REPORT TO STADIUM AUTHORITY BOARD
SUBJECT
Title
Request from the Stadium Manager for Authority to Execute Amendment No. 1 to Concessions Operating Agreement with Levy Premium Foodservice Limited Partnership
Report
BOARD PILLAR
Ensure Compliance with Measure J and Manage Levi’s Stadium
DISCUSSION
Through the existing Concessions Operating Agreement, Levy Premium Foodservice Limited Partnership (Levy) has rights to provide food, beverage, and catering services at Levi’s Stadium. On May 10, 2021, the Stadium Manager submitted a request to amend its current Concessions Operating Agreement with Levy by extending the term of the agreement by one year and modifying several financial investment fee and fund amortization schedules so they align with the new term.
The existing agreement has a 12-year term and is effective until April 15, 2030. If Amendment No. 1 is approved, the Concessions Operations Agreement with Levy will be effective through April 15, 2031.
ATTACHMENTS
1. Stadium Manager’s Email Request