New York Parks Department Awards Cafe Concession at Cadman Plaza Park

Permit No.: B113A-O-SB Permittee: Tillary Plaza Concessions Corp. The City of New York Department of Parks & Recreation ('Parks') has awarded a concession to Tillary Plaza Concessions Corp., of 172 Cadman Plaza East, Brooklyn, NY 11201 for the development, operation, and maintenance of a cafe at Cadman Plaza Park, located at Tillary Street and Cadman Plaza West, Brooklyn. ( Licensed Premises ).

The concession, which was solicited by a Request for Proposals (RFP), will operate pursuant to a license agreement for one (1) fifteen (15) year term.

Concessionaire shall pay to the City license fees consisting of a guaranteed minimum annual fee vs a percentage of gross receipts: The Greater of Annual Minimum Fee (increasing 5% every 2 years) vs 10 % of Gross Receipts Year 1 $ 40,000.00 vs 10% of Gross Receipts Year 2 $ 40,000.00 vs 10% of Gross Receipts Year 3 $42,000.00 vs 10% of Gross Receipts Year 4 $ 42,000.00 vs 10% of Gross Receipts Year 5 $44,100.00 vs 10% of Gross Receipts Year 6 $ 44,100.00 vs 10% of Gross Receipts Year 7 $ 46,305.00 vs 10% of Gross Receipts Year 8 $ 46,305.00 vs 10% of Gross Receipts Year 9 $ 48,620.00 vs 10% of Gross Receipts Year 10 $ 48,620.00 vs 10% of Gross Receipts Year 11 $ 51,051.00 vs 10% of Gross Receipts Year 12 $ 51,051.00 vs 10% of Gross Receipts Year 13 $ 53,603.00 vs 10% of Gross Receipts Year 14 $ 53,603.00 vs 10% of Gross Receipts Year 15 $ 56,284.00 vs 10% of Gross Receipts Agency: Parks and Recreation Status: Award