Metropolitan Water Reclamation District (MWRD) Board Meeting
February 6, 2020
Primary Topic Discussed:
State of Illinois 2020 Legislation Program (Agenda Item 20-0053)
Legislative Initiative #1 of State of Illinois 2020 Legislation Program was unanimously approved. This will amend the District’s act to allow the Board of Commissioners to transfer excess revenue from any source legally available to the pension fund. Currently, there is only statutory authority to transfer property tax and interest income. An example would be if TIF surplus funds were redistributed. These could be transferred to the pension fund. The initiative would provide the Board with flexibility in utilizing excess revenue. A two thirds vote would be required for such action.
Legislative Initiative #2 - was separated from the original agenda item. This initiative would amend the District Act to extend the right to vote for the Board of Commissioners to all registered voters in Cook County. Currently, only voters within the corporate boundaries of the District have this right. The District has legislative authority for stormwater management throughout Cook County. Rationale: to bring the District political boundaries into line.
Other Board Activity:
The MWRD Executive Director gave the quarterly report for the Retirement Fund. (Agenda Item 20-0126)
Observer - Georgia Gebhardt Meeting Length: 2 hours
Individual authors are credited at the end of each report.