The bill proposes the exercise of Option Year Four 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, 2026, to September 30, 2027, with a not-to-exceed amount of $3,272,102.88. This follows the previous approvals for the base term and three option years, which were granted by the Council of the District of Columbia in prior years.

The contract aims to ensure continuous security services at the convention center and on an as-needed basis for special events at the library. The Chief Contracting Officer has determined that exercising this option is in the best interest of Events DC, and the funding for this contract is certified to be consistent with Events DC's approved fiscal year 2027 budget. The resolution for this contract modification requires approval from the Council of the District of Columbia.