Title/Name/Summary
Consent to Assignment of Agreement - Indestructo Rental Company Inc. to Chicago Tent Events LLC
History
On April 1, 2024, the Village entered into an agreement with Indestructo Rental Company Inc. (“Indestructo”) for provision of tents and associated accessories for various special events hosted by the Village, including the Taste. (the “Agreement”). The Agreement has an initial term of three (3) years, with an option to extend for two (2) additional years.
Indestructo has since been acquired by Chicago Tent Events LLC (“Chicago Tent”), and in connection with that transaction, Indestructo has assigned its rights and obligations under the Agreement to Chicago Tent pursuant to an Assignment and Assumption Agreement dated August 13, 2025.
The Agreement requires Village consent prior to assignment. The proposed Consent to Assignment does not modify any terms of the Agreement. Chicago Tent will assume all obligations of Indestructo under the Agreement, and Indestructo will remain liable for performance.
This is an administrative item reflecting a change in the contracting entity only. There is no change to the scope of services, pricing, or contract term.
Financial Impact
There is no financial impact associated with this item. All costs remain as previously authorized and approved under the Agreement.
Recommended Action/Motion
I move to approve the Consent to Assignment of Agreement from Indestructo Rental Company Inc. to Chicago Tent Events LLC;
AND
Authorize the Village Manager to execute all related documents, subject to Village Attorney review.