A resolution approving a proposed Amended and Restated Ground Lease Agreement concerning the expansion of the leased area for the development and operation of a gas station, convenience store, car-share parking lot, and other amenities at Denver International Airport. Amends a lease with Aaravya Investments LLC to add $5,324,456.15 for a new total of $11,738,321.15 and a term of 20 years with four 5-year extension options to expand the leased area to include the development and operation of a car-share lot to the previously approved gas and convenience facility and increasing revenue at Denver International Airport, in Council District 11 (PLANE202370651 Legacy: PLANE-202161181). The last regularly scheduled Council meeting within the 30-day review period is on 3-4-2024. The Committee approved filing this item at its meeting on 1-31-2024.

Resolution Adopted Introduced January 23, 2024

What this record is

Held by: Aaravya Investments LLC
Amount: $11.7M
Runs until: January 23, 2029 2 years away calculated from the contract term stated in the record
Type: amendment
Field: Real estate

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