Title
AUTHORIZATION TO PARTICIPATE IN CITY OF CHICAGO CONTRACT 33233
WITH OFFICE DEPOT, INC. FOR THE SUPPLY AND DELIVERY OF GENERAL OFFICE SUPPLIES AND RELATED SERVICES
Body
To the Honorable Board of Commissioners of the Chicago Park District:
I. Recommendation
It is recommended that an order be entered authorizing the General Superintendent and CEO or his designee to participate in City of Chicago contract #33233 with Office Depot, Inc. for the Supply and Delivery of General Office Supplies and Related Services. Pursuant to Chapter XI, Section D, 7 of the Code of the Chicago Park District, the Director of Purchasing may participate in another governmental entity's contract when doing so is in the best interest of the Chicago Park District. No work may commence and no payment shall be made to contractor prior to the execution of a written agreement.
II. Award Information
Contractor: Office Depot, Inc.
6600 North Military Trail
Boca Raton, FL 33496
Business Type: Delaware Business Corporation
Majority Interests: BlackRock Institutional Trust Company, N.A. 8.8%
400 Howard Street
San Francisco, CA 94105
Hotchkis and Wiley Capital Management, LLC 8.1%
725 S. Figueroa Street, 39th Floor
Los Angeles, CA 90017-5439
The Vanguard Group, Inc. 7.9%
100 Vanguard Blvd.
Malvern, PA 19355
Contract Period: Three (3) year initial term with two (2) one (1) year extension options, and the second option expired on November 28, 2017. Section 3.1.17 of the City of Chicago's ("City") contract with Office Depot permits the City to extend the contract after expiration of the second formal extension option "for up to 181 days or until such time as a new contract has been awarded" to provide continuity of service while a new RFP is advertised and new contract executed. Pursuant to section 3.1.17 the City has extended the contract until May 27, 2019.
Authorized Amount: Not-to-Exceed $220,000.00 for the remainder of the final one (1) year ext...
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