ORDINANCE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. Chapter 2-92 of the Municipal Code of Chicago is hereby amended by adding a new Section 2-92-588, as follows:
2-92-588 Veteran-owned business enterprises set-aside program for contracts whose costs are paid from T.I.F. funds.
(a) Definitions. For purposes of this section, the following definitions shall apply:
"Contract" means any contract, purchase order, construction project, redevelopment agreement or other agreement (other than a delegate agency contract, lease of real property, collective bargaining agreement or intergovernmental agreement) awarded by the city and whose cost is to be paid from T.I.F. funds.
"Service-disabled veteran-owned small business" or "SDVOSB" means a small business enterprise certified by the Illinois Department of Veterans' Affairs and the Illinois Department of Central Management Services as a qualified service-disabled veteran-owned small business pursuant to 30 ILCS 500/45-57.
"T.I.F. funds" has the meaning ascribed to the term in Section 2-45-115.
"Veteran-owned small business" or "VOSB" means a small business enterprise certified by the Illinois Department of Veterans' Affairs and the Illinois Department of Central Management Services as a qualified veteran-owned small business pursuant to 30 ILCS 500/45-57.
"Veteran-owned business enterprise" or "V.B.E." means any business enterprise which is a SDVOSB or a VOSB.
Award goal - Established. The chief procurement officer shall establish a goal of awarding not less than three percent of the annual dollar value of all contracts to V.B.E.s.
Award goal - Implementation. In order to achieve the goal stated in subsection (b), the chief procurement officer shall undertake the following measures:
(1) Insert within specifications for each contract let through competitive bidding with an estimated value in excess of $10,000.00 a requirement that the contractor commit to the expenditure of at least the V.B.E. perc...
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