Re: Richmond seeks to lease Monroe Park
Chicago.
It’s time for a full and fair hearing on the Privatization Transparency and Accountability Ordinance.
This ordinance will:
• Ensure privatization deals are based on public debate—not backroom deals.
• Create a fair and open process for privatization.
• Mandate sufficient oversight by requiring a public hearing and City Council approval of privatization of city assets or services.
• Require that a cost-effectiveness study be completed with ample time to review it prior to any privatization deal.
• Establish a due diligence timeframe for privatization deals—requires at least 30 days between the presentation of a cost-effectiveness study to City Council and the vote.
• Expose potential conflicts of interest by requiring a list of the political contributions from contractors submitting bids.
• Ensure ongoing accountability through publicly available annual performance reports.Link