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Budget & Finance Committee forwards SFO 10‑year airline leases and multi-part bond package to full Board
Summary
The committee voted 2–0 (with one member excused) to send three resolutions to the full Board: two 10‑year lease-and-use agreements for airlines at San Francisco International Airport and a package of refunding and special‑facilities bonds; airport staff said the agreements would generate roughly $6 billion in airline revenue and create an operating reserve and capital fund totaling about $800 million over 10 years.
The San Francisco Board of Supervisors Budget and Finance Committee on June 27 voted to forward three airport finance resolutions to the full Board: two 10‑year lease‑and‑use agreements with airlines at San Francisco International Airport (SFO) and a financing package to refund and refinance airport bonds.
Chair Connie Chan moved the items and the committee recorded a 2–0 roll call vote with Vice Chair Rafael Mendelmann joining Chan in support; Member Safae was excused. Clerk staff indicated the items will be placed on the Board of Supervisors agenda for June 27.
Airport officials said the 2023 lease‑and‑use agreements replace the 2011 agreements and will be offered to carriers operating at SFO for the 10‑year term beginning July 1, 2023. "The lease and use agreement is the mechanism that allows airlines to provide flight operations and rent terminal space at the airport," said Kathy Weidner of San Francisco International Airport. The airport told the…
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