03-O-33

ORDINANCE

Sponsored by

THE HONORABLE LARRY SUFFREDIN, COUNTY COMMISSIONER

 

ASSUMED BUSINESS NAME FILING FEES FOR THE COUNTY CLERK

 

WHEREAS, the County Clerk is responsible for the filing of certificates under the Assumed Business Name Act, 805 ILCS 405/0.01 et seq.; and

 

WHEREAS, the fee for filing such certificates has remained unchanged for over 50 years at $5.00, an amount that would be over $60.00, if it were indexed by the Consumer Price Index; and

 

WHEREAS, approximately 7000 such certificates are filed each year, generating approximately $35,000 in revenue; and

 

WHEREAS, it costs the County Clerk much more than $5.00 apiece to handle the filing of such certificates, which require the time of 2.5 full-time-equivalent employees and .5 full-time-equivalent supervisors and at least $25,000 in non-personnel costs, as well as Facilities Management, MIS, Central Services and other county services; and

 

WHEREAS, for comparable services, the Secretary of State of Illinois charges $90.00 for the registration of an assumed name by a limited partnership, and $25.00 to register and $30.00 to renew an assumed name for a corporation; and

 

WHEREAS, Cook County is a Home Rule county under Art. VII, Sec. 6(a) of the Illinois Constitution of 1970, and is empowered to set fees for the services it renders.

 

NOW, THEREFORE, BE IT ORDAINED AS FOLLOWS:

 

Section 1.  The County Clerk shall charge and collect a fee of $25.00 $50.00 for the filing of a certificate of an assumed business name.

 

Section 2.  This Ordinance shall take effect as of December 1, 2003.

 

Approved and adopted this 18th day of November 2003.