Title
AUTHORIZATION TO ENTER INTO A CONTRACT WITH COMCAST CABLE COMMUNICATIONS MANAGEMENT, LLC FOR TELECOMMUNICATION SERVICES AND INSTALLATION
Body
To the Honorable Board of Commissioners of the Chicago Park District:
I. Recommendation
Pursuant to Chapter XI, Section D.1.b.(2)(e) of the Code of the Chicago Park District, it is recommended that the General Superintendent and CEO or his designee enter into a contract with Comcast Cable Communications Management, LLC to provide telecommunication services and installation to park sites owned by the Chicago Park District.
II. Contract Information
Company: Comcast Cable Communications Management, LLC
1500 Market Street
Philadelphia, PA 19102
Company Type: Limited Liability Company
Majority Interest: Comcast Cable Communication Management, LLC is a wholly owned subsidiary of Comcast Corporation, a publicly traded company. The Vanguard Group, Inc. has a 9.4% beneficial interest in Comcast Corporation.
Contract Amount: Not-to-exceed $1,650,000 for the initial term
Contract Period: Three (3) year initial term with two (2) additional two (2) year extension options
Scope of Services: To provide telecommunication services and installation to park sites owned by the Chicago Park District.
Compliance Goals: The Minority and Women-Owned Business Enterprise (MBE/WBE) participation for this contract meets the compliance goals of 25% MBE participation and 5% WBE participation. The proposal for this authorization includes 25% MBE participation and 5% WBE participation.
III. Budget and Financial Information
Budget Classification: Operating
Fiscal Year: 2025-2028 Funding for successive fiscal years shall be allocated through the annual budget process
Source of Funds: 001.8230.8230.623015.00001.01.01.00001
IV. Procurement Information
Pursuant to Chapter XI, Section D.1.b.(2)(e) of the Code of the Chicago Park District, advertisement and competitive sealed bidding may be suspended if the public in...
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