the addition of 3,324 square feet for a total of 29,802 square feet of unimproved land. Total annual rent shall be $4,897.72 plus Washington state leasehold tax. Staff recommends approval.

FF

5.

*First Amendment to Lease Agreement – J. E. Love Company, L.L.C. - In July 2007, James Love entered into a lease agreement for approximately 11,000 square feet of unimproved land to construct an aircraft hangar at Felts Field. The FAA has subsequently approved the 7460-1 application. The term is twenty-five (25) years and commenced September 21, 2007. The initial rental rate shall be $0.18 per square foot per annum or $1,980 annually plus Washington state leasehold tax. Staff recommends approval.

FF

6.

*First Amendment to Lease Agreement – Joseph R. and Betty L. Maridon - In July 2007, the Maridons entered into a lease agreement for approximately 6,650 square feet of unimproved land to construct an aircraft hangar at Felts Field. The FAA has subsequently approved the 7460-1 application. The term is twenty-five (25) years and commenced August 27, 2007. The initial rental rate shall be $0.18 per square foot per annum or $1,197 annually plus Washington state leasehold tax. Staff recommends approval.

FF

7.

*Consent to Sublease – Moody Bible Institute of Chicago to Spokane Turbine Center –Moody Bible has requested to sublease Parcel B to Spokane Turbine Center effective September 1, 2007. Spokane Turbine shall pay $0.19 per square foot per annum for 24,790 square feet or $4,710.10 annually and shall be subject to all terms and conditions of the lease agreement with Moody Bible. Staff recommends approval.

FF

8.

*Third Amendment to Lease Agreement – Pemberton and Sons Aviation, L.L.C. – This agreement is being amended to reflect the addition of 3,458 square feet of unimproved land for a total of 37,904 square feet. Total annual rent shall be $6,308.08 plus Washington state leasehold tax. Staff recommends approval.

FF

9.

*First Amendment to Lease Agreement – Blue Wings, LLC - In August 2007, Mr. Clifford requested a lease for approximately 11,000 square feet of unimproved land to construct an aircraft hangar at Felts Field. The FAA has subsequently approved the 7460-1 application. The term of the agreement is twenty-five (25) years and commenced September 6, 2007. The initial rental rate shall be $0.18 per square foot per annum or $1,980 annually plus Washington state leasehold tax. Staff recommends approval.

FF

Regular Agenda

10.

Change Order, Absolute/Empire Aviation Facility – Halme Builders – At the September 2006 meeting, the Airport Board ratified the low bid of $2,219,512.50 from Halme Builders for construction services of the Absolute/Empire Aviation shared hangar and office building. A change order in the amount of $54,516.91 was submitted and evaluated by Womer and Associates. Staff recommends approval of payment for the change order to Halme Builders in the amount of $54,516.91.

SIA

11.

2008 Airport Budget Authorization – The 2008 budget proposal increases the landing fees from $1.28 to $1.32 and increases the airline terminal rates by four percent. Revenues will continue to be generated from the new food/beverage/retail locations and new concession agreements with the rental car companies. Future capital projects will include the planning and design of the expansion of Concourse C, the addition of a third parking garage and facility modifications. The revenue/expense margin for SIA is increased by three percent. The Board Finance Committee Chair and staff recommend authorization of the formal submission of the 2008 maintenance and operating budget proposal of $29,520,395 to the City and County of Spokane for consideration.

SIA, ABP, FF

12.

Approval of Covenants, Conditions and Restrictions (CC&Rs) for Non-Aeronautical Development – CC&Rs for the development of non-aeronautical commercial property at Spokane International Airport have been created to communicate construction guidelines and to establsih an application process that is efficient and predictable for potential applicants. Staff recommends adoption of the Non-Aeronautical Covenants, Conditions and Restrictions.

SIA

13.

Ratification of Grant Acceptance for Third Runway Alignment Study – In conjunction with Spokane County’s Joint Land Use Study to determine appropriate land use provisions adjacent to the airport, the need to study the future alignment of a proposed third runway at GEG, either parallel to Fairchild Air Force Base or to the airport’s existing runway 3-21, has become more urgent. The airport has obtained a $150,000 grant from the Washington State DOT to determine the alignment of the proposed third runway. Staff recommends ratification of the acceptance of this grant.

SIA

Staff Reports

• Airport Director’s Report

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

Executive session to follow for discussion of litigation, personnel and real estate.

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.

A Planning Session of the Airport Board and staff will be held following this board meeting beginning at 11:30 a.m. at the Airport Holiday Inn, 1616 S. Windsor Drive.

The next scheduled Board meeting will be November 21, 2007 in the Airport Boardroom.