Title
AUTHORIZATION TO ENTER INTO A CONTRACT WITH SPAAN TECH, INC. FOR CELLULAR AND INTERNET BROADBAND TELECOMMUNICATION INFRASTRUCTURE MANAGEMENT
SPECIFICATION NO. P-25001
BODY
To the Honorable Board of Commissioners of the Chicago Park District
I. Recommendation
It is recommended that the General Superintendent and CEO or his designee enter into a contract with SPAAN Tech, Inc. for the purpose of managing cellular internet broadband telecommunication infrastructure. The contractor was selected pursuant to a publicly advertised Request for Proposals ("RFP"). No work may commence and no payment shall be made to vendor prior to the execution of a written agreement.
II. Award Information
Company: SPAAN Tech, Inc.
311 South Wacker Drive, Suite 3200
Chicago, IL 60606
Company Type: Business Corporation
Majority Interest: Smita Shah 100%
Contract Type: Term Agreement
Contract Term: 5 years with one additional 2-year extension option
Contract Amount: Management Fee: Not to Exceed $2,847,331
Extension Option: Not to Exceed $1,258,767
A revenue share is to be paid in addition to the Management Fee.
Compliance Goals: The Minority- and Women-Owned Business Enterprise (MBE/WBE) participation for this contract exceeds the goals of 25% MBE participation and 5% WBE participation. The proposal for this authorization includes 95% MBE participation and 5% WBE participation. Additionally, this vendor is a certified Minority-owned and Women-owned enterprise.
Authorization: Authorize the General Counsel to include other relevant terms and conditions in the written Agreement. Authorize the General Superintendent to execute the Agreement and the related extension options and the Secretary to attest as to the signing of the Agreement and keep an original copy of the Agreement on file.
III. Budget and Financial Information
Budget Classification: Operating
Fiscal Years: 2025-2030
Source of Funds: 001.9310. 9310.623130.00001.01.01.00001
IV. Procureme...
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