10.3 SR 10-03-2022 - Laserfiche WebLink

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13. The BOARD agrees to restrict the Catering Services provided at the MGCC to CATERER and a maximum of fourteen (14) other approved food caterers, exclusively for the food catered events held at the MGCC, except for events and Permit Holders exempted by the BOARD, as determined by the BOARD's MGCC Manager (herein "MGCC Manager" or designee; 14. The BOARD shall set a guideline of requiring clients with bookings of the Banquet Room for any number of people or a Divided Space with greater than 80 people for a single booking to be required to use a food caterer. BOARD reserves the right to evaluate the minimum annually thereafter, to make necessary adjustments to maintain and promote reasonable food service accommodations for the Permit Holder; and. 15. BOARD shall have the ability to provide a Permit Holder light refreshments with beverage and/or cake/cookie service to a Permit Holder. SECTION 5 FINANCIAL ARRANGEMENTS The BOARD's percentage of the revenues generated through Catering Services provided by CATERER shall be based on the following formulas: A. The CATERER shall be required to reimburse the BOARD a percentage of the revenues generated through food service (hereinafter "Commission") based on the following formula (hereinafter "Commission Rate"): 1. MGCC will receive 10% of all gross sales for food and non-alcoholic beverage service scheduled Monday through Thursday and daytime rental (8am — 5pm) on Fridays; 2. MGCC will receive 15% of all gross sales for food and non-alcoholic beverage service for all day events scheduled on Friday evenings (5pm — lam), all day events scheduled on Fridays (8am — lam), Saturdays, Sundays and Holidays CATERER shall calculate the Commission Rate based on the gross sales excluding the sales tax and service charges. B. CATERER shall agree to follow regarding the Commission: 1. The collection of deposits and fees for all catering charges are the sole responsibility of CATERER. Non-payment by a client to the CATERER for Catering Services rendered will not negate payment of the Commission Rate revenue to the BOARD. CATERER's billings to a Permit Holder shall not show the Commission due to the BOARD. 2. The CATERER agrees to pay the BOARD the Commission based upon the final billing for each Catered Event. The CATERER is responsible to provide one copy of the final billing for each Catered Event in a given month to the Rental Coordinator within ten (10) business days C01