216986 - Olympic Village Restaurant Lease Extension

Summary Details
•     Under this Notice of Intent to Contract, the City of Vancouver (the “City”), as represented by its Board of Parks and Recreation, is sharing the intent to extend the lease agreement with Tap & Barrel Group Ltd. for the operation of the Olympic Village Restaurant, currently known as the Tap & Barrel - Olympic Village restaurant. 
•     Term of the contract - the lease agreement extension term is 5-year initial period plus three optional 5-year extensions.
•     Value of the contract - the City will not provide any financial contribution during the lease term. The extension is expected to increase revenues for the Park Board and secure capital investments in the facilities, funded by the operator.

Anyone wishing to request more information and/or has any questions with regard to this NOITC may use the Q&A Board of the event on the City of Vancouver Supplier Portal prior to the closing date and time.

The Notice of Intent to Contract will be administered through the City’s electronic procurement
portal (the “Supplier Portal”). 
Each Proponent is solely responsible for reviewing and complying with any Supplier Portal terms and conditions which apply to and govern the use of the Supplier Portal.