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PROPOSED PAYMENT APPROVAL
Department(s): Cook County Assessor’s Office
Action: Payment Only
Payee: Trepp, LLC, New York, New York
Good(s) or Service(s): Subscription Services - Additional Advisory Services
Fiscal Impact: $50,000.00
Accounts: 11000.1040.15050.531690.00000.00000
Contract Number(s): 1925-17801
Summary: Request for payment only for COVID loss reports to be provided by Trepp Advisory Services. These proposed reports are outside of the scope of work of the executed contract, but will be crucial in assisting the CCAO in developing market data analysis to assist with our 2020 valuation process. The work will help CCAO understand the COVID impact on valuations and will assist in our initiative to address the issue across all of Cook County. The CCAO will also begin to actively work with Trepp and the OCPO to include these invaluable reports in the scope of work once we begin the process to amend our current contract with Trepp later on the year.
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