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25-0451

A resolution approving a proposed Agreement between the City and County of Denver and MB Creation, LLC utilizing the Premium Value Concession (PVC) Award Benefit to design, build, manage, and lease a Timberline Steaks & Grille and an Einstein Bros Bagels concessions on Concourse C at Denver International Airport. Approves a concession agreement utilizing the Premium Value Concession Award Benefit with MB Creation, LLC d/b/a Timberline Steaks & Grille - Einstein Bros Bagels for a guaranteed rent/Minimum Annual Guarantee (MAG) of $2,200,860.00 or percentage rent of gross sales; 13% up to $3,000,000, 14% between $3,000,001-$4,000,000, 15% between $4,000,001-$5,000,000, 16% for $5,000,001+ and for a term of ten years to design build, manage, and lease on the Center Core Northwest Quadrant level, of Concourse C at Denver International Airport, in Council District 11 (PLANE-202476393). The last regularly scheduled Council meeting within the 30-day review period is on 5-12-2025. The Committee approved filing this item at its meeting on 4-9-2025.

Resolution Adopted Introduced March 31, 2025

What this record is

Held by
MB Creation, LLC
Amount
$5.00M
Runs until
no end date published in this record
Type
award
Field
Real estate

Read automatically from the title of the official record. The source document below is authoritative.

Committee
Business, Arts, Workforce, Climate & Aviation Services Committee
Requested by
Denver International Airport
Introduced
March 31, 2025
On agenda
April 21, 2025
Passed
April 21, 2025

Where it was heard

City Council Apr 21, 2025 adopted Pass Mayor-Council Apr 15, 2025 Business, Arts, Workforce, Climate & Aviation Services Committee Apr 9, 2025 approved by consent