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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, 12. Form 126 Final, 13. Executed Amend No. 2
Related files: 200542, 180079
Legislation Details
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