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HomeMy WebLinkAboutCity of Tamarac Ordinance O-2015-002T02314 February 25, 2015 Page 1 CITY OF TAMARAC, FLORIDA ORDINANCE NO. 2015 -0( AN ORDINANCE OF THE CITY OF TAMARAC, FLORIDA, AMENDING CHAPTER 2 ENTITLED "ADMINISTRATION" OF THE CODE OF ORDINANCES OF THE CITY OF TAMARAC BY REPEALING SECTIONS 2-156 THROUGH 2-161, INCLUSIVE, TO PROVIDE FOR THE ABOLISHMENT OF THE INVESTMENT ADVISORY COMMITTEE; PROVIDING FOR CODIFICATION; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVING FOR AN EFFECTIVE DATE. WHEREAS, the City Commission created the Investment Advisory Committee in 1975 in order to provide assistance to the City Commission and City Administration on matters pertaining to meeting the City's investment requirements, as required by law; and WHEREAS, the attendance of the members of the Investment Advisory Committee has dwindled over the years resulting in an inability to obtain a quorum and hold meetings on a regular basis; and WHEREAS, the City Commission finds that the City Administration now has the educational background and professional experience that is necessary in order to properly evaluate the City's investment requirements, and that as a result, the Investment Advisory Committee is no longer necessary; and WHEREAS, the abolishment of the Investment Advisory Committee will save the City time and money as there will not be any need to staff and support an additional advisory committee meeting on a monthly basis, and WHEREAS, the abolishment of the Investment Advisory Committee is in the best Temp. Ord. #2314 January 7, 2015 Page 2 interests of the citizens and residents of the City of Tamarac. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA THAT: Section 1. The foregoing "WHEREAS" clauses are hereby ratified and confirmed as being true and correct, and are hereby incorporated herein and made a part hereof. Section 2. Chapter 2, entitled "Administration", of the Code of Ordinances of the City of Tamarac shall be amended by repealing Section 2-156 through and including Section 2-161 of the City of Tamarac Code of Ordinances. Section 3. It is the intention of the City Commission of the City of Tamarac that the provisions of this Ordinance shall become and be made a part of the Code of Ordinances of the City of Tamarac, Florida, and that the Sections of this ordinance may be renumbered, re -lettered and the word "Ordinance" may be changed to "Section", "Article" or such other word or phrase in order to accomplish such intention. Section 4. If any clause, section, or other part or application of this Ordinance shall be held by any court of competent jurisdiction to be unconstitutional or invalid, such unconstitutional or invalid part or application shall be considered as eliminated and so not affecting the remaining portions or applications remaining in full force and effect. Section 5. All Ordinances or parts of Ordinances, Resolutions or parts of Resolutions in conflict herewith be and the same are hereby repealed to the extent of such conflict. Section 6. This Ordinance shall become effective immediately upon adoption. Temp. Ord. #2314 January 7, 2015 Page 3 PASSED, FIRST READING this / ( day of , 2015. PASSED, SECOND READING this =' day of��"u� , 2015. I HEREBY CERTIFY that I have approved this ORDINANCE as to form: S MUEL S. G E CITY ATTORNEY BY: Y AR Y DRESSLER RECORD OF COMMISSION VOTE. 1ST Reading MAYOR DRESSLER DIST 1: V/M BUSHNELL DIST 2: COMM. GOMEZ DIST 3: COMM. GLASSER DIST 4: COMM. PLACKO RECORD OF COMMISSION VOTE: 2ND Reading MAYOR DRESSLER_ DIST 1: V/M BUSHNELL DIST 2: COMM. GOMEZ DIST 3: COMM. GLASSER — DIST 4: COMM. PLACKO