Common use of Concession Operation Goal Clause in Contracts

Concession Operation Goal. It is the policy of the City, of Chicago (“City”) in accordance with the requirements of 49 CFR Part 23 and 49 CFR Part 26, that Disadvantaged Business Enterprises (“DBEs”) have the maximum opportunity to participate fully in the operation of concessions under any concession license agreement entered into with the City in connection with its airports. The City’s overall goal for DBE participation in operating its airport concessions (including licenses and sublicenses). (“DBE Concession Goal”) is 30%, measured by the annual gross receipts derived from airport concession operations from October 1st through September 30th (i.e., federal fiscal year).