Contract Goal. Concessionaire shall make Good Faith Efforts, as defined in City of Houston Ordinance No. 99-893, as amended and 49 CFR Parts 23 and 26, to ensure that at least 26% of the Gross Sales earned under this Agreement are attributable to small business concerns at least 51% owned by one or more individuals who are both socially and economically disadvantaged or, in the case of a corporation, in which 51% of each class of voting stock outstanding and 51% of the aggregate of all stock outstanding is owned by one or more such individuals, and whose management and daily business operations are controlled by the socially and economically disadvantaged individuals who own it. In the event that the operation of some Facilities are subcontracted to a joint venture that is partially owned by a certified ACDBE, credit towards the Contract Goal will be granted for a percentage of the joint venture’s Gross Sales equal to the percentage of the joint venture owned by ACDBEs, if consistent with all relevant FAA regulations, City ordinances, and City of Houston Office of Business Opportunities’ policies. "Socially and economically disadvantaged individual" means a U.S. citizen (or a lawfully admitted permanent resident of the United States) who is: Any individual who the City finds to be socially and economically disadvantaged on a case-by-case basis. Any individual in the following groups, members of which are rebuttably presumed to be socially and economically disadvantaged: "Black Americans," "Hispanic Americans," "Native Americans," "Asian-Pacific Americans," "Subcontinent Asian Americans," "Women," or Any additional groups whose members are designated as socially and economically disadvantaged by the SBA, at such time as the SBA designation becomes effective. The Concessionaire shall submit information concerning the ACDBEs that shall participate in this Agreement. The information shall include the name and address of each ACDBE, a description of the work to be performed by each named firm, the dollar value of the contract or subcontract, Concessionaire's written commitment to use such ACDBEs; and written confirmation from the ACDBEs that they are participants in the contract. If the Concessionaire fails to achieve the contract goal stated therein, it shall be required to provide documentation demonstrating that it made Good Faith efforts. The Concessionaire shall establish and maintain records and submit regular reports, as required by the Director and the Director of the Office of Business Opportunities, which shall identify and assess progress in achieving ACDBE subcontract goals and other ACDBE affirmative action efforts.
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Sources: Retail Concession Agreement
Contract Goal. Concessionaire shall make Good Faith Efforts, as defined in City of Houston Ordinance No. 99-893, as amended and 49 CFR Parts 23 and 26, to ensure that at least 2632% of the Gross Sales earned under this Agreement are attributable to small business concerns at least 51% owned by one or more individuals who are both socially and economically disadvantaged or, in the case of a corporation, in which 51% of each class of voting stock outstanding and 51% of the aggregate of all stock outstanding is owned by one or more such individuals, and whose management and daily business operations are controlled by the socially and economically disadvantaged individuals who own it. In the event that the operation of some Facilities are subcontracted to a joint venture that is partially owned by a certified ACDBE, credit towards the Contract Goal will be granted for a percentage of the joint venture’s Gross Sales equal to the percentage of the joint venture owned by ACDBEs, if consistent with all relevant FAA regulations, City ordinances, and City of Houston Office of Business Opportunities’ policies. "Socially and economically disadvantaged individual" means a U.S. citizen (or a lawfully admitted permanent resident of the United States) who is: Any individual who the City finds to be socially and economically disadvantaged on a case-by-case basis. Any individual in the following groups, members of which are rebuttably presumed to be socially and economically disadvantaged: "Black Americans," "Hispanic Americans," "Native Americans," "Asian-Pacific Americans," "Subcontinent Asian Americans," "Women," or Any additional groups whose members are designated as socially and economically disadvantaged by the SBA, at such time as the SBA designation becomes effective. The Concessionaire shall submit information concerning the ACDBEs that shall participate in this Agreement. The information shall include the name and address of each ACDBE, a description of the work to be performed by each named firm, the dollar value of the contract or subcontract, Concessionaire's written commitment to use such ACDBEs; and written confirmation from the ACDBEs that they are participants in the contract. If the Concessionaire fails to achieve the contract goal stated therein, it shall be required to provide documentation demonstrating that it made Good Faith efforts. The Concessionaire shall establish and maintain records and submit regular reports, as required by the Director and the Director of the Office of Business Opportunities, which shall identify and assess progress in achieving ACDBE subcontract goals and other ACDBE affirmative action efforts.
Appears in 1 contract
Contract Goal. Concessionaire shall make Good Faith Efforts, as defined in City of Houston Ordinance No. 99-893, as amended and 49 CFR Parts 23 and 26, to ensure that at least 2630% of the Gross Sales earned under this Agreement are attributable to small business concerns at least 51% owned by one or more individuals who are both socially and economically disadvantaged or, in the case of a corporation, in which 51% of each class of voting stock outstanding and 51% of the aggregate of all stock outstanding is owned by one or more such individuals, and whose management and daily business operations are controlled by the socially and economically disadvantaged individuals who own it. In the event that the operation of some Facilities are subcontracted to a joint venture that is partially owned by a certified ACDBE, credit towards the Contract Goal will be granted for a percentage of the joint venture’s Gross Sales equal to the percentage of the joint venture owned by ACDBEs, if consistent with all relevant FAA regulations, City ordinances, and City of Houston Office of Business Opportunities’ policies. "Socially and economically disadvantaged individual" means a U.S. citizen (or a lawfully admitted permanent resident of the United States) who is: Any individual who the City finds to be socially and economically disadvantaged on a case-by-case basis. Any individual in the following groups, members of which are rebuttably presumed to be socially and economically disadvantaged: "Black Americans," "Hispanic Americans," "Native Americans," "Asian-Pacific Americans," "Subcontinent Asian Americans," "Women," or Any additional groups whose members are designated as socially and economically disadvantaged by the SBA, at such time as the SBA designation becomes effective. The Concessionaire shall submit information concerning the ACDBEs that shall participate in this Agreement. The information shall include the name and address of each ACDBE, a description of the work to be performed by each named firm, the dollar value of the contract or subcontract, Concessionaire's written commitment to use such ACDBEs; and written confirmation from the ACDBEs that they are participants in the contract. If the Concessionaire fails to achieve the contract goal stated therein, it shall be required to provide documentation demonstrating that it made Good Faith efforts. The Concessionaire shall establish and maintain records and submit regular reports, as required by the Director and the Director of the Office of Business Opportunities, which shall identify and assess progress in achieving ACDBE subcontract goals and other ACDBE affirmative action efforts.
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