This resolution approves a 14-year lease for food and beverage concessions at Terminal 3 West of the airport, with an option to extend for two additional years. The lease includes a minimum annual payment of $456,000 for the post-security area and $90,000 for the pre-security area.
Resolution approving Terminal 3 West Food and Beverage Phase 1 Concession Lease 2 - Post and Pre-Security Coffee, Lease No. 26-0203, between Proper Plover SFO LLC, as Tenant, and the City and County of San Francisco, acting by and through its Airport Commission, as Landlord, for a term of 14 years with one option to extend by two years, to commence upon approval of this Resolution, and a minimum annual guarantee of $456,000 for the post-security location and $90,000 for the pre-security location.
How it got here
The legislation originated from the Airport Commission's competitive selection process for food and beverage concessions at San Francisco International Airport.
The Airport Commission authorized staff to commence a competitive selection process for the Terminal 3 West Food and Beverage Phase 1 Concession Leases through a Request for Proposals (RFP).
Staff determined that five out of six proposals for Lease 2 - Post & Pre-Security Coffee met the RFP's minimum qualifications, leading to an evaluation panel's review.
The Airport Commission awarded Lease 2 - Post & Pre-Security Coffee to Proper Plover SFO LLC, directing the Director of Commission Affairs to seek Board of Supervisors' approval.
The Airport Commission forwarded the proposed resolution for the concession lease to the Board of Supervisors for approval.
Reconstructed from attached documents & the official record