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Council approves forfeiture of unclaimed escrow funds from 2016–2024 to General Fund
Summary
Resolution #2026-58 approved transferring unclaimed escrow funds deposited through 2024 into the city's General Fund; Corporation Counsel Somer presented the report but did not list the total dollar amount in the minutes.
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The Chicago Heights City Council approved Resolution #2026-58 to forfeit certain unclaimed escrow funds from calendar years 2016 through 2024 and transfer those funds to the General Fund. Corporation Counsel T.J. Somer explained that the funds in the escrow account deposited up to year 2024 would be transferred to the General Fund.
The minutes record the council's unanimous vote among those present (ayes: Smith, Perez, Rodgers, Brassea, Zaranti, Merrick) and do not provide a dollar figure for the total amount being transferred. The resolution was moved by Alderman Vincent Zaranti and seconded by Alderman Wanda Rodgers.
