The bill proposes the exercise of Option Year Three for Contract No. AGR-23-30000044 with Security Assurance Management, Inc. (SAM) to provide security services at the Walter E. Washington Convention Center and Carnegie Library. The contract period for this option is set from October 1, 2025, to September 30, 2026, with a not-to-exceed amount of $3,135,149.68. This contract has been previously approved for two option years, and the current proposal continues to fulfill the existing need for security services, including the provision of additional personnel and weapons screening services.

The contract modification is supported by various certifications, including tax compliance and funding availability, confirming that the proposed expenditure aligns with Events DC's approved fiscal year 2026 budget. The resolution from the Board of Directors endorses the recommendation for this expenditure, which is subject to the Council of the District of Columbia's approval as required by D.C. Code. All other terms and conditions of the contract remain unchanged.