Cook County Board of Commissioners Finance Committee - Departmental Budget Hearings
November 2, 21017
Land Bank Authority
Bureau of Asset Management
Commissioners Present: Daley,Moody, Deer, Simms, Gainer, Suffredin, Arroyo, Garcia, Boykin, Schneider, Tobolski
Commissioners Absent: Moore,Fritchey,Butler, Goslin, Silverstri,Morrison,
Since the Land Bank Authority (LBA) is mostly self funded there were few substantive questions. Lots of commissioners thanked the Director, Robert Rose, for his hard work and his successes. Comm. Gainer also received much thanks as she is one of the organizers of this authority.
The Land Bank Authority’s mission is to reduce abandoned and vacant properties in Cook County. It also aims to match properties that have been rehabbed with potential home buyers and /or developers. The Home Buyer Direct Programs has been very successful for first time home buyers.
Some highlights of Director Rose’s Presentation:
Commissioners Present for Bureau of Asset Management Presentation: Daley, Morrison, Silvestri, Boykin, Garcia, Moody, Suffredin, Deer, Moore, Simms, Gainer, Arroyo
Commissioners Absent: Goslin, Schneider,Butler, Fritchey,Tobolski
The Bureau of Assets Management reported on some of the same issues as the Capital Budget Dept. The main speaker again was Ann Kalayil , the Assets Manager. She was joined by Jessica Caffrey, the Real Estate Manager, and Earl Manning, the Director of Planning and Policy. All 3 answered questions, with Ann covering most of the material. This office is new. It was born in 2015 due to President Preckwinkle’s efforts. $260 million of assets are managed by this department. Some highlights of their presentation include:
Observer - Jan Goldberg
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