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Agreement with CM Amusements for amusement ride services at City events <br />March 15, 2022 <br />Page 2 <br />FISCAL IMPACT <br />CM Amusements is to pay the City 25 percent of gross revenue ticket sales. While the City <br />will collect revenue there may be some additional costs related to having amusement rides <br />at City events, such as event insurance premiums may increase (the vendor will also be <br />required to have their own insurance). Also, depending on the location of the rides, it may <br />require the City to rent traffic barricades. The vendor will be responsible for maintaining the <br />site clean during and after events. The potential for additional costs will need to be <br />evaluated on an event by event basis. <br />Funds will be deposited in the following account for the specified years: <br />Fiscal <br />Accounting <br />Fund <br />Accounting Unit, <br />Amount <br />Year <br />Unit -Account # <br />Description <br />Account Description <br />FY 22-23 <br />01113002- <br />General <br />PRCSA-City Events <br />Estimate $5,000 - <br />53331 <br />Fund <br />7,500 <br />FY 23-24 <br />01113002- <br />General <br />PRCSA-City Events <br />Estimate $5,000 - <br />53331 <br />Fund <br />7,500 <br />FY 24-25 <br />01113002- <br />General <br />PRCSA-City Events <br />Estimate $5,000 - <br />53331 <br />Fund <br />7,500 <br />EXHIBIT(S) <br />1. Agreement <br />Submitted By: Lisa Rudloff, PRCSA Executive Director <br />Approved By: Kristine Ridge, City Manager <br />City Council 23 — 2 4/5/2022 <br />