...Title
Amendments to Concession Agreements for Temporary Financial Relief to Non-Aeronautical Concessionaires at the Norman Y. Mineta San José International Airport.
...Recommendations
Adopt a resolution authorizing the City Manager to negotiate and execute amendments to concession agreements to provide temporary financial relief to non-aeronautical concessionaires operating on Airport premises effective June 1, 2020 through June 30, 2021, to support Airport concession operations that have been directly impacted by Airport passenger declines as a result of the COVID-19 pandemic. Financial relief for Airport concessionaires could include:
(a) Suspension of concessionaire contributions to the Airport Marketing and Customer Service Fund through June 30, 2021;
(b) Suspension of MAG Rent and charge only percentage rent for June 2020;
(c) Suspend, defer or modify the Annual Concession Fee Reconciliation (True Up) as a result of any negotiated adjustments to the MAG; and
(d) Adjust tenant improvement construction schedules.
CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment. (Airport)
[Rules Committee referral 5/6/2020 - Item A.1.a]