Title
AUTHORIZATION TO EXTEND THE AGREEMENT WITH SMG FOR THE MANAGEMENT OF BEVERLY/MORGAN SPORTS COMPLEX
SPECIFICATION NO. P-15018
BODY
To the Honorable Board of Commissioners of the Chicago Park District
I. Recommendation:
Pursuant to Chapter XI, Section D.1.b.(2)(e)(iv) of the Code of the Chicago Park District, it is recommended that the General Superintendent and CEO or their designee (the "General Superintendent") temporarily suspend competitive bidding and extend the agreement with SMG for the Management of Beverly/Morgan Sports Complex ("the Agreement") beyond the current end date of December 31, 2025 to March 31, 2028.
II. Contract Information
Company: SMG
300 Conshohocken State Road
Conshohocken, Pennsylvania 19428
Company Type: a Pennsylvania general partnership
Majority Interest: Legends Global (parent company of SMG)
Original Contract Initial Term: September 1, 2016 - December 31, 2020
Original Contract Renewal Terms: Five (5) one-year extensions executed January 1, 2021 - December 31, 2025
Recommended Additional Renewal Term: January 1, 2026 - March 31, 2028
Original Contract Management Fees: $1,146,489 ($530,914 Initial Term + $615,575 Renewal Terms)
Recommended Additional Management Fees: Not to exceed $298,536.00
Compliance Goals: The Minority and Women Owned Business Enterprise participation for this contract includes 46% MBE and 5% WBE
Scope of Services: The management and operation of the facilities, including: (i) keeping the facilities in a clean, safe, and attractive state at all times by providing all maintenance and custodial services both indoors and outdoors; (ii) marketing, permitting, and booking events; (iii) programming and staffing the ice rink and gymnastics area; (iv) operating the concessions; (v) providing all administrati...
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