Pier Concession License Agreement
Extensions
Agenda Item 12.C
By Gordon Jackson
Meeting Date: June 20, 2023
Recommendation
Direct staff to:
1. Execute an extension of the existing License Agreement with Rib Line by the Beach LLC for operation of the Sunsets at the Pier concession stand;
2. Execute an extension of the existing License Agreement with Sheldon’s Bait Shack for operation of the Pier bait shack.
Background
Background
Passive Recreation
Open Space Designation
Fiscal Impact
Historical Net Revenues for Airstreams
Year 1 Year 2 Year 3
Revenues
Sunsets on the Pier 47,230$ 47,546$ 45,861$
Sheldon's Clam Stand 17,350 18,801 20,148 Total Revenues 64,580$ 66,347$ 66,009$
Expeditures
Airstream polishing - 8,500 17,560 Net (Revs - Exp)64,580$ 57,847$ 48,449$
Fiscal Impact
Term 1 Term 2
Revenues
Sunsets on the Pier 47,696$ 49,603$
Sheldon's Clam Stand 20,952 21,792
Total Revenues 68,648$ 71,395$
Expeditures
Airstream polishing 30,000 30,000
Net (Revs - Exp)38,648$ 41,395$
Projected Net Revenues for Airstreams if License Agreement Extended
Recommendation
Direct staff to:
1. Execute an extension of the existing License Agreement with Rib Line by the Beach LLC for operation of the Sunsets at the Pier concession stand;
2. Execute an extension of the existing License Agreement with Sheldon’s Bait Shack for operation of the Pier bait shack.
Questions?