O-04-12 Ord Authorizing Funds for SSA#1 Debt Services & Transfer Back to Working Cash FundVILLAGE OF LEMONT
ORDINANCE NO. [9 - - j a.
AN ORDINANCE AUTHORIZING UTILIZATION OF FUNDS FOR SSA #1
DEBT SERVICE FUND AND AUTHORIZING TRANSFER OF FUNDS BACK TO
WORKING CASH FUND
ADOPTED BY THE
PRESIDENT AND THE BOARD OF TRUSTEES
OF THE VILLAGE F LEMONT
THIS 9 DAY OF , 2012
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 CI day of artj , 2012.
ORDINANCE NO. d.
_ jL I 9,—
AN ORDINANCE AUTHORIZING UTILIZATION OF FUNDS FOR SSA #1
DEBT SERVICE FUND AND AUTHORIZING TRANSFER OF FUNDS BACK TO
WORKING CASH FUND
WHEREAS, on April 13th, 2009 the Village of Lemont Established SSA #1 through 0-
30-09; and;
WHEREAS, the Village of Lemont issued debt through SSA #1 by 0- 36 -09; and,
WHEREAS, the Village of Lemont established the required reserve fund by 0 -37 -09 in
anticipation of taxes to pay said debt through the Working Cash Fund; and,
WHEREAS, there are sufficient funds remaining in the SSA #1 fund from Bond Proceeds
and the Project Fund to provide coverage for the required reserve fund.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT and BOARD OF
TRUSTEES OF THE VILLAGE OF LEMONT, COOK, DUPAGE AND WILL
COUNTIES, ILLINOIS, THE FOLLOWING:
SECTION 1: The Village Treasurer is directed to utilizing remaining Bond Proceed and Project
Funds for the required reserve fund under 0- 36 -09.
SECTION 2: The Village Treasurer is directed to return funds back to Working Cash as had
been authorized in 0- 37 -09.
SECTION 3: That the Village Clerk of the Village of Lemont be and is directed hereby to
publish this Ordinance in pamphlet form, pursuant to the Statutes of the State of Illinois, made
and provided.
SECTION 4: Should any Section or provision of this Ordinance be declared by a Court of
competent jurisdiction to be invalid, such decision shall not affect the validity of the Ordinance
as a whole or any part thereof other than the part declared to be invalid_
SECTION 5: This ordinance shall be in full force and effect from and after its passage,
approval and publication as provided by law.
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PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL, AND DUPAGE,
ILLINOIS, on this 41 day of , 2012.
PRESIDENT AND VILLAGE BOARD MEMBERS:
AYES: NAYS: ABSENT: ABSTAIN
Debby Blatzer
Paul Chialdikas V
Clifford Miklos
Ron Stapleton V
Rick Sniegowski
Jeanette Virgilio
ATTEST:
CHARLENE M. SMOLLEN
Village Clerk
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BRIE'. 12EAVES
President