Share to Facebook Share to Twitter Bookmark and Share
File #: 201348    Version: 1 Name: Lease Amendment - DFS Group, L.P. - The International Terminal Duty Free and Luxury Lease - Temporary Modified Percentage Rent Structure or Reinstatement of Minimum Annual Guarantee - $42,000,000
Type: Resolution Status: Passed
Introduced: 12/15/2020 In control: Clerk of the Board
On agenda: 12/15/2020 Final action: 2/12/2021
Enactment date: 2/12/2021 Enactment #: 035-21
Title: Resolution approving Amendment No. 2 to the International Terminal Duty Free and Luxury Store Lease No. 17-0303 between DFS Group, L.P. and the City and County of San Francisco, acting by and through its Airport Commission, which continues the temporary modified percentage rent structure to 33% of sales through the earlier to occur of December 31, 2023, or the reinstatement of the minimum annual guarantee of $42,000,000 contingent upon completion of certain construction projects by December 31, 2021, with no change to the 14-year term, to commence upon approval by the Board of Supervisors.
Attachments: 1. Leg Ver1, 2. DRAFT Amend No. 2, 3. Executed Lease Agmt 120517, 4. Amend No. 1 071320, 5. Air Comm Reso No. 20-0222 and Memo, 6. AIR Ltr 120820, 7. Form 126, 8. BLA Report 012721, 9. Comm Pkt 012721, 10. Board Pkt 020221, 11. Leg Final
Related files: 200542, 180079
Legislation Details
 *NOTE: These reports are produced in HTML format and are accessible to screen readers.