Memorandum
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The memorandum discusses an amendment to the Retail Merchandising Unit Concession Agreement between the City of San José and PRI-San José, LLC. It recommends adopting a resolution to authorize the City Manager to negotiate and execute the Ninth Amendment for a term of seven years, expiring June 30, 2033, with an annual percentage fee of 4.5% to the San José Mineta International Airport. The amendment aims to continue supporting local businesses and enhancing retail offerings at the airport.
Key points
- The amendment will allow the San José Mineta International Airport to continue providing opportunities for local, small, and artisan businesses.
- PRI-San José, LLC has operated the Airport’s Retail Merchandising Unit Concession Program since July 1, 2018.
- The program has supported 27 local businesses and contributed to a diverse retail offering at the Airport.
- The proposed extension will maintain continuity of service and generate additional revenue for the Airport.
- PRI is a California Airport Concessions Disadvantaged Business Enterprise-certified company with over 35 years of experience.
Limitations
- The document contains unresolved placeholders such as specific dates and dollar amounts that are not fully detailed.
- The document does not specify the exact nature of the public outreach or any community input received.
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