From
Gary Yakesch
Title
Lease with Firehouse Gastro Park LLC to provide food and beverage services at The EPIC for an initial term of one (1) year with the option to renew for up to four (4) additional one-year periods; rent will be 10% of gross food and beverage sales for the first $150,000 in sales; after the first $150,000 is met the revenue sharing percentage increases to 15% for the entire term, to include renewals if exercised; and authorize City Manager to execute renewals
Presenter
Rick Herold, Director of Parks, Arts and Recreation
Recommended Action
Approve
Analysis
Notice of bid #18087 was advertised in the Fort Worth Star Telegram, the State's Electronic Business Daily, and Bid Sync; it was distributed to 11 vendors. 3 bids were received on May 25, 2018, one coming from a Grand Prairie vendor, as shown on attachment A.
The award was based on best value criteria set up in the specification, including experience, proposed operations, staffing, compatibility with The EPIC, and other relevant criteria as listed in the specification. Under the specifications of the bid, the awarded vendor will provide food & beverage services to The EPIC in exchange for a revenue sharing agreement with the City.
The bid received from Firehouse Gastro Park LLC is the recommended bid for award based on the evaluation criteria formulated in the bid and score results from city staff evaluations of the proposals.
Firehouse Gastro Park LLC owners are experienced food and beverage operators in several venues in Los Angeles CA, and are currently under a lease agreement with the city to operate a restaurant at 321 Main Street in downtown Grand Prairie.
This item was presented to the Finance and Government Committee on July 17, 2018 and received recommendation for approval by the City Council.
Financial Consideration
The EPIC will receive 10% of gross food and beverage sales for the first $150,000 in sales; after the first $150,000 is met the revenue sharing percentage increases to 15% for the entire term, to include renewals if exercised.