Exhibit G - OCORA Campground RFP 110118 - Revenue Payable to Commonwealth.pdf
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- Attached to
- RFP 110118 OTTER CREEK OUTDOOR RECREATION AREA
- Solicitation number
- RFP 785 1900000121 3
- Issued by
- Lincoln County, Brooksville City, Kentucky
About this file
Exhibit G is a revenue and financial proposal document for the Kentucky Department of Fish and Wildlife Resources (KDFWR) OCORA Campground RFP 110118. This exhibit establishes the financial terms and submission requirements for offerors seeking to operate the campground facility. The successful offeror must submit financial proposals in a separate envelope marked "Financial Data and Benefits to Kentucky" and comply with all specified payment schedules and conditions. The contract term extends through multiple phases, with options for extension up to twenty years.
The successful offeror must pay the Commonwealth of Kentucky a percentage of gross receipts from campground operations, with quarterly rental payments due to KDFWR within ten working days following each quarter's conclusion. The percentage of gross receipts is subject to incremental increases over the contract term: no increase during Years 1-5, an additional half percent during Years 6-10, one percent additional during Years 11-15 if extended, and one and one-half percent additional during Years 16-20 if extended. Late payment penalties are assessed at one and one-half percent per month or eighteen percent per annum. The offeror assumes sole responsibility for all maintenance, fit-up, retrofit, renovation, and construction of improvements and infrastructure within the leased premises in its as-is condition, excluding utilities and the monthly maintenance fee. Offerors must specify their proposed percentage of gross receipts for convenience store operations and any applicable subleases.
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Text version
--EXHIBIT G—
REVENUE PAYABLE TO COMMOMWEALTH
THIS SECTION MUST BE FILLED OUT AND RETURNED IN A SEPARATE
ENVELOPE FROM ALL OTHER MATERIALS, WITH FINANCIAL PROPOSAL
MATERIAL, AND MARKED “Financial Data and Benefits to Kentucky”
Revenue Payable to the Commonwealth.
Offerors are to indicate (on line below) the rental payment to the Commonwealth. Rental payments shall be made quarterly and shall be due to KDFWR on or before the close of business ten (10) working days after the end of the preceding quarter. Should the Offeror be late on rental payment to the Commonwealth, then the Offeror is subject to a penalty of one and one-half percent per month or eighteen percent per annum for each month the concession payment is late.
THE SUCCESSFUL OFFEROR SHALL PAY TO THE COMMONWEALTH A PERCENTAGE
OF GROSS RECEIPTS FOR THE CAMPGROUND OPERATION.
The successful Offeror will be subject to one-half (1/2%) percent increase in gross receipts in the following years:
Years 1-5 = no increase Years 6-10 = Bid amount (% of gross receipts) + a half percent (½ %) Years 11-15 (if extended) = Bid amount (% of gross receipts) + one percent (1%)
Years 16-20 (if extended) = Bid amount (% of gross receipts) + one and a half percent (1 ½ %)
OFFEROR FILL IN BLANKS AND RETURN:
For lease of the site in its AS-IS condition as identified in Exhibit B, with the Offeror being solely responsible for maintenance/fit-up/retrofit/renovation/construction of the all improvements and infrastructure within the leased premises, I propose to pay the Commonwealth of Kentucky the following, excluding utilities and the monthly maintenance fee:
______ % in gross receipts for convenience store as well as subleases, if applicable
Offeror’s Signature)
(Offeror’s Name - Printed)
| For lease of the site in its AS-IS condition as identified in Exhibit B, with the Offeror being solely responsible for maintenance/fit-up/retrofit/renovation/construction of the all improvements and infrastructure within the leased premises, I propose... |
| ______ % in gross receipts for convenience store as well as subleases, if applicable |
File details come from the government source that posted it. Updated .