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Approves a fourth amendment to the agreement with YAZ Jewelry & Gifts to extend the term to December 31, 2013, reduce the maximum annual guarantee from $29,292 to $19,500, reduce the % compensation from 16% to a sliding scale of 10%, 12%, 14% increasing every million dollars in sales, begin paying 1% into the Joint Marketing Fund, and require renovations in the amount of $8,000 (AC68002). (BUSINESS, WORKFORCE & SUSTAINABILITY) Approves a fourth amendment to the agreement with YAZ Jewelry & Gifts to extend the term to December 31, 2013, reduce the maximum annual guarantee from $29,292 to $19,500, reduce the % compensation from 16% to a sliding scale of 10%,12%,14% increasing every million dollars in sales, begin paying 1% into the Joint Marketing Fund, and require renovations in the amount of $8,000 (AC68002). The last regularly scheduled Council meeting within the 30-day review period is on - -11. The Committee approved filing this bill by consent on 1-27-11.
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