The Committee of the Cook County Board met on September 23, 2026, at 5:15 PM. The primary action taken was the approval of a $500,000 line of credit for the Cook County Land Bank Authority. The item number was corrected from 26-1899 to 26-1849 during the proceedings. Commissioner Gaynor provided an explanation of the purpose and use of the line of credit.
Committee of the Cook County Board will recamp. And the motion on the floor is on the floor is to approve item number 26 1899. It was moved by Commissioner Brittan seconded by Commissioner Anaya. Chairman, that number is 26, 18, 48. I'm sorry, one yes, 1840. I'm sorry. 1849. On the motion, I please add commit Commissioner Gaynor to the roll call. Yes, sir. Commissioner Gaynor, you're on. Thank you very much. Um colleagues, this is a Commissioner Gaynor. Yep. Can you hear me, John? Yes. Yeah. Okay. Colleagues, this is a um a consideration of the line of credit for the land bank. It's a $500,000 line of credit. It's used by the land bank really for timing purposes, especially because as many of you know how real estate closings work. There's sometimes a timing difference in the need to close and when we get the final payment from the controller's office. So it's uh it's just used to create some liquidity when there's a deadline for closing. And you know, you may recall it used to be a lot larger. We've reduced it. Jessica's done a phenomenal job of you know, kind of financial management there, but there are times where speeds of the essence. So if you would consider an aye vote, that's the purpose of the letter of credit. Any questions on this item? If not, the motion is to approve roll call. Chairman, is the item is to approve 26 1849. Commissioner Aguilar, your vote? Aye. Commissioner Aguilar is aye. Commissioner Naya. Aye. Thank you. Commissioner Britton. Aye. Previous votes were all aye. Commissioner Degnan. Is absent. Commissioner Gaynor, your vote, ma'am. My vote is aye. Commissioner Gaynor is aye. Commissioner Laurie is excused. Commissioner McCasco. Commissioner McCaskill is aye. Commissioner Midler. Miller is aye. Can you add me to the previous uh rolls? Commissioner Miller is aye.