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PROPOSED RESOLUTION
AUTHORIZING EXECUTION OF AN INTERGOVERNMENTAL AGREEMENT FOR COOPERATION ACTIVITIES RELATED TO BROWNFIELDS REDEVELOPMENT AND INTERMODAL PROMOTION ACT AND IDENTIFYING MANAGING PARTNER
WHEREAS, it is determined that it is in the best interest of the citizens of the County and State of Illinois to: incentivize the remediation and re-use of brownfield sites to leverage existing intermodal freight terminals and capitalize on current trends in international trade routes; improve and protect the natural environment; and encourage the hiring of minority and other historically disadvantaged individuals and those individuals who reside in high unemployment communities; and
WHEREAS, the Brownfields Redevelopment and Intermodal Promotion Act (20 ILCS 607/1, et seq.) was enacted to facilitate the remediation and productive re-use of brownfields in industrial zoned sites adjacent to the Canadian National and Union Pacific intermodal freight yards in south suburban Cook County; and
WHEREAS, the State of Illinois Brownfields Redevelopment and Intermodal Promotion Act ("the Act") provides for the creation of South Suburban Brownfields Redevelopment Zone ("Zone") and South Suburban Brownfields Redevelopment Fund ("Fund"); and
WHEREAS, the Act further provides that the County shall select a Managing Partner, as defined by Section 3-10 of the Act, either by appointment by the President of the Board of Commissioners of Cook County or a duly created instrumentality of the County, which is authorized by the County to undertake or enter into development agreements with third parties to undertake activities necessary for the redevelopment of parcels designated under the Act as part of the Zone;
WHEREAS, the County issued RFQ 1625-15711 and the County's evaluation Committee recommended Chicago Southland Economic Development Corporation to serve as the County's Managing Partner;
WHEREAS, the Managing Partner is required to negotiate and sign an agreement...
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