Title
Authorizing the Parks and Recreation Commissioner and the Procurement Commissioner to enter into a Concession Agreement with Loveluck LLC, for the design, construction, management and operation of a food and beverage concession in the Fairmount Park Welcome Center in John F. Kennedy Plaza, a/k/a Love Park, all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Parks and Recreation Commissioner and the Procurement Commissioner are hereby authorized to enter into a Concession Agreement for the design, construction, management and operation of a food and beverage concession in the Fairmount Park Welcome Center in John F. Kennedy Plaza, a/k/a Love Park, with Loveluck LLC. The terms of the Concession Agreement must be substantially consistent with those set forth in the term sheet attached to this Ordinance as Exhibit "A", the Concession Fee Schedule attached as Exhibit "B" and the Economic Opportunity Plan attached as Exhibit "C."
SECTION 2. The City Solicitor is hereby authorized to review and approve the Concession Agreement authorized by this Ordinance, which Agreement shall contain such terms and conditions as the City Solicitor shall deem necessary and proper to protect the interests of the City of Philadelphia and to carry out the purpose of this Ordinance.
EXHIBIT A
TERM SHEET
For the Design, Construction, Management and Operation of a Food and Beverage Concession in the Fairmount Park Welcome Center in John F. Kennedy Plaza/Love Park:
1. Parties. The City of Philadelphia acting through its Parks and Recreation Commissioner and Procurement Commissioner (the "City") and Loveluck LLC ("Concessionaire").
2. Term. The Initial Term of the Agreement is for 10 years, plus the time between the date of the Concession Agreement and delivery of possession of the Welcome Center to Concessionaire (the Possession Date) with two 5-year Renewal Terms at the City's sole discretion.
3. License. The City ...
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