Title
AUTHORIZATION TO ENTER INTO A CONTRACT WITH WESTREC SMI LLC (SUNTEX MARINA INVESTORS) FOR MANAGEMENT AND OPERATION OF OUTDOOR ICE RINKS
SPECIFICATION NO. P-23010
Body
To the Honorable Board of Commissioners of the Chicago Park District
I. Recommendation
It is recommended that the General Superintendent and CEO or her designee enter into a contract with Westrec SMI LLC (Suntex Marina Investors) ("Westrec") for the purpose of managing and operating outdoor ice rinks throughout the Chicago Park District. The contractor was selected pursuant to a publicly advertised Request for Proposals. No work may commence, and no payment shall be made to the contractor prior to the execution of a written agreement.
II. Award Information
Contractor: Westrec SMI LLC (Suntex Marina Investors, LLC)
17330 Preston Road, Suite #100C
Dallas, TX 75252
Company Type: Limited Liability
Majority Interests: Suntex REIT, LLC (46.65%)
Contract Term: Two (2) year initial term with three (3) one-year extension options.
Contract Amount: Annual Management Fee Schedule:
$125,000 Year 1
$130,000 Year 2
$135,000 Year 3 (extension)
$140,000 Year 4 (extension)
$145,000 Year 5 (extension)
Scope of Services: Management and operation of five (5) outdoor ice rinks: McKinley Park, Midway Plaisance Park, Mt. Greenwood Park, Warren Park, and Wentworth Park.
Affirmative
Action Goals: The Minority and Women Owned Business Enterprise participation for this contract includes 25% Minority Owned and 5% Women Owned.
Authorization: Auth...
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