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HomeMy WebLinkAboutItem #11 - First Reading OrdinanceJ-00-73 1/20/00 ORDINANCE NO. AN ORDINANCE OF THE MIAMI CITY COMMISSSION AMENDING CHAPTERS 2 AND 18 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, ENTITLED "ADMINISTRATION" AND "FINANCE" TO REMOVE PROVISIONS RELATING TO THE ANTI -DEFICIENCY ACT FROM CHAPTER 2 AND RELOCATE SAME TO CHAPTER 18 IN NEW ARTICLE IX ENTITLED "FINANCIAL POLICIES"; FURTHER AMENDING CHAPTER 18 TO SET FORTH FINANCIAL POLICIES AS THEY RELATE TO FINANCIAL INTEGRITY PRINCIPLES; MORE PARTICULARLY BY (A) DELETING NAMED REFERENCE' TO AN ARTICLE XII IN CHAPTER 2, (B) RELOCATING SECTIONS 2-1145 THROUGH 2-1148 TO CHAPTER 18, NEW ARTICLE IX/DIVISION 1 AS SECTIONS 18-500 THROUGH 18-503, 'AND (C) CREATING NEW DIVISION 2 TO NEW ARTICLE IX, WITH SECTIONS 18-540 AND 18-541; CONTAINING A REPEALER PROVISION AND A SEVERABILITY CLAUSE. WHEREAS, on December 2, 1996, the Governor of the State of Florida was officially notified of a financial emergency in the City of Miami; and WHEREAS, the C.it p� Miami, the Governor and the Financial Oversight Board ("SOB") entered into an Intergovernmental Cooperative Agreem (ICA) which set forth corrective actions to be taken to el i to the financial emergency; and WHEREAS, i two years, the FOB'S participation is expected to be cnc1 , and the City desires that the use of financial "best p ct1ses" be continued to .assure maximum protection of