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PROPOSED ORDINANCE AMENDMENT
MODIFICATION TO LAND BANK
BE IT ORDAINED, by the Cook County Board of Commissioners that Part II, Land Development Ordinances, Chapter 103, Land Bank Authority, Division 2. Sections 103-28, 103-31 and 103-32 of the Cook County Code are hereby enacted amended as follows:
Division 2. Land Bank Authority Board of Directors and Staff
Sec. 103-28. Board of Directors actions.
The Board of Directors shall do all of the following not inconsistent with Illinois law:
(a) Adopt, amend and/or repeal rules and policies and procedures governing the Board of Directors and its actions and meetings, and adopt, amend and/or repeal policies and procedures to implement day-to-day operation of the Land Bank, including policies governing any staff of the Land Bank consistent with the policies of the Cook County Bureau of Human Resources;
(b) Elect additional officers, including, but not limited to, initial officers who shall be elected at the first meeting of the Board of Directors, in accordance with the bylaws;
(c) Provide for a system of accounting;
(d) Adopt or amend the Land Bank's budget to submit annually to the Cook County Board of Commissioners for approval and adoption in a time frame mandated by the Cook County Budget Director;
(e) Adopt, amend and/or repeal policies and procedures for contracting and procurement which must be consistent with the provisions set forth in the County's Code; provided, however, that approval of the County Board or County Procurement Officer is not required for procurement or contracts authorized by the Land Bank and the Board of Directors will act in place of the County Board in any contract, bylaws or agreement with the County which requires the approval or other action of the County Board unless expressly prohibited otherwise in this chapter and until such time as the Board of Directors adopts its own rules, regulations or procedures with regard to procurement and contracts, the existing p...
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