24-0097
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.
What this record is
- Held by
- Aaravya Investments LLC
- Amount
- $11.7M
- Runs until
- January 23, 2044 17 years away date calculated from a contract term stated in the record, not quoted directly
- Type
- amendment
- Field
- Real estate
real estate contracts in CO that end within a year →
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- Committee
- Business, Arts, Workforce, Climate & Aviation Services Committee
- Requested by
- Denver International Airport
- Introduced
- January 23, 2024
- On agenda
- February 12, 2024
- Passed
- February 12, 2024
Where it was heard
City Council Mayor-Council Business, Arts, Workforce, Climate & Aviation Services CommitteeWatch what Denver buys
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