SUBJECT/RECOMMENDATION:
Title
Approve First Amendment to Revocable License Agreement with All Around Amusements, LLC (AAA) to provide additional entertainment concessions at Pier 60 Park, increase AAA license fee from $52,500 to $102,500 per year, extend option to renew Agreement by two additional years from four to six, and authorize the appropriate officials to execute same. (consent)
Body
SUMMARY:
On April 16, 2014, the Council approved a Revocable License Agreement with AAA to provide entertainment concessions at Pier 60 Park that included an inflatable bounce house, dry slide, wet slide and other inflatable concessions.
Under this License Agreement, AAA pays a license fee of $52,500 per year payable on monthly terms designated in the Agreement. The City has the opportunity to renew the Agreement on an annual basis up to four additional years. They have requested renewal for the second year as well as a modification of their Agreement to provide additional entertainment options including trampoline bungee jumps on Clearwater beach.
AAA has been providing this alternative entertainment option since a similar Agreement with Emerald Coast Bungee, Inc. was terminated.
Staff is recommending amending AAA’s Revocable License Agreement to formalize the current temporary status that allows AAA to provide additional entertainment in the way of providing trampoline bungee jumps.
While the current Agreement allows them to add new entertainment options, there is no provision that specifies the additional revenue due the City for expansion of their business.
Therefore, this First Amendment to Revocable License Agreement increases the amount of the license fee from $52,500 to $102,500 and adds an additional two years of renewal options to the Agreement.
The City will have the opportunity to renew the Agreement with the Amendment on an annual basis up to four more years at which time a new Request for Proposal will be issued for renewal or new services.
Staff is requesting the additional two years so that AAA can recoup any capital costs associated with expanding the scope of the Agreement.
APPROPRIATION CODE AND AMOUNT:
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USE OF RESERVE FUNDS:
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