Title
AUTHORIZATION FOR A $1,760,184 PAYMENT
TO THE CHICAGO HISTORICAL SOCIETY
Body
To the Honorable Board of Commissioners
of the Chicago Park District
I. Recommendation
It is recommended that the Board of Commissioners ("Board") enter an order authorizing the payment of $1,760,184 to the Chicago Historical Society for the Chicago Historic Galleries capital improvement project, as previously approved by the Board.
II. Museum Information
Museum: Chicago Historical Society
1601 N. Clark
Chicago, IL 60614
Payment Type: Museum Bond Fund Capital Improvement Reimbursement
Affirmative Action
Goals:
Original M/WBE Goals Amount To Date Waived
MBE 25% 27% NO
WBE 5% 8% NO
Authorization: Authorize the Chicago Park District to disburse 1999 Aquarium and Museum funds to the Chicago Historical Society.
III. Budget and Financial Information
Budget Classification: Aquarium and Museum Funds
Fiscal Year: 2005
Source of Funds: 033.8190.8190.622005.00001.01.01.98003
Total Approved CPD Funding for Project: $2,668,117
Previous CPD Reimbursements for Project: $907,933
AMOUNT OF THIS REIMBURSEMENT: $1,760,184
Balance of Project Funding: $0
The project will draw on the 1999 Aquarium & Museum Bond funds. Reimbursement requests will not exceed the amount allocated to the Chicago Historical Society from the 1999 Aquarium and Museum Bond issuance.
IV. Procurement Information
The Park District Department of Purchasing has reviewed and approved the Museum's reimbursement application. The reimbursement application for the project has a cumulative M/WBE compliance of 27% and 8%. The Department of Purchasing has determined that based upon their commitment to the M/WBE program, this project has met the 25% MBE and 5% WBE goal.
The Park District Department of Purchasing has identified the firms involved in the Affirmative Action Schedules of this contract. The identified firm or firms are subject to change only upon the ...
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