This resolution allows the San Francisco International Airport to reduce the minimum annual payments and percentage rent for certain food and beverage concession tenants. It also changes how the annual minimum guarantees are adjusted for all food and beverage leases at the airport.
Resolution approving the Food and Beverage Minimum Annual Guarantee and Pre-Security Rent Reduction Program for Food & Beverage Concession Tenants allowing the San Francisco International Airport to enter into lease amendments to lower the minimum annual guarantees for 18 of 69 food & beverage leases, lower the percentage rent structure for seven pre-security leases, and alter the annual minimum annual guarantee adjustment methodology for all food and beverage leases.
How it got here
This resolution seeks to extend the lease for a food and beverage kiosk at Terminal 1 Boarding Area C by two years, moving the end date from August 31, 2033, to August 31, 2035. It is currently pending action by a committee.
This resolution approves a two-year extension of the food and beverage concession lease at Terminal 1, allowing Lady Luck Gourmet, LLC to operate until August 31, 2035. It is currently pending committee action.
This resolution seeks to extend the lease for food and beverage concessions at the International Terminal by two years, moving the end date from July 31, 2030, to July 31, 2032. It is currently pending committee action.
This resolution seeks to extend the lease for food and beverage concessions at the International Terminal of San Francisco International Airport by two years, moving the end date from January 31, 2031, to January 31, 2033. It is currently pending committee action.
This resolution seeks to extend the lease for the Terminal 3 Boarding Area F Café by two years, moving the end date from August 31, 2033, to August 31, 2035. It involves a small business enterprise set-aside and is currently pending committee action.