https://cook-county.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6633300&GUID=9B100302-DE12-451F-9D6A-CCC835523AB9Legistar15https://cook-county.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6633300&GUID=9B100302-DE12-451F-9D6A-CCC835523AB99B100302-DE12-451F-9D6A-CCC835523AB9-2024-04-23-19-45-55Title: PROPOSED RESOLUTION A RESOLUTION APPROVING A THIRD AMENDMENT TO THAT CERTAIN REVOLVING LINE OF CREDIT AND BUDGET TRANSFER FOR THE COOK COUNTY LAND BANK AUTHORITY 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 eviTue, 23 Apr 2024 19:45:55 GMT