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HomeMy WebLinkAboutFIN-08-086 - P08-018 - Food & Beverage Service Agreement Report To: Mayor Carl Zehr & Members of Council Date of Meeting: 2008-06-23 Prepared By: Larry Gordon Date of Report: 2008-06-16 Report No: FIN 08-086 Subject: P08-0 18 - Food and Beverage Service Agreement RECOMMENDATION be awarded to Compass increase in each of the second and third years of the for two additional twelve (12) month periods, and further to execute an agreement satisfactory to the City BACKGROUND concession operations, arenas. REPORT from sixteen (16) potential bidders, advertised publicly in The Record, website and the Ontario Public Buyers Electronic By the closing date of Monday May 261\ 2008, three (3) proposals The following proposals were received: Kitchener, Ontario Mississauga, Ontario Lutz, Florida The received from Ovation Food Services did not meet the minimum annual financial subsequently rejected. Interviews were and conducted on 51\ 2008 with the two (2) remaining proponents and information was during the interviews. The additional information was reviewed and the Committee elected to recommend a award to Group Canada Ltd. a for a three (3) year period commencing September ,2008, with for two (2) additional twelve (12) month terms. G. Lorentz, Councillor, Forest-Rockway, K. Baulk, of KMAC & Community Arenas, C. Miller, Buyer, have reviewed the proposals and concur FINANCIAL IMPLICATIONS Minimum Guaranteed Revenue Year 1., $450,000. Minimum Guaranteed Revenue Year 2., $461,250. Minimum Guaranteed Revenue Year 3., $472,781. Larry Gordon Director of Purchasing