STRATEGIC PRIORITY: Government Performance & Financial Management
AGENDA DATE: August 10, 2022
COUNCIL DISTRICT(S): 14
DEPARTMENT: Office of Procurement Services
EXECUTIVE: Jack Ireland
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SUBJECT
Title
Authorize Supplemental Agreement No. 1 to exercise the first of five one-year renewal options with Ed Campbell Concessions Company, for the operation of food and beverage concessions, catering, and miscellaneous services at the Majestic Theatre for the Office of Arts and Culture - Estimated Annual Revenue: General Fund $300,000.00
Body
BACKGROUND
This Supplemental Agreement provides for the operation of food and beverage concessions, catering, and miscellaneous services at the Majestic Theater. The Majestic Theatre is a historic theater operated by the Office of Arts and Culture as a multi-user performing arts center. The Majestic Theater will lease its space to various artistic, business, social, and community activities. Continuous efforts are made to expand the use of the building for a broad range of events.
This Supplemental Agreement includes a revenue share of 17.5 percent of gross food sales, less sales tax; 28.0 percent of gross non-alcoholic beverage sales, less sales tax; 28.0 percent of gross alcoholic beverage sales, less sales tax; 15.5 percent of gross catering sales, less sales tax; and 18.0 percent of all gross merchandise sales, less sales tax to the City.
During each of the renewal terms, the concessionaire is obligated to make an annual capital investment of $5,000.00 during each renewal term year. All capital improvements and enhancements to the Facility shall become the property of the City upon installation.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On August 14, 2019, City Council authorized a three-year concession contract, with five one-year renewal options, for operation of food and beverage concessions, catering, and miscellaneous services at the ...
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