CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
Petitioner:
Rosemary A. Vassiliadis, Director of Aviation
Recommendation:
title
Approve and authorize the Director of Aviation to sign the First Amendment to the Concession Lease Agreement between Clark County and First Class Vending, Inc., (Matthew Marsh, CEO); or take other action as appropriate. (For possible action)
body
FISCAL IMPACT:
Fund #:
5201.701
Fund Name:
LAS Unrestricted Operations
Fund Center:
2200400050
Funded PGM/Grant:
N/A
Amount:
County will receive 58.2% of gross revenue for its traditional public vending units, 12% of gross revenue on non-public units, and 20% of gross revenue for each frictionless vending assigned area.
Description:
Amendment to Concession Lease Agreement
Additional Comments:
BACKGROUND:
The Clark County Department of Aviation (DOA) has an existing Concession Lease Agreement (Agreement) with First Class Vending, Inc. (Company), for the operation of automated snack and beverage units at Harry Reid International Airport.This First Amendment (Amendment) to the Agreement adds definitions to include the operation of new vending unit concepts, which includes an automated concept based on Amazon Go technology. The Construction of Tenant Improvements, Facilities, Maintenance, and Repair - Company, and Assignment sections have been updated to the DOA's latest standard language. Additionally, the rent section has been updated to cover the different percentage rates as follows:Traditional Vending units: • Fifty-eight and two tenths percent (58.2%) of gross revenue on public units • Twelve percent (12%) of gross revenue on non-public units (in employee areas)Frictionless Vending units: • Twenty percent (20%) of gross revenueThis Amendment has been executed by an authorized representative of Company approved as to form by the District Attorney's Office. Company currently holds a Clark County Business License.