Sunday, April 25, 2010

Island Lake FOIA requests covered a variety of topics

Island Lake is a village in Lake and McHenry Counties in the U.S. state of Illinois. The population was 8,153 at the 2000 census.

Do Boone County officials have to file FOIA requests?  If so, which departments require it and why?

village attorney Scott Puma said FOIA requests aren't necessary for trustees because they are entitled to such information to perform their village duties. Additionally, a top village staffer said the trustees' copious requests take multiple employees several hours to fill.

The Daily Herald inspected the Island Lake trustees' requests through its own Freedom of Information Act inquiry. The examination was prompted by a Daily Herald story in which Rabattini and Ponio claimed they were being unfairly forced to file FOIA requests for documents.

Both said they'll continue to file formal requests to ensure they get records in a timely manner.

"I have to file a FOIA request if I want anything, otherwise I'm not going to get anything," Ponio said.

Daily Herald | Island Lake FOIA requests covered a variety of topics

FDIC: Press Releases on Harris’ takeover of AMCORE BANK 4/23/2010

image As of December 31, 2009, Amcore Bank, National Association had approximately $3.8 billion in total assets and $3.4 billion in total deposits. Harris National Association will pay the FDIC a premium of 0.01 percent to assume all of the deposits of Amcore Bank, National Association. In addition to assuming all of the deposits of the failed bank, Harris National Association agreed to purchase essentially all of the assets.

The FDIC and Harris National Association entered into a loss-share transaction on $2.0 billion of Amcore Bank, National Association's assets. Harris National Association will share in the losses on the asset pools covered under the loss-share agreement. The loss-share transaction is projected to maximize returns on the assets covered by keeping them in the private sector. The transaction also is expected to minimize disruptions for loan customers….

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $220.3 million. Harris National Association's acquisition of all the deposits was the "least costly" resolution for the FDIC's DIF compared to all alternatives.

Click on the following for more details:  FDIC: Press Releases - PR-84-2010 4/23/2010

Belvidere Defense Contractor Issues Bid Protest

second time in less than two years Infrastructure Defense Technologies has filed a protest with the Government Accountability Office against the Defense Logistics Agency. The company makes protective barriers for the military and argues it should have never been defeated by british-based Hesco Bastion Limited. I.D.T. leaders say the government dismissed their protest last fall so they could look into the matter. And in the end, still rewarded a contract to the foreign company.

Click on the following for more details:  Belvidere Defense Contractor Issues Bid Protest