HomeMy WebLinkAboutCORRESPONDENCE - RFP - 8419 SOUTHRIDGE GOLF COURSE PROFESSIONAL / CONCESSIONAIREOfficial Purchasing Document
Last updated 3/2018
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AMENDMENT #03
AGREEMENT BETWEEN THE CITY OF FORT COLLINS
AND DMAC GOLF, LLC
This Third Amendment (Amendment #03) is entered into by and between the CITY OF FORT
COLLINS (the “City”) and DMAC GOLF, LLC (the “Contractor”).
WHEREAS, the Contractor and the City entered into an Agreement effective January 1, 2017 (the
“Agreement”); and
WHEREAS, the Contractor and the City entered into an Amendment effective January 6, 2022
(the “Amendment #01”); and
WHEREAS, the Contractor and the City entered into an Amendment effective February 14, 2023
(the “Amendment #02”); and
WHEREAS, Contractor and the City desire to amend the Agreement to revise the fees.
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises herein
contained, the parties agree as follows:
1. Article 8, Fee for Services/Free for Conduction Business, Subparagraph 8.1, Tables 1, 2,
and 3 are hereby revised and replaced with the following:
The 2024 fees effective February 1, 2024 are as follows:
Table 1
5 YEAR GROSS REVENUE SUMMARY
2019 2020 2021 2022 2023 Average
Green Fees $931,762 $1,002,588 $1,136,991 $1,190,149 $1,190,407 $1,090,379
Cart Fees $258,103 $320,558 $371,968 $425,027 $376,921 $350,515
Driving Range $81,255 $85,382 $134,685 $128,465 $153,895 $116,736
Total $1,271,120 $1,408,528 $1,643,644 $1,743,641 $1,721,222 $1,557,631
Table 2
Description Calculation
5 Year Average Gross Revenue $ 1,557,631
11 % Gross Revenue (Annual Fee for Services) $ 171,339
95% of Annual Fee for Services $ 162,772
Monthly Installment Calculation for 12 Months $ $13,564.37
DocuSign Envelope ID: 04E66EFA-D39A-4F8E-BDD8-7ED0DB2D5805
Official Purchasing Document
Last updated 3/2018
Page 2 of 2
Table 3
Description Calculation
Minimum Wage (2022 rate) $13.42 hour
Plus 28% Overhead $4.04 per hour
Total Hourly Allotment Rate $18.46
Total Annual Allotment $107,644.72
Monthly Installment Calculation for 12 Months $8,970.39
Except as expressly amended by this Amendment #03, all other terms and conditions of the
Agreement shall remain unchanged and in full force and effect. In the event of a conflict between
the terms of the Agreement, Amendment #01, Amendment #02, and this Amendment #03, this
Amendment #03 shall prevail.
IN WITNESS WHEREOF, the parties have executed this Second Amendment the day and year
shown.
CITY OF FORT COLLINS:
By:
Gerry Paul
Purchasing Director
DATE:
DMAC GOLF, LLC
By:
Printed:
Title:
Date:
DocuSign Envelope ID: 04E66EFA-D39A-4F8E-BDD8-7ED0DB2D5805
2/14/2024
Pro Owner
Dave McCleave
2/14/2024