Sure, motion to approve the amendment and approve the underlying ordinance and thank the dp w4 keeping dpw for keeping this project going. Mr. Chair, i would like to request dpw provide us with the amended legislation before 9 00 tomorrow morning. Item 11, resolution approving modification 1 to a operating agreement between Signature Flight support corporation and the city to extend a lease by 5 years for an estimated minimum guarantee of approximately 71 million during the extension of the term. Okay, back to miss widener. Kathy widener with the San Francisco airport. The item before you seeks your approval for modification no. 1 to the airports existing lease and operating agreement with Signature Flight support for the operation and management of the airports executive terminal. Signature currently provides currently to sfos general aviation customers which includes retail fuel sales, Aircraft Maintenance as well as all management aspects of the Executive Air terminal building as we
I do want to underscore this request is for authorization to amend their contract. All the funding is in place, weve been able to preserve project dollars by managing through the last through the years so this is not asking for any more money, its just continuing to manage the project as we have in the last 8 years. With that i can take questions. Okay, thank you very much. No questions right now, maybe in a minute. Mr. Rose, can we go to your report, please. Yes, mr. Chairman, supervisor avalos, on page 58 of our report we have a table 2 which shows the estimated cost of the Additional Services totaling 4,474,706. We also report on the bottom of page 58 that the sfgh currently has 60,756 in unused Contract Authority which was previously provided by the board of supervisors so therefore we recommend you amend the proposed resolution to reduce the total not to exceed contract amount by 60,756 from a not to exceed amount and we recommend you approve the proposed resolution as amended. Th
Thank you, mr. Rose. Seeing no other questions we will move on to Public Comment. Anybody wish to comment on item 10 . Seeing none, Public Comment is closed. Weefr an amendment. Sure, motion to approve the amendment and approve the underlying ordinance and thank the dp w4 keeping dpw for keeping this project going. Mr. Chair, i would like to request dpw provide us with the amended legislation before 9 00 tomorrow morning. Item 11, resolution approving modification 1 to a operating agreement between Signature Flight support corporation and the city to extend a lease by 5 years for an estimated minimum guarantee of approximately 71 million during the extension of the term. Okay, back to miss widener. Kathy widener with the San Francisco airport. The item before you seeks your approval for modification no. 1 to the airports existing lease and operating agreement with Signature Flight support for the operation and management of the airports executive terminal. Signature currently provides
The operation and management of the airports executive terminal. Signature currently provides currently to sfos general aviation customers which includes retail fuel sales, Aircraft Maintenance as well as all management aspects of the Executive Air terminal building as well as two hangers. Modification no. 1 would extend the term of the existing agreement by 5 years beyond its current expiration in 2017 and require signature to further renovate the terminal building as well as two hangers. The existing agreement is the ruplt of a 2007 competitive request for proposals process and this extension will allow San Francisco airport to lock in our current minimum annual guarantee of 2. 5 million. That is adjusted annually by the Consumer Price index and this currently is one of the highest mags in the country. By way of comparison laguardia and San Francisco airport recently put theirs out to bit. The airport is interested in locking in our higher mag at this time. The extension of the term
Able to preserve project dollars by managing through the last through the years so this is not asking for any more money, its just continuing to manage the project as we have in the last 8 years. With that i can take questions. Okay, thank you very much. No questions right now, maybe in a minute. Mr. Rose, can we go to your report, please. Yes, mr. Chairman, supervisor avalos, on page 58 of our report we have a table 2 which shows the estimated cost of the Additional Services totaling 4,474,706. We also report on the bottom of page 58 that the sfgh currently has 60,756 in unused Contract Authority which was previously provided by the board of supervisors so therefore we recommend you amend the proposed resolution to reduce the total not to exceed contract amount by 60,756 from a not to exceed amount and we recommend you approve the proposed resolution as amended. Thank you, mr. Rose. Seeing no other questions we will move on to Public Comment. Anybody wish to comment on item 10 . Seein