This resolution approves leases for food and beverage concessions at the Harvey Milk Terminal 1 in San Francisco International Airport for a 12-year term, with a possible two-year extension. The leases will start once approved by the Board of Supervisors and require a minimum annual payment of $545,000 for the first year.
Resolution approving the Harvey Milk Terminal 1 Food and Beverage Concession Leases in Phases 3 and 4 - Lease 12, Lease No. 20-0042 between HFF SFO TWO, LLC, and the City and County of San Francisco, acting by and through its Airport Commission, for a term of 12 years with one two-year option to extend at the Airport’s sole discretion, and a minimum annual guarantee of $545,000 for the first year of the Lease, to commence upon approval by the Board of Supervisors.
How it got here
The legislation originated from the Airport Commission's competitive selection process for food and beverage concessions at San Francisco International Airport.
The Airport Commission authorized staff to commence a Request for Proposals (RFP) for five food and beverage concession leases in Terminal 1, including Lease 12.
The Commission approved revised lease specifications and authorized staff to accept proposals for the leases after an informational conference.
The Airport received eight proposals for the two leases, including Lease 12, which were reviewed by a panel.
The Airport Commission awarded Lease 12 to HFF SFO Two, LLC, following the competitive selection process.
The proposed resolution for Lease 12 was received from the Airport Commission for Board approval.
The Budget and Finance Committee recommended the resolution for approval by the Board of Supervisors.
The Board of Supervisors adopted the resolution approving Lease 12, which includes a minimum annual guarantee of $545,000.
Reconstructed from attached documents & the official record
A formal position or approval by the Board: Approve the Lease Termination Agreement for the Harvey Milk Terminal 1 Food and Beverage Concession Leases in Phases 3 and 4 - Lease 12, Lease No.
