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 follows the previous approvals for the base term and two option years, which were granted by the Council of the District of Columbia in prior years.

The contract aims to ensure the provision of daily security services at the Convention Center and on an as-needed basis for special events at the Carnegie Library. The Chief Contracting Officer has determined that exercising this option is in the best interest of Events DC, fulfilling an existing need for security services. The bill includes certifications confirming that SAM is current with its tax obligations and that the funding for this contract is consistent with Events DC's approved fiscal year 2026 budget.