City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
240257
Name:
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
Status:
Type:
Resolution
Passed
File created:
In control:
3/26/2024
Clerk of the Board
On agenda:
Final action:
3/26/2024
6/13/2024
Enactment date:
6/13/2024
316-24
Enactment #:
Title:
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.
Sponsors:
Attachments:
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
Action By
Date
Action
Result
Ver.
RECEIVED FROM DEPARTMENT
Clerk of the Board
3/15/2024
1
RECEIVED AND ASSIGNED
President
3/26/2024
1
RECOMMENDED
Budget and Finance Committee
5/22/2024
1
Pass
ADOPTED
Board of Supervisors
6/4/2024
1
Pass
APPROVED
Mayor
6/13/2024
1
RECEIVED FROM DEPARTMENT
Clerk of the Board
7/8/2024
1