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HomeMy Public PortalAbout15-9112 ADOPTING A FINANCIAL RECOVERY PLAN WITHIN THE NEXT 30 DAYS Sponsored by: Commissioner T. Pinder RESOLUTION NO. 15-9112 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF OPA-LOCKA, FLORIDA, ADOPTING A FINANCIAL RECOVERY PLAN WITHIN THE NEXT THIRTY (30) DAYS TO ADDRESS THE FINANCIAL CHALLENGES OF THE CITY; PROVIDING FOR INCORPORATION OF RECITALS; PROVIDING FOR AN EFFECTIVE DATE WHEREAS, The Mayor and City Commission of the City of Opa-locka, Florida, acknowledge that the City is experiencing financial challenges; and WHEREAS, The Mayor and City Commission of the City of Opa-locka, Florida, have a duty to implement a financial recovery plan; and WHEREAS, The Mayor and City Commission of the City of Opa-locka, Florida, desire to adopt a financial recovery plan. NOW THEREFORE, BE IT RESOLVED THAT 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 Mayor and City Commission of the City of Opa-locka, Florida, shall hereby convene a workshop to create a financial recovery plan within thirty (30) days after the date of this Resolution to address the City's financial challenges. Section 3. The Financial Recovery Plan as agreed upon by the Commission shall then be presented to the Commission for adoption and implementation or revision, as necessary. Section 4. This Resolution shall take effect immediately upon adoption. Resolution No. 15-9112 PASSED AND ADOPTED this 12th day of November, 2015. • fl a L. Taylor Mayor Attest to: Approved as to form and legal sufficiency: ,.. Jo., a Flores Vincent T. Brown, Esq. Ci• Clerk The Brown Law Group, LLC City Attorney Moved by: COMMISSIONER SANTIAGO Seconded by: VICE MAYOR HOLMES Commissioner Vote: 5-0 Commissioner Kelley: YES Commissioner Pinder: YES Commissioner Santiago: YES Vice Mayor Holmes: YES Mayor Taylor: YES OQ P'LOCka 04 p U ;D ORRORA E.O City of Opa-Locka Agenda Cover Memo Commission Meeting 11/12/2015 Item Type: Date: X (EnterXin box) Ordinance Reading:� � g: (EnterXin box) (EnterXin box) X Public Hearing: Reduced costs,increased (EnterXin box) X X revenues and eficiences Amount unknown Funding Source: (Enter Fund&Dept) Advertising .. - <xi` (Enter Acct No.) General Fund Requirement: X (EnterXin box) Contract/P.O.Required: RFP/RFQ/Bid#: (EnterXin box) N/A Strategic Plan Related Strategic Plan Priority Area: Strategic Plan Obj./Strategy: (list the (EnterXin box) specific objective/strategy this item will address) Enhance Organizational D Bus.&Economic Dev 0 Public Safety 0 Quality of Education 0 Qual.of Life&City Image 0 Communcation 0 Sponsor Name Commissioner Department: Commissioner Pinder Pinder m- 41 try ='s -.1f;7' Adopt Financial Recovery Plan within 60 days