Title
AUTHORIZATION TO ENTER INTO A CONCESSION PERMIT AGREEMENT WITH LAKEFRONT HOSPITALITY GROUP FOR THEATRE ON THE LAKE: RENOVATION AND YEAR-ROUND OPERATION OF THE RESTAURANT, THEATER AND EVENT SPACE
Body
To the Honorable Board of Commissioners of the Chicago Park District
I. Recommendation
Pursuant to Chapter IX of the Code of the Chicago Park District, it is recommended that the General Superintendent and CEO or his designee enter into a Concession Permit Agreement with Lakefront Hospitality Group for the renovation and year-round operation of the restaurant, theater and event space at Theater on the Lake. The concessionaire was selected pursuant to a publicly advertised Notice of Availability. No work may commence prior to the execution of a written Concession Permit Agreement.
II. Award Information
Concessionaire: Lakefront Hospitality Group
1058 West Albion Avenue
Chicago, Illinois 60626
Company Type: Illinois Corporation
Majority Interests: John Wrenn 50%
Margret Wrenn 50%
Concession Permit
Agreement Term: Ten (10) years with five (5) one (1) year extension options. Extension options are exercisable solely at the discretion of the Chicago Park District.
Scope of Services: Design, renovation, and year-round operation of restaurant, theater and event space at the Theater on the Lake building and the right to operate concessions within the following boundaries: east of Lake Shore Drive from Diversey south to and including the new parkland just south of Fullerton.
Affirmative
Action Goals: The concessionaire has committed to meeting the Chicago Park District's Minority and Women Owned Business Enterprises goals of 25% MBE and 5% WBE participation for the renovation and concession operation.
Authorization: Authorize the General Counsel to include other relevant terms and conditions in the written Concession Permit Agreement. Authorize the General Superintendent to execute the Concession Permit Agreement and the Secretary to attest ...
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