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File #: 22-0371    Version: 1 Name:
Type: Partnership Agreement Amendment Status: Approved
File created: 8/25/2022 In control: FPD Board of Commissioners
On agenda: 9/20/2022 Final action: 9/20/2022
Title: PROPOSED PARTNERSHIP AGREEMENT AMENDMENT Request: Requesting authorization for the Forest Preserves of Cook County (the "Forest Preserves") to amend its Partnership Agreement with the Forest Preserve Foundation (the "Foundation"). Reason: The Forest Preserves wishes to extend its partnership agreement with the Forest Preserve Foundation for four (4) years and continue its annual financial contribution Contract Period: (12/16/2014) 1/1/2015 - 12/31/2019; Board Approved Extension (11/19/2019) 1/1/2020 - 12/31/2020; Board Approved Extension (11/17/2020) 1/1/2021 - 12/31/2021; and Board Approved Extension (11/2/2021) 1/1/2022 - 12/31/2022 Proposed Partnership Agreement Extension: 1/1/2023 - 12/31/2026 Fiscal Impact: Not to Exceed $200,000.00 (FY 2023 $80,000.00, FY 2024 $60,000.00, FY 2025 $40,000.00, FY 2026 $20,000.00), plus in-kind contributions up to $25,000.00 per fiscal year. Previously authorized contributions total a Not to Exceed amount of $950,000.00, plus in-kind contribu...
Indexes: ARNOLD RANDALL, General Superintendent
Attachments: 1. Forest Preserve Foundation
Related files: 21-0482, 19-0410, 20-0425, 14-1014, 22-0181

title

PROPOSED PARTNERSHIP AGREEMENT AMENDMENT

 

Request:  Requesting authorization for the Forest Preserves of Cook County (the “Forest Preserves”) to amend its Partnership Agreement with the Forest Preserve Foundation (the “Foundation”).

 

Reason: The Forest Preserves wishes to extend its partnership agreement with the Forest Preserve Foundation for four (4) years and continue its annual financial contribution

 

Contract Period: (12/16/2014) 1/1/2015 - 12/31/2019; Board Approved Extension (11/19/2019) 1/1/2020 - 12/31/2020; Board Approved Extension (11/17/2020) 1/1/2021 - 12/31/2021; and Board Approved Extension (11/2/2021) 1/1/2022 - 12/31/2022

 

Proposed Partnership Agreement Extension: 1/1/2023 - 12/31/2026

 

Fiscal Impact: Not to Exceed $200,000.00 (FY 2023 $80,000.00, FY 2024 $60,000.00, FY 2025 $40,000.00, FY 2026 $20,000.00), plus in-kind contributions up to $25,000.00 per fiscal year.

 

Previously authorized contributions total a Not to Exceed amount of $950,000.00, plus in-kind contributions.

 

Account(s)Programs and Services 51001.700824

 

Concurrences:

The Chief Financial Officer has approved this item. Final amendment is subject to legal review and approval.

 

District(s):  Districtwide

 

Summary: The Foundation is a 501(c)(3) non-profit organization whose mission is to raise funds to support programs, and to protect and restore native habitats, within the Forest Preserves. The Foundation’s work encourages philanthropic and business entities to make financial contributions toward priorities of the Forest Preserves. The Forest Preserves recognizes the benefits that an established foundation can provide and has determined that extending its agreement with the Foundation for the appropriation of funds and in-kind contributions, such as office space and services, is appropriate to further the mission of the Forest Preserves.

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