Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: RES 17-732    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 12/11/2017 Final action: 12/11/2017
Title: A Resolution Approving a Funding Grant Agreement between the Village of Oak Park and the Oak Park Residence Corporation in the Amount of $35,000 for 2018 and Authorizing its Execution
Attachments: 1. Resolution Oak Park Residence Corporatoin, 2. OPRC 2018 Agreement, 3. Exhibit 1 Funding Distribution, 4. Exhibit 2 Scope of Services, 5. Exhibit 3 Addendum, 6. Exhibit 3a OPHA Procurement Policy-Rev.9-08
Submitted By
Tammie Grossman, Development Customer Services Director

Reviewed By
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Agenda Item Title
Title
A Resolution Approving a Funding Grant Agreement between the Village of Oak Park and the Oak Park Residence Corporation in the Amount of $35,000 for 2018 and Authorizing its Execution

End
Overview
Overview
This is the annual agreement adopted by the Village to provide funding for this agency for the small condominium management program.

Body
Staff Recommendation
Approve the Resolution.

Fiscal Impact
The 2018 budget allocation request assumes general revenue funds totaling $35,000. The contract shall not exceed $35,000 in costs for the condominium management program, which are paid as a fee for service based on invoices submitted.
Contract administration and oversight will be within the responsibilities of the Neighborhood Services Manager.

Background
The contract between the Village of Oak Park and the Oak Park Residence Corporation utilizes general revenue funds to fund the small condominium management program started a couple of years ago.

The Village has contributed funding to Residence Corporation since the 1970's. The contract presented in 2018 is consistent with previous contracts except that since 2010 the Village no longer provides general operating support to the Residence Corporation. In 2018, the Residence Corporation will receive $35,000 to administer the small condominium management program started several years ago. The funding amount was increased from $25,000 in 2014 to enable the program to assist two additional condominium associations and to provide additional general telephone support. Payment is on a fee for service basis, payable in two semi-annual installments.

Alternatives
The alternative would be to not fund the Oak Park Residence Corporation to work with smaller condominium associations. However, the Village of Oak Park has 178 out of 289 condominium associations with 12 or fewer units. Thos...

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