This resolution approves the termination of a lease agreement for retail space at San Francisco International Airport between Minute Suites Travelers Retreat and the city. It allows the city to end the lease for the specified retail concession.
Resolution approving Lease Termination Agreement for the Harvey Milk Terminal 1 Retail Concession Lease 8 at San Francisco International Airport, Lease No. 20-0045, between Minute Suites Travelers Retreat SFO, LLC, as tenant, and the City and County of San Francisco, acting by and through its Airport Commission.
How it got here
The legislation originated from the need to terminate a retail concession lease at San Francisco International Airport due to the impacts of the COVID-19 pandemic.
The Airport Commission awarded the Harvey Milk Terminal 1 Retail Concession Lease 8 to Minute Suites Travelers Retreat SFO, LLC, by Resolution No. 20-0045.
The Board of Supervisors approved the lease agreement by Resolution No. 525-20.
The Airport Commission approved the Lease Termination Agreement with Minute Suites Travelers Retreat SFO, LLC, allowing for a termination fee of $75,000 due to the tenant's inability to commence operations.
The Budget and Finance Committee recommended the approval of the Lease Termination Agreement to the Board of Supervisors.
The Board of Supervisors adopted the resolution approving the Lease Termination Agreement.
The Clerk of the Board received the fully executed Lease Termination Agreement from the Airport Commission.
Reconstructed from attached documents & the official record
