Lake County Illinois - File #: 22-1023

• File #: 22-1023
• Version: 1
• Name: Lake County Partners Agreement
• Type: resolution
• Status: Passed
• File created: 7/18/2022
• In control: Financial & Administrative Committee
• Final action: 8/9/2022
• Title: Resolution authorizing a professional services agreement with Lake County Partnership for Economic Development, Inc. "Lake County Partners" (LCP), Lincolnshire, Illinois, to provide economic development products and services in Lake County in an amount not to exceed $387,000 annually with yearly renewal options.

Date	Ver.	Action By	Action	Result
8/9/2022	1	Lake County Board	adopted	Pass
8/4/2022	1	Financial & Administrative Committee	recommended for adoption to the regular agenda	Pass

Title
Resolution authorizing a professional services agreement with Lake County Partnership for Economic Development, Inc. "Lake County Partners" (LCP), Lincolnshire, Illinois, to provide economic development products and services in Lake County in an amount not to exceed $387,000 annually with yearly renewal options.

Staff Summary
* LCP has been the official economic development organization for Lake County since its founding in 1998.
* The current five-year contract with LCP expires on November 30, 2022.
* The new contract is a one-year contract with four one-year extensions.
* Funding for the professional service agreement with LCP is subject to annual budgetary appropriations and an evaluation of the effectiveness of LCP in achieving the County's economic development objectives.
* Pursuant to Section 33.066 of Lake County's Purchasing Ordinance, the Purchasing Agent consulted with an ad hoc review group that approved a bid exemption on the basis of an existing long standing, successful relationship.

Body
RESOLUTION

WHEREAS, LCP has been the official economic development organization for Lake County since its founding in 1998; and

WHEREAS, section 55 of the Illinois Compiled Statutes (ILCS) 5/5-1005 (21), authorizes the County to appropriate and expend funds from the county treasury for economic development purposes, including the making of grants to any other governmental entity or commercial enterprise deemed necessary or desirable for the promotion of economic development in the county; and

WHEREAS, the professional agreement provides for a one-year agreement with four one-year renewals; and

WHEREAS, funding for the professional service agreement is provided in the FY2023 budget and is subject to annual budgetary appropriations and an evaluation of the effectiveness of LCP in achieving the County's economic development objectives; and

WHEREAS, pursuant to Section 33.066 of the Lake County Purchasing Ordinance, the Purchasing Agent consulted with ...