HomeMy WebLinkAboutCity of Tamarac Resolution R-86-171Introduced by C Temp #4129
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CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-86-'7/
A RESOLUTION REPEALING RESOLUTION R-85-239;
PROVIDING THAT PRIOR NOTICE TO THE INVEST-
MENT ADVISORY COMMITTEE OF THE DATE, VALUE
AND NATURE OF TRANSACTIONS INVOLVING CITY
INVESTMENT FUNDS SHALL NO LONGER BE RE-
QUIRED; -AND PRQ%ID FF T E D T
WHEREAS, the City Council no longer finds it desirable
that the Investment Advisory Committee receive prior notice
of the date, value and nature of transaction involving City
Investment Funds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF TAMARAC, FLORIDA.
.$ECTIQ _j: That Resolution No. R-85-239, a copy of
which is attached hereto as Exhibit "A", and incorporated by
reference herein, shall be repealed.
0E9T1 N 2: This Resolution shall become effective
immediately upon passage.
PASSED, ADOPTED AND APPROVED this _/� day of ,
1986.
ATTEST:
CITY CLE
I HEREBY CERTIFY that I have
approved the form and correct-
ness of this RESOLUTION.
CITY ATTORNEY
12956438786/p
MAYO
RECORD OF tQUNCIL VOTE
MAYOR; HART
DIST. 1: C/W MASEARO -�
DIST. 2: C/M STELZER
DIST. 3: C/M GOTTESMAN
DIST. 4: V/M STEIN
--I-
introduced by:
Temp. #_=708 'e,
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CITY OF TAMARACp FLORIDA
RESOLUTION NO. R-85-23_�?
Z:7
X#113 / 7-
A RESOLUTION REQUIRING PRIOR NOTICE TO THE
INVESTMENT ADVISORY COMMITTEE OF THE DATE,
VALUE AND NATURE OF TRANSACTIONS INVOLVING
CITY INVESTMENT FUNDS; AND PROVIDING AN
EFFECTIVE PATEN
WHEREAS? the City Council finds it desirable that in-
formation on transactions of City investment funds be made
available prior to the execution of such transactions; and
WHEREAS, the Investment Advisory Committee has a special
interest in being notified prior to all such investment
transactions.
NOWr THEREFOREr BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF TAMARACj FLORIDA.
SECTION-1: That the City Manager or his designee shall
provide notice to the Investment Advisory Committee:
At least 14 days prior to the maturation date of
any investment instrument, specifying the date,
value and nature of the maturing instrument;
(2) At least 14 days prior to the expected date of
investment or reinvestment of any City funds,
specifying the expected date of the transaction and
the nature of the instrument to be purchased.
SECTION 2: Notice shall be by mail or hand delivered to
each individual member of the Investment Advisory Committee.
The notice shall be deemed effective upon dispatch. The
failure of one or more members to receive such notice or the
failure of the Committee to meet or act in response to the
the notices shall not affect the normal course or timetable
of investment of City funds.
SECTION_--1: This Resolution shall become effective
immediately upon passage,
PASSEDr ADOPTED AND APPROVED thisZ_O_�day of-
1985.
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ASSISTANT CITY CLERK
I HEREBY CERTIFY that I have
approved the fVm and correct-
ness of this RESOLUTION.
j
cr� TTORNEY
"1 6)
122BRO70885/t
-I ell
MAYOR
RECORD OF COUNCIL VOTE
MAYOR: KRAVITZ
DIST 4: C/M STEIN
DIST3: -C[MGOTTESMAN
DIST 2: C/M MUNITZ
DIST 1: Y/Mi PAP-0:1SARD
U (I