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Record #: O2017-6307   
Type: Ordinance Status: Failed to Pass
Intro date: 9/6/2017 Current Controlling Legislative Body: Committee on Workforce Development and Audit
Final action:
Title: Amendment of Municipal Code Title 2 by deleting Section 2-92-420(o) regarding definition of "established business"
Sponsors: Sawyer, Roderick T., Villegas, Gilbert, Ervin, Jason C., Austin, Carrie M., Munoz, Ricardo, Dowell, Pat, Cardenas, George A., King, Sophia D., Maldonado, Roberto, Mitchell, Gregory I., Beale, Anthony, Reboyras, Ariel, Scott, Jr. Michael, Waguespack, Scott, Solis, Daniel, Santiago, Milagros, Taliaferro, Chris, Foulkes, Toni, Curtis, Derrick G., Willie B. Cochran, Brookins, Jr., Howard, Hairston, Leslie A., Lopez, Raymond A., Moore, David H., Harris, Michelle A.
Topic: MUNICIPAL CODE AMENDMENTS - Title 2 - City Government & Administration - Ch. 92 Dept. of Purchases, Contracts & Supplies
Attachments: 1. O2017-6307.pdf
Related files: R2019-362

Committee on Workforce Development

September 6, 2017 City Council Meeting

 

 

ORDINANCE

 

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:

 

SECTION 1. Section 2-92-420 of the Municipal Code of Chicago is hereby amended by deleting the struck-through language as follows:

 

2-92-420 Definitions.

(omitted text is unaffected by this ordinance)

 

 

compotin§-4n tho markets in which it operatos.-doos not need to bo a full partieipant in tho program in order to effeotuato the purposes of-tbe program, as determined by the chief

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Fer-ealendar year 20Q0, a business-entity shall bo prosumod to bo an ostablished-businoss-if the business entity and its affiliates havo had annual avorage-gross-receipts in ox-eess-ef $27,500,000.00 over the previous three fiscal yoars. For calendar-year 2001 and boyondi this sum-shatr-be adjusted upwards or downwards by applying to it a rate equal to the Consumer Price Index for Urban Wa§e Earners and Clerical Workers (CPI W) published by tho United States-Bureau of Labor Statistics for that calendar year. Such adjustment shall be made for a given year in January of tho following year and shall remain in offoot for that givon year until the following year's adjustment is made. The chief procurement officer, aftor computing tho adjustment for a given year, shall cause the now sum as adjusted to be published for five

 

 

 

(omitted text is unaffected by this ordinance)

 

 

 

SECTION 2. This ordinance shall be in force and effect upon passage and approval.