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<br /> Type of Rent Description Proposed Rent <br /> (to be completed by Proposer) <br />Base Monthly Rent * Base rent, based on square <br />* Proposals less than $25 per footage of Restaurant (5,000), <br />square foot will not be as proposed by the Proposer. <br />considered. Base Rent is due monthly as <br /> per the Lease Agreement. <br />Percentage Rent Amount of rent offered by the <br /> Proposer based on the net sales <br /> of restaurant revenues. This <br /> amount will be due quarterly <br /> when Percentage Rent exceeds <br /> Base Rent as per the Lease <br /> Agreement. <br />Admission Fee Percentage ** A percentage of the Pier <br />** Management of the Pier and admission fees collected by the <br />collection of admission fees is Proposer. Fees will be <br />optional but will be considered established in accordance with <br />in the overall evaluation of the City approval. Percentage is <br />Proposer. proposed by the Proposer in <br /> the third column. <br />Bait/Gift Shop Revenue A percentage of the net sales <br />Percentage *** of bait/gift shop items will be <br />*** Management of the Bait payable by the Proposer to the <br />and Gift Shop is optional but City. Percentage is proposed <br />will be considered in the overall by the Proposer in the third <br />evaluation of the Proposer. column. <br /> <br />1.6 SUBMITT AL REQUIREMENTS <br /> <br />All submittals by contractors shall contain no more than fifteen (15) pages specifically <br />addressing the following issues. All other required documentation (except for 5 and 6 <br />below) will not be considered a part of the fifteen (15) pages. Any contractor wishing to <br />provide the services described in Sections 1.3 and 1.5 above must submit one (1) original <br />and four (4) additional complete copies that include, at a minimum, the following <br />documentation: <br /> <br />1. Name, address and company, including, but not limited to, a business overview, <br />financial state of the business, annual revenue for past two years, and names and <br />addresses of persons having financial interest in the firm. Include a schedule of the <br />minimum guaranteed annual income and/or revenue percentage the Proposer will <br />agree to provide the City during the term of the lease agreement. This minimum <br />guaranteed annual income and/or revenue percentage includes but is not limited to <br /> <br />7 <br />