Back to legislation
Resolution#201322Passed
In plain English
This resolution approves a 12-year lease agreement between ALD Development Corporation and the City of San Francisco for airport-related operations, with an option to extend for two additional years. The lease guarantees a minimum annual payment of over $3.1 million for the first year.
Resolution approving Lease No. 20-0048, between ALD Development Corporation dba Airport Dimensions, as tenant, and the City and County of San Francisco, as landlord, acting by and through its Airport Commission, for a term of 12 years with two one-year options to extend, and a minimum annual guarantee of $3,100,915.50 for the first year of the Lease, to commence upon approval by the Board of Supervisors.
How it got here
Document trail
PDF โ
PDF โ
Air Comm Reso No. 20-0048 031720
PDF โResolution
PDF โ
PDF โ
BLA Report 051221
PDF โBudget and Legislative Analyst
PDF โ
BLA Report 071421
PDF โBudget and Legislative Analyst
PDF โ
PDF โ
PDF โ
PDF โ
PDF โ
How they voted
ADOPTED
Board of Supervisors ยท Jul 20, 2021Pass
4-0
Legislative journey
Clerk of the BoardNov 24, 2020
ยทRECEIVED FROM DEPARTMENT
PresidentDec 8, 2020
โRECEIVED AND ASSIGNED
Budget and Finance CommitteeMay 12, 2021 โ Jul 14, 2021
โทCONTINUED TO CALL OF THE CHAIRPass
โRECOMMENDEDPass
Board of SupervisorsJul 20, 2021
โADOPTEDPass
MayorJul 30, 2021
โAPPROVED