This resolution approves a two-year extension of the lease for the Terminal 3 Boarding Area F food and beverage kiosk operated by Sidewalk Juice SFO, LLC, extending it to August 31, 2035. It is currently pending committee action.
Resolution approving Amendment No. 2 to the Terminal 3 Boarding Area F Food and Beverage Kiosk Lease, A Small Business Enterprise Set-Aside, Lease No. 19-0245, between Sidewalk Juice SFO, LLC, and the City and County of San Francisco, acting by and through its Airport Commission, to extend the base operating term of the Lease by two years from August 31, 2033, for a total term of April 10, 2020, through August 31, 2035.
How it got here
The legislation originated from the need to extend the lease term for Sidewalk Juice SFO, LLC due to financial pressures from high development costs.
The Airport Commission awarded the Terminal 3 Boarding Area F Food and Beverage Kiosk Lease No. 19-0245 to Sidewalk Juice SFO, LLC with a base term of 10 years.
The Board of Supervisors voted to approve the lease awarded by the Airport Commission.
The Commission authorized a lease extension program that provided a two-year and six-month extension for the lease, resulting in a new expiration date of August 31, 2033.
The Board approved Amendment No. 1 to the lease, which implemented the COVID-19 Lease Extension.
The Commission approved Amendment No. 2 to extend the lease term by two years to August 31, 2035, to improve the financial health of the lease.
The resolution for Amendment No. 2 was received from the Airport Commission and is pending committee action.
The resolution was assigned to a committee for further consideration.
Reconstructed from attached documents & the official record