Metropolitan Airports Commission Agenda Lease Actions 2026-06-10
Velvet Oud LLC Receives Retail Cart Concession for Perfumes at MSP
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Description
Velvet Oud, LLC was approved for a two-year retail cart concession at MSP Terminal 1, offering perfumes and giftable fragrance options, with established rent and percentage terms.
Contract Details
Contract Amount
$1,700 MMG plus 10% percentage rent
Vendor
VELVET OUD LLC
Agency
Metropolitan Airports Commission, MN
Contract Type
RETAIL
Document Date
June 10, 2026
Contract Term
2 years, July 1, 2026 – June 30, 2028
Renewal Date
2028-06-30
Renewal Info
Fixed two-year term, possible renewal subject to future negotiation.
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