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File #: 25-0451    Version: 1
Type: Resolution Status: Agenda Ready
File created: 3/31/2025 In control: Business, Arts, Workforce, Climate & Aviation Services Committee
On agenda: 4/21/2025 Final action:
Title: A resolution approving a proposed Agreement between the City and County of Denver and MB Creation, LLC utilizing the Premium Value Concession (PVC) Award Benefit to design, build, manage, and lease a Timberline Steaks & Grille and an Einstein Bros Bagels concessions on Concourse C at Denver International Airport. Approves a concession agreement utilizing the Premium Value Concession Award Benefit with MB Creation, LLC d/b/a Timberline Steaks & Grille - Einstein Bros Bagels for a guaranteed rent/Minimum Annual Guarantee (MAG) of $2,200,860.00 or percentage rent of gross sales; 13% up to $3,000,000, 14% between $3,000,001-$4,000,000, 15% between $4,000,001-$5,000,000, 16% for $5,000,001+ and for a term of ten years to design build, manage, and lease on the Center Core Northwest Quadrant level, of Concourse C at Denver International Airport, in Council District 11 (PLANE-202476393). The last regularly scheduled Council meeting within the 30-day review period is on 5-12-2025. The Committee...
Indexes: Melissa Mata
Attachments: 1. RR25-0451_DEN_MBCreationLLCdbaTimberline-Einstein_PVC_27Mar2025, 2. 25-0451 Contract_MB Creation, LLC - 202476393, 3. 25-0451 Filed Resolution_MB Creation, LLC, 4. 25-0451 Filed Resolution_MB Creation, LLC.pdf

Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

 

Date Submitted: 04-07-2025

 

Requesting Agency: DEN

                               Division:

 

Subject Matter Expert Name: Kevin Forgett
Email Address: kevin.forgett@flydenver.com
Phone Number:

 

Item Title & Description:

(Do not delete the following instructions)

These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney’s Office should enter the title above the description (the title should be in bold font).

 

Both the title and description must be entered between the red “title” and “body” below.  Do not at any time delete the red “title” or “body” markers from this template.

title

A resolution approving a proposed Agreement between the City and County of Denver and MB Creation, LLC utilizing the Premium Value Concession (PVC) Award Benefit to design, build, manage, and lease a Timberline Steaks & Grille and an Einstein Bros Bagels concessions on Concourse C at Denver International Airport.

Approves a concession agreement utilizing the Premium Value Concession Award Benefit with MB Creation, LLC d/b/a Timberline Steaks & Grille - Einstein Bros Bagels for a guaranteed rent/Minimum Annual Guarantee (MAG) of $2,200,860.00 or percentage rent of gross sales; 13% up to $3,000,000, 14% between $3,000,001-$4,000,000, 15% between $4,000,001-$5,000,000, 16% for $5,000,001+ and for a term of ten years to design build, manage, and lease on the Center Core Northwest Quadrant level, of Concourse C at Denver International Airport, in Council District 11 (PLANE-202476393). The last regularly scheduled Council meeting within the 30-day review period is on 5-12-2025. The Committee approved filing this item at its meeting on 4-9-2025.

body

 

Affected Council District(s) or citywide?

Council District 11

Executive Summary with Rationale and Impact:

Detailed description of the item and why we are doing it. This can be a separate attachment.

 

Address/Location (if applicable):

 

Legal Description (if applicable):

 

Denver Revised Municipal Code (D.R.M.C.) Citation (if applicable):

 

Draft Bill Attached?