Title
AUTHORIZATION TO ENTER INTO A CONTRACT WITH SMG DBA ASM GLOBAL FOR THE MANAGEMENT AND OPERATION OF MAGGIE DALEY PARK
SPECIFICATION NO. P-24009
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 SMG dba ASM Global ("ASMG") 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: SMG dba ASM Global
300 Conshohocken State Road, Ste 770
Conshohocken, PA 19248
Company Type: Delaware LLC
Majority Interests: SMG Holdings I - LLC 50%
SMG Holdings II - LLC 50%
Contract Type: Term Agreement
Contract Term: 7 years with one (1) three (3) year extension options
Contract Amount: See Exhibit A
Scope of Services: Management and operation of Maggie Daley Park, Cancer Survivors Garden and Peanut Park.
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 67% MBE participation and 15% WBE participation.
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 and Capital
Fiscal Year: 2025-2034
Source of Funds: 001.1303.1303.626060.00001.01.01.00001
IV. Procurement Information
Date Advertised: September 5, 2024
Maggie Daley Park Site Visit
and Pre-Submittal Meeti...
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