Board of Commissioners of Cook County - File #: 19-4589

• File #: 19-4589
• Version: 2
• Name: AMEND THE COMMERCIAL PAYOR ENHANCED PROCESSING FEE ORDINANCE
• Type: Ordinance Amendment
• Status: Approved
• File created: 7/11/2019
• In control: Finance Committee
• On agenda: 7/25/2019
• Final action: 9/5/2019
• Title: PROPOSED SUBSTITUTE FOR ITEM #19-4589 A PROPOSED ORDINANCE TO AMEND AN AMENDMENT TO THE COMMERCIAL PAYOR ENHANCED PROCESSING FEE ORDINANCE THE COMMERCIAL PAYOR ENHANCED PAYMENT PROCESSING FEE WHEREAS, Cook County (the "County") is a home rule unit of local government pursuant to Article VII, Section 6(a) of the 1970 Illinois Constitution, and as such, may exercise any power and perform any function pertaining to its government and affairs; and WHEREAS, the efficient and effective operation of the Cook County Treasurer's Office ("CCTO") pertains to the County's government and affairs; and WHEREAS, a core statutory function of the Cook County Treasurer's Office ("CCTO")CCTO is to post payments twice annually to approximately 1.8 million Property Index Numbers, and to maintain auditable business records with regard to such payments; and WHEREAS, mortgage lenders, as hereinafter defined, continue to make erroneous payments, duplicate payments, and overpayments to the CCTO, causing...
• Sponsors: JOHN P. DALEY, BRIDGET GAINER, PETER N. SILVESTRI, DEBORAH SIMS, LARRY SUFFREDIN, DONNA MILLER, JEFFREY R. TOBOLSKI

Date	Ver.	Action By	Motion	Result
9/5/2019	1	Board of Commissioners	approve as substituted	Pass
9/4/2019	1	Finance Committee	accept as substituted	Pass
9/4/2019	1	Finance Committee	recommend for approval as substituted	Pass
7/25/2019	1	Board of Commissioners	refer	Pass

title
PROPOSED SUBSTITUTE FOR ITEM #19-4589

A PROPOSED ORDINANCE TO AMEND AN AMENDMENT TO THE COMMERCIAL PAYOR ENHANCED PROCESSING FEE ORDINANCE

THE COMMERCIAL PAYOR ENHANCED PAYMENT PROCESSING FEE

WHEREAS, Cook County (the "County") is a home rule unit of local government pursuant to Article VII, Section 6(a) of the 1970 Illinois Constitution, and as such, may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, the efficient and effective operation of the Cook County Treasurer's Office ("CCTO") pertains to the County's government and affairs; and

WHEREAS, a core statutory function of the Cook County Treasurer's Office ("CCTO")CCTO is to post payments twice annually to approximately 1.8 million Property Index Numbers, and to maintain auditable business records with regard to such payments; and

WHEREAS, mortgage lenders, as hereinafter defined, continue to make erroneous payments, duplicate payments, and overpayments to the CCTO, causing the CCTO to expend large sums of taxpayers' dollars and other County resources to correct such erroneous payments, duplicate payments, and overpayments; and

WHEREAS, the continued creation, enhancement, redesign, and upgrade of the existing core information technology systems would yield substantial additional operational efficiencies, cost reductions, and improved functionalities and services, including but not limited to:

(1) reducing erroneous payments, duplicate payments, and overpayments made on Property Index Numbers, by mortgage lenders, as hereinafter defined, with the goal of eliminating such erroneous payments, duplicate payments, and overpayments; and

(2) enabling the electronic exchange of historical real property tax payment, assessment, exemption, tax sale, and bankruptcy information, as well as the identification of properties subject to the Illinois Senior Citizens Real Estate Tax Deferral Act, to mortgage lenders; and

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