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Committee endorses third one‑year option on Smart Cart luggage agreement at SFO
Summary
Supervisors were asked to approve the third of five one‑year options to extend Smart Cart Incorporated's lease and operating agreement at San Francisco International Airport; the committee agreed to forward the extension to the full Board with a request that the airport provide a CPI‑adjusted minimum annual guarantee figure.
The Budget & Finance Committee on Jan. 28 agreed to forward to the full Board a resolution to exercise the third one‑year option on Smart Cart Incorporated's luggage cart lease and operating agreement at San Francisco International Airport.
Kathy Weidner, governmental affairs manager for SFO, described the agreement's two components: self‑service rental carts in terminals (the city receives either 25% of gross revenue or a minimum annual guarantee) and Smart Cart's provision of free carts to arriving international passengers in the customs area, for which the airport pays the company.
"Our agreement with them has two concepts to it," Weidner said, describing revenue share and the international‑arrival service. The airport indicated it will provide a written letter before the February Board meeting confirming a Consumer Price Index figure to set the minimum annual guarantee for option three.
The committee moved to send the item to the full Board with recommendation; the item was scheduled for the Board's Feb. 3, 2009 docket.
