TITLE
Recommendation to authorize City Manager, or designee, to enter into a permit agreement with Freetime, Inc., dba Wheel Fun Rentals, for the use of Rainbow Lagoon, to offer Swan Pedal Boat rentals, for a term of five years, with the option to renew for two additional two-year periods, at the discretion of the City Manager. (District 2)
DISCUSSION
City Council approval is requested to enter into a permit agreement with Freetime, Inc., dba Wheel Fun Rentals (Wheel Fun Rentals), to provide Swan Pedal Boat rentals at the Rainbow Lagoon (Attachment). Wheel Fun Rentals is a premier recreational rental company in the United States with over 100 locations across the country and three million customers served annually. Since 2000, Wheel Fun Rentals has operated a bicycle and Segway scooter rental location out of Shoreline Village. The company has seen progressive growth in its annual Shoreline Village sales over the past five years, recently surpassing $600,000 in annual sales.
It is the intention of Wheel Fun Rentals to enhance the beauty and activity of Rainbow Lagoon and the Pike area by offering attractive, safe and durable Swan Pedal Boat rentals to users of all ages. Similar Swan Pedal Boat operations in the City of Los Angeles have already drawn 250,000 people to the experience since 2018. Wheel Fun Rentals has requested to permit 30 Swan Pedal Boats in Rainbow Lagoon for an initial term of five years, with the option to renew for two additional two-year periods.
The proposed permit agreement will contain the following:
· Term: Five years, from February 1, 2020 to January 31, 2025.
· Renewal Options: Two additional two-year renewal options at the discretion of the City Manager.
· Capacity: Wheel Fun Rentals will be permitted to operate 30 Swan Pedal Boats, with no more than ten boats to be stored together in one location upon Rainbow Lagoon waters or City property. More Swan Pedal Boats may be approved for use in Rainbow Lagoon by written request t...
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