Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 1-1-2024
Requesting Agency: DEN
Division:
Subject Matter Expert Name: Kevin Forgett
Email Address: Kevin.forgett@flydenver.com <mailto: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 Third Amendment between the City and County of Denver and Paradies Lagardere @ DEN 2017, LLC to provide new concessions in Concourse A at Denver International Airport.
Amends a contract with Paradies Lagardere @ DEN 2017, LLC to amend their completion date to 9-1-2024 and their expiration date to 9-1-2034 to provide new concessions in the Concourse A East Ground Load facility, in Council District 11. No change in contract amount. PLANE 202369120-02 (201733381). The last regularly scheduled Council meeting within the 30-day review period is on 2-5-2024. The Committee approved filing this item at its meeting on 1-3-2024.
body
Affected Council District(s) or citywide?
Council District 11
Contract Control Number:
PLANE 202369120-02 (201733381)
Vendor/Contractor Name (including any “DBA”):
Paradise Lagardere@2017, LLC
Type and Scope of services to be performed:
To amend the current lease of Paradies Lagardere @ 2017, LLC to add an additional 1,869.70 square feet of concessions space in the Concourse A East Ground Load. Paradies Lagardere @ 2017, LLC will design, build and manage an additional Full-Service Bar with Grab and Go Offerings, Vending Machines, and may build out a Travel Convenience Location should passenger traffic warrant the additional offering. The original lease agreement included a Full-Service Bar, two Quick Service Restaurants, and a Travel Convenience location in the existing Concourse A East Ground Load. Paradies Lagardere @ 2017, LLC has committed to investing a minimum of $1,181,444.73 to design and build these new spaces. To amortize Paradies Lagardere @ 2017, LLC capital investment, they will receive a contract term of 10 years. Denver International Airport (DEN) will receive the greater of either a guaranteed rent/Minimum Annual guarantee (MAG) of approximately $515,000 or percentage rent of gross sales at 17%. The terms outlined above were negotiated between DEN and Paradies Lagardere @ 2017, LLC.
Location (if applicable):
WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):
W/MBE
Are WBE/MBE/DBE goals met (if applicable)?
33% Airport Concessions Disadvantaged Business Enterprise (ACDBE) / 25% Minority/Women Business Enterprise (M/WBE)
Is the contract new/a renewal/extension or amendment?
amendment
Was this contractor selected by competitive process or sole source?
Competitive process
For New contracts
Term of initial contract:
Options for Renewal:
How many renewals (i.e. up to 2 renewals)?
Term of any renewals (i.e. 1 year each):
Cost of initial contract term:
Cost of any renewals:
Total contract value council is approving if all renewals exercised:
For Amendments/Renewals Extensions:
|
Current Contract Amount (A) |
Additional Funds (B) |
Total Contract Amount (A+B) |
|
Minimum Annual Guarantee (MAG) Waived Year 1, initial MAG to be calculated Year 2 based on 85% of prior year total compensation paid to DEN or percentage fee of 17% |
N/A |
Minimum Annual Guarantee (MAG) Waived Year 1, initial to be calculated Year 2 based on 85% of prior year total compensation paid to DEN or percentage fee of 17% |
|
Current Contract Term |
Added Time |
New Ending Date |
|
10 Years |
N/A |
10 Years |