INTERGOVERNMENTAL AGREEMENT AND BY-LAWSIntergovernmental Agreement and By- • March 21st, 2022
This Intergovernmental Contract and By-Laws Agreement is entered this the 14th day of January, 2019 by and among the undersigned units of local government (each a “Member”) for the purpose of creating and establishing an intergovernmental entity to administer and operate a land bank in member communities (“Region”). The land bank will be a separate entity whose purpose will be to administer and carry out the objectives of this Agreement, in accordance with the terms of this Agreement, as written or amended in accordance with its terms. This Agreementis made pursuant to Article VII, Section 10 of the Illinois Constitution of 1970 (the “Constitution”) and the Illinois Intergovernmental Cooperation Act (5 ILCS 220/1 et seq.) (the “Act”) and has been authorized by the corporate authorities of each Member.
