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Votes at a glance: EDA approves director duties, a lease, signatory change and NSDC contract
Summary
At the May 19 meeting the board approved four resolutions: (2026-14) designate the executive director as secretary and assistant treasurer; (2026-15) approve a commercial lease with Troera Holdings LLC (with one recorded opposing vote); (2026-16) remove outdated financial signatories; and (2026-17) adopt a revised NSDC professional services contract.
The Cook County Grand Joint Economic Development Authority took a series of routine governance and administrative votes at its May 19 meeting.
• Resolution 2026-14 (approved): The board designated the executive director to serve as the authority’s secretary and assistant treasurer, consolidating routine administrative duties. (Introduced and approved in packet pages ~16–17.)
• Resolution 2026-15 (approved; one vocal opposition recorded): The board approved a commercial lease agreement with Troera Holdings LLC for office space at 45 West Highway 61; staff said the new lease mirrors the prior lease but increases monthly rent by $50. A commissioner voiced opposition during the vote.
• Resolution 2026-16 (approved): To strengthen financial controls, the board voted to remove Howard Hedstrom and Heidi Krampits from authorized signatory lists on EDA accounts after staff found they remained on bank rosters.
• Resolution 2026-17 (approved): The board approved a revised professional services contract with Northshore Development Company, raising the monthly fee to $2,500 to cover administrative support. Commissioners requested limits to keep the contractor in an administrative role and to avoid conflict-of-interest perceptions.
Meeting notes: Most motions were moved and seconded on the record but roll-call tallies were not read aloud except for isolated vocal opposition; the transcript records at least one commissioner saying “I opposed” during votes on payments and the lease. Staff indicated follow-up monitoring where appropriate.
