https://cook-county.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8132015&GUID=12C4F050-CA82-4C74-B5AE-B563CD164E58Legistar15https://cook-county.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8132015&GUID=12C4F050-CA82-4C74-B5AE-B563CD164E5812C4F050-CA82-4C74-B5AE-B563CD164E58-2026-07-10-00-55-13Title: PROPOSED RESOLUTION REVOLVING LINE OF CREDIT EXTENSION FOR COOK COUNTY LAND BANK WHEREAS, the Cook County Land Bank Authority (“CCLBA”) is authorized under its enabling ordinance, Chap. 103, Art. 1, Sec. 103-1, et seq., of the Cook County Code of Ordinances (“Ordinance”) to use available resources to facilitate the return of vacant, abandoned and tax-delinquent properties to productive use thereby combating community deterioration, creating economic growth and stabilizing the housing and job market, and WHEREAS, pursuant to Section 103-41(f) of the Ordinance, CCLBA has authority to borrow money from private lenders, subject to the approval of the County Board, to further or carry out CCLBA’s public purpose by executing leases, trust indentures, trust agreements, agreements for the sale of notes, loan agreements, mortgages, deeds to secure debt, trust deeds, security agreements, assignments, and such other agreements or instruments as may be necessary or desirable in the judgment of CCLBA, to evidence and to provide security for such borrowing; and WHEREAS, pursuant to SFri, 10 Jul 2026 00:55:13 GMT