This resolution approves a three-year extension of the ground lease between San Francisco and United Airlines, including rent adjustments and updates to legal provisions. It will take effect only after receiving approval from the Board of Supervisors.
Resolution approving Modification No. 3 to Ground Lease No. 00-0464 between the City and County of San Francisco, acting by and through its Airport Commission, and United Airlines, Inc. to extend the term by three years, provide for rent adjustments during the extension term, and update certain legal provisions required by applicable local, state, and federal laws, as defined herein, to take effect only after approval by the Board of Supervisors.
How it got here
The legislation originated from the need to extend the ground lease between the City and United Airlines due to delays in airport development projects.
The Airport Commission approved Ground Lease No. 00-0464 with United Airlines for a portion of Plot 6 at San Francisco International Airport.
The Board of Supervisors approved the original lease between the City and United Airlines.
The Commission approved Modification No. 1 to extend the lease term to June 30, 2021, and adjust the annual rent.
The Commission approved Modification No. 2, which modified the premises through an exchange of parcels.
The Commission approved Modification No. 3 to extend the lease term by three years and update legal provisions.
The Budget and Finance Committee recommended the resolution for the Board of Supervisors' approval.
The Board of Supervisors adopted the resolution approving Modification No. 3 to the ground lease.
The Mayor approved the resolution, finalizing the lease modification.
Reconstructed from attached documents & the official record
