COOK COUNTY NEIGHBORHOOD REVITALIZATION ACT AUTHORITY
BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 14 Cook County Neighborhood Revitalization Act Authority, Article I Sections 100-155 of the Cook County Code is hereby enacted as Follows:
ARTICLE I. - IN GENERAL
Sec. 14-100. - Short title.
Sec. 14-101. - Declaration.
Sec. 14-102. - Definitions.
Sec. 14-103. - Purpose.
Sec. 14-104. - Creation and legal status of CCNRA Authority.
Sec. 14-105. - Principal office.
Sec. 14-106. - Title to CCNRA Authority assets.
Sec. 14-107. - Tax-exempt status.
Sec. 14-108. - Waiver of special assessments.
Sec. 14-109. - Compliance with law.
Sec. 14-110. - No third-party beneficiaries.
ARTICLE II. - CCNRA AUTHORITY BOARD OF DIRECTORS AND STAFF
Sec. 14-112. - Cook County CCNRA Authority Board of Directors.
Sec. 14-113. - Appointment of members.
Sec. 14-114. - Term of office.
Sec. 14-115. - Chairperson/members of the board of directors.
Sec. 14-116. - Removal.
Sec. 14-117. - Vacancies.
Sec. 14-118. - Meetings.
Sec. 14-119. - Bylaws, and policies and procedures.
Sec. 14-120. - Quorum and voting.
Sec. 14-121. - Records of meetings.
Sec. 14-122. - Board of Directors responsibilities.
Sec. 14-123. - Board of Directors actions.
Sec. 14-124. - Fiduciary duty.
Sec. 14-125. - Compensation.
Sec. 14-126. - Executive Director.
Sec. 14-127. - Staffing services.
Sec. 14-128. - Ethics and oversight.
Sec. 14-129. - Indemnification.
ARTICLE III. - GENERAL POWERS OF CCNRA AUTHORITY
Sec. 14-130. - General powers.
Sec. 14-131. - No waiver of governmental immunity.
Sec. 14-132. - Non-discrimination.
ARTICLE IV. - REAL PROPERTY ACQUISITION, MANAGEMENT AND DISPOSITION
Sec. 14-133. - Acquisition of real property.
Sec. 14-134. - Construction Contracts for New Homes on Real Property
Sec. 14-135. - Execution of legal documents relating to property.
Sec. 14-136. - Holding and managing property.
Sec. 14-137. - Property disposition.
Sec. 14-138. - Criteria for conveyance.
Sec. 14-139. - Transactions.
Sec. 14-140. - Disposition of proceeds.
ARTICLE V. - INTERGOVERNMENTAL AGREEMENTS
Sec. 14-141. - Intergovernmental agreements.
ARTICLE VI. - BOOKS, RECORDS, FINANCES AND EXPENDITURES
Sec. 14-142. - CCNRA Authority records.
Sec. 14-143. - Financial statements and reports.
Sec. 14-144. - Annual budget.
Sec. 14-145. - Deposits and investments.
Sec. 14-146. - Disbursements.
Sec. 14-147. - Performance objectives.
Sec. 14-148. - Annual report.
Sec. 14-149. - Management of funds.
Sec. 14-150. - Authorized expenditures.
ARTICLE VII. - DISSOLUTION, DISTRIBUTION OF ASSETS
Sec. 14-151. - Dissolution.
Sec. 14-152. - Distribution of assets.
ARTICLE VIII. - MISCELLANEOUS
Sec. 14-153. - Interpretation of ordinance.
Sec. 14-154. - Severability of provisions.
Sec. 14.155. - Terminology.
Effective date: This ordinance shall be in effect immediately upon adoption.
THE FULLTEXT OF THIS ORDINANCE CAN BE FOUND AT: <http://tinyurl.com/hfx83ln>