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S-1131 - 07/26/2005 - BUDGET - OrdinancesORDINANCE 2005 -BU -S -1131 AN ORDINANCE AMENDING THE 2005 BUDGET WHEREAS, the Village President and Board of Trustees has authorized payment of attorney fees related to the lawsuit of Kevin Quinlan, et al., Plaintiffs and John Carpino, Intervening Plaintiff, v. Stelios Aktipis, et al., Defendants (Eighteenth Judicial Circuit, DuPage County, Wheaton, Illinois, Case Number 2004 MR 900); and WHEREAS, due to uncertainties surrounding the lawsuit, the 2005 Budget did not include an appropriation for payment of these fees; and WHEREAS, it is recommended that the 2005 Budget for the General Corporate Fund be amended in order to budget funds for the payment of these attorney fees. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF OAK BROOK, DU PAGE AND COOK COUNTIES, ILLINOIS that the following transfers are hereby authorized: Section 1: The recitals above are hereby incorporated into and made a part of this ordinance. Section 2: The General Corporate Fund budget is amended by increasing the amount budgeted in Account 121 -7634, "Litigation Amongst the Corporate Authorities ", by $128,700, the increase which shall be funded by this Fund's fund balance. Section 3: This ordinance shall be in full force and effect from and after its passage and approval as required by law. Section 4: All ordinances or parts thereof in conflict with the provisions of this ordinance be and the same are hereby repealed to the extent of such conflict. Ayes: Nays: Absent: APPROVED THIS 26 day of July, 2005. ,. Kev' Quinlan Vi Age President PASSED THIS 26th day of July, 2005. Trustees Aktipis Craig Kennedy Manofsky, Sanford and Yusuf None ►100Th P- a i f ATTEST: Linda K. Gonnella, CMC Village Clerk