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PROPOSED ORDINANCE AMENDMENT
LAND BANK AUTHORITY
BE IT ORDAINED, by the Cook County Board of Commissioners that Part II, Land Development Ordinances, Chapter 103, Land Bank Authority, Division 2. Sections 103-17, 103-18, 103-19. Sections, 103-27 and Division 6. Section 103-64 of the Cook County Code are hereby amended as follows:
Division 2. 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 17 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 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;
(m) One representative from the legal community; and
(n) One representati...
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