title
PROPOSED ORDINANCE AMENDMENT
ORDINANCE AMENDING THE COOK COUNTY LAND BANK AUTHORITY
BE IT ORDAINED, by the Cook County Board of Commissioners that Part II, Land Development Ordinances, Chapter 103, Land Bank Authority, Article II Land Bank Authority Board of Directors and Staff, Sections 103-17 through 103-19 of the Cook County Code are hereby enacted as follows:
ARTICLE II. LAND BANK AUTHORITY BOARD OF DIRECTORS AND STAFF
Sec. 103-17. Cook County Land Bank Board Of Directors.
The Land Bank shall be governed by a Board of Directors that shall be appointed by the President, subject to approval by the Cook County Board of Commissioners, within 45 days of the adoption of this Ordinance. Board of Directors shall be residents of Cook County. The Board of Directors shall consist of 15 16 members.
Sec. 103-18. Appointment of members.
Candidates for the Board of Directors appointed by the President shall be selected from the following categories.
(a) One Cook County Commissioner to serve as an Ex-Officio Member with voting rights. The Ex-Officio Member shall serve as a liaison between the County Board and the Board of Directors;
(b) Three Suburban Cook County Mayors, Presidents or Village Managers;
(c) One representative from the City of Chicago as recommended by the Mayor of the City of Chicago;
(d) One representative from the Cook County Bureau of Economic Development;
(e) One representative from a community development finance institution;
(f) One representative from the banking community;
(g) One representative from a local or state Realtor Association;
(h) One representative from the non-profit housing development community;
(i) One representative from the commercial/industrial development community;
(j) One representative from the open space community;
(k) One representative from a City of Chicago community organization;
(l) One representative from a Suburban Cook County community organization; and
(m) One representative from the legal community.
(n) One representative with commercial retail development experience.
Sec. 103-19. Term of office.
Except as otherwise provided in this section, the members of the Board of Directors appointed under Section 103-18 shall be appointed for a term of three years.
(a) Ex-officio member. The ex-officio member shall be the appointed Cook County Commissioner who shall serve as the ex-officio member for the length of the Commissioner's term.
(b) The remaining members. The remaining 14 15 members of the Board of Directors shall serve terms as follows:
1. For the initial members:
a. Four of the members, subject to the approval of the County Board, shall serve a term that expires on January, 1, 2014.
b. Four of the members, subject to the approval of the County Board, shall serve a term that expires on January, 1, 2015.
c. Three of the members, subject to the approval of the County Board, shall serve a term that expires on January, 1, 2016.
d. Three Four of the members, subject to the approval of the County Board, shall serve a term that expires on January 1, 2017.
2. Thereafter, the members other than the ex-officio member appointed shall serve a term of three years.
a. Each member, whether initial or subsequent, shall serve until a successor is appointed.
b. Any member who is appointed to fill a vacancy, other than a vacancy caused by the expiration of the predecessor's term, shall serve until the expiration of his or her predecessor's term.
3. Other than the Ex-Officio Commissioner, a member may not serve more than two consecutive full terms.
***
Effective date: This ordinance shall be in effect immediately upon adoption.end