January 22, 2004 Resolutions

04-R-37

RESOLUTION

Concerning 2004 Bond Volume Cap

WHEREAS, the County of Cook, Illinois (the “County”) is a home rule unit under Subsection (a) of Section 6, Article VII of the Illinois Constitution of 1970; and

WHEREAS, there exists within the borders of the County a recognized need for decent, well-constructed and maintained affordable housing and the need for lower cost financing of business expansion to create and retain jobs; and

WHEREAS, the County is authorized under state law and the County’s home rule powers, among other purposes, (i) to issue revenue bonds (“Bonds”) to finance below market interest rate mortgage loans to individuals, (ii) to finance below market interest rate loans to businesses and other organizations to encourage the creation and retention of jobs and (iii) to issue mortgage credits certificates (“Certificates”) to provide housing assistance for qualified individuals; and

WHEREAS, the Internal Revenue Code of 1986, as amended (the “Code”) limits the amount of Bonds and Certificates that may be issued by the County on a tax-exempt basis under the Code; and

WHEREAS, the County desires to consider establishing and implementing 2004 Bond and Certificate programs with the allocation of its 2004 bond volume cap as defined in Section 146 of the Code (the “Volume Cap”) in the amount of $8,729,840.00; and

WHEREAS, pursuant to the Illinois Private Activity Bond Allocation Act (the “Act”), the County’s Volume Cap allocation may be ceded to the State of Illinois if it is not used or allocated to specific projects or purposes by April 30, 2004.

NOW, THEREFORE, BE IT RESOLVED, by the President and the Board of Commissioners of the County of Cook, Illinois (“Corporate Authorities”):

Section 1. Public Purpose. It is hereby found, determined and declared that the purpose of this Resolution is to take steps designed to reduce the cost of financing principal residences located in the County in order to provide decent, affordable housing for qualifying persons of low and moderate income; to provide below market interest rate loans to businesses and other organizations to create and retain jobs; and issue bonds for any other purpose allowed by law.

Section 2. Allocation of Volume Cap. The Corporate Authorities hereby authorize the allocation of the entire amount of the County’s Volume Cap for calendar year 2004 to a Single Family Mortgage Bond, a Mortgage Credit Certificate Program, an Industrial Revenue Bond Program, any combination thereof, or any other purpose allowed by law, to be approved by the Corporate Authorities.

Section 3. Approval of Further Actions. From and after the adoption of this Resolution, the proper officials, agents and employees of the County are hereby authorized, empowered and directed to do all such acts and things and to execute all such documents as may be necessary to carry out and comply with the provisions of this Resolution or to effectuate the purpose hereof.

Section 4. Effective Date. This Resolution shall be in full force and effect upon its passage and approval.

Approved and adopted this 22nd day of January 2004.

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04-R-38

RESOLUTION

WHEREAS, a Collective Bargaining Agreement for the period of December 1, 2001 through November 30, 2004 has been negotiated between the County of Cook/Sheriff of Cook County, as joint employers and the Metropolitan Alliance of Police, Chapter #201, representing Cook County Police Officers; and

WHEREAS, salaries and wages for this agreement have previously been approved by the Board of Commissioners.

NOW, THEREFORE, BE IT RESOLVED, that this union agreement be approved by the Board of Commissioners of Cook County.

Approved and adopted this 22nd day of January 2004.

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04-R-39

RESOLUTION

WHEREAS, a Collective Bargaining Agreement for the period of December 1, 2001 through November 30, 2004 has been negotiated between the County of Cook/Sheriff of Cook County, as joint employers and the Illinois Fraternal Order of Police Labor Council, representing Sheriff's Investigators, Department of Corrections; and

WHEREAS, salaries and wages for this agreement has previously been approved by the Board of Commissioners.

NOW, THEREFORE, BE IT RESOLVED, that this union agreement be approved by the Board of Commissioners of Cook County.

Approved and adopted this 22nd day of January 2004.

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04-R-40

RESOLUTION

WHEREAS, a Collective Bargaining Agreement for the period of December 1, 2001 through November 30, 2004 has been negotiated between the County of Cook/Sheriff of Cook County, as joint employers and the Illinois Fraternal Order of Police Labor Council, representing Sheriff's Investigators, Court Services; and

WHEREAS, salaries and wages for this agreement has previously been approved by the Board of Commissioners.

NOW, THEREFORE, BE IT RESOLVED, that this union agreement be approved by the Board of Commissioners of Cook County.

Approved and adopted this 22nd day of January 2004.

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04-R-41

RESOLUTION

WHEREAS, the Cook County Board of Commissioners has adopted a Real Property Assessment Classification 6b that provides an applicant a reduction in the assessment level for an industrial facility; and

WHEREAS, the County Board of Commissioners has received and reviewed an application from VIP III, LLC and the Resolution from Bridgeview for an abandoned facility located at 10004 South 76th Avenue, Bridgeview, Cook County, Illinois, Property Index Number 23-12-400-029-0000; and

WHEREAS, Class 6b requires the validation by the County Board of the shortened period of qualifying abandonment in cases where the industrial facility has been abandoned for less than 24 consecutive months upon purchase; and

WHEREAS, the Cook County Board of Commissioners has determined that the building was abandoned for two (2) months at the time of purchase and that special circumstances are present.

NOW, THEREFORE, BE IT RESOLVED, by the President and Board of Commissioners of the County of Cook, State of Illinois, that the President and Board of Commissioners indicate their approval for the filing of an application for a Cook County Real Estate Classification 6b abatement incentive to the company for an abandoned industrial facility located at 10004 South 76th Avenue, Bridgeview, Cook County, Illinois, under the provision for abandonment of less than 24 months; and

BE IT FURTHER RESOLVED, that the County Clerk is hereby authorized and directed to forward a certified copy of this Resolution to the Office of the Cook County Assessor.

Approved and adopted this 22nd day of January 2004.

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04-R-42

RESOLUTION

WHEREAS, the Cook County Board of Commissioners has the legal authority to authorize the opening and maintenance of checking and savings accounts at various banks; and

WHEREAS, the Taxpayer's Interest Assurance Ordinance requires all public funds in custody of elected and appointed public officials of Cook County to be invested in interest bearing accounts. Also, elected and appointed officials depositing funds exceeding the federally insured limits must require the depository to collateralize 110% of the excess amount; and

WHEREAS, the Office of the Public Administrator seeks to change signatories on the following interest bearing accounts established with Amalgamated Bank:

1. Compensation Account

2. Office Account

3. Reserve Fund Account

NOW, THEREFORE, BE IT RESOLVED, that the following is the name of the person who is authorized to deposit and/or withdraw funds from said accounts:

1. Michael Ian Bender, Public Administrator of Cook County

BE IT FURTHER RESOLVED, that the County Auditor be directed to audit the account of said institution at the close of each fiscal year or at anytime she sees fit, and to file report(s) thereon with the Cook County Board.

Approved and adopted this 22nd day of January 2004.

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04-R-43

RESOLUTION