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Hanover Park trustees approve budget amendments, engineering contract and routine warrants
Summary
The Village Board of Trustees approved amendments to the FY2024 and FY2025 budgets, awarded a $145,480 design contract for TIF 4 improvements and approved multiple warrant payments; several earlier approvals were formally rescinded.
The Village Board of Trustees of Hanover Park voted Tuesday to approve budget amendments, authorize a contract for Tax Increment Financing (TIF) 4 improvements and to approve several warrants and administrative rescissions.
The board approved an ordinance authorizing the eighth amendment to the FY2024 budget and, separately, an ordinance authorizing the first amendment to the FY2025 budget. Both measures required a two-thirds vote and passed with all trustees present voting in favor. The board also approved a contract with WBK Engineering for the design of TIF 4 improvements in the amount of $145,480 and authorized the village manager to execute the necessary documents.
Why it matters: The budget amendments update appropriations for fiscal years that affect projects, vendor payments and year-end accounting. The WBK…
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