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Budget and Finance Committee forwards airport leases, concession amendments to full Board

Budget and Finance Committee, Board of Supervisors, San Francisco County · May 22, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee unanimously forwarded resolutions approving two Market Street leases and concessions at SFO, including a Harvey Milk Terminal 1 museum store lease and a Terminal 3 concession amendment that reduces a tenant guarantee; each was recommended to the full Board for final approval.

San Francisco County's Budget and Finance Committee on May 22 unanimously forwarded several airport-related lease and concession resolutions to the full Board of Supervisors with positive recommendations.

The committee moved two property lease resolutions for Trinity Center LLC that would provide space to the Law Library and the Health Service System. The clerk described Item 1 as a 15-year lease with a 15-year option and a base rent of $599,000 per year with 3% annual increases; Item 2 was described as a 10-year lease for a…

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