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Resolution#220845Passed
In plain English
This resolution approves a reduction in the leased space for a newsstand and coffee shop at Terminal 2, decreasing the area by about 20% and lowering the minimum annual payment by $302,625. The lease term remains unchanged, running from May 1, 2011, to June 30, 2023.
Resolution approving Amendment No. 4 to the Terminal 2 Newsstands, Coffee and Specialty Store Lease No. 10-0232, between World Duty Free Group North America, LLP, as tenant, and the City and County of San Francisco, acting by and through its Airport Commission, for a reduction in the total leasehold square footage of the demised premises by approximately 20% which results in a reduction in the Minimum Annual Guarantee of $302,625 with no change to the term of May 1, 2011, through June 30, 2023, effective upon approval of this Resolution.
How it got here
Document trail
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DRAFT Amend No. 4
PDF โAmendment
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Amend No. 1 120611
PDF โAmendment
Amend No. 2 032621
PDF โAmendment
Amend No. 3 121520
PDF โAmendment
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AIR Reso 22-0110 062122
PDF โResolution
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BLA Rpt 092122
PDF โBudget and Legislative Analyst
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How they voted
ADOPTED
Board of Supervisors ยท Oct 18, 2022Pass
5-0
CONTINUED
Board of Supervisors ยท Sep 27, 2022Pass
5-0
RECOMMENDED
Budget and Finance Committee ยท Sep 21, 2022Pass
1-0
Legislative journey
Clerk of the BoardJul 13, 2022
ยทRECEIVED FROM DEPARTMENT
PresidentJul 26, 2022
โRECEIVED AND ASSIGNED
Budget and Finance CommitteeSep 21, 2022
โRECOMMENDEDPass
Board of SupervisorsSep 27, 2022 โ Oct 18, 2022
โทCONTINUEDPass
โADOPTEDPass
MayorOct 28, 2022
โAPPROVED