HomeMy WebLinkAboutR-20-0279City of Miami
1 i.RR .I
Legislation
alldl 1l+
Resolution: R-20-0279
File Number: 7761
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 9/10/2020
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE CITY OF
MIAMI FIRE FIGHTERS' AND POLICE OFFICERS' RETIREMENT TRUST
FUND ("FIPO RETIREMENT TRUST FUND"), ATTACHED AND
INCORPORATED AS COMPOSITE EXHIBIT "A", IN THE AMOUNT OF
$2,181,634.00 TO PROVIDE FOR THE ADMINISTRATION OF THE FIPO
RETIREMENT TRUST FUND FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021.
WHEREAS, Section 40-194 of the Code of the City of Miami, Florida, as amended,
authorizes the Board of Trustees ("Trustees") to administer the City of Miami Fire Fighters' and
Police Officers' Retirement Trust Fund (TIPO Retirement Trust Fund"); and
WHEREAS, an annual budget is required to properly administer the FIPO Retirement
Trust Fund; and
WHEREAS, the Trustees reviewed and approved the FIPO Retirement Trust Fund's
budget for Fiscal Year 2020-2021 on April 16, 2020 in the amount of $2,181,634.00, attached
and incorporated as Composite Exhibit "A"; and
WHEREAS, the Trustees request the approval of the FIPO Retirement Trust Fund's
budget for Fiscal Year 2020-2021 in the amount of $2,181,634.00, attached and incorporated as
Composite Exhibit "A";
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as is fully set forth in this Section.
Section 2. The FIPO Retirement Trust Fund's Fiscal Year 2020-2021 budget, attached
and incorporated as Composite Exhibit "A", in the amount of $2,181,634.00 to provide for the
administration of the FIPO Retirement Trust Fund is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 1 of 2 File ID: 7761 (Revision:) Printed On: 101712020
File ID: 7761
Enactment Number: R-20-0279
APPROVED AS TO FORM AND CORRECTNESS:
1
Vft6ria-Vrdel, City Attor iey 812712020
City of Miami Page 2 of 2 File ID: 7761 (Revision:) Printed on: 101712020