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Resolution#230913Passed
In plain English
This resolution approves a lease agreement with Lenlyn LTD. for foreign currency exchange services at the San Francisco Airport, lasting four years with possible one-year extensions, and guarantees a minimum payment of $1,000,000 in the first year. The lease will take effect once the resolution is approved.
Resolution approving the Foreign Currency Exchange Services Lease, Lease No. 23-0198 with Lenlyn LTD. dba ICE Currency Services USA, as tenant, and the City and County of San Francisco, acting by and through its Airport Commission, for a term of four years with two one-year options to extend at the sole discretion of the Airport Commission, and a minimum annual guarantee of $1,000,000 for the first year of the Lease, effective upon approval of this Resolution.
How it got here
Document trail
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AIR Reso No. 23-0198 081523
PDF โResolution
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BLA Rpt 100423
PDF โBudget and Legislative Analyst
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How they voted
ADOPTED
Board of Supervisors ยท Oct 17, 2023Pass
5-0
RECOMMENDED
Budget and Finance Committee ยท Oct 4, 2023Pass
2-0
Legislative journey
Clerk of the BoardAug 23, 2023
ยทRECEIVED FROM DEPARTMENT
PresidentSep 5, 2023
โRECEIVED AND ASSIGNED
Budget and Finance CommitteeOct 4, 2023
โRECOMMENDEDPass
Board of SupervisorsOct 17, 2023
โADOPTEDPass
MayorOct 26, 2023
โAPPROVED