This is to authorize the City to purchase Food & Beverage products for Allen Event Center and The Courses at Watters Creek through Ben E. Keith.  With this, there is no contractual obligation for purchase and will only be purchased on an as-needed basis to ensure competitive pricing. 

Products purchased are generally Bakery, Dairy, Meat, Produce, Consumables, Beverages, and Paper Goods. As a revenue source for both locations, we traditionally have maintained 30 - 35% cost of goods sold in our pricing strategy on Food & Beverage.  

The Projected General Fund Expense of $245,000 contributes to the overall projected Food & Beverage revenue of $1,347,232 within a Twelve (12) month period. The purchase expense is recovered by food and non-alcoholic beverage resale at both facilities.  Revenue and expenses are budgeted for and approved by the Allen City Council for the FY22 Adopted Budget.

Staff recommends that the City Council Authorize the City Manager to Approve Annual Food & Beverage Purchases from Ben E. Keith for Parks & Recreation Used for Resale at Allen Event Center and The Courses at Watters Creek in the Amount of $245,000.

I make a motion to Authorize the City Manager to Approve Annual Food & Beverage Purchases from Ben E. Keith for Parks & Recreation Used for Resale at Allen Event Center and The Courses at Watters Creek in the Amount of $245,000.