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PROPOSED CONTRACT AMENDMENT
Department(s): Department Planning and Development
Vendor: The Illinois Energy Conservation Authority, NFP
Request: Authorization for the Chief Procurement Officer to extend contract
Good(s) or Service(s): Program Administrator for Property Assessed Clean Energy Program (PACE)
Original Contract Period: 8/1/2020 - 7/31/2022 with two, one-year renewal options
Proposed Amendment Type: Extension
Proposed Contract Period: 8/1/2024 - 7/31/2025
Total Current Contract Amount Authority: $00.00
Original Approval (Board or Procurement): Procurement, 7/31/2020 - $00.00
Increase Requested: N/A
Previous Board Increase(s): N/A
Previous Chief Procurement Officer Increase(s): N/A
Previous Board Renewals: 9/21/2023, 8/1/2023-7/31/2024
Previous Chief Procurement Officer Renewals: 8/12/2022, 8/1/2022 - 7/31/2023
Previous Board Extension(s): N/A
Previous Chief Procurement Officer Extension(s): N/A
Potential Fiscal Impact: FY2024 and FY 2025 - No fiscal impact; the vendor receives fees at closing from the private borrower.
Accounts: 11000.1013.10155.521313 PLANNING & DEVELOPMENT
Contract Number(s): 1823-17565
Concurrences:
The Contract Specific Goal set on this Contract is Zero.
The Chief Procurement Officer concurs.
Summary: This extension will allow the Department of Planning & Development to continue to administer the Commercial Property Assessed Clean Energy (PACE) Program, a voluntary, privately-funded finance program for commercial property owners throughout the County.
This contract was awarded through a publicly advertised Request for Proposals (RFP) process in accordance with the Cook County Procurement Code. The Illinois Energy Conservation Authority, NFP was selected as the Program Administrator for the PACE program, based on established evaluation criteria.
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