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Resolution#210410Passed
In plain English

This resolution approves a 12-year lease for retail spaces at Terminal 2 and Harvey Milk Terminal 1 at the airport, with MRG San Francisco Terminal 2, LLC. as the tenant. The lease includes a minimum annual payment of $2,300,000 for the first year, starting after approval from the Board.

Resolution approving Terminal 2 Retail Market and Harvey Milk Terminal 1 Specialty Retail Stores Concession Lease No. 20-0156, between MRG San Francisco Terminal 2, LLC., 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, and a Minimum Annual Guarantee of $2,300,000 for the first year of the Lease, to commence upon Board approval.

Introduced: Apr 27, 2021
Final action: Jul 30, 2021
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How it got here

Document trail
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BLA Report 071421
Budget and Legislative Analyst
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How they voted

ADOPTED
Board of Supervisors ยท Jul 20, 2021Pass
4-0

Legislative journey

Clerk of the BoardApr 14, 2021
ยทRECEIVED FROM DEPARTMENT
PresidentApr 27, 2021
โ†’RECEIVED AND ASSIGNED
Budget and Finance CommitteeJul 14, 2021
โœ“RECOMMENDEDPass
Board of SupervisorsJul 20, 2021
โœ“ADOPTEDPass
MayorJul 30, 2021
โœ“APPROVED