Short Title
Notice of Joint Public Hearing on July 6, 2015, Intent to Award as a Concession the renovation, operation, and maintenance of an amusement center at 855 Arthur Kill Road, Staten Island, to Vista East Amusement Inc.
Additional Description 1
<p> <strong>NOTICE OF A JOINT PUBLIC HEARING</strong> of the Franchise and Concession Review Committee and the New York City Department of Parks and Recreation to be held on Monday, July 6, 2015 at 22 Reade Street, Borough of Manhattan, commencing at 2:30 p.m. relative to:</p> <p> </p> <p> <strong>INTENT TO AWARD</strong> as a concession the renovation, operation, and maintenance of an amusement center at 855 Arthur Kill Road, Staten Island, for a potential twenty (20) year term, to Vista East Amusement Inc. ("Vista"). Compensation to the City will be as follows: for each operating year, Vista shall pay to the City a license fee consisting of a guaranteed annual fee (Year 1: $12,000; Year 2: $24,000; Year 3: $30,000; Year 4: $30,000; Year 5: $31,500; Year 6: $31,500; Year 7: $33,075; Year 8: $33,075; Year 9: $34,728; Year 10: $34,728; Year 11: $36,464; Year 12: $36,464; Year 13: $38,287; Year 14: $38,287; Year 15: $40,201; Year 16: $40,201; Year 17: $42,211; Year 18: $42,211; Year 19: $44, 321; Year 20: $44,321) versus a percentage of gross receipts (Year 1: NA; Year 2: 7%; Year 3: 7%; Year 4: 7.5%; Year 5: 7.5%; Year 6: 8%; Year 7: 8%; Year 8: 8.5%; Year 9: 8.5%; Year 10: 9%; Year 11: 9%; Year 12: 9.5%; Year 13: 9.5%; Year 14: 10%; Year 15: 10%; Year 16: 10.5%; Year 17: 10.5%; Year 18: 11%; Year 19: 11%; Year 20: 11.5%).</p> <p> </p> <p> A draft copy of the agreement may be reviewed or obtained at no cost, commencing Friday, June 19, 2015 through Monday, July 6, 2015, between the hours of 9 am and 5 pm, excluding weekends and holidays at the New York City Department of Parks and Recreation, located at 830 Fifth Avenue, Room 313, New York, NY 10065.</p> <p> </p> <p> Individuals requesting Sign Language Interpreters should contact the Mayor’s Office of Contract Services, Public Hearings Unit, 253 Broadway, 9th Floor, New York, NY 10007, (212) 788-7490, no later than SEVEN (7) BUSINESS DAYS PRIOR TO THE PUBLIC HEARING.</p> <p> </p> <p> TELECOMMUNICATION DEVICE FOR THE DEAF (TDD) 212-504-4115.</p> <p> </p>