Proposed Contract Amendment Department(S): Bureau Of Economic Development Vendor: Women’s Business Development Center, Chicago, Illinois Request: Authorization For The Chief Procurement Officer To Increase Contract Good(S) Or Service(S): Grant Administrat

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Proposed Contract Amendment Department(S): Bureau Of Economic Development Vendor: Women’s Business Development Center, Chicago, Illinois Request: Authorization For The Chief Procurement Officer To Increase Contract Good(S) Or Service(S): Grant Administrator For Cook County Cannabis Development Fund Original Contract Period: 3/1/2024 - 5/31/2025, With Two (2), One (1) Year Renewal Options (If Applicable) ] Proposed Amendment Type: Increase Proposed Contract Period: N/A Total Current Contract Amount Authority: $338,757.46 Original Approval (Board Or Procurement): Board 3/14/2024, $338,757.46 Increase Requested: $3,661,242.54 Previous Board Increase(S): N/A Previous Chief Procurement Officer Increase(S): N/A Previous Board Renewals: N/A Previous Chief Procurement Officer Renewals: N/A Previous Board Extension(S): N/A Previous Chief Procurement Officer Extension(S): N/A Potential Fiscal Impact: Fy 2024 $3,661,242.54 Accounts: 11287.1027.39007.520830.00000.00000, 11287.1027.39007.580170.00000.00000 Contract Number(S): 2419-01041 Concurrences: The Contract-Specific Goal Set On This Contract Was Zero. The Chief Procurement Officer Concurs. Summary: This Increase Will Allow The Bureau Of Economic Development To Continue To Receive Services Related To The Cook County Cannabis Development Grant Funds. The County Is Allocating Up To $3,661,242.54 To The Grant Administrator (“Allocated Grant Funds”), Which, To The Extent Approved By The County, Will Be Distributed By Grant Administrator As Grants To Social Equity License Holders Who Are Selected To Receive Awards. This Is A Sole Source Procurement Pursuant To Section 34-139 Of The Cook County Procurement Code. End

AI Summary: The bill proposes an amendment to a contract between the Bureau of Economic Development and the Women’s Business Development Center in Chicago, Illinois. The purpose is to authorize the Chief Procurement Officer to increase the contract for grant administration related to the Cook County Cannabis Development Fund. The original contract period was from 3/1/2024 to 5/31/2025 with renewal options. The proposed increase is $3,661,242.54, with a fiscal impact in FY 2024. This increase will allow for the distribution of grant funds to social equity license holders selected for awards in Cook County's cannabis development program. It is noted as a sole source procurement under the Cook County Procurement Code.

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6/13/2024 : Board Of Commissioners

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