Title
AUTHORIZATION TO ENTER INTO A CONTRACT WITH MB REAL ESTATE SERVICES, INC. FOR THE MANAGEMENT AND OPERATION OF MAGGIE DALEY PARK
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 MB Real Estate Services, Inc. for the purpose of managing and operating Maggie Daley Park. The contractor was selected pursuant to a publicly advertised Request for Proposals. No work may commence, and no payment shall be made to vendor prior to the execution of a written agreement.
II. Award Information
Company: MB Real Estate Services, Inc.
181 W. Madison
Chicago, Illinois 60602
Company Type: Delaware Corporation
Majority Interests: Mr. Edward Milstein 50%
Mr. Howard Milstein 50%
Contract Term: Five (5) years with five (5) one (1) year extension options
Contract Amount: See Exhibit A
Scope of Services: The management and operation of Maggie Daley Park, Cancer Survivors Garden and Peanut Park (See Exhibit B).
Affirmative
Action Goals: The Minority- and Women-Owned Participation for this contract include: 27% Minority-Owned and 6% Women-Owned.
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 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 Year: 2014-2024
Source of Funds: 001.1303.1303.626060.1.1.1.1
IV. Procurement Information
Date Advertised: March 13, 2014
Site Visit and Pre-Submittal
Meeting: April 11, 2014
Date Proposals Due: May 21, 2014
Number of Proposals Received: Four (4)
This contract was publicly advertised as a Request for Proposals ("RFP"). The RFP discussed the scope...
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