File #: 250089    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 2/17/2025 In control: Village Board of Trustees
On agenda: Final action: 3/6/2025
Title: Recommendation of Proposed $1 Million Transfer from the Hotel/Motel Tax Fund to the Building Fund and An Ordinance Amending the Village's Fiscal Year 2025 Budget to Account for the $1 Million Transfer of Funds. Waiver of first reading is requested. (2/3 vote of Corporate Authorities required, 5 of 7) Recommendation from the Finance & Administration Committee to transfer $1 million from the Hotel/Motel Tax Fund to the Building Fund for construction of a new Public Safety Building.
Attachments: 1. Proposed HM Fund Transfer to Building Fund.pdf, 2. BOT_3-06-25_Leg#250089_Transfer from Hotel Motel Fund to Building Fund, 3. Ordinance 8338 An Ordinance Amending Budget Ordinance, 4. Cover Page 250089

Title

Recommendation of Proposed $1 Million Transfer from the Hotel/Motel Tax Fund to the Building Fund and An Ordinance Amending the Village's Fiscal Year 2025 Budget to Account for the $1 Million Transfer of Funds.   Waiver of first reading is requested. (2/3 vote of Corporate Authorities required, 5 of 7)

Recommendation from the Finance & Administration Committee to transfer $1 million from the Hotel/Motel Tax Fund to the Building Fund for construction of a new Public Safety Building.

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