Notice Details

Permit No.: B406-5-M

Permittee: Paerdegat Squadron, Inc.

                                   

The City of New York Department of Parks & Recreation has awarded a concession to Paerdegat Squadron, Inc., whose address is 1330 Paerdegat Avenue North, Brooklyn, NY, 11236, for the renovation, operation and maintenance of Paerdegat Marina at the Paerdegat Basin in Brooklyn, NY. The concession, which was solicited by a Request for Proposals (RFP), will operate pursuant to a license agreement for one (1) twenty (20) year term, commencing upon written Notice to Proceed. The concessionaire shall pay to the City a guaranteed minimum annual fee per the following schedule:

 

 

Annual Minimum Fee

Year 1  $31,356

Year 2  $32,924

Year 3  $34,570

Year 4  $35,261

Year 5  $35,967

Year 6  $36,686

Year 7  $37,420

Year 8  $38,168

Year 9  $38,931

Year 10 $39,710

Year 11 $40,504

Year 12 $42,529

Year 13 $43,380

Year 14 $44,248

Year 15 $45,133

Year 16 $46,035

Year 17 $46,956

Year 18 $47,985

Year 19 $48,853

Year 20 $49,830