HomeMy WebLinkAboutOrd 3257 09/07/1982 RDINANCE NO. 3257
AN ORDINANCE AUTHORIZING THE TRANSFER OF
CERTAIN SURPLUS AND UNUSED PUBLIC BENEFIT
FUNDS TO THE GENERAL CORPORATE FUNDS OF
THE VILLAGE OF MOUNT PROSPECT, ILLINOIS
PASSED AND APPROVED BY
~THE PRESIDENT AND BOARD OF TRUSTEES
THE 7th DAY OF September , 1982.
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
8th day of __Se_~D~/k~b_~r_, 1982.
RDINANCE NO. 3257
AN ORDINANCE AUTHORIZING THE TRANSFER OF
CERTAIN SURPLUS AND UNUSED PUBLIC BENEFIT
FUNDS TO THE GENERAL CORPORATE FUNDS OF
THE VILLAGE OF MOUNT PROSPECT, ILLINOIS
WHEREAS, .by action of this Board there was recently
returned to the Public Benefit Fund of this Village the sum
of $75,993.15 in surplus funds on hand in Special Assessment
No. 71 Co 0081; and
WHEREAS, such amount was deposited to the Public Benefit
Fund as a result of a rebate declared in Special Assessment
No. 71 Co 0081 following payment in full of all improvement
costs, and principal and interest on all bonds and vouchers
issued with respect thereto; and
WHEREAS, there are no outstanding Special Assessment
construction projects or bonds or vouchers issued with
respect thereto for which assessments of public benefit
have been confirmed to be paid from funds on hand in the
Public Benefit Fund; and
WHEREAS, said sum of $75~993.15 deposited to the Public
Benefit' Fund is not required nor necessary to meet any
Village Special Assessment obligations, and the same is
therefore surplus; and
WHEREAS, it is deemed to be in the best interests of
the public that said amount be transferred from the Public
Benefit Fund to the General Corporate Fund for use for
general municipal purposes.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND
50ARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK
COUNTY, ILLINOIS:
SECTION ONE: The sum of $75,993.15 presently on hand in
the. Public Benefit Fund of this Village is hereby determined
to be no longer required, or necessary, for Special Assess-
ment use, and the same is declared to be a surplus amount
and shall be transferred to the General Corporate Fund of
this Village for use for general municipal purposes.
SECTION TWO: The Village Treasurer is hereby authorized
and directed to take the necessary steps to accomplish the
transfer of said funds from ~he Public Benefit Fund to the
General Corporate Fund of this Village.
ECTION THREE: This Ordinance shall be in full force and
!effect from and after its passage, approval, and publication
in pamphlet form in accordance with law.
PASSED AND APPROVED this
AYES: Arthur
NAYS: None
ABSENT: None
Farley Floros
7th day of S~p~ember,' 1982.
Miller Murauskis Wattenberg
ATTEST:
Village Clerk
Vi lllage President
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