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File #: 251017    Version: 1 Name: Lease Agreement Extension - SkyStar Wheel, LLC - Observation Wheel - $11,000 Monthly Base Rent with Annual Increases Plus a Percentage Rent of 8% - Estimated Revenue $1,800,000
Type: Resolution Status: Pending Committee Action
Introduced: 10/7/2025 In control: Budget and Finance Committee
On agenda: Final action:
Enactment date: Enactment #:
Title: Resolution exempting from the competitive bidding policy set forth in Administrative Code, Sections 2.6-1 and 23.33, approving Port Lease 17322 for the continued operation of an observation wheel at SeaWall Lot (SWL) 301 between the Port of San Francisco and SkyStar Wheel, LLC for a period of 18 months with one 18-month extension option, to commence on November 1, 2025, through April 30, 2027, for a monthly base rent of $11,000 with annual increases plus a percentage rent of 8%, for an estimated revenue of $1,800,000; and adopting environmental findings under the California Environmental Quality Act.
Sponsors: Danny Sauter
Attachments: 1. Leg Ver1, 2. DRAFT Lease Agmnt Extension, 3. Exec. Lease 050124, 4. PLN Final EIR Addendum 2 103023, 5. PLN Memo to File 061124, 6. Port Comm. Reso No. 24-15 022724, 7. Port Comm. Reso No. 25-49 081225, 8. BOS Reso No. 194-24 050124, 9. Form 126
Related files: 240258
Legislation Details
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