The URL can be used to link to this page

Home My Public Portal About2014-12 Creating the Investment Advisory CommitteORDINANCE NO. 2014-12 AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE, FLORIDA, CREATING THE INVESTMENT ADVISORY COMMITTEE; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the Village Council desires to create an Investment Advisory Committee to provide recommendations to the Council regarding the investment program and policy for Village funds. WHEREAS, the Village Council finds that the adoption of this Ordinance and the creation of the Investment Advisory Committee is in the best interest of the Village and its residents. BE IT ORDAINED BY THE COUNCIL OF THE VILLAGE OF KEY BISCAYNE, FLORIDA, AS FOLLOWS: Section 1. Recitals. That the above -stated recitals are hereby confirmed and adopted. Section 2. Creation of Committee. That the Village Council hereby creates the Investment Advisory Committee as follows: 1. Creation, composition and qualifications. a. In accordance with Section 2-10 of the Village Code, there is hereby created and established the Investment Advisory Committee (the "Committee"). The Committee shall be composed of five (5) members appointed by the Mayor, with the approval of the Council. b. Each member of the Committee shall be highly experienced in money management and institutional investment. However, no member shall have any business relationship with the Village that would directly or indirectly impact his or her independent advise or participation. c. Each member of the Committee shall serve at the pleasure of the Village Council as provided by Village Code Section 2-10. d. Each member of the Committee shall serve without compensation and shall not be reimbursed for travel, mileage, or per diem expenses. e. Each member of the Committee shall be a full time resident of the Village who has continuously resided within the Village for the 12 -month period immediately prior to the appointment, and shall not be an employee of the Village. Any member who ceases to reside within the Village limits during his or her term of office shall be deemed to have resigned as of the date of his or her change of residence from the Village. f. In the event of the resignation or removal of any member of the Committee, the Mayor shall appoint a person to fill the vacancy on the Committee for the unexpired portion of the term of the member vacating such office, subject to approval of the Village Council. 2. Term of office. Members shall be appointed for a term of up to two (2) years. Members may be reappointed. 3. Advisory Capacity; Standards of conduct. The powers and duties of the Committee shall be solely of an advisory nature to the Village Council and Village Manager. Accordingly, Committee members shall comply with the applicable requirements of the Code of Ethics for Public Officers and Employees as provided in Part III of Chapter 112, Florida Statutes, and any other standards of conduct set by federal, state, county, Village or other applicable law. 4. Rules of Procedure; other requirements. a. The Committee may adopt rules of procedure as authorized by Village Code Section 2-10(k). In the absence of such rules of procedure, the fundamental parliamentary procedures of Roberts Rules of Order shall apply, subject to the provisions of Village Code Section 2-10. b. During the first meeting of the Committee, the members shall elect one of their members to act as Chair, Vice -Chair and Secretary. c. The Committee shall be subject to and shall comply with the applicable provisions of Village Code 2-10. 5. Jurisdiction and Dissolution. a. The jurisdiction of the Committee shall be solely advisory and be limited to 2 studying, evaluating, and providing recommendations to the Village Council regarding the Village's investment program and policy for Village funds. b. The Committee shall be a standing committee and shall only dissolve upon a majority vote by the Council. Section 3. Severability. That the provisions of this Ordinance are declared severable and if any section, sentence, clause or phrase of the Ordinance shall for any reason be held to be invalid or unconstitutional, such decision shall not affect the validity of the remaining sections, sentences, clauses, and phrases of this Ordinance but they shall remain in effect, it being the legislative intent that this Ordinance shall stand notwithstanding the invalidity of any part. Section 4. Effective Date. That this Ordinance shall become effective immediately upon adoption at second reading. PASSED on first reading this 24th day of June , 2014. PASSED AND ADOPTED on second reading this 25th day of November, 2014. ATTEST: COCHIT . AL AR , MMC, VILLAGE CLE Ad° y fit 1 f ' . 1'1 114L. MAYOR I YRA PENA LINDSAY i V>- 4 ., APPROVED AS TO FORM AND LEGAL SUFFICIENCY VIL 3 MIAMI DAILY BUSINESS REVIEW Published Daily except Saturday, Sunday and Legal Holidays Miami Miami -Dade County Florida ;TATE OF FLORIDA :OUNTY OF MIAMI-DADE: Before the undersigned authority personally appeared MARIA MESA, who on oath says that he or she is the LEGAL CLERK, Legal Notices of the Miami Daily Business Review f/k/a Miami Review, a daily (except Saturday, Sunday and Legal Holidays) newspaper, published at Miami in Miami -Dade County, Florida, that the attached copy of advertisement, being a Legal Advertisement of Notice in the matter of VILLAGE OF KEY BISCAYNE ORDINANCES - NOVEMBER 25, 2014 in the XXXX Court, was published in said newspaper in the issues of 11/13/2014 Affiant further says that the said Miami Daily Business Review is a newspaper published at Miami in said Miami -Dade County, Florida and that the said newspaper has heretofore been continuously published in said Miami -Dade County, Florida, each day (except Saturday, Sunday and Legal Holidays) and has been entered as second class mail matter at the post office in Miami in said Miami -Dade County, Flonda, for a period of one year next preceding the first publication of the attached copy of advertisement, and affiant further says that he or she has neither paid n d any person, firm or corporation an_`J31u . ission refund for the purpose self c�urin is advertisement •r p Iication in the said newspape Sworn to and subscr _ -d before me this 13 d ;SEAL) vIARIA MESA personally known to me- e$%°'®,r6 H0MAS$�°'�`� r .•�,iSSION� -1'. • °�'� tnber2 20 � • • m .01 #FF 034747 .1/47, !. 4',,G41C 2014 VILLAGE OF KEY BISCAYNE OFFICE OF THE VILLAGE CLERK PUBLIC NOTICE Notice is hereby given that the following ordinances will be considered on Second Reading by the Village Council of the Village of Key Biscayne at a meeting to be held on Tuesday, November 25, 2014 at 7:00 p.m., in the Council Chamber,, located at 560 Crandon Boulevard, Key Biscayne, Florida: - i. ., AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE, FLORIDA, CREATING THE INVESTMENT ADVISORY COMMIT- TEE; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE, FLORIDA, AMENDING CHAPTER 7, "BUSINESS REGULA- TIONS" OF THE VILLAGE CODE OF ORDINANCES TO INCLUDE SECTION 7-1, "PROHIBITIONS REGARDING SALE OR USE OF EXPANDED POLYSTYRENE FOOD SERVICE ARTICLES BY VILLAGE CONTRACTORS;" .AMENDING CHAPTER 19, "PARK RULES AND REGULATIONS" TO INCLUDE SECTION 19-17, "PROHIBITION ON POLY- STYRENE;" PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE; AND PROVIDING FOR AN EFFECTIVE DATE. AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE, FLORIDA, AMENDING SECTION 30.100 "SINGLE-FAMILY AND TWO-FAMILY DISTRICTS" OF THE VILLAGE CODE OF ORDINANCES, IN ORDER TO AMEND DEVELOPMENT STANDARDS FOR BOATS AND BOAT TRAILERS; PROVIDING FOR SEVERABILITY; PROVIDING- FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE. The proposed Ordinances may be inspected by the public at the Office of the Village Clerk. Interested parties may appear at the Public Hearing and be heard with respect to the proposed Ordinances. Any person wishing to address the Village Council on any item at this Public Hearing is asked to register with the Village Clerk prior to that item being heard. In accordance with the Americans With Disabilities Act of 1990, all persons who are disabled and who need special accommodations to participate in this proceeding because of that disability should contact the Office of the Village Clerk, 88 West McIntyre Street, Suite 220, Key Biscayne, Florida 33149, telephone number (305) 365-5506, not later than two business days prior to such proceeding. - Should any person desire to appeal any decision of the Village Council with respect to any matter to be considered at this meeting, that person shall insure that a verbatim record of the proceedings is made including all' testimony and evidence upon which any appeal may be based (F_S, 286.0105). Comments of any interested party relative to this matter may be submitted in writing and or presented in person at the public hearing. Conchita H. Alvarez, MMC 11/13 Village Clerk 14-4-316/2372313M