6e Supp
ITEM NO: 6e_Supp________ MEETING DATE: November 24, 2015 Revised November 23, 2015 Airport Dining & Retail Opportunities Authorization Request November 24, 2015 Airport Dining & Retail Outreach Update Lease Opportunities (Group #2) Competitive Process Description Evaluation Criteria Schedule for Next Steps New slate of competitive opportunities is ready for the marketplace 2 Outreach Update Airport and community events in Q2 2 events drew a totalof 176 participants Airport event 112 attendees Tukwila Community Center 64 attendees Advertising and promotions Through mainstream and minority publications/websites Multi-front effort is reaching the community with information 3 Outreach Update Visited over 170 businesses and personally met with 30 food service and retail owners in Q4 Database of interested businesses 390 firms Training session for local architectural, engineering and construction firms in Q4 46 participants, 36 companies represented Multi-front effort is reaching the community with information 4 Lease Group #2 1. Food Service/Fast Casual (1 unit) 2. Food Service/Casual Dining (1 unit) 3. Food Service/Gourmet Coffee (1 kiosk unit) 4. Personal Service - Manicure (1 unit) 5. Personal Service - Massage (2 units) 6. Small Specialty Retail (1 unit) 7. Specialty Retail (2 units) 8. Specialty Retail/Tech (2 units) 9. Specialty Retail (1 unit) 10. Passenger Service Storage (1 unit) Three food service, two personal service, four specialty retail and one passenger service opportunities 5 Food Service Single Unit #2 Lease Terms Length of Lease: 10 years Rent to be competitively proposed as either flat or tiered rent structure Minimum Capital Investment: $425 per sq. ft. (2,580 sq. ft.) CT-12 Two units become one, entrance changed to face post-security 6 Food Service Single Unit #6 Lease Terms Length of Lease: 10 years Rent to be competitively proposed as either flat or tiered rent structure Minimum Capital Investment: $450 per sq. ft. (1,818 sq. ft.) CT-15 Casual Dining with music 7 Food Service Single Unit #8 Lease Terms Length of Lease: 8 years Rent to be competitively proposed as either flat or tiered rent structure Minimum Capital Investment: $300 per sq. ft. (452 sq. ft.) CT-3 Gourmet coffee service in larger kiosk location 8 Personal Service Small Unit #16 Lease Terms Length of Lease: 8 years Rent to be competitively proposed as either flat or tiered rent structure Minimum Capital Investment: $350 per sq. ft. (CC-04 only: 827 sq. ft.) CC-04 Manicure service and retail co-located with massage service 9 Personal Service Small Package #6 Lease Terms Length of Lease: 8 years Rent to be competitively proposed as either flat or tiered rent structure Minimum Capital Investment: $350 per sq. ft. (CA-03 838 sq. ft., CC-05: 908 sq. ft.) CC-05 CA-03 Massage/spa service and retail in new right-sized locations 10 Small Specialty Retail Single Unit #12 Lease Terms Length of Lease: 8 years Rent to be competitively proposed as either flat or tiered rent structure Minimum Capital Investment: $350 per sq. ft. (205 sq. ft.) CC-01 Low investment opportunity, perfect for small business retailer 11 Specialty Retail Small Package #2 Lease Terms: Length of lease: 8 years Rent proposed as flat or tiered percentage Minimum guaranteed rent Minimum capital investment: $350 per sq. ft. (CT-10: 2,855 sq. ft., CD-06: 805 sq. ft.) CT-10 CD-06 Gift merchandise remains a popular offering for travelers 12 Specialty Retail/Tech Small Package #3 Lease Terms Length of Lease: 8 years Rent to be competitively proposed as either flat or tiered rent structure Minimum Capital Investment: $350 per sq. ft. (CA-07: 853 sq. ft., CD-05: 462 sq. ft.) CD-05 CA-07 Technology retail offering 13 Specialty Retail Single Unit #15 Lease Terms Length of Lease: 8 years Rent to be competitively proposed as either flat or tiered rent structure Minimum Capital Investment: $350 per sq. ft. (938 sq. ft.) CB-04 Children-related retail offering or open concept 14 Passenger Service Single Unit #14 Lease Terms Length of Lease: 5 years Rent to be competitively proposed as either flat or tiered rent structure Minimum Capital Investment: $250 per sq. ft. (1,005 sq. ft.) BC-03A Baggage claim location - Luggage/frozen food storage, mail service and more 15 Competitive Process Overview Proposed leasing opportunities will use: Simplified process for 1-3 unit opportunities Tailored to capabilities of small business Consultant/Port criteria evaluations Outcome by scoring of uniform criteria Competitive process is accountable to reflect Commission values 16 Competitive Evaluation Commission Authorization Review Report Outcomes Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Oral Interviews Port (optional) Confirmation Selection Summary AWARD Conclude Lease Negotiation Commission Review Opportunity Website/ Email Promotion Tours/Events Submittal Consultant Response to Preparation Questions/inquires Evaluation/ Consultant Analysis Recommendation Criteria Scoring Port Confirmation AWARD Evaluation Criteria Company Experience, Financial Capability: 20 points (13%) Concept Development: 25 points (17%) Unit Design, Materials and Capital Investment: 25 points (17%) Financial Projections and Rent Proposal: 25 points (17%) Operations and Maintenance: 15 points (10%) Management, Staffing and Workforce Training: 20 points (13%) Job Quality, Employment and Service Continuity: 15 points (10%) Small Business Participation: 5 points (3%) 150 points Established criteria evaluated to balance values important to the Port 18 Schedule for Next Steps November: Advertise opportunities December & January: Tours & Training Sessions February: Submittals due March: Consultant analysis completed April: Port review/confirmation of Consultant recommendations Notification to successful proposers Commission update on Lease Group 2 results May: Lease Negotiations and Executions Efficient schedule from advertisement of opportunities to lease execution 19
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