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Airport seeks fourth one-year extension to Smart Cart luggage-cart lease; committee recommends approval
Summary
The Budget & Finance Committee recommended the Board approve exercising the fourth of five one-year options to extend Smart Cart Inc.'s lease and operating agreement for luggage carts at the airport, keeping current financial terms including a $570,615 minimum annual guarantee payable to the airport and an estimated $1.8 million the airport pays to Smart Cart for free carts in customs area.
Cathy Widener, representing the Airport, asked the committee to approve the fourth of five one-year options to extend the airport's lease and operating agreement with Smart Cart Inc. for luggage-cart rental and operation in San Francisco's domestic and international terminals.
Widener said the contract terms remain unchanged: a minimum annual guarantee to the airport of $570,615 and an estimated $1.8 million the airport pays Smart Cart to provide free luggage carts in the international terminal customs area. She described the extension as continuing the current revenue-sharing formula and said staff would answer any technical questions.
The Budget Analysis office said the option year terms are consistent with prior approvals and recommended approval. After a brief public comment expressing appreciation for the carts, the committee moved the item forward to the full Board with a recommendation to approve "without objection."
Next steps: The item will be forwarded to the Board of Supervisors for final approval under the usual consent/recommendation process.
