Title
Resolution approving Proposed Bylaw Changes for the Lake County Affordable Housing Commission.
Staff Summary
· The Affordable Housing Commission of Lake County (AHC) requests approval to change certain items of the current Bylaws of the Lake County Affordable Housing Commission (“Commission”).
· The HCS Committee has been provided follow-up information, requested at the April 7, 2009 meeting, related to the requested changes and their rationale. See attached documents.
· AHC is requesting approval to:
o Change the Commission’s general power “to appoint a minimum of a simple majority of members” and allow the Commission “to appoint a minimum of 25% and a maximum of 49% of the AHC Board of Directors”. This would remove the Commission’s Instrumentality of Government status allowing AHC to apply for certification as a Community Development Financial Institution (CDFI).
o Eliminate the Commission’s Public Education and Advocacy and Legislative Affairs committees.
o Change the Commission’s goals that specify work plans related to public education and legislative activities.
Body
WHEREAS, the Lake County Board created the Lake County Affordable Housing Commission in November of 1991 with a five (5) year term; and
WHEREAS, the Lake County Board has subsequently extended the Affordable Housing Commission for four additional five (5) year terms; and
WHEREAS, Bylaws of the Affordable Housing Commission were adopted in November of 1992 and were subsequently amended in December of 1994 and June 2006; and
WHEREAS, the Affordable Housing Commission has now recommended, after much study and discussion, that the Bylaws be updated and revised.
NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that it accepts and approves the revised Bylaws as attached hereto; and
BE IT FURTHER RESOLVED, that the attached document is hereby made a part of this Resolution and a certified copy of this Resolution shall be transmitted to the County A...
Click here for full text