Explanation
The City has a contract for food concessions with Ricardo's Restaurant, Inc. at Mentel and Champions Golf Courses currently in its first year renewal option (2011). The original Ord. # is 1677-2007 passed Nov. 26, 2007. The contract ended December 31, 2010 and has one additional renewal option for 2012.
The City and Concessionaire agree to modify their existing contract as follows:
1. The established annual rent shall be decreased by $8,700 for 2011 and 2012 for a total annual payment of $78,300 for 2011 and $79,300 for 2012.
2. Ricardo's Restaurant, Inc. will pay an additional fifteen (15) percent on any net sales in excess of $290,000.00 in 2011; the same will be for 2012 should Ricardo's Restaurant, Inc. and the Recreation and Parks Department agree to renew the contract.
3. All other terms and conditions remain the same for Mentel and Champions Food Concessions by Ricardo's Restaurant, Inc.
Principle Parties:
Ricardo's Restaurant, Inc.
Joseph V. Vittorio
4632 Scenic Drive
Columbus, Ohio 43214
#310798965 exp. 2/22/13
Fiscal Impact: Revenue funds will be paid to Golf Course Operations Fund 284; Department 51-03; Revenue OCA Codes: Mentel Memorial - 025841 and Champions - 025932.
Title
To authorize and direct the Director of Recreation and Parks to modify the food concession contract, CT01156R, at Mentel and Champions Golf Courses with Ricardo's Restaurant, Inc.; and to declare an emergency.
Body
WHEREAS, it is necessary to modify the contract with Ricardo's Restaurant, Inc, for concession operations at Mentel Memorial and Champions Golf Courses; and
WHEREAS, the annual rent shall be decreased by $8,700 for 2011 and 2012 for a total annual payments of $78,300 for 2011 and $79,300 for 2012; and
WHEREAS, Ricardo's Restaurant, Inc. will pay an additional 15 percent on any net sales in excess of $290,000.00 in 2011; the same will be for 2012 should Ri...
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