O-37-09 04-20-2009VILLAGE OF LEMONY
ORDINANCE =3`~=~
ORDINANCE AUTHORIZING
TRANSFER FROM WORKING CASH FUND
ADOPTED BY THE
PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONY
This day of , 2009
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 day
of _, 2009
ORDINANCE ~ - 3 fJr ~
ORDINANCE AUTHORIZING
TRANSFER FROM WORHING CASH FUND
WHEREAS, the Village of Lemont has established a Working Cash Fund pursuant to 65
ILCS Section 5/8-7-1; and,
WHEREAS, in order to provide money with which to meet special Corporate purposes,
Working Cash Funds may be transferred in anticipation of taxes; and,
WHEREAS, the Village of Lemont has established SSA #I by 0-30-09; and,
WHEREAS, the Village of Lemont lacks sufficient funds to establish the required ten percent
(10%) SSA #1 Reserve Funds.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND
BOARD OF TRUSTEES OF THE VILLAGE OF LEMONY, AS FOLLOWS:
The Village Treasurer is hereby authorized to withdraw One Hundred and Forty-four
Thousand and 00/100 Dollars ($144,000) from the Working Cash Fund and transfer said amount to
the SSA # 1 Reserve Debt Service Fund for the purpose of establishing the required reserve account.
These funds will be held, and upon payment of SSA #1 debt will be re-transferred to the Working
Cash account. All interest earned during this time will be re-transferred to the Working Cash account.
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repealed.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 LEMONY, COOK, WILL AND DU PAGE COUNTIES ILLINOIS
on this ~7~a Day of ; ~ , 2009.
Debby Blatzer
Peter Coules
Clifford Miklos
Brian Reaves
Ronald Stapleton
Jeanette Virgilio
AYES NAYS PASSED ABSENT
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Attest:
CHARLENE SMOLL N, Village Clerk