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Committee amends airline and wireless leases; airport projects reflect higher rent totals

San Francisco Board of Supervisors Budget and Finance Committee · September 17, 2014
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 approved modifications to United Airlines' lease to account for added exclusive‑use space and higher projected rent over seven years, extended a T‑Mobile lease five years with increased annual rent, and amended Hawaiian Airlines' lease to include administrative office space and a corrected seven‑year rent guarantee.

Airport staff presented and the committee approved amendments to several airport leases.

Item 4: Kathy Weidner of San Francisco International Airport asked the committee to approve Modification No. 1 to the city’s lease with United Airlines to reflect increased exclusive‑use space in Boarding Area E. The Budget Analyst presented revised figures and recommended amending the resolution to show a total projected rent to be paid by United for the remaining seven years of approximately $93,694,849 and a minimum incremental annual rent revised to about $11,303,912 per year. Weidner said she would submit an amended resolution that afternoon to reflect the higher total.

Item 5: Weidner also presented a five‑year extension to the airport’s cellular equipment lease with T‑Mobile, increasing annual rent by $25,000 to $475,000 and yielding a total payment of $2,625,000 for the period 07/01/2014 through 06/30/2019; the analyst recommended making the lease retroactive to 07/01/2014.

Item 6: The committee approved Modification No. 1 to the Hawaiian Airlines lease to incorporate 538 sq. ft. of administrative office space into the existing lease. Airport staff and the budget analyst corrected the calculation to use a seven‑year formula and recommended the minimum annual guarantee and total be updated; the transcript cites a corrected seven‑year total for the space of about $870,350.

All three items were advanced with staff amendments and no public opposition recorded in the committee transcript.

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