File #: 20-0232    Version: 1 Name: Delay all contractually obligated financial payments due after 3/1/2020 from Billy Casper Golf, Chicago River Canoe and Kayak, Go Ape, Oak Park Tennis Center and Glen Grove Equestrian Center (together, the "Concessionaires") until the third quarter of 202
Type: Miscellaneous Item of Business Status: Approved
File created: 5/18/2020 In control: FPD Board of Commissioners
On agenda: 6/16/2020 Final action: 6/16/2020
Title: PROPOSED MISCELLANEOUS ITEM OF BUSINESS Department: Department of Permits, Rentals and Concessions Summary: The Forest Preserves of Cook County (the "Forest Preserves") requests authorization for the General Superintendent or a designee to delay all contractually obligated financial payments due after 3/1/2020 from Billy Casper Golf, Chicago River Canoe and Kayak, Go Ape, Oak Park Tennis Center and Glen Grove Equestrian Center (together, the "Concessionaires") until the third quarter of 2020 as a result of the COVID-19 pandemic. Furthermore, the Forest Preserves will work with the Concessionaires over the summer of 2020 to negotiate amendments to current agreements to mitigate the financial impact of COVID-19, including potential reductions or waivers of base payments and/or revenue share payments. The Forest Preserves will bring specific financial relief packages to the Board of Commissioners for approval in fall 2020. District(s): Districtwide
Indexes: (Inactive) ARNOLD RANDALL, General Superintendent

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PROPOSED MISCELLANEOUS ITEM OF BUSINESS

 

Department:   Department of Permits, Rentals and Concessions  

 

Summary:  The Forest Preserves of Cook County (the “Forest Preserves”) requests authorization for the General Superintendent or a designee to delay all contractually obligated financial payments due after 3/1/2020 from Billy Casper Golf, Chicago River Canoe and Kayak, Go Ape, Oak Park Tennis Center and Glen Grove Equestrian Center (together, the "Concessionaires") until the third quarter of 2020 as a result of the COVID-19 pandemic. Furthermore, the Forest Preserves will work with the Concessionaires over the summer of 2020 to negotiate amendments to current agreements to mitigate the financial impact of COVID-19, including potential reductions or waivers of base payments and/or revenue share payments. The Forest Preserves will bring specific financial relief packages to the Board of Commissioners for approval in fall 2020.

 

District(s):   Districtwide

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