Title
Resolution adopting a revised fee for the Recorder Automation Fund.
Staff Summary
* At the request of the Financial and Administrative Committee, the Lake County Finance and Administrative Services Department reviews and recommends fee updates on an ongoing basis. Due to the impact of fee changes on the Lake County Recorder of Deeds office, fees associated with that office are seldom changed.
* The Lake County Recorder of Deeds office, in coordination with Lake County Finance and Administrative Services Department, completed a study of the costs associated with administering the services that are funded by Recorder Automation Fee.
* The study indicated that Recorder Fees have not been adjusted since Fiscal Year 2004-2005.
* In August, Governor Rauner signed House Bill 3036 (which becomes Public Act 100-0271) that is effective January 1, 2019 and eliminates any surcharges on top of base recording fees and reduces Lake County's fee income by an estimated $900,000.
* Based on the results of this study, it is recommended by the Lake County Recorder of Deeds office and the Finance and Administrative Services Department that the Recorder Automation Fee be increased from $10 to $15.
* The recommended increase, which would take effect on December 1, 2017, is estimated to generate $500,000 annually based on 100,000 documents recorded per year.
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RESOLUTION
WHEREAS, the Recorder Automation Fund is funded by a $10 fee collected from citizens who record documents; and
WHEREAS, Lake County Recorder Automation Fee has not been raised since November of 2004; and
WHEREAS, proceeds from the dedicated Recorder Automation Fee are used to improve the services of the Recorder of Deeds through the application of appropriate technology, and
WHEREAS, a fee study analysis was performed by the Finance Department regarding the costs associated with the Recorder Automation Fee; and
WHEREAS, based on the findings, the Recorder Automation Fee was recommended to be inc...
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