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R2014-63 ACCEPTING THE PROPOSAL OF THE ILLINOIS BUSINESS ENTERPRISE PROGRAM FOR THE BLIND
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R2014-63 ACCEPTING THE PROPOSAL OF THE ILLINOIS BUSINESS ENTERPRISE PROGRAM FOR THE BLIND
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7/28/2015 3:18:02 PM
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7/28/2015 3:17:58 PM
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Resolution/Ordinance
Res Ord Num
R2014-63
Res Ord Title
ACCEPTING THE PROPOSAL OF THE ILLINOIS BUSINESS ENTERPRISE PROGRAM FOR THE BLIND FOR VENDING MACHINE OPERATOR
Department
Mass Transit
Approved Date
6/2/2014
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Pricing <br /> (Statement) <br /> In consideration of the rights and privileges granted under the Agreement, the Contractor shall pay to the City each <br /> month an amount equal to 12.5 percent of net sales (gross sales less sales tax) of all items sold. This percentage will <br /> be for the full five-year contract period. <br /> The amount of the ensuing contract shall be based on a percentage (12.5%) of sales revenue. The amount of net <br /> sales may vary with the location of the machines, the type of machine, and the type of item sold. The net sales may <br /> vary by month, by year, over the five (5) year period of the contract. <br />
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