SB1424: COUNTIES CD-LEASE OF PROPERTY

Legislative Summary

Amends the Counties Code. Provides that a county with a population of between 500,000 and 600,000 inhabitants may lease vacant real estate, structures, or facilities that are owned by the county if doing so promotes economic development, job creation, or community revitalization and does not interfere with existing public services. Provides that a lease to the public is not permitted under the provisions for properties, structures, or facilities currently used for government-operated services. Provides that a lease is not permitted under the provisions if the lease may result in the elimination or privatization of existing government-operated services. Provides that the authority to enter into a lease shall be exercised by an ordinance passed by three-fourths of the full county board then holding office, at any regular meeting or at any special meeting called for that purpose. Provides that the term of a lease entered into under the provisions may not exceed 99 years. Provides for the sunset of the provisions. Effective immediately.