O-53-99 06/28/1999VILLAGE OF LEMONT
ORDINANCE NO.0'4).3 2
ORDINANCE ESTABLISHING AN OPEN SPACE
ACQUISITION FUND WITHIN THE VILLAGE OF LEMONT
ADOPTED BY THE
PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
This 28th day of June , 1999.
Published in pamphlet form by
authority of the President and
Board of Trustees of the Village of
Lemont, Counties of Cook, Will, and
DuPage, Illinois this 28th
day of June , 1999
ORDINANCE
ORDINANCE ESTABLISHING AN OPEN SPACE
ACQUISITION FUND WITHIN THE VILLAGE OF LEMONT
WHEREAS, the Village of Lemont recognizes the need to preserve open space within
the confines and periphery of our growing community, and
WHEREAS, the acquisition of open space requires the expenditure of public funds, and
WHEREAS, the Village of Lemont seeks to establish a source of revenue to facilitate the
potential acquisition of open space within the community, and
WHEREAS, the Village of Lemont has chosen to create an open space fund which shall
be reserved for the sole purpose of land acquisition and related costs, and
WHEREAS, the initial funding of this open space fund shall consist of $100,000 of
existing General Fund Reserves.
NOW THEREFORE BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL & DU PAGE,
ILLINOIS AS FOLLOWS:
SECTION ONE:
The Village Treasurer is hereby directed to establish an OPEN SPACE
ACQUISITION ACCOUNT within the General Fund.
SECTION TWO:
The OPEN SPACE ACQUISITION ACCOUNT shall consist of $100,000
of General Fund Reserves, plus any additional revenues directed to the
account by the Village Board.
SECTION THREE:
No expenditure of these funds shall occur for any purposes other than those
identified as follows:
a). Payments for the acquisition of real property.
b). Payments for any debt service related to the acquisition of real
property.
c), Payments for any property surveys, engineering studies, planning
studies, appraisals, closing fees, taxes or legal fees associated with the
acquisition of real property.
d). Payments for any other expenses directly or indirectly related to the
acquisition of real property.
SECTION FOUR:
Any property acquired with these funds shall be utilized exclusively for
active or passive recreation.
SECTION FIVE:
The OPEN SPACE ACQUISITION ACCOUNT shall be established as
part of the Village financial system within ten days from the adoption of this
June 28, 1999 ordinance.
This Ordinance shall be in full force and effect from and after its passage, approval and
publication in the manner provided by law.
All Ordinances or parts of Ordinances in conflict herewith shall be and the same are hereby
repealed.
The Village Clerk of the Village of Lemont shall certify to the adoption of this Ordinance
and cause the same to be published in pamphlet form.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL AND DU PAGE, ILLINOIS
on this 28th day of June , 1999.
AYES NAYS PASSED ABSENT
John Benik
Debra Blatzer r/
Keith Latz ✓
Connie Markiewicz
Rick Rimbo
Mary Studebaker
Approved by me this 28th day of
Atte
j
CHARLENE SMOLLEN, Village Clerk
, 1999.
i
HARLENE SMOLLEN, Village Clerk
Approved as . form:
llage Attorney
Date:
► . el ATNOMITTIe President