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Home My WebLink AboutCity of Tamarac Resolution R-2001-038• r� Temp. Reso. #9272 Page 1 February 13, 2001 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R2001-38 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA, APPOINTING TWO (2) MEMBERS TO THE INVESTMENT ADVISORY COMMITTEE TO SERVE UNTIL JUNE 26, 2001 OR UNTIL SUCH TIME AS REAPPOINTMENTS ARE MADE; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Ordinance No. 0-2000-32, (Attached hereto as Exhibit "1") passed and adopted by the City Commission on November 22, 2000, increased the Investment Advisory Committee from five (5) members to seven (7) members; and WHEREAS, the City Commission is desirous of appointing two (2) members to the Investment Advisory Committee to serve until June 26, 2001 or until such time as reappointments are made; and WHEREAS, in accordance with Sections 2-156 and 2-158 of the Tamarac Code (attached hereto as Exhibit "2") seven (7) members of the Investment Advisory Committee shall be appointed by the City Commission to serve one (1) year terms; and and WHEREAS, the Finance Director and City Manager recommend approval; WHEREAS, the City Commission of the City of Tamarac deems it to be in the best interest of the citizens and residents of the City of Tamarac to appoint Temp. Reso. #9272 Page 2 February 13, 2001 two (2) members to the Investment Advisory Committee to serve until June 26, 0 2001 or until such time as reappointments are made. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: That the foregoing "WHEREAS" clauses are hereby ratified and confirmed as being true and correct and are hereby made a specific part of this Resolution. SECTION 2: That the following people are hereby appointed as members of the Investment Advisory Committee to serve until June 26, 2001, or until such time as reappointments are made: Murray A. Levine Maurice Weinreb 0 SECTION 3: All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. SECTION 4: If any clause, section, other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of this Resolution. 0 L r 0 Temp. Reso. #9272 Page 3 February 13, 2001 SECTION 5: This Resolution shall become effective immediately upon adoption. PASSED, ADOPTED AND APPROVED this 26th day of February, 2001. �/OE SCHREIBER MAYOR ATTEST: x 6� SWENSON, CMC Ci I;Y CLERK 1 HE 13Y CERTIFY that I have approv this RESOLUTION as f m. -/��ITCHELL S. RAFT CITY ATTORNEY RECORD OF COMMISSION VOTE MAYOR SCHREIBER,..,,�,,, DIST 1: COMM. PORTNER DIST 2: COMM. MISHKIN DIST 3: COMM. SULTANOF DIST 4: VIM ROBERTS Temp. Ord. # 1916 1 10/27/00 CITY OF TAMARAC, FLORIDA ORDINANCE NO. 0-2000- q� AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA, AMENDING CHAPTER 2 OF THE TAMARAC CODE ENTITLED "ADMINISTRATION", ARTICLE Ill. "BOARDS, COMMITTEES, COMMISSIONS", DIVISION 5. "INVESTMENT ADVISORY COMMITTEE", SECTION 2-156. "CREATION" INCREASING THE NUMBER OF MEMBERS FROM FIVE (5) TO SEVEN (7); PROVIDING FOR CODIFICATION; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Section 4.12 of the Charter of the City of Tamarac provides for an Investment Advisory Committee consisting of at least five (5) members from the general public; and WHEREAS, Section 2-156 of the Code of the City of Tamarac creates and establishes an investment advisory committee which shall consist of five (5) members appointed by the City Commission; and WHEREAS, the City Commission of the City of Tamarac has deemed it to be in the best interest of the citizens and residents of the City of Tamarac to increase the membership of the Investment Advisory Committee to seven (7) members. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: That the foregoing whereas clauses are hereby ratified and CODING: Words in stuff type are deletions from existing law; Words in underscored type are additions. x111dI 111 t of �z %z Temp. Ord. # 1916 2 10/27/00 confirmed as being true and correct and are hereby made a specific part of this Ordinance upon adoption hereof. SECTION 2: That Tamarac Code Section 2-156 is hereby amended to read as follows: Sec.2-156. Creation. There is created and established an investment advisory committee which shall consist of fave (5) seven 7 members appointed by the city commission. SECTION 3: It is the intention of the City Commission and it is hereby ordained 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 or relettered and the word "Ordinance" may be changed to "Section", "Article" or such other word or phrase in order to accomplish such intention. SECTION 4: All Ordinances or parts of Ordinances, and Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict. SECTION 5: If any provision of this Ordinance or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this Ordinance that can be given affect without the invalid provision or application, and to this end the provisions of this Ordinance are declared to be severable. SECTION 6: This Ordinance shall become effective immediately upon its CODING: Words in St eagh type are deletions from existing law; Words in underscored type are additions. passage and adoption. PASSED, FIRST READING this o day of KA PASSED, SECOND READING this ov''rday of ATTEST- S QN "rllE�RTIFY that I heve`a' p ved this OR CE as t M MITC-HELL S. KRAFT CITY ATTORNEY Temp. Ord. # 1916 3 10/27/00 , 2000. , 2000. JOE SCHREIBER, MAYOR RECOAD OF COMMISSION VOTE MAYOR SCHAEIBER DIET 1: COMM. PORTNER� DIET 2: COMM. MISHKIN —'Yk,—� DIET 9: COMM. SULTANOF a. DIST 4: VIM ROBERTS CODING: Words In s.... negh type are deletions from existing law; Words in underscored type are additions. 0 ADMINISTRATION § 2-159 • • (b) The board shall conduct its meetings pur- suant to Robert's Rules of Order, Newly Revised, and all applicable laws. A quorum shall consist of a majority of the membership. (Code 1975, § 2-33(d), (e)) See. 2-140. Vacancies. (a) Removal of members. Insurance advisory board regular or alternate members are ap- pointed by the city commission at the pleasure of the city commission and shall be removed at any time by majority vote of the city commission. (b) Resignation of members. A resignation by a regular or alternate board member made either orally or in writing will be deemed accepted by the city commission when the regular or alternate board member announces his resignation to the board, city manager or city commission. The city commission need not take any formal action to accept the resignation. Failure by a regular board member to attend three (3) consecutive meetings without being excused by the chairman shall be deemed a resignation. (Code 1975, § 2-33(h), (i); Ord. No. 94-1, § 2, 1-26-94) Sec. 2-141. Liaisons. (a) Commission liaison. The insurance advi- sory board may have a commission liaison pursu- ant to the provisions of section 2-33. (b) Staff liaison. The board may have a staff person assigned to it by the city manager to serve in an advisory capacity. Any requests on the part of the board for information or services from the administration shall be made by the chairman of the board to the city manager or through the staff liaison if one is assigned. (Code 1975, § 2-33(f), (g)) Secs. 2.142-2-155. Reserved. Supp. No. 37 DIVISION 5. INVESTMENT ADVISORY COMMITTEE* Sec. 2.156. Creation. There is created and established an investment advisory committee which shall consist of seven (7) members appointed by the city commission. (Code 1975, § 2-32(a); Ord. No. 2000-32, § 2, 11-22-00) Sec. 2.157. Powers and duties. The investment advisory committee shall be responsible to keep abreast of current investment trends, receive the input of administrative offic- ers regarding investment concepts for the city, and make recommendations thereon to the city manager (and his designees), and file such re- ports with the mayor and city commission. The committee shall have no administrative authority and shall not be directly involved in the ongoing process of investment of city funds. (Code 1975, § 2-32(b)) Sec. 2.158. Membership; compensation; chairman. The members of the investment advisory com- mittee shall be appointed by the city commission on an annual basis and serve at the pleasure of the city commission without compensation. The chairman of the committee shall be appointed by the city commission. (Code 1976, § 2-32(c)) Cross reference --Members of boards appointed by the city commission shall annually meet to appoint a vice- chairman, § 2-31. Sec. 2.159. Meetings. (a) The investment advisory committee shall meet at least once a month at a regularly sched- uled time which is to be approved by the city clerk. The committee may determine its own vacation period not to exceed more than one (1) cancelled meeting per year. *Charter reference --Investment advisory committee, § 4.12. Cross references —Appointed boards, commissions, com- mittees to elect officers, provisions regarding absenteeism of members, § 2-31; finance and taxation, Ch. 6. 159