Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee recommends extension and amendment of five airport rental-car leases
Summary
The committee recommended approving amendments to five Rental Car Center leases to extend terms (through December 2018), adjust minimum guarantees to 8.5% of prior-year gross revenues, permit subleasing approvals, and exclude toll collection charges from gross-revenue calculations.
The Budget and Finance Committee recommended approval of a set of amendments to five existing rental-car company leases at San Francisco International Airport. Kathy Widener, representing the airport, said the modifications exercise a five-year option to extend lease terms through December 2018, change the minimum annual guarantee to a percentage of prior-year…
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
