HomeMy WebLinkAboutCity of Tamarac Resolution R-91-21236
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CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-91- j2.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TAMARAC, FLORIDA, OPPOSING A USER FEE ON
ELECTRONIC TRANSFERS OF FUNDS AS PROPOSED TO
BE IMPOSED ON ALL LARGE DOLLAR PAYMENT FUNDS
IN THE UNITED STATES; PROVIDING THAT COPIES OF
THIS RESOLUTION BE FORWARDED TO SENATOR JOHN
KERRY AND THE FLORIDA SENATORS AND
CONGRESSMEN; PROVIDING FOR CONFLICTS;
PROVIDING FOR SEVERABILITY; AND PROVIDING FOR
AN EFFECTIVE
WHEREAS, it has come to the attention of the City Council of
the City of Tamarac, Florida, that United States Senator John
Kerry has proposed that a user fee be imposed on all large
electronic payment of funds in the United States in order to fund
a portion of the increased federal debt incurred as a result of
the Savings and Loan bail out; and
WHEREAS, the above -mentioned proposed legislation would make
the Secretary of the Treasury authorized to establish the amount
of the fee and implement its collection; and
WHEREAS, the suggested fee is .002 per dollar value of
transfer and the city currently uses electronic transfers of large
sums of monies that are normally wired to the State Board of
Administration for investment purposes; and
WHEREAS, the suggested fee based on the city's current wire
transfer would be a minimum cost of $43,000 per year; and
WHEREAS, the City Council of the City of Tamarac, Florida,
hereby declares its opposition to the proposed legislation and
directs that copies of this resolution be forwarded to Senator
John Kerry and the Florida Senators and Congressmen;
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NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY
TAMARAC, FLORIDA, THAT:
The foregoing "WHEREAS" clauses are true an
correct and are hereby ratified and confirmed by the City Council.
The City Council of the City of Tamarac, Florida,
hereby declares its opposition to Senator John Kerry's propose
legislation to introduce a user fee to be imposed on all large
dollar electronic payment of funds which would result in an
estimated minimum annual cost to the city of $43,000.
SECTION __3: The city clerk is hereby directed to forward
copies of this Resolution to Senator John Kerry and the Florida
Senators and Congressmen.
SECTION 4: All resolutions or parts of resolutions in
conflict herewith are hereby repealed to the extent of such
conflict.
SECTION 5: 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.
SECTION 6: This Resolution shall become effective
immediately upon its passage and adoption,
PASSED, ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
TAMARAC, FLORIDA, this ��i day of �XYt� ;' 1991
NORMAN ABRAMOWITZ
MAYOR =
ATTEST: -.
CAROL A. EVANS
CITY CLERK
I HEREBY CERTIFY th have
approved this Res r��
n as to
form.
A RUF
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RECORD OF COUNCIL VOTE
MAYOR
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