Loading...
A. Place Of Deposit: The funds and money of the village shall be kept on deposit in a United States government insured financial institution as determined from time to time by the corporate authorities. There shall be one account maintained in such financial institution for all village funds, except as otherwise required by the statutes of the state of Illinois.
B. Signatures On Accounts: Authorized signers on the account or accounts of the village shall be designated by resolution of the president and board of trustees, copies of which shall be furnished the bank.
C. Bank Guarantees: Before deposits are made by the village, the bank shall furnish the village treasurer with copies of its last two (2) sworn statements of resources and liabilities which it is required to furnish the director of financial institutions or to the comptroller of the currency. The bank or other financial institution shall, thereafter and while acting as a depository for the village, furnish the village treasurer with a copy of all statements of resources and liabilities which it is required to furnish the director of financial institutions or to the comptroller of the currency. (Ord. 60-04, 5-2-1960; amd. 1998 Code)
D. Purchasing Authority: The village president and chairs of standing committees of the board of trustees, as from time to time appointed by the village president, shall have the authority to make, in the ordinary course of business, purchases of materials, supplies and services necessary for the departments, commissions or offices of the village for which they are responsible, as such expenditures are provided for in the annual appropriation ordinance, provided the cost of each such purchase does not exceed the sum of five thousand dollars ($5,000.00). Reports of all such purchases shall be made to the board of trustees not later than the second regular meeting following the date of such purchase or purchases. For all purchases over five thousand dollars ($5,000.00), the approval of the board of trustees shall first be required. (Ord. 04-02, 2-17-2004; amd. Ord. 20-06, 6-16-2020)
Any person who seeks, or is required to seek, village review and approval of any plans, plats, permits or legal documents, including, but not limited to, easements or licenses for private benefit, agreements with the village for special rights or services, a certificate of appropriateness from the historic sites commission, or similar matters requiring village review and approval, shall, in addition to any applicable permit fees, be required to reimburse the village for certain expenses and professional fees it may incur related to such review and approval, including, but not limited to, outside professional engineers, attorneys or other consultants. A deposit in the amount of the estimated expenses and fees to be incurred may be required. Expenses and fees actually incurred by the village shall be deducted from such deposit. If such deposit is exhausted, no further services shall be performed, nor shall any permit, certificate, license or approval be granted, as the case might be, until an additional deposit is made. The amount of such additional deposit shall be as reasonably determined by the board of trustees or its designee. (Ord. 15-07, 7-21-2015)
The village is authorized to establish and collect a convenience fee that shall be applied to the total payment charged to each credit or debit card transaction. The convenience fee shall be in addition to the total amount of the original fee, fine, or bill owed to the village, plus any applicable interest, penalty, or late charge. Effective January 1, 2017, the convenience fee shall equal the cost actually incurred by the village for processing the credit or debit card payment, not to exceed five dollars ($5.00). (Ord. 16-16, 12-20-2016)
Loading...