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Public Notice Is Hereby Given

PUBLIC NOTICE IS HEREBY GIVEN in accordance with Section 147(f) of the Internal Revenue Code of 1986, as amended, that at 9:00 a.m., or as soon thereafter as the matter can be heard, on Friday, May 25, 2018, in the Board Briefing Room, at the Los Angeles International Airport, Clifton Moore Administration Building, 1 World Way, Los Angeles, California 90045, a public hearing (the “Public Hearing”) will be conducted on behalf of the Regional Airports Improvement Corporation (“RAIC”) and the City of Los Angeles, California (the “City”). During the Public Hearing, information concerning the proposed sale and issuance by RAIC of its Facilities Lease Refunding Revenue Notes, Issue of 2018A (Tax-Exempt) LAXFUEL Corporation (Los Angeles International Airport) and Facilities Lease Revenue Notes, Issue of 2018B (Taxable) LAXFUEL Corporation (Los Angeles International Airport) (collectively, the “2018 Notes”) will be heard and considered. The 2018 Notes will be issued in an aggregate principal amount expected not to exceed $45 million, with the tax-exempt 2018 Notes expected not to exceed $40 million, for the purpose of (1) constructing and commissioning four (4) new fuel storage tanks and related infrastructure and the modernization of the Emergency Fuel Shutoff (EFSO) and Programmable Logic Controller (PLC) systems at the Los Angeles International Airport (the “Project”), (2) refunding RAIC’s Facilities Lease Refunding Revenue Bonds, Issue of 2005, the proceeds of which provided fuel storage and related facilities at Los Angeles International Airport, (3) reimbursing LAXFUEL Corporation for certain prior expenditures with respect to the Project, (4) funding the deposit of the reserve account for the 2018 Notes, and (5) funding certain costs of issuance with respect to the issuance of the 2018 Notes. The Project is located within the boundaries of the Los Angeles International Airport located at 1 World Way, Los Angeles, California 90045. RAIC or the City shall be the sole owner of the Project. Substantially all of the Project will be leased and operated by LAXFUEL Corporation pursuant to a Facilities Lease dated as of December 1, 1991 (the “Facilities Lease”), by and between LAXFUEL Corporation and RAIC. The 2018 Notes will be limited obligations of RAIC, payable on a parity with other outstanding obligations under the Indenture of Mortgage and Deed of Trustee dated as of December 1, 1991, as amended and supplemented (the “Indenture”), by and between RAIC and U.S. Bank National Association, as successor trustee (the “Trustee”). The 2018 Notes are payable solely from amounts pledge therefor and received by the Trustee, including Facility Rent payable by LAXFUEL Corporation under the Facilities Lease. The 2018 Notes and other obligations outstanding under the Indenture do not constitute an indebtedness or pledge of the faith and credit or the taxing power of the City, the City’s Department of Airports, the State of California or any political subdivision of the State of California, and neither the City, the City’s Department of Airports, the State of California nor any political subdivision of the State of California will be obligated to pay the principal of, or interest or premium, if any, on the 2018 Notes or other costs incident thereto. Those wishing to comment on the issuance of the 2018 Notes or on the proposed nature and location of the Project may either appear in person at the time and place indicated above or submit written comments, which must be delivered to RAIC before the Public Hearing as follows: Regional Airports Improvement Corporation c/o O’Melveny & Myers LLP 400 South Hope Street, 18th Floor Los Angeles, CA 90071 Attn: Valerie Smith ALL PERSONS HAVING ANY INFORMATION RELEVANT TO THE PROPOSED ISSUANCE OF THE 2018 NOTES DESCRIBED ABOVE ARE HEREBY INVITED TO APPEAR AT THE TIME AND PLACE MENTIONED ABOVE TO PRESENT SUCH INFORMATION. Dated: May 11, 2018

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Public & Legal Notices