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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.
How it got here
Document trail
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Air Comm Reso No. 20-0156 091520
PDF โResolution
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BLA Report 071421
PDF โBudget 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
โRECEIVED AND ASSIGNED
Budget and Finance CommitteeJul 14, 2021
โRECOMMENDEDPass
Board of SupervisorsJul 20, 2021
โADOPTEDPass
MayorJul 30, 2021
โAPPROVED