The Financial Administrative Committee (FAC) of Lake County, Illinois, met on Thursday, August 28, 2025, at 8:30 AM. Chair Frank was absent; Vice Chair Park presided. The meeting included a quarterly economic development update, approval of a contract modification for the DeKoven Juvenile Center electrical project, discussion of the estimated 2025 tax levy, and a detailed conversation about the use of $7.5 million in Monsanto settlement funds.
Quarterly Economic Development Update (Item 8.4): Kevin Considine, President/CEO of Lake County Partners, reported several wins:
Contract Modification for DeKoven Juvenile Center (Item 8.5): Carl Carrar, Director of Facilities and Construction Services, presented a modification for $299,754.71 to address:
Estimated Tax Levy FY2025 (Item 8.6): County Administrator Patrice Sutton explained that state law requires an estimated levy in September. The maximum increase under Property Tax Extension Limitation Law (PTELL) is 2.9%. The FY2026 budget development policy requires balancing with only half of that (1.45%). Staff recommended presenting the estimated levy at the maximum 2.9% as the most transparent approach, noting the actual levy can be reduced in November. The committee concurred.
Monsanto Settlement Funds (Item 8.7): Deputy County Administrator Matt Myers presented. Lake County received $7.5 million (the maximum allowable) from a nationwide class-action settlement over PCB contamination. Funds are currently in the general fund with no explicit use restrictions. Staff proposed reserving $2 million for superfund site cleanup and site preparation tied to economic development opportunities. The remaining $5.5 million would be held for future discussion.
Grocery Tax Discussion (Item 8.8): Staff presented that the state eliminated its 1% grocery tax effective January 1, 2026, but allowed local governments to impose it locally. Lake County currently budgets $6 million in municipal 1% sales tax from unincorporated areas, but only $155,000 of that is from grocery/food items. Staff recommended not implementing the local tax due to the small revenue and regressive nature. The committee agreed unanimously to take no action, allowing the current tax to expire at year-end.
I'd like to call the Financial Administrative Committee meeting to order today is Tuesday or Tuesday, Thursday, August 28th at 8 30 AM. In addition to being available to attend in person, remote attendance has been made available to the public via Zoom at the link on the agenda. This meeting is being recorded through Zoom. I don't believe any members are joining via Zoom today. Nope. All right. So we will go to item number two, which is the Pledge of Allegiance. If I can ask Member Maine to join me. For which it's been one nation under the Investors for All. Thank you. May I have a roll call of members, please? Yes. Member Clark. Chair Frank is absent. Member Hewitt. Member Maine. Present. Vice Chair Park. Here. Member Peterson. Member Volitzek. All right. Let it be shown that we have a quorum. Are there any addenda to the agenda today? No, there's not. All right. Public comment as part of our meeting agenda. Public comment was invited through person and in remote attendance and also in writing. Do we have any public comments for today? No public comments. All right. Six is chair's remarks. I don't have any remarks. So then welcome everyone. Excited for today's agenda. Do we have any unfinished business? No unfinished business. All right. Let's go to new business. Uh item 81283, our consent agenda. I can take those all together. Right. May I have a motion? Motion from Member Clark, second by member Hewitt. All those in favor say aye. Aye. Any opposed? The motion passes. We'll move now to our regular agenda. 8.4 is a quarterly update from the president CEO of Lake County Partners, Kevin Considine.