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File #: 20-3797    Version: 1 Name: Trepp, LLC, New York, New York
Type: Payment Approval Status: Approved
File created: 8/18/2020 In control: Board of Commissioners
On agenda: 9/24/2020 Final action: 9/24/2020
Title: 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.
Indexes: FRITZ KAEGI, Cook County Assessor

title

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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