New York Parks Department Awards Harlem Meer Snack Bar Concession

The City of New York Department of Parks & Recreation ('Parks') has awarded a concession to Nandita, Inc, of 89-12 169 Street, 1st Floor, Jamaica, New York 11432, for the renovation, operation and maintenance of a snack bar at the Harlem Meer, Central Park, Manhattan.

The concession, which was solicited by a Request for Proposals, will operate pursuant to a License agreement for a twelve (12) year term commencing upon written notice to proceed. Compensation to the City will be as follows: Licensee shall pay the City license fees for each operating year consisting of the greater of 9% of gross receipts vs. a minimum annual fee, per the following schedule: Year 1 $20,000 Vs.

9% of Gross Receipts Year 2 $20,000 Vs. 9% of Gross Receipts Year 3 $21,000 Vs. 9% of Gross Receipts Year 4 $21,000 Vs. 9% of Gross Receipts Year 5 $22,000 Vs. 9% of Gross Receipts Year 6 $22,000 Vs. 9% of Gross Receipts Year 7 $23,000 Vs. 9% of Gross Receipts Year 8 $23,000 Vs. 9% of Gross Receipts Year 9 $24,000 Vs. 9% of Gross Receipts Year 10 $24,000 Vs. 9% of Gross Receipts Year 11 $25,000 Vs.

9% of Gross Receipts Year 12 $25,000 Vs. 9% of Gross Receipts Agency: Parks and Recreation Status: Award