G-1193 - 08/10/2021 - FINANCE - Ordinances ITEM 6.C.6
BOARD OF TRUSTEES MEETING
SAMUEL E. DEAN BOARD ROOM
BUTLER GOVERNMENT CENTER
OAK B 1�9 , K 1200 OAK BROOK ROAD
OAK BROOK, ILLINOIS
630-368-5000
AGENDA ITEM
Regular Board of Trustees Meeting
of
August 10, 2021
SUBJECT: Creation of the Finance Committee—Ordinance G-1193
FROM: Gopal Lalmalani, Village President
BUDGET SOURCE/BUDGET IMPACT: N/A
RECOMMENDED MOTION:
Motion to approve creation of the Finance Committee Ordinance G-1193
Background/History:
The Village is navigating through unprecedented financial challenges. Oak Brook is
fortunate of have a number of residents with expertise in finance. I would like to ask the
board to consider the creation of a Finance Committee to assist the Village in finding cost
savings,new revenue opportunities and efficiency improvements in the Village budget.
The committee will consist of nine members all of whom must be residents of the Village
and will include the Finance Department Trustee Liaisons.
Recommendation:
That the Village Board approve the creation of the Finance Committee Ordinance
G-1193.
REG BOT 081021 Agenda Item 6.C.6—Ordinance G-1193 Pagel
THE VILLAGE OF OAK BROOK
COOK AND DUPAGE COUNTIES, ILLINOIS
ORDINANCE
2021-FINADV-CMTE-G-1193
AN ORDINANCE AMENDING
TITLE 2 OF
THE VILLAGE OF OAK BROOK
CODE OF ORDINANCES
GOPAL G. LALMALANI, Village President
CHARLOTTE K. PRUSS, Village Clerk
LARRY HERMAN
MICHAEL MANZO
JAMES NAGLE
A. SURESH REDDY
EDWARD TIESENGA
ASIF YUSUF
Village Board
Published in pamphlet form by authority of the
President and the Board of Trustees of the Village of Oak Brook
on this the 10th day of August, 2021
ORDINANCE NO.2021-FINADV-CMTE-G-1193
AN ORDINANCE AMENDING
TITLE 2 OF
THE VILLAGE OF OAK BROOK
CODE OF ORDINANCES
WHEREAS,the Village of Oak Brook(hereinafter referred to as the"Village")is an Illinois
Municipal Corporation organized pursuant to the laws of the State of Illinois;
WHEREAS,the Village has in full force and effect a codified set of ordinances which are
of a general and permanent nature,which said codified set is known and designated as the Village
Code of the Village of Oak Brook,as amended;
WHEREAS,the Village has the authority to adopt ordinances and to promulgate rules and
regulations that pertain to its government and affairs that protect the health,safety and welfare of
its residents including the adoption and imposition of certain taxes;
WHEREAS,the Village of Oak Brook is facing exceptional financial trials;
WHEREAS,the Village desires the creation of a Financial Committee to offer advice to
the President and Village Board on the financial issues that the Village is encountering and to
provide assistance and guidance to the Village Board in order to maintain financial stability;and
WHEREAS,the Corporate Authorities wish to establish a Finance Committee as a formal
Committee of the Village and to further codify its structure and general powers.
NOW, THEREFORE, BE IT ORDAINED, in open meeting assembled by the Village
President and Board of Trustees of the Village of Oak Brook,Cook and DuPage Counties,Illinois
as follows:
Section One-Recitals
The Board of Trustees hereby find that all of the recitals hereinbefore stated as contained
in the preamble to this ordinance are full, true and correct and do hereby, by reference,
incorporate and make them part of this ordinance as legislative findings.
Section Two—Amending Title 2
Title 2 shall be amended to include Chapter 14 establishing a Finance Committee as
follows:
2-14-1: COMMITTEE ESTABLISHED:
There is hereby established a Finance Committee.The Finance Committee shall be subordinate
to the Village President and Board of Trustees.
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2-14-2: MEMBERSHIP APPOINTMENTS
The Committee shall be composed of nine members all of whom must be residents of the Village
and will include the Finance Department Trustee Liaisons Members will serve three-year terms
and will function as an Advisory Committee to the Village President and Village Board. The
Members of the Finance Committee shall be appointed by the Village President with the advice
and consent of the Village Board When the first appointments are made,the Village President
will name four members to serve for three-year terms@ and five members to serve for two-year
terms Subsequent appointments shall be for three years When there are vacancies in positions
on the Finance Committee the Village President shall name a successor who will serve out the
term of the vacancy.Apoointments to fill vacancies shall also be confirmed by the action of the
Village Board In making appointments the Village President shall seek to have members on the
Committee at all times who as a group have interests in the financial well-being of the Village of
Oak Brook.
2-14-31 AUTHORITY
The Finance Committee shall make recommendations to the Village Board in writing and where
requested by the Village President or Village Manager. The Committee may be requested to
present their report and recommendations at Village Board meetings The Finance Committee
may on its own determine that there are issues which the Committee believes should be
evaluated and on which written and where requested by the Village President.oral reports shall
be provided to the Village Board The Village President shall appoint the Chairman of the
Committee and the Committee will meet as needed but not less than four times per year
Section Three—Codification
The title, chapter(s) and section(s) adopted by this ordinance shall be numbered and
placed in an appropriate title, chapter(s), and sections(s) sections when and during the
codification of the Oak Brook Municipal Code.
Section Four—Effective Date
This ordinance shall become effective immediately after its passage.
Section Five-Conflict Clause
That all ordinances,parts of ordinances or board actions in conflict with the terms of this
ordinance shall be repealed to the extent of said conflict.
Section Six-Passage Clause
That this ordinance shall take full force and effect from and after its passage,approval and
publication as provided by law.
Section Seven-Constitutionality Clause
Any part or parts of this ordinance declared by a court of law to be invalid or
unconstitutional shall not affect the validity of the remaining provisions of this ordinance or the
Oak Brook Municipal Code.
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Section Eight-Publication
This ordinance shall be published in book or pamphlet form as provided by the Illinois
Municipal Code.
Section Nine-Recording
This ordinance shall be entered into the minutes and upon the journals of the Board of
Trustees of the Village of Oak Brook.
PASSED THIS 10th day of August,2021
Trustees Herman,Manzo,Nagle,Reddy,and Yusuf
Ayes:
Nays: None
Absent: Trustee Tiesenga
I
APPROVED THIS 10th day of August,2021
Gopal G.Lalmalani
Village President
ATTEST: �G/0 FF 044,
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Charlotte K.Pruss t ��
Village Clerk10
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