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A bill for an ordinance approving a proposed Standard Specialty Retail Concession Space Agreement between the City and County of Denver and Avila Retail Development & Management, LLC concerning a concession at Denver International Airport.
(BUSINESS, WORKFORCE & SUSTAINABILITY) Approves a new airport concession agreement for 7 years with Avila Retail Development and Management, LLC (Out West) with an annual maximum guarantee of $163,372.00 or a percentage of compensation as follows: Years 1-2, 10% and 3-7, 14%, whichever is greater (PLANE-201311250).This Concession Agreement comes within the special circumstances described in Executive Order 8B. Contracts that require a concessionaire to make significant capital investment to meet the City’s needs, like some concession agreements. The agreement contains an annual MAG of $163,372.00 or a percentage of compensation of Yrs 1-2, 10%; Yrs 3-7, 14%, whichever is greater. It will require a $312,840.00 capital investment and a mid-ter...
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