File #: 190110    Version: 1 Name:
Type: Request Status: Passed
File created: 2/19/2019 In control: Village Board of Trustees
On agenda: Final action: 2/21/2019
Title: Waiver of Conflict of Interest The Village and the Lombard Public Facilities Corporation (LPFC) are working on a TIF Redevelopment Agreement (RDA) containing the terms as set forth in the Restructuring Support Agreement (RSA). As the Village Attorney and counsel for the LPFC both are of the law firm Klein, Thorpe & Jenkins, Ltd. (KTJ), there exists a potential for a conflict of interest in KTJ representing both parties in the negotiation of the TIF RDA. The Village Manager and Director of Finance are also involved with these negotiations and the drafting of the RDA. Staff recommends that the Village Board approve the Waiver of Conflict of Interest to have the Village Attorney continue to represent the Village in this matter.
Attachments: 1. BOT 2-21-2019 Leg#190110.pdf, 2. Cover Page 190110.pdf

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Waiver of Conflict of Interest

The Village and the Lombard Public Facilities Corporation (LPFC) are working on a TIF Redevelopment Agreement (RDA) containing the terms as set forth in the Restructuring Support Agreement (RSA).  As the Village Attorney and counsel for the LPFC both are of the law firm Klein, Thorpe & Jenkins, Ltd. (KTJ), there exists a potential for a conflict of interest in KTJ representing both parties in the negotiation of the TIF RDA.  The Village Manager and Director of Finance are also involved with these negotiations and the drafting of the RDA.

Staff recommends that the Village Board approve the Waiver of Conflict of Interest to have the Village Attorney continue to represent the Village in this matter.

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