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File #:
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240257
Version:
1
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Name:
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Lease Amendment - Elevate Gourmet Brands, Inc. and Aimhigh ESG, LLC, a Joint Venture dba Elevate Gourmet Brands - SFO Group - Terminal 3 Coffee and Quick Serve Concession Lease No. 18-0346 - Reimbursement of $279,627 for Unamortized Construction Costs
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Type:
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Resolution
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Status:
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Passed
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On agenda:
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3/26/2024
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Final action:
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6/13/2024
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Enactment date:
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6/13/2024
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Enactment #:
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316-24
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Title:
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Resolution approving Amendment No. 3 to the Terminal 3 Coffee and Quick Serve Concession Lease - Lease No. 18-0346, between Elevate Gourmet Brands, Inc., and Aimhigh ESG, LLC, a joint venture dba Elevate Gourmet Brands - SFO Group and the City and County of San Francisco, acting by and through its Airport Commission, for the removal of the SF Mac & Cheese Kitchen facility from the Lease, reimbursement of $279,627 to Tenant for unamortized construction costs relating to the SF Mac & Cheese Kitchen facility, and reduction of the Minimum Annual Guarantee from $375,000 to $185,000 and the Annual Promotion Charge from $1,991 to $405 to reflect the reduction in the square footage of the remaining premises of the Lease, effective upon approval of this Resolution, with no changes to the term.
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Attachments:
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1. Leg Ver1, 2. DRAFT Amend No. 3, 3. Air Comm Reso No. 23-0313 121923, 4. Original Lease 1018, 5. Amend No. 1 030921, 6. Amend No. 2 042924, 7. AIR Ltr 031524, 8. Form 126, 9. BLA Rpt 052224, 10. Cmte Pkt 052224, 11. Board Pkt 060424, 12. Form 126 Final, 13. Leg Final, 14. Executed Amend No. 3 070824
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