HomeMy Public PortalAbout10-8074 City's Reserve Sponsored by: Commissioner Johnson
Resolution No. 10-8074
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF OPA-LOCKA, FLORIDA, TO DIRECT
THE CITY MANAGER TO CERTIFY AT EACH
MEETING OF THE CITY COMMISSION THAT AT
LEAST FIVE HUNDRED THOUSAND DOLLARS
($500,000.00) REMAINS IN THE CITY'S RESERVE
ACCOUNTS; PROVIDING FOR INCORPORATION
OF RECITALS; PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, the City Commission of the City of Opa-locka believes it is
important to maintain the financial stability of the City of Opa-locka and therefore it is
necessary that the City of Opa-locka maintains at least Five Hundred Thousand Dollars
($500,00.00) in its reserve accounts at all times:
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY
COMMISSION OF THE CITY OF OPA-LOCKA,FLORIDA:
Section 1. The recitals to the preamble herein are incorporated by reference.
Section 2. The City Manager is hereby directed to certify to the City
Commission at each meeting of the City Commission that at least Five Hundred Thousand
Dollars ($500,000.00) remains in the City's reserve accounts.
Section 3. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 26th DAY OF May,2010.
Resolution No. 10-8074
JOS j L. KELLEYn
f. �1R
Attes • "
1°
Deborah S. Irby eller
City Clerk City Att,Irney
Moved By: JOHNSON J
Seconded by: HOLMES
Commission Vote: 5-0
Commissioner Holmes: YES
Commissioner Johnson: YES
Commissioner Tydus: YES
Vice Mayor Taylor: YES
Mayor Kelley: YES
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