647 Fulton Street, Brooklyn, NY, 11217
PIN#B73-O-SB
The City of New York Department of Parks and Recreation (“Parks”) has awarded a concession to BRIC Arts I Media I Bklyn, Inc. (“Licensee”), of 647 Fulton Street, Brooklyn, NY 11217, for the operation and maintenance of a food, beverage, and merchandise concession at the BRIC Celebrate Brooklyn! Festival in Prospect Park, Brooklyn.
The concession was awarded through a Different Procedure (Sole Source) pursuant to Section 1-16 of the Concession Rules of the City of New York.
All gross receipts received by Licensee will be used exclusively for the management, maintenance, operation, and programming of the festival. If, at any time, revenue from this concession is expected to exceed those expenses, Parks shall direct the Licensee to implement a plan to provide additional Celebrate Brooklyn! related services, including, but not limited to, additional free events, subject to the prior written approval of the Commissioner.
The agreement will provide for one (1) ten (10)-year term, terminating on the same date as the expiration of the Maintenance and Operation (“M&O”) agreement between Parks and Licensee for the festival. Parks, in its sole discretion, shall have the option to renew this License for up to two (2) additional five (5)-year periods, provided that Parks has renewed the M&O agreement for the same periods.