Notice Details

The City of New York Department of Parks & Recreation ("Parks") has awarded a concession to 106 Amsterdam Rest. Corp., of 2745 Broadway, New York, NY 10025, for the renovation, operation, and maintenance of an outdoor café at Hudson Beach & West 105th Street at Riverside Park, Manhattan. The concession, which was solicited by a Request for Proposals, will operate pursuant to a license for one (1) fourteen and a half (14.5) year term, ending December 31, 2038. Compensation to the City will be as follows: Licensee shall pay the City License fees for each Operating Year consisting of the greater of the guaranteed minimum annual fee or an annual percent of Gross Receipts derived from the operation of the Licensed Premises as set forth below:

OPERATING YEAR     GUARANTEED MINIMUM ANNUAL FEE      ANNUAL PERCENT OF GROSS RECEIPTS

Year 1 $225,000 Vs. 10% of Gross Receipts 

Year 2 $231,750 Vs. 10% of Gross Receipts

Year 3 $238,703 Vs. 10% of Gross Receipts

Year 4 $245,864 Vs. 10% of Gross Receipts

Year 5 $253,239 Vs. 10% of Gross Receipts

Year 6 $260,837 Vs. 10% of Gross Receipts

Year 7 $268,662 Vs. 10% of Gross Receipts

Year 8 $276,722 Vs. 10% of Gross Receipts

Year 9 $285,023 Vs. 10% of Gross Receipts

Year 10 $293,574 Vs. 10% of Gross Receipts

Year 11 $302,381 Vs. 10% of Gross Receipts

Year 12 $311,453 Vs. 10% of Gross Receipts

Year 13 $320,796 Vs. 10% of Gross Receipts

Year 14 $330,420 Vs. 10% of Gross Receipts

Year 15 $340,333 Vs. 10% of Gross Receipts