Explanation
Background:
Two bids were received and opened on Tues., Aug. 15, 2006 at 11 a.m., and evaluated on Wed., Aug. 30, 2006 at 2 p.m. for this revenue-generating contract. The contract awarded, CT01133R for three (3) years through Dec. 31, 2009 with the option to renew on an annual basis for two (2) additional years; 2010 and 2011. The parties mutually agreed to Modification 1 CT01223R for rent reduction in May of 2010.
The City has a contract for food concessions with Ritz Catering Company at Airport Golf Course currently in its extension renewal year ending December 31, 2013.
The Airport Golf Course has been closed since September 2011 and is due to re-open to the public in May 2013. The closing of Airport is due to the Columbus Port Authority’s runway project which took place during the term of this current food concessions contract with Ritz. The re-opening is later in 2013 than originally planned and does not allow for a 12-month calendar year of operation for Ritz.
The City and Concessionaire agree to modify their existing contract as follows:
1. The required rent (Section 4) shall be decreased by $10,000 for 2013 for a total annual payment of $21,000. This reduction is due to the later than originally planned re-opening of Airport Golf Course after the runway expansion project.
2. The term of the contract (Section 2) shall be extended until December 31, 2014 with an annual payment of $40,000 for 2014 (an increase of $19,000 over 2013). This extension allows Ritz a full calendar year of operation in order to offset their expenses and contract commitments of things they must do to re-open in 2013 and then have the ability to capture a full golfing season of revenues for 2014.
3. All other terms and conditions remain the same for Airport Food Concessions by Ritz Catering Company.
We believe these negotiated changes are in the best interests of the golfing customers and Airport Golf Course. Weather and economic times have had an ...
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