Reminder: Suspension of October 2014 Franchise Fees for Eligible Concessioners
As a reminder, concession franchise fees and special account contributions will be suspended for the entire month of October 2014 for all eligible concessioners. The Director announced the Franchise Fee Suspension in March 2014, and eligible concessioners were notified by the Commercial Services Program. If you believe you are an eligible concessioner but did not receive notification, please email Commercial Services. All concessioners must continue to pay required building use fees and make required contributions to repair and maintenance reserves.
All eligible concessioners must complete a franchise fee suspension worksheet and submit to Park staff by November 10, 2014. The worksheet calculates the fee discount and includes information about October 2014 revenues, October 2014 gross receipts, the contract‐defined franchise fee or special account fee, the type of discount applied (flat fee and/or annual percentage fee), and the total value of the discount claimed. If a concessioner fails to submit the worksheet by this deadline, the concessioner will no longer be eligible for the franchise fee suspension and must pay applicable franchise fees and/or special account contributions for October 2014. Park staff will notify concessioners if the Franchise Fee Suspension Worksheet is not approved. A copy of the worksheet and guidance for completing the worksheet are attached to this news item.
All eligible concessioners must also account for the October 2014 franchise fee suspension on their Annual Financial Reports. Specific guidance for concessioners on how to account for the suspension is included in the attached guidance document.