CITY COUNCIL ORDINANCES AND RESOLUTIONS
Sponsor: Alderman Anthony Beale (9th Ward)
A recent Chicago Tribune investigative report raised concerns that property in Cook County was being over-assessed in poor neighborhoods and under-assessed in more wealthy neighborhoods. Suggesting that the system used to evaluate a property’s value was fundamentally flawed, the report indicated that a more fair and accurate system, developed by professors at the University of Chicago, was never implemented. The report set off a media blitz questioning the direction of the Assessor’s office, led by Joe Berrios. Subsequently, the Cook County Board held a meeting to question the Assessor regarding the allegations made in the Tribune report and have vowed to make changes.
This resolution asks for the city to file a request for the Assessor’s office to revise assessments made on Chicago’s homes and businesses if the assessment resulted in a more than 7% negative variance from the market value of the property. In addition, the resolution requests that the assessor’s office write rules for how it will address the inequities highlighted in the report. Lastly, it directs the city’s Corporation Counsel to review whether there were any civil rights violations as a result of the current assessment system.
Sponsor: Alderman Raymond Lopez (15th Ward)
Concerned that gas station owners are not being diligent in ensuring that the automatic shut-off valves in their pumps are in good working order, Ald. Lopez introduced this proposal to require more frequent inspections of gas stations and greatly increasing fines specifically for not having an appropriately operational automatic shut-off valve. Today the fine is not less than $500 and no more than $1000 for each offense. The new fine for automatic shut-off valves would increase to $2500 per offense per day until the problem is fixed.
ORDINANCE – REVISION TO THE ELECTRICAL CODE
Sponsor: Mayor Rahm Emanuel
Committee: Zoning, Landmarks and Building Standards
This over 200-page document seeks to update and revise the city’s electrical code. It is an attempt to bring the code in line with the National Electrical Code. The city’s code has not been updated in about 14 years, and as you can imagine, much has changed. We encourage your real estate professionals and building teams to review the changes and contact us with questions or concerns.
The City Council and Cook County Board do not meet in the month of August. The next City Council meeting is scheduled for Wednesday, September 6, 2017 and the Cook County Board is scheduled to meet on Wednesday, September 13, 2017.