Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Resolution 25 21 topic
No spam. Unsubscribe anytime.
Cook County HRA adopts Resolution 25‑21 to preserve loan‑extension option amid Birchwood closing
Summary
The HRA adopted Resolution 25‑21 to allow extension of a loan closing until Jan. 31 if needed; staff reported the related Birchwood closing had occurred earlier that day but commissioners approved the resolution as a precaution by voice vote.
The Housing and Redevelopment Authority adopted Resolution 25‑21 on Dec. 17 to authorize an extension — through Jan. 31 — to provide auditors comfort if a referenced loan closing did not complete on schedule.
Jeff Corey explained the measure was a ‘belt and suspenders’ action intended to reassure the auditor after Dakota Solar (referenced in discussion) requested the extension; board members noted that the closing on the Birchwood transaction was reported to have occurred earlier that morning, but agreed to pass the resolution as a contingency.
The resolution was moved and seconded and approved by voice vote. The motion was described as procedural and intended to preserve the authority to extend the auditor’s requested date if necessary; individual roll‑call votes were not recorded in the transcript.
Ending: Staff said the extension would serve only as a backstop if the closing encountered an unforeseen delay; commissioners moved on to scheduling and other business.
