Title
Resolution authorizing the execution of a professional service agreement with Lake County Partners, Lincolnshire, IL to represent Lake County in matters pertaining to economic development in the annual amount of $387,000.
Staff Summary
· The Lake County Board created the Lake County Partners (LCP) in 1998 to represent the County in matters pertaining to economic development.
· The professional service agreement provides for a two-year agreement, subject to annual budgetary appropriations and an evaluation of the effectiveness of LCP in achieving the County's economic development objectives, with three optional one year renewals.
· The professional service agreement is in the amount of $387,000 annually.
Body
WHEREAS, the Lake County Board created Lake County Partners (hereafter referred to as "LCP") with a joint resolution dated January 13, 1998, which authorized LCP to represent Lake County in matters pertaining to economic development; and
WHEREAS, the professional agreement provides for a two year agreement, with three optional one year renewals; and
WHEREAS, funding for the professional service agreement is subject to annual budgetary appropriations and an evaluation of the effectiveness of LCP in achieving the County's economic development objectives; and
NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that the County Board Chairman is authorized to enter into a professional service agreement with Lake County Partners, to represent Lake County in matters pertaining to economic development in the amount of $387,000 charged to account # 101-1102030-72730-000-000-000-00000.
DATED at Waukegan, Illinois, on October 9, 2012.