024-12 Wyo. Code R. §§ 12-2 - Procedure
(a) The original Concessionaire must notify
the Division no less than ninety (90) days prior to the proposed
purchase/transfer of the contract. This will allow the Division time to
assemble all the necessary information, notify the Commission and set up a
meeting to review the proposed transfer. Upon review, the Division and
Commission will make a recommendation to the Department Director, who will make
the final decision in writing.
(b)
The prospective new Concessionaire will be required to pay to the Division a
non-refundable administrative fee at time of application to cover processing
and administrative costs. The prospective new Concessionaire may be required,
where applicable, to sign a document stating they have received the MOU, the
Amendment to the MOU and the BuRec Concession Management Guidelines.
(c) The prospective new Concessionaire may be
required to furnish the same information as requested in a RFP for a new
facility. At a minimum, the party purchasing a concession will provide the
following:
(i) Personal data of all
principals,
(ii) Management
background (Resume),
(iii) Personal
tax returns of all principals for the previous three (3) years,
(iv) Personal financial statement of all
principals, current (within ninety (90) days),
(v) Operations experience information of all
principals,
(vi) Sales contract
and/or purchase agreement,
(vii)
Construction bid when applicable,
(viii) Current appraisal of the concession,
at the expense of the buyer or seller,
(ix) Business references,
(x) Current Concessionaire's financial
statements,
(xi) Projected income
statements and cash flow statements,
(xii) Five (5) year Business Plan, if
appropriate for the concession,
(xiii) Other information as requested by the
Commission.
(d) If all
of the above information is not received timely, the sale or transfer of the
concession operation will be postponed until the Division has had time to
review the information and make a decision.
(e) The Division reserves the right to
contract outside consultation, with proper disclosure, for financial and
technical review and recommendation.
(f) The Concessionaire will submit the
proposal to the Division. The Division will review the proposal and make
recommendations to the Commission.
(g) Following their review, the Commission
will make a recommendation to the Department Director.
(h) The Department Director will make the
final decision and all parties will be notified in writing. Should the request
be denied for the purchase/transfer, the reasons will be detailed in written
correspondence to all parties.
Notes
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