File #: 18-6965    Version: 1 Name: CRITERIA FOR CONVEYANCE
Type: Ordinance Amendment Status: Approved
File created: 11/8/2018 In control: Board of Commissioners
On agenda: 11/14/2018 Final action: 11/14/2018
Title: PROPOSED ORDINANCE AMENDMENT CRITERIA FOR CONVEYANCE BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 103 Land Bank Authority, Article IV Real Property Acquisition, Management and Disposition, Section 103-53 of the Cook County Code is hereby amended as Follows: Sec. 103-53. Criteria for conveyance. Real Property shall be conveyed by the Land Bank in accordance with this Ordinance and according to criteria determined in the discretion of the Board and contained in the policies and procedures adopted by the Board. The Board may adopt policies and procedures that set forth priorities for a transferee's use of Real Property conveyed by the Land Bank, including, but not limited to, affordable housing. The Land Bank shall not convey Real Property to any Land Bank or County employee or their immediate family members. Effective date: This ordinance shall be in effect immediately upon adoption
Sponsors: RICHARD R. BOYKIN

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PROPOSED ORDINANCE AMENDMENT

 

CRITERIA FOR CONVEYANCE

 

BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 103 Land Bank Authority, Article IV Real Property Acquisition, Management and Disposition, Section 103-53 of the Cook County Code is hereby amended as Follows:

 

Sec. 103-53.  Criteria for conveyance.

 

Real Property shall be conveyed by the Land Bank in accordance with this Ordinance and according to criteria determined in the discretion of the Board and contained in the policies and procedures adopted by the Board. The Board may adopt policies and procedures that set forth priorities for a transferee's use of Real Property conveyed by the Land Bank, including, but not limited to, affordable housing. The Land Bank shall not convey Real Property to any Land Bank or County employee or their immediate family members.

 

Effective date:  This ordinance shall be in effect immediately upon adoption

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