HomeMy Public PortalAbout15-10 ESTABLISHMENT OF A RESERVE FUND BALANCE AND DIRECTING UNALLOCATED RESERVE FUND BALANCE 1s`Reading: April 13, 2015
2nd Reading: May 13, 2015
Public Hearing: May 13, 2015
Adopted: May 13, 2015
Effective Date: May 13, 2015
Sponsor: Mayor Taylor
ORDINANCE NO. 15-10
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF
OPA-LOCKA, FLORIDA REGARDING BUDGETING AND
RESERVES; AMENDING ORDINANCE 03-05; REQUIRING THE
ESTABLISHMENT OF A RESERVE FUND BALANCE AND
DIRECTING UNALLOCATED RESERVES TO BE USED TO
REPLENISH SAME; PROVIDING FOR INCORPORATION OF
RECITALS; PROVIDING FOR CONFLICT AND REPEALER;
PROVIDING FOR SEVERABILITY AND CODIFICATION;
PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the City of Opa-locka wishes to at all times be fiscally responsible; and
WHEREAS, the City Commission has determined that maintaining a healthy General
Fund Reserve of One Million Dollars will be protect the City from a fiscal crises in the event of
a natural disaster or other unforeseen event that could drain the City's resources; and
WHEREAS, having such a reserve balance will provide the City with a better bond
rating and facilitate additional investment in the City; and
WHEREAS, the goal of maintaining a One Million Dollar Reserve Fund will promote
financial stability in the City and encourage private investment.
NOW, THEREFORE,BE IT ORDAINED BY THE COMMISSION OF THE CITY
OF OPA-LOCKA, FLORIDA,AS FOLLOWS:
Section 1. Recitals The recitals to the preamble herein are incorporated by
reference.
ORDINANCE NO. 15-10
Section 2. A new section Chapter 19.6 of the City Code entitled: "Budget Reserves"
is created to read as follows:
BUDGET RESERVE
Section.l. General Fund Reserves.
(a) The City shall maintain during each fiscal year a reserve fund of one million dollars;
(b) The reserve fund shall be in addition to all other contingency funds, reserves or
designations of fund balances.
Section 2. Purposes for which fund may be used.
(a) The reserve may be utilized and the fund balance may be decreased for any of the
following purposes:
1. Natural disasters or emergencies;
2. Unanticipated capital improvements or infrastructure needs;
3. Unforeseen contingent liabilities;
4. Acts of God;
5. For the emergency health, safety and welfare needs of the City.
Section 3. Replenishment of Reserves.
(a) If in any fiscal year the City is unable to maintain the one million dollars in reserves,
the City in the next fiscal year shall not be entitled to appropriate any portion of the
remaining reserve funds until the reserve fund is replenished to reach the one million
dollar goal without City Commission approval.
(b) If during any fiscal year the million dollar reserve fund is not met, all unallocated
funds are to be placed into the reserve fund until this goal is reached.
Section 4. Conflict and Repealer. All ordinances or Code provisions in conflict
herewith are hereby repealed.
Section 5. Severability. If any section, subsection, sentence, clause, phrase or
portion of this Ordinance is for any reason held invalid or unconstitutional by any court of
competent jurisdiction, such portion shall be deemed a separate, distinct and independent
ORDINANCE NO. 15-10
provision and such holding shall not affect the validity of the remaining portions of this
Ordinance.
Section 6. Codification. This Ordinance shall be codified in the Code of Ordinances
when the code is recodified.
Section 7. Effective Date. This Ordinance shall, upon adoption, become effective as
specified by the City of Opa-locka Code of Ordinances and the City of Opa-locka Charter.
INTENTIONALLY LEFT BLANK
ORDINANCE NO. 15-10
PASSED AND ADOPTED this 13`" day of May, 2015.
4i1J-
MY7j4VAAYLOR
MAYOR
Attest to:
Jo 1 na Flores
City Clerk
Approved as to form and legal sufficiency:
Vincent T. Brown, Esq.
THE BROWN LAW GROUP, LLC
City Attorney
Moved by: COMMISSIONER PINDER
Seconded by: COMMISSIONER SANTIAGO
Commission Vote: 5-0
Commissioner Kelley: YES
Commissioner Pinder: YES
Commissioner Santiago: YES
Vice-Mayor Holmes: YES
Mayor Taylor: YES
6272512 vl
14ND I SUNDAY,MAY 3,2015 ND MiamiHerald.com I MIAMI HERALD
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CITY OF OPA-LOCKA,FLORIDA
NOTICE TO THE PUBLIC
NOTICE IS HEREBY GIVEN that the City Commission of the City of Opa-locka.Florida will hold public hearings at its Regular Commission Meeting on Wednesday.May 13.2015 at 7:00 p.m.in the Auditorium at Sherbendy Village.215 President Barack
Obama i Perria)Avenue.Opa-locka.Florida to consider the following items:
SECOND READING ORDINANCES/PUBLIC HEARING:
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF OPA-LOCKA,FLORIDA,TO IMPOSE A MORATORIUM ON NEW PAWN SHOP ESTABLISHMENTS ON A CITYWIDE BASIS FOR UP TO TWELVE MONTHS;
PROVIDING FOR INCORPORATION OF RECITALS;PROVIDING FOR CONFLICT AND REPEALER;PROVIDING FOR CODIFICATION;PROVIDING FOR SEVERABILITV:PROVIDING FOR AN EFFECTIVE DATE(frsreeading
held an Mureh 11,2015).
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF OPA-LOCKA,FLORIDA AMENDING CHAPTER 14 OF THE CITY CODE REGARDING NOTICE OF NEED FOR A ABATEMENT OF NUISANCES;PROVIDING
FOR INCORPORATION OF RECITALS:PROVIDING FOR CONFLICT AND REPEALER;PROVIDING FOR SEVERABILITV AND CODIFICATION;PROVIDING FOR AN EFFECTIVE DATE(fietl reading held an April 13.2015).
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF OPl-1,OCK.A,FLORIDA REGARDING BUDGETING AND RESERVES;AMENDING ORDINANCE 03-05;REQUIRING THE ESTABLISHMENT OFA RESERVE
FUND BALANCE AND DIRECTING UNALLOCATED RESERVES TO BE USED TO REPLENISH SAME;PROVIDING FOR INCORPORATION OF RECITALS;PROVIDING FOR CONFLICT AND REPEALER:PROVIDING FOR
SEVERABILITV AND CODIFICATION;PROVIDING FOR AN EFFECTIVE DATE(first reading held an April 13,2015).
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF OPA-LOCKA,FLORIDA AMENDING AND RESTATING ORDINANCE NO.13-40 ENACTED BY THE CITY COMMISSION OF THE CITY ON DECEMBER 11,2013
ENTITLED:
"AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF OPA-LOCKA,FLORIDA PROVIDING FOR THE ISSUANCE,IN ONE OR MORE SERIES,OF THE CITY'S CAPITAL IMPROVEMENT REVENUE OBLIGATIONS:
PROVIDING THAT SUCH OBLIGATIONS SHALL NOT CONSTITUTE AN INDEBTEDNESS OF THE CITY WITHIN THE MEANING OF ANY CONSTITUTIONAL OR STATUTORY PROVISION OR 1.1 MITATION,OR A PLEDGE OF
THE CITY'S FULL FAITH AND CREDIT,BUT SHALL BE SECURED BY AND PAYABLE FROM PLEDGED FUNDS CONSISTING OF 01 TH E PUBLIC SERVICE TAX REVENUES DERIVED FROM THE LEVY AND COLLECTION BY
THE CITY OF A PUBLIC SERVICE TAX AND(1I)THE COMMUNICATIONS SERVICES TAX REVENUES DERIVED FROM THE LEVY AND COLLECTION BY THE CITY OF A C ONIMUN 1CATION S SERVICES TAX;PROVIDING
FOR THE ISSUANCE OF THE FIRST SERIES OF SUCH OBLIGATIONS IN AN AGGREGATE PRINCIPAL AMOUNT NOT EXCEEDING EIGHT MILLION FIVE HUNDRED THOUSAND DOLLARS(58,500,000).TO BE DESIGNATED
AS THE CITY OF OPA-LOCKA,FLORIDA CAPITAL IMPROVEMENT REVENUE NOTE,SERIES 2013,FOR THE PRINCIPAL PURPOSE OF PROVIDING FUNDS,TOGETHER WITH OTHER LEGALLY AVAILABLE FUNDS,TO
FINANCE THE COST OF ACQUISITION OF A SITE WITHIN THE CITY AND THE ACQUISITION,CONSTRUCTION,011 PROVEM ENT AND EQUIPPING OF A CITY ADNIIN ISTRATION BUILDING AND RELATED FACILITIES ON
SUCH SITE.ALL AS SHALL BE MORE FULLY SET FORTH INA SERIES ORDINANCE;PROVIDING FOR THE ISSUANCE OF ADDITIONAL OBLIGATIONS AND REFUNDING OBLIGATIONS UNDER CERTAIN CONDITIONS;
PROVIDING FOR THE CREATION OF CERTAIN FUNDS AND ACCOUNTS;PROVIDING FOR SEVERABILITV';PROVIDING AN EFFECTIVE DATE.";
PROVIDING FOR THE ISSUANCE,IN ONE OR MORE SERIES,OF THE CITY'S CAPITAL IMPROVEMENT REVENUE OBLIGATIONS;PROVIDING THAT SUCH OBLIGATIONS SHALL NOT CONSTITUTE AN INDEBTEDNESS
OF THE CITY WITHIN THE MEANING OF ANY CONSTITUTIONAL OR STATUTORY PROVISION OR LIMITATION,OR A PLEDGE OF THE CITY'S FULL FAITH AND CREDIT,BUT SHALL BE SECURED BY AM)PAYABLE
FROM PLEDGED FUNDS CONSISTING OF(I)THE PUBLIC SERVICE TAX REVENUES DERIVED FROM THE LEVY AND COLLECTION BV THE CITY OF A PUBLIC SERVICE TAX AND/II)THE COMMUNICATIONS
SERVICES TAX REVENUES DERIVED FROM THE LEVY AND COLLECTION BY THE CITY OF A COMMUNICATIONS SERVICES TAX;PROVIDING FOR THE ISSUANCE OF THE FIRST TWO SERIES OF SUCH OBLIGATIONS
IN AN AGGREGATE PRINCIPAL,AMOUNT NOT EXCEEDING EIGHT MILLION SIX HUNDRED THOUSAND DOLLARS(58,600,000).TO BE DESIGNATED AS THE CITY OF OP.A-LOCKA,FLORIDA TAX-EXEMPT CAPITAL
IMPROVEMENT REVENUE AND REFUNDING NOTE,SERIES 2015A AND TAXABLE CAPITA!,IMPROVEMENT REVENUE NOTE,SERIES 2015B,RESPECTIVELY;PROVIDING FOR THE PROCEEDS OF THE 2015A NOTE,
TOGETHER WITH OTHER LEGALLY AVAILABLE FUNDS.TO BE USED TO(I)FINANCE A PORTION OF THE COSTS OF ACQUIRING AN OFFICE BUILDING AND RELATED SITE IN THE CITY,A PORTION OF WHICH
BUILDING WILL BE USED FOR CITY ADMINISTRATION AND A PORTION OF WHICH WILL BE LEASED TO THIRD PARTIES,(II)FINANCE CERTAIN COSTS OF'RENOVATING AND EQUIPPING THE PORTION OF THE:
OFFICE BUILDING TO BE USED FOR CITY ADMINISTRATION,(III)RETIRE THE CITY'S CAPITAL IMPROVEMENT REVENUE NOTE,SERIES 2014 CURRENTLY OUTSTANDING IN THE PRINCIPAL AMOUNT OF 584,000,
AND(IV)PAY CERTAIN COSTS OF ISSUANCE RELATING TO THE 2015A NOT&ALL AS SHALL BE MORE FULLY SET FORTH IN A SERIES ORDINANCE;PROVIDING FOR THE PROCEEDS OF THE 2015K NOTE,TOGETHER
WITH OTHER LEGALLY AVAILABLE FUNDS,TO BE USED TO(I)FINANCE THE BALANCE OF THE COSTS OF ACQUIRING SAID OFFICE BUILDING AND RELATED SITE IN THE CITY;(II)PAY CERTAIN MOVING COSTS
ASSOCIATED WITH RELOCATING THE CITY'S ADMINISTRATIVE FUNCTIONS TO THE OFFICE BUILDING;AND(III)PAY CERTAIN COSTS OF ISSUANCE OF THE 2015B NOTE,ALL AS SHALL BE MORE FFLI:Y SET
FORTH IN A SERIES ORDINANCE;PROVIDING FOR THE ISSUANCE OF ADDITIONAL OBLIGATIONS AND REFUNDING OBLIGATIONS UNDER CERTAIN CONDITIONS;PROVIDING FOR THE CREATION OF CERTAIN
FUNDS AND ACCOUNTS;PROVIDING FOR SEVERAABILITY;PROVIDING AN EFFECTIVE DATE(first reading held on April 2'.20/5).
A SERIES ORDINANCE OF THE CITY COMMISSION OF THE CITY OF OPA-LOCKA,FLORIDA TO PROVIDE FOR THE ISSUANCE,PURSUANT TO AN ORDINANCE OF THE CITY ENACTED ON THE DATE HEREOF,
OF OBLIGATIONS OF THE CITY IN AN AGGREGATE PRINCIPAL AMOUNT NOT EXCEEDING EIGHT MILLION SIX HUNDRED THOUSAND DOLLARS(S8,600,000),TO BE DESIGNATED AS THE CITY OF OPS-LOCK.A,
FLORIDA TAX-EXEMPT CAPITAL IMPROVEMENT REVENUE AND REFUNDING NOTE,SERIES 2015A AND TAXABLE CAPITAL IMPROVEMENT REVENUE NOTE,SERIES 20158,RESPECTIVELY;PROVIDING FOR THE
PROCEEDS OF THE 2015A NOTE.TOGETHER WITH OTHER LEGALLY AVAILABLE FUNDS,TO BE USED TO(1)FINANCE A PORTION OF THE COSTS OF ACQUIRING AN OFFICE BUILDING AND RELATED SITE IN
THE CITY,A PORTION OF WHICH BUILDING WILL BE USED FOR CITY ADMINISTRATION AND A PORTION OF WHICH WILL BE LEASED TO THIRD PARTIES,(II)FINANCE CERTAIN COSTS OF RENOVATING AND
EQUIPPING THE PORTION OF THE OFFICE BUILDING TO BE USED FOR CITY ADSII\ISTRATION,(111)RETIRE THE CITY'S CAPITAL IMPROVEMENT REVENLIE NOTE,SERIES 2014 CI RRENTLY OUTSTANDING IN
THE PRINCIPAL AMOUNT OF 184.000,AND(IV)PAY CERTAIN COSTS OF ISSUANCE RELATING TO THE 2015A NOTE,ALL AS MORE FULLY'SET FORTH HEREIN;PROVIDING FOR THE PROCEEDS OF THE 2015B NOTE,
TOGETHER WITH OTHER LEGALLY AVAILABLE FUNDS,TO BE USED TO(p FINANCE THE BALANCE OF THE COSTS OF ACQUIRING SAID OFFICE BUILDING AND RELATED SITE IN THE CITY;(II)PAN CERTAIN
MOVING COSTS ASSOCIATED WITH RELOCATING THE CITY'S ADMINISTRATIVE FUNCTIONS TO THE OFFICE BUILDING;AND(III)PAY CERTAIN COSTS OF ISSUANCE OF THE 20158 NOTE.PROVIDING FOR TIIE
TERMS AND PAYMENT OF SUCH 2015 NOTES,ALL AS MORE FULLY SET FORTH HEREIN;PROVIDING FOR THE RIGHTS.SECLRITY AND REMEDIES OF THE LENDER WITH RESPECT TO THE 2015 NOTES:51:IKING OR
PROVIDING FOR CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH;DESIGNATING THE CITY AS THE REGISTRAR AND PAYING AGENT FOR THE 2015 NOTES:AUTHORIZING THE EXECUTION
AND DELIVERY OF AN AGREEMENT WITH THE LENDER TO SET FORTH MATTERS RELATING TO THE 2015 NOTES AS REQUIRED BY SUCH LENDER OR OTHERWISE NECESSARY AND APPROPRIATE.SI BJECT TO
THE PARAMETERS SPECIFIED HEREIN;AUTHORIZING CITY OFFICIALS TO DO ALL THINGS DEEMED NECESSARY IN CONNECTION WITH THE ISSUANCE.SALE AND DELIVERY OF THE 2015 NOTES;PROVIDING
FOR INCORPORATION OF RECITALS;PROVIDING FOR CONFLICT AND REPEALER;PROVIDING FOR SEVERABILTTY;PROVIDING AN EFFECTIVE DATE(fro(reading held an Apri12t,2015).
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF OPA-LOCK:\,FL()RIDA,AMENDING CITY ORDINANCE 86-11,THE LAND DEVELOPMENT CODE,TO INCLUDE PLACES OF RELIGIOUS ASSEMBLY AS
A PERMITTED USE IN THE LIMITED INDUSTRIAL 1-1 DISTRICT AS A SPECIAL EXEMPTION:PROVIDING FOR INCORPORATION OF RECITALS:PROVIDING FOR SEVERABILITV';PROVIDING FOR('ONEI.ICT AND
REPEALER;PROVIDING FOR AN EFFECTIVE DATE(ftral reading held art April 27,2015).
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OFOPA.l,OCKA.FLORIDA,AVIENDING SECTION 2-316OF THE('ITV CODE TO INCREASETHE AMOUNT TIIE CITY MANAGER MAY SPEND FOR PURCHASING
SUPPLIES FROM TEN THOUSAND DOLLARS(510,000.00)TO TWENTY-FIVE THOUSAND DOLLARS(525.000.00)WITHOUT CITY COMMISSION APPROVAL:PROVIDING FOR INCORPORAATION OF RECITALS:PROVIDING
FOR CONFLICT AND REPEALER;PROVIDING FOR SEVERABILTTY AND CODIFICATION;PROVIDING FOR AN EFFECTIVE DATE(first reading held an April 27.2015).
RESOLUTIONS/PUBLIC HEARING:
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF OPA-LOCKA,FLORIDA,TO APPROVE THE REQUEST OF All.FLORIDA LAND CLEANING,IN('.,A FLORIDA CORPORATION.FOR FINAL.SITE PLAN
APPROVAL TO CONSTRUCT AN OFFICE AND MAINTENANCE FACILITY AT 3805 NW 132`'.STREET,OPS-LOCKA,FLORIDA,DESCRIBED AS FOLIO NO.08-2129-010-0090;PROVIDING FOR INCORPORATION OF RECITALS:
PROVIDING FOR AN EFFECTIVE DATE.
A RESOLUTION OFTH F,CITY COMMISSION OF THE CITY OF OPA-LOCK.\,FLORI DA,TO APPROVE A DEV'EI,OPM ENTAGREF,M ENT BETW EEN A I.L FLORIDA LAND CLEANING,I NC'.,A FLORIDA CORPORATION("AFL('")
AND THE CITY OF OPA-LOCKA,FI,ORIDA,FOR THE LAND LOCATED AT 3005 NW 132'.STREET,IN THE CITY OF OPA-LOCKA,FLORIDA,FOLIO NUMBER 08-2129-010-0090,FOR THE PURPOSE OF CONSTRUCTING
OFFICE BUILDING,MAINTENANCE BUILDING AND PARKING AREA;PROVIDING FOR INCORPORATION OF RECITALS;PROVIDING FOR AN EFFECTIVE DATE.
Additional information on the above items may be obtained in the Office of the City Clerk.3400 NW 135"Street.Bldg.B.Opa-locka.Florida.All interested persons are encouraged to attend this meeting and will Ix heard with resvect to the public hearings.
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JOANNA FLORES.('MC
CITY CLERK
1st Reading: February 1 2, 2003
2"a Reading/Public Hearing: February 2 6, 2 0 0 3
Adopted: February 26, 2003
Effective Date: February 26, 2003
Sponsored by: City Manager
Ordinance No. 0 3-0 5
AN ORDNANCE OF THE CITY COMMISSION OF THE
CITY OF OPA-LOCKA, FLORIDA RELATING TO
FINANCIAL POLICIES; PROVIDING FOR FINANCIAL
INTEGRITY PRINCIPLES; CONTAINING A REPEALER
PROVISION AND SEVERABILITY CLAUSE;FURTHER
PROVIDING FOR AN EFFECTIVE DATE AND
CODIFICATION IN THE CODE OF ORDINANCES
WHEREAS,on February 28,2002,the Governor of the State of Florida was officially
notified of a financial emergency in the City of Opa-locka; and
WHEREAS, the City of Opa-locka and Governor entered into an Interlocal
Agreement (IA) which set forth corrective actions to be taken to eliminate the financial
emergency; and
WHEREAS, the city desires that the use of financial "best practices" to assure
maximum protection of public funds entrusted to the City of Opa-locka; and
WHEREAS, the City recognized it has been making improvements in its financial
position through adherence to financial "best practices"; and
WHEREAS,these principles provide a framework to prevent another financial crisis
through use of its own municipal home rule powers; and
WHEREAS, the City desires to formalize eight (8) financial principles which will
serve as the underlying basis for governing the City's finances in the future; and
WHEREAS, these principles are crucial to assuring potential investors that
investments in the City are safe as the City plans to reenter the credit market;
NOW,THEREFORE,BE IT ORDAINED BY THE CITY COMMISSION OF THE
CITY OF OPA-LOCKA, FLORIDA:
1
for repayment will be available within a two-year period. Any actions taken to borrow
funds under these conditions must be separately presented to and approved by the City
Commission and the term of such borrowing shall not extend beyond the last day of the
subsequent fiscal year. Recognizing that some programs are funded by grants or other
entities on a reimbursement basis, the City shall apply for such reimbursements on a
timely basis to minimize the period that City funds are used as float. In the event
loans/float for these reimbursements extend beyond the end of a fiscal year, such
reimbursements shall be reflected as receivables and noted as part of the annual budget
process.
4. Reserve Policies—The City shall retain an annual end-of-year General Fund reserve of
approximately$200,000. Further, upon resolving the deficits in the Water and Sewer
and Solid Waste Funds, the City shall retain at least a 2-5%reserve in these funds.
(a) Current Fiscal Year General Fund Contingency—A"contingency"reserve level
of$500,000 shall be budgeted annually. $300,000 of such contingency reserve
shall be available for use,with City Commission approval,during the fiscal year,
to fund unanticipated budget issues, emergencies/natural disasters which may
arise or potential expenditure overruns which cannot be offset through other
sources or actions. This reserve level shall be replenished at the beginning of
each fiscal year so it is available on an on-going basis. $200,000 shall remain
unspent to provide for the year end reserve.
(b) Reserve for uncompensated absences and other employee benefit liabilities-the
City shall budget $65,000 annually in the General Fund, $17,500 in the Water
3
6. Financial Oversight and Reporting—The City shall provide for the on-going generation
and utilization of financial reports on all funds comparing budgeted revenue and
expenditure information to actual on a monthly and year-to-date basis. The Finance
Department shall be responsible for issuing the monthly reports to departments, the
Mayor and City Commission, and provide any information regarding any potentially
adverse trends or conditions. These reports should be issued within thirty(30)days after
the close of each month.
The annual external audit of the City shall be prepared and presented to the Mayor and
City Commission within 195 days of the close of each fiscal year 2003 and within 180
days of the close of each subsequent financial year.
7. Basic Financial Policies— The City shall endeavor to maintain formal policies, which
reflect"best practices" in the areas of:
i. Debt— such policy shall address affordability, capacity, strategies
for re-entering the bond market in the future, debt issuance and
management.
ii. Cash Management and Investments — such policy shall require
twenty-four(24)month gross and net cash-flow projections by fund
and address adequacy, risk, liquidity and asset allocation issues.
iii. Budget Development and Adjustments—such policy shall establish
proper budgetary preparation procedures and guidelines,calendar of
events, planning models by fund, budget adjustment procedures,
establishment of rates and fees, indirect costs/interest income and
5
Section 6. This Ordinance upon adoption shall be codified and included in The City of
Opa-locka Code of Ordinances.
PASSED AND ADOPTED this 26 day of February , 2003.
(... ,6:- p' ,/
MAYOI
Attest: Approved as to form and legal sufficiency:
0 .
ter • CI , CLERK C Y TTO la
Z "/D�
DAT
Moved by: Commissioner Holmes
Second by: Vice Mayor Johnson
Commission Vote: 5-0
Commissioner Holmes: YES
Commissioner Tydus: YES
Commissioner Kelley: YES
Vice-Mayor Johnson: YES
Mayor Taylor: YES
Ordinance/Financial Policies
7