Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee recommends four SFO rental-car leases and reports closed-session settlement recommendations
Summary
The committee recommended four on-airport rental-car leases (Avis/Budget; Enterprise/Alamo/National; Hertz; SIXT) to the full Board, reviewed minimum annual guarantees and MAG vs. percentage rent, and reported in open session that two settlement ordinances considered in closed session were recommended unanimously; Chair Marr raised concerns about potential wage impacts on over 500 rental-car workers that motivated closed-session sequencing.
On May 7 the Government Audit and Oversight Committee considered four related airport items together: three lease resolutions and one resolution approving a fourth rental-car operations lease at San Francisco International Airport, and two ordinances authorizing settlements that were considered in closed session.
The leases would be five-year initial terms with two two-year extension options and include minimum annual guarantees (MAGs) for the first year. Airport staff summarized the proposed year-one MAGs as: Avis/Budget — $11,076,378; Enterprise (Alamo/National/Enterprise brands) — $16,087,548; The Hertz Corporation…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
