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HomeMy Public PortalAboutResolution No. 23 - 188 - Resolution directing ICM to provide updated and detailed report on the city's 5-year Financial Recovery PlanSponsored by: Commissioner Kelley RESOLUTION NO. 23-188 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF OPA- LOCKA, FLORIDA, DIRECTING THE INTERIM CITY MANAGER TO PROVIDE THE CITY COMMISSION WITH AN UPDATED AND DETAILED REPORT OF THE CITY'S 5 -YEAR FINANCIAL RECOVERY PLAN NO LATER THAN JANUARY 5, 2024; PROVIDING FOR INCORPORATION OF RECITALS; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, pursuant to the State and Local Agreement of Cooperation between the Governor of the State of Florida ("Governor") and the City of Opa-Locka ("City"), the City was to approve and submit in writing to the Governor, a 5 -Year Financial Recovery Plan (Plan); and WHEREAS, at the beginning of each fiscal year, a fifth year shall be added to the financial recovery plan and must include the information and data of the preceding years; and WHEREAS, the plan will be reviewed for recommendations and/or approved by the Governor's Designee; and WHEREAS, the City Commission is requesting an updated and detailed report of the City's 5 -year plan to be provided no later than January 5, 2024; and WHEREAS, the City Commission of the City of Opa-Locka finds that it is in the best interest of the City and its residents to direct the Interim City Manager to provide the City Commission with an updated and detailed report of the City's 5 -year Financial Recovery Plan no later than January 5, 2024. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF OPA LOCKA, FLORIDA: SECTION 1. RECITALS ADOPTED. The recitals to the preamble herein are incorporated by reference. SECTION 2. AUTHORIZATION The City Commission of the City of Opa-Locka hereby directs the Interim City Manager to provide the City Commission with an updated and detailed report of the City's 5 -year Financial Recovery Plan no later than January 5, 2024. Resolution No. 23-188 SECTION 3. SCRIVENER'S ERRORS. Sections of this Resolution may be renumbered or re -lettered and corrections of typographical errors, which do not affect the intent of this Resolution may be authorized by the Interim City Manager, following review by the City Attorney, without need of public hearing, by filing a corrected copy of same with the City Clerk. SECTION 4. EFFECTIVE DATE This Resolution shall take effect upon the adoption and is subject to the approval of the Governor or Governor's Designee. PASSED and ADOPTED this 13th day of December, 2023. EST: x„, Joa a Flores, City Clerk APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Bur ette Nejrris-Weeks, P.A. City Attorney Moved by: Vice Mayor Ervin Seconded by: Commissioner Kelley VOTE: 5-0 Commissioner Bass YES Commissioner Kelley YES Commissioner Williams YES Vice Mayor Ervin YES Mayor Taylor YES John Hi f Taylor Jr., Mayor 2 DocuSign Envelope ID: D323FF89-F9E2-432D-8C2D-6365CFF0C70C City of Opa-locka Agenda Cover Memo DocuSigned by: City Manager: Darvin Williams CM Signature: ,, �' C46C07C1E8DE492... Commission Meeting Date: 12.13.2023 Item Type: (EnterXin box) Resolution Ordinance Other X Fiscal Impact: (Enter X in box) Yes No Ordinance Reading. (EnterXin box) 1st Reading 2nd Reading X Public Hearing: (EnterX in box) Yes No Yes No X Funding Source: Account#: (Enter Fund & Dept) Ex: See Financial Impact Advertising Requirement: (Enter X in box) Yes No X Contract/P.O. Required: (EnterXin box) Yes No RFP/RFQ/Bid#: X Strategic Plan Related (Enter X in box) Yes No Strategic Plan Priority Enhance Organizational Bus. & Economic Dev Public Safety Quality of Education Qual. of Life & City Image Communication Area: • Strategic Plan Obj./Strategy: (list the specific objective/strategy this item will address) X • IN IM MI IN Sponsor Name Commissioner Kelley Department: City Commission Short Title: A resolution of the City Commission of the City of Opa-locka directing the Interim City Manager to provide the City Commission with an updated and detailed report of the City's 5 -year plan. The report shall be submitted no later than January 5,2024. Staff Summary: Pursuant to the State and Local Agreement of Cooperation between the Governor and the City of Opa-locka, the City was required to approve and submit a 5 -year financial recovery plan. At the beginning of each fiscal year, a fifth year shall be added to the financial recovery plan and must include the information and data of the preceding years. The plan is to be reviewed for recommendations and/or approved by the Governor's Designee. The City Commission is requesting an updated and detailed report of the City's 5 -year plan to be provided no later than January 5,2024. DocuSign Envelope ID: D323FF89-F9E2-432D-8C2D-6365CFF0C70C Financial Impact - There is no additional cost associated with this item. Proposed Action It is recommended the City Commission of the City of Opa-locka approves legislation directing the Interim City Manager to provide the City Commission with a detailed report of the City's 5 -year plan. The report shall be submitted no later than January 5,2024. Attachment: