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PROPOSED RESOLUTION
ASSET MARKETING COMMITTEE POLICIES AND PROCEDURES APPROVAL
WHEREAS, the Cook County Board of Commissioners (“Board of Commissioners”) adopted and the Cook County Board President signed the Asset Marketing Ordinance, No. 14-O-5643 which authorizes, inter alia (1) the Chief Financial Officer to develop and implement an Asset Marketing Program (“Program”) regarding the assets under the authority and control of the President, with the support of a Program Manager selected through a competitive procurement; and (2) authorizes the other separately elected Cook County officials to join in said Program by agreement, with respect to assets under their authority and control; and
WHEREAS, said Asset Marketing Ordinance codified at Section 2-321 of the Cook County Code of Ordinances further establishes an Asset Marketing Program Committee (“Committee”); and
WHEREAS, said Asset Marketing Ordinance requires and authorizes the Committee to promulgate rules, policies, procedures, restrictions, and guidelines (“Asset Marketing Policies and Procedures”) to protect the interests of the County and its taxpayers and residents relative to an asset marketing program; and
WHEREAS, the Asset Marketing Policies and Procedures so promulgated by the Committee have been presented to the Board of Commissioners; and
WHEREAS, as provided in the Asset Marketing Policies and Procedures, the Asset Marketing Committee desires that said Asset Marketing Policies and Procedures, and any amendments thereto have no effect until such time as they are approved by the Board of Commissioners through resolution;
NOW, THEREFORE, BE IT RESOLVED, that the Board of Commissioners does hereby approve the Asset Marketing Policies and Procedures attached hereto.
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