Board of Commissioners of Cook County - Meeting of Finance Committee on 7/18/2017 at 11:00 AM

17-3978

Mon, 30 Jan 2023 17:19:16 GMT

File #: 17-3978
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION A RESOLUTION CALLING FOR A MEETING OF THE FINANCE COMMITTEE TO LOOK INTO ALLEGED UNFAIRNESS IN COOK COUNTY’S PROPERTY TAX ASSESSMENT SYSTEM WHEREAS, Cook County is home to more than five million people and nearly two million properties, and WHEREAS, a recent series in the Chicago Tribune outlines practices that allegedly result in poor property owners overpaying because their properties are assessed at too high a level, and WHEREAS, that series also claims that the Cook County Assessor could use updated methods of assessing to ensure accuracy, and WHEREAS, Cook County should strive to treat all people equally, and WHEREAS, unfair assessments drive people out of their homes and harm communities, and WHEREAS, the Finance Committee would request that the Cook County Assessor appear before it on July 19. NOW, THEREFORE, BE IT RESOLVED by the President and Cook County Board of Commissioners that a meeting of the Finance Committee be called and the Cook County Assessor’s Office be prepared to brief the committee on this pressing issue.
Action: recommend for approval
Result: Pass

17-4135

Mon, 30 Jan 2023 17:19:16 GMT

File #: 17-4135
Ver.: 1
Agenda #:
Type: Resolution
Title: PROPOSED RESOLUTION REQUESTING A HEARING OF THE FINANCE COMMITTEE TO DISCUSS THE STATUTORY RESPONSIBILITIES OF THE OFFICE OF THE COOK COUNTY ASSESSOR WHEREAS, the Cook County Assessor is responsible for assessing 1.8 million parcels of real estate on an annual basis; and WHEREAS, the property valuation process of the Cook County Assessor is governed by the Illinois Constitution and Statutes; and WHEREAS, 35 ILCS 200/9-5 et. seq. sets the standards that the Cook County Assessor must follow when setting property values; and WHEREAS, state law requires the Cook County Assessor to establish rules to be followed in assessing property; and WHEREAS, Illinois court decisions have further governed property valuation and the admissibility of evidence in property tax litigation; and WHEREAS, the Cook County Assessor uses computer programs and other tools to set assessment levels; and WHEREAS, the Cook County Board of Commissioners provides the Cook County Assessor with a budget for staff and resources to properly assess all properties; and NOW, THEREFORE, BE IT RESOLV
Action: recommend for approval
Result: Pass

17-4154

Mon, 30 Jan 2023 17:19:16 GMT

File #: 17-4154
Ver.: 1
Agenda #:
Type: Ordinance
Title: PROPOSED ORDINANCE AN ORDINANCE PROVIDING FOR THE ISSUANCE OF SALES TAX REVENUE BONDS, SERIES 2017, OF THE COUNTY OF COOK, ILLINOIS; THE APPROVAL, EXECUTION AND DELIVERY OF A THIRD SUPPLEMENTAL INDENTURE: AND PROVIDING FOR OTHER MATTERS IN CONNECTION WITH THE ISSUANCE OF THE SERIES 2017 BONDS WHEREAS, pursuant to Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois (the “Illinois Constitution”), the County of Cook, Illinois (the “County”) is a home rule unit of local government and as such may exercise any power and perform any function pertaining to its government and affairs, including, but not limited to, the power to tax and to incur debt; and WHEREAS, the County may also exercise powers relating to the power to tax and to incur debt pursuant to the Counties Code, as supplemented and amended by the Local Government Debt Reform Act of the State of Illinois (collectively, the “Act”); and WHEREAS, the Board of Commissioners of the County (the “Corporate Authorities”) has not adopted any ordinance, resolution, order or motion or provided any Count
Action: recommend for approval
Result: Pass

17-4154

Mon, 30 Jan 2023 17:19:29 GMT

17-4125

Mon, 30 Jan 2023 17:19:16 GMT

File #: 17-4125
Ver.: 1
Agenda #:
Type: Ordinance
Title: PROPOSED ORDINANCE AN ORDINANCE PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS OF THE COUNTY OF COOK, ILLINOIS. WHEREAS, Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois provides that “a County which has a Chief Executive Officer elected by the electors of the County ... (is) a Home Rule Unit” and The County of Cook, Illinois (the “County”), has a Chief Executive Officer elected by the electors of the County and is therefore a Home Rule Unit and may, under the power granted by said Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois, as supplemented by the Local Government Debt Reform Act of the State of Illinois, as amended (the “Debt Reform Act”), and the other Omnibus Bond Acts, as amended, exercise any power and perform any function pertaining to its government and affairs, including, but not limited to, the power to tax and to incur debt; and WHEREAS, the County has the power to incur debt payable from ad valorem property tax receipts or from any other lawful source and maturing within 40 years fro
Action: recommend for approval
Result: Pass

17-4125

Mon, 30 Jan 2023 17:19:29 GMT

17-1888

Mon, 30 Jan 2023 17:19:16 GMT

File #: 17-1888
Ver.: 1
Agenda #:
Type: Contract Amendment
Title: PROPOSED CONTRACT AMENDMENT Department(s): Capital Planning and Policy Vendor: Johnson Controls, Inc., Arlington Heights, Illinois Request: Authorization for the Chief Procurement Officer to increase contract Good(s) or Service(s): Energy Conservation Measures Original Contract Period: 7/24/2012 - 7/23/2034 Proposed Contract Period Extension: N/A Total Current Contract Amount Authority: $26,497,854.00 Original Approval (Board or Procurement): 7/24/2012, $26,497,854.00 Previous Board Increase(s) or Extension(s): N/A Previous Chief Procurement Officer Increase(s) or Extension(s): N/A This Increase Requested: $3,461,593.00 Potential Fiscal Impact: FY 2017 $390,342.00, FY 2018 $149,510.00, FY 2019 $137,194.00, FY 2020 $139,960.00, FY 2021 $142,809.00, FY 2022 $145,740.00, FY 2023 $148,765.00, FY 2024 $151,879.00, FY 2025 $305,530.00, FY 2026 $158,388.00, FY 2027 $161,790.00, FY 2028 $165,292.00, FY 2029 $168,902.00, FY 2030 $172,619.00, FY 2031 $176,448.00, FY 2032 $180,391.00, FY 2033 $184,453.00, FY 2034 $188,636.00, FY 2035 $19
Action: recommend for deferral
Result: Fail

17-1888

Mon, 30 Jan 2023 17:19:29 GMT

17-1933

Mon, 30 Jan 2023 17:19:17 GMT

File #: 17-1933
Ver.: 1
Agenda #:
Type: Contract Amendment
Title: PROPOSED CONTRACT AMENDMENT Department(s): Capital Planning and Policy Vendor: NORESCO, LLC, Des Plaines, Illinois Request: Authorization for the Chief Procurement Officer to increase contract Good(s) or Service(s): Energy Conservation Measures Original Contract Period: 7/24/2012 - 10/13/2035 Proposed Contract Period Extension: N/A Total Current Contract Amount Authority: $34,228,000.00 Original Approval (Board or Procurement): 7/24/2012, $34,228,000.00 Previous Board Increase(s) or Extension(s): 6/10/2015, $1,665,000.00 Previous Chief Procurement Officer Increase(s) or Extension(s): N/A This Increase Requested: $2,744,551.00 Potential Fiscal Impact: FY 2017 $231,928.00, FY 2018 $104,912.00, FY 2019 $108,322.00, FY 2020 $111,842.00, FY 2021 $115,478.00, FY 2022 $119,230.00, FY 2023 $123,106.00, FY 2024 $127,106.00, FY 2025 $131,237.00, FY 2026 $135,503.00, FY 2027 $139,907.00, FY 2028 $144,453.00, FY 2029 $149,148.00, FY 2030 $153,996.00, FY 2031 $159,000.00, FY 2032 $164,168.00, FY 2033 $169,503.00, FY 2034 $175,012.00, FY 203
Action: recommend for deferral
Result: Fail

17-1933

Mon, 30 Jan 2023 17:19:29 GMT

17-1934

Mon, 30 Jan 2023 17:19:17 GMT

File #: 17-1934
Ver.: 1
Agenda #:
Type: Contract Amendment
Title: PROPOSED CONTRACT AMENDMENT Department(s): Capital Planning and Policy Vendor: NORESCO, LLC, Des Plaines, Illinois Request: Authorization for the Chief Procurement Officer to increase contract Good(s) or Service(s): Energy Conservation Measures Original Contract Period: 6/17/2015 - 1/9/2037 Proposed Contract Period Extension: N/A Total Current Contract Amount Authority: $11,386,016.00 Original Approval (Board or Procurement): 7/1/2015, $11,386,016.00 Previous Board Increase(s) or Extension(s): N/A Previous Chief Procurement Officer Increase(s) or Extension(s): N/A This Increase Requested: $889,007.00 Potential Fiscal Impact: FY 2018 $102,502.00, FY 2019 $31,314.00, FY 2020 $32,253.00, FY 2021 $33,221.00, FY 2022 $34,217.00, FY 2023 $35,244.00, FY 2024 $36,301.00, FY 2025 $37,390.00, FY 2026 $38,512.00, FY 2027 $39,668.00, FY 2028 $40,857.00, FY 2029 $42,083.00, FY 2030 $43,346.00, FY 2031 $44,647.00, FY 2032 $45,985.00, FY 2033 $47,365.00, FY 2034 $48,786.00, FY 2035 $50,250.00, FY 2036 $51,757.00, FY 2037 $53,309.00 Account
Action: recommend for deferral
Result: Fail

17-1934

Mon, 30 Jan 2023 17:19:29 GMT

17-1935

Mon, 30 Jan 2023 17:19:17 GMT

File #: 17-1935
Ver.: 1
Agenda #:
Type: Contract Amendment
Title: PROPOSED CONTRACT AMENDMENT Department(s): Capital Planning and Policy Vendor: NORESCO, LLC, Des Plaines, Illinois Request: Authorization for the Chief Procurement Officer to increase contract Good(s) or Service(s): Energy Conservation Measures Original Contract Period: 6/17/2015-4/20/2037 Proposed Contract Period Extension: N/A Total Current Contract Amount Authority: $32,833,402.00 Original Approval (Board or Procurement): 7/1/2015, $32,833,402.00 Previous Board Increase(s) or Extension(s): N/A Previous Chief Procurement Officer Increase(s) or Extension(s): N/A This Increase Requested: $1,176,150.00 Potential Fiscal Impact: FY 2018 $43,771.00, FY 2019 $45,084.00, FY 2020 $46,437.00, FY 2021 $47,830.00, FY 2022 $49,265.00, FY 2023 $50,743.00, FY 2024 $52,265.00, FY 2025 $53,833.00, FY 2026 $55,448.00, FY 2027 $57,112.00, FY 2028 $58,825.00, FY 2029 $60,590.00, FY 2030 $62,407.00, FY 2031 $64,280.00, FY 2032 $66,208.00, FY 2033 $68,194.00, FY 2034 $70,240.00, FY 2035 $72,347.00, FY 2036 $74,518.00, FY 2037 $76,753.00 Account
Action: recommend for deferral
Result: Fail

17-1935

Mon, 30 Jan 2023 17:19:29 GMT