PROFESSIONAL_SERVICESAPPROVED

Village of Thornton Board Meeting Agenda Packet March 2026

Thornton Approves Foreclosure Registry Agreement with HERA

$125 per registration (HERA’s portion); registration fee $350 per property semi-annually; village receives net remittanceThornton villageHERA PROPERTY REGISTRY LLCMarch 2, 2026

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Description

The Village of Thornton awarded HERA Property Registry, LLC a one-year professional services contract to operate and maintain its newly adopted foreclosure and vacant property registration program. HERA will collect registration fees, conduct monitoring, and provide monthly reporting, with the agreement set for automatic yearly renewals unless terminated.

Contract Details

Contract Amount

$125 per registration (HERA’s portion); registration fee $350 per property semi-annually; village receives net remittance

Vendor

HERA PROPERTY REGISTRY LLC

Agency

Thornton village, IL

Contract Type

PROFESSIONAL_SERVICES

Document Date

March 2, 2026

Contract Term

One (1) year initial term from effective date (March 2, 2026), automatically renewing for one-year periods unless terminated with 60 days' notice

Renewal Date

2027-03-02

Renewal Info

Initial one-year term commencing March 2, 2026; automatically renews in one-year increments unless terminated with 60 days' notice. Renewal addenda may adjust fees or terms by mutual agreement.