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File #: 17-1347    Version: 1 Name: COOK COUNTY NEIGHBORHOOD REVITALIZATION ACT AUTHORITY
Type: Ordinance Status: Held / Deferred in Committee
File created: 1/23/2017 In control: Finance Committee
On agenda: 2/8/2017 Final action:
Title: PROPOSED ORDINANCE 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 t...
Sponsors: RICHARD R. BOYKIN
Attachments: 1. 17-1347 Full Text
Related files: 17-1694

title

PROPOSED ORDINANCE

 

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>

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