Brian & Dorinda King and Phil & Diane Russell d/b/a K & R Enterprises were recommended to the POA board for the Wood N Iron operation. The Kings have been in the food and beverage industry for over 20 years and bring a wealth of experience in this area. The staff is comfortable with their ability to run this food operation.
Fiscal Information:
The agreement is a one year contract, with 2 – two year renewal options with terms and conditions to be negotiated prior to each renewal period. The Kings will pay a monthly rent of $850 and the first $300 of all maintenance and repair costs. In addition they will be required to pay all food and beverage costs, telephone service, pest extermination, housekeeping and janitorial supplies, window and carpet cleaning and cable services. The POA will pay the electric and water, sewer and sanitation costs. The new lease will require a security deposit in the amount of $1500. The POA subsidy under the new lease arrangement is being reduced by approximately $1500 annually.
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