November 9, 2009

Notice

There will be a meeting of the Construction Committee of the Board of Commissioners of Cook County on Tuesday, November 17, 2009 at the hour of 11:00 A.M. in the Board Room, Room 569, County Building, 118 North Clark Street, Chicago, Illinois to consider the following:

303347

OFFICE OF CAPITAL PLANNING AND POLICY, by Bruce Washington, Director, transmitting a Communication, dated October 21, 2009: The Office of Capital Planning and Policy is requesting authorization to proceed with the redevelopment of the historic Cook County Hospital Main Building for administrative offices for the Cook County Health & Hospitals System. On May 5, 2009 the Board of Commissioners approved a contract with Jones Lang LaSalle Americas, Inc. (JLL) to perform preliminary analysis and planning for the adaptive reuse of the historic Cook County Hospital Main Building. JLL analyzed the market and financial feasibility of office, hotel, dormitory, rental housing, condominium housing, senior housing and educational uses, and concluded that the most affordable and lowest risk reuse option is to renovate the building for administrative office use by the Cook County Health & Hospitals System to replace 1900 West Polk, which is scheduled for demolition. The estimated cost of renovation for office use is $107,700,000.00. The Office of Capital Planning and Policy will seek Tax Increment Financing (TIF) funds from the City of Chicago to assist with the costs of renovation. Due to the building's status as "threatened" on the Landmarks Illinois Watch List, we anticipate that substantial funds should be available. The Office of Capital Planning and Policy requests permission to present the Cook County Hospital Adaptive Reuse Study prepared by JLL to the Board of Commissioners. *Referred to the Committee on Construction on 11-04-09.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Matthew B. DeLeon, Secretary

Chairman:	Murphy
Vice-Chairman:	Butler
Members:	Beavers, Gorman, Moreno, Schneider, Silvestri, Sims, Steele