Additional Description 1
<p><span style='font-size:9pt'><span style='font-family:Georgia,serif'><span style='font-size:11.0pt'>The City of New York Department of Parks & Recreation ('Parks') has awarded a concession to Giving Alternative Learners UpLifting Opportunities, Inc. (DBA GallopNYC), of 16004 Crossbay Boulevard, Howard Beach, NY 11414, for the renovation, operation and maintenance of riding stables at Gemini Fields, Queens. The concession, which was solicited by a Request for Proposals, will operate pursuant to a license agreement for an eighteen (18) year term. Compensation to the City will be a guaranteed annual minimum based on the following breakdown: </span></span></span></p><p> </p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>YEAR GUARANTEED ANNUAL FEE</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>1 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>2 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>3 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>4 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>5 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>6 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>7 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>8 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>9 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>10 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>11 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>12 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>13 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>14 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>15 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>16 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>17 $8,232.00</span></span></span></span></p><p style='margin-left:48px'><span style='font-size:12pt'><span style='font-family:Georgia,serif'><span style='color:black'><span style='font-size:11.0pt'>18 $8,232.00</span></span></span></span></p>