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AUTHORIZATION TO ENTER INTO A JOINT PROCUREMENT WITH THE CITY OF CHICAGO CONTRACT #134953 WITH TRANE U.S. INC. FOR THE SUPPLY AND DELIVERY OF HVAC PRODUCTS, INSTALLATION, SERVICES AND RELATED PRODUCTS AND SERVICES, FOR DISTRICTWIDE USE,
SPECIFICATION NO. 1198987
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To: The Honorable Board of Commissioners of the Chicago Park District
I. Recommendation
Pursuant to Chapter XI, Section D.7.a. of the Code of the Chicago Park District and the recommendation of the Director of Facility Management, the Director of Purchasing recommends that the Chicago Park District Board of Commissioners approves this request for participation in the procurement of HVAC products, installation, services and related products and services, for districtwide use from City Contract #134953 (SPEC# 1198987) with Trane U.S. Inc., in the amount not to exceed $3,000,000.
II. Contractor Information
Contractor: Trane U.S. Inc.
Address: 7100 S. Madison Street
Willowbrook, IL 60527
Company Type: Business Corporation
Majority Interest: BlackRock Inc. 10.75%
Vanguard Group Inc. 8.72%
No other owners in excess of 7.5%
Contract Period: One (1) Year. In the event that the City of Chicago exercises one or more extension options on City Contract #134953 (Spec# 1198987) past such one (1) year, the Park District may likewise exercise one or more extension options. If the extension options are exercised, funding shall be based on annual appropriations.
Contract Amount: Not-to-exceed $3,000,000.00 annually. This is a DUR (Depends Upon Requirements) Contract, where the actual annual spending for the initial contract term and any extension term is determined based on the district's identified needs and which is authorized by annual appropriation and subject to each year's budget.
Scope of Services: Purchase of HVAC products, installation, services and related products and services, for districtwide use.
Compliance
Goals[JH1]: The Minority and Women Owne...
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