Budget staff told the committee the association issued a request for proposals for a food-and-beverage operator covering the Clubhouse, Beach Club and Yacht Club venues and that three bidders submitted offers. John and staff said they expect vendor discussions and a possible award in the coming week and presented three revenue scenarios for the venues: conservative, mid and high. The draft budget uses a mid-case revenue assumption of roughly $4.7 million in total F&B sales across venues with a projected net operating contribution of about $562,000 before depreciation.

Staff emphasized margins and noted a proposed operational net in the mid-case scenario of roughly $564,000 before depreciation; after depreciation and non-operating items the net is lower. The committee did not take action on the vendor selection during this session; staff said vendor interviews and final commercial terms remain under negotiation.

Committee members asked that staff ensure any new contractor understands the role of the venues in year-round amenity programming and community events; staff said contract terms will preserve community-event access and require performance reporting.

John said staff would share the vendor recommendation and more detailed contract terms with the committee as soon as the procurement process is complete.