On June 26, 1991, United and the City entered into an agreement followed by a second agreement on December 12, 1991, which, among other things, collectively provide for the use and lease by United of certain premises and facilities at the New Airport. In the United Agreement, United agrees among other things, to (1) support the construction of the New Airport, (2) relocate its present air carrier operations from Stapleton to the New Airport, (3) occupy and lease certain facilities at the New Airport, including no less than 45 gates on Concourse B within two years of the date of beneficial occupancy as described in the United Agreement, and (4) construct prior to the date of beneficial occupancy, a regional reservation center at a site at Stapleton.
In conjunction with the execution of the United Agreement, United also executes a 30-year use and lease agreement. United has agreed to lease, on a preferential use basis, Concourse B, which is expected to support 42 jet aircraft with up to 24 commuter aircraft parking positions at the date of beneficial occupancy, and, on an exclusive use basis, certain ticket counters and other areas in the terminal complex of the New Airport.
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