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Home My WebLink AboutO-11879.,. J-99-990 12/7/99 ORDINANCE NO. AN ORDINANCE OF THE MIAMI CITY COMMISSION AMENDING CHAPTER 40/ARTICLE IV/DIVISION 3 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, ENTITLED "PERSONNEL/PENSION AND RETIREMENT PLAN/CITY OF MIAMI GENERAL EMPLOYEES' AND SANITATION EMPLOYEES' RETIREMENT TRUST", TO ALLOW FOR INVESTMENTS OF STOCK IN FOREIGN CORPORATIONS; MORE PARTICULARLY BY AMENDING SECTION 40-245 OF SAID CODE; CONTAINING A REPEALER PROVISION AND A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Board of Trustees of the City of Miami General Employees' and Sanitation Employees' Retirement Trust recommends amending Section 40-245 of .the Code of the City of Miami, Florida, relating to General Employees' and Sanitation_Employees' Retirement Trust Plan concerning the types of funds where investments may be made; NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Ordinance are hereby adopted by reference 1:1 thereto and incorporated herein as if fully set forth in this Section. Section 2. Chapter 40/Article IV/Division 3 of the Code of the City of Miami, Florida, as amended, entitled "Personnel/Pension and Retirement Plan/City of Miami General Employees' and Sanitation Employees' Retirement Trust", is hereby amended in the following particulars:'' "Chapter 40 PERSONNEL ARTICLE IV. Pensions and Retirement Plan Division 3. City of Miami General Employees' and Sanitation Employees' Retirement Trust Sec.. 40-245. Trust fund. (c) Investments. (2) Not more than five percent of the fund may be invested in any one entity of the categories listed below: 1' Words and/or figures stricken through shall be deleted. Underscored words and/or figures shall be added. The remaining provisions are now in effect and remain unchanged. Asterisks indicate omitted and unchanged material. - 2 - 1A879 Section 3. All ordinances or parts of ordinances insofar as they are inconsistent or in conflict with the provisions of this Ordinance are hereby repealed. Section 4. If any section, part of section, paragraph, clause, phrase or word of this Ordinance is declared invalid, the remaining provisions of this Ordinance shall not be affected. Section 5. This Ordinance shall become effective thirty (30) days after final reading and adoption thereofY PASSED ON FIRST READING BY TITLE ONLY this -1 th day of zf This Ordinance shall become effective as specified herein unless vetoed by the Mayor within ten days from the date it was passed and adopted. If the Mayor vetoes this Ordinance, it shall become effective immediately upon override of the veto by the City Commission or upon the effective date stated herein, whichever is later. - 3 - 118 7 9 0 PASSED AND ADOPTED ON SECOND AND FINAL READING BY TITLE ONLY this 13th day of January- 1 2000. JOE CAROLLO, MAYOR In accordance with Miami Coda Sec. 2-'36, since th n lh/ayor did not indicate approvs,', of this legislation by signing it in the des�g�nztsd plece praviri� 3;id nu,,v becomes effective with the elapse of tun (10) days f v n ti Is da%,ts of Cornrn!ss:- regarding same, without the Mayor exercisinga v ATTEST: Walter (.:oe qCity Clerk WALTER J. FOEMAN CITY CLERK - X, V.-F-7,KM AND CORRECTNESS NDRO VILARELLO ATTORNEY W799:RCL:hdb:BSS - 4 - 11879 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM 1O The Honorable Mayor and DATE: Membe of the City Commission SUBJECT. FROM: REFERENCES: o . Warshaw City Manager ENCLOSURES: RECOMMENDATION DEC 13 FILE: Amendment to Section 40-245 of the City Code . The Board of Trustees for the City of Miami General Employees' and Sanitation Employees' Trust (GESE) requests an amendment to Section 40-245 of the City Code to allow for investment in foreign stocks. BACKGROUND The City of Miami General Employees' and Sanitation Employees' Trust in reviewing its investment guidelines and upon consultation and recommendation of its Investment Consultant, Watson Wyatt, have determined that it would be beneficial to the Trust to invest in foreign stocks. The ability to invest in foreign stocks provides for greater diversification thereby reducing the Trust's overall risk in its investment portfolio. 'DHW/RS W/rsw c: Sandra Elenberg, GESE Pension Administrator i • MIAMI DAILY BUSINESS REVIEW Published Daily except Saturday, Sunday and Legal Holidays Miami, Miami -Dade County, Florida. STATE OF FLORIDA COUNTY OF MIAMI-DADE: Before the undersigned authority personally appeared Octelma V. Ferbeyre, who on oath says that she is the Supervisor, Legal NQtices of the Miami Daily Business Review f/k/a Miami Review, a daily (except Saturday, Sunday and Legal Holidays) newspaper, published at Miami in Miami - Dade County, Florida; that the attached copy of advertise- ment, being a Legal Advertisement of Notice in the matter of CITY OF MIAMI ORDINANCE NO. 11879 XX in the......................xxxx.................. Court, wa$ prilished � sq 'd p�w�paper in the issues of Affiant further says that the said Miami Daily Business Review is a newspaper published at Miami in said Miami - Dade County, Florida, and that the said newspaper has heretofore been continuously published in said Miami -Dade County, Florida, each day (except Saturday, Sunday and Legal Holidays) and has been entered as second class mail matter at the post office in Miami in said Miami -Dade County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says th he Dq neither paid nor promised any perso irm or,rr6on ny discount, rebate, com- mission ref rpos of securing this advertisement f Du c n aid ewspaper. kul before me this - 2000 djfy oy .... .. t°f s ..1.1 ................ A.D........ (SEAL) Octelma V. Ferbeyre personally known to me. •.•4 ryty, MARIA I. MESA -. MY COMMISSION ii CC 885840 a EXPIRES: March 4 2004 WA on °�•Bonded Thru Notary public underwriters C CITY OF MIAMI, _FLORIDA ` NiOTICE- OF PROPOSED ORDINIANICES All interested persons will take notice that on the 13th of January, 2000, the City Commission of.Miami, Florida adopted the following titled ordi- nances: .ORDINANCE NO. 11111.871!i •'' AN EMERGENCY ORDINANCE OF THE'. MIAMI CITY COM- MISSION AMENDING CHAPTERy18/ARTICLE III OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, EN- TITLED "FINANCE/PURCHASING AND CONTRACTS GEN- ERALLY," TO ALLOW SERVICES RELATED TO CULTURAL, EDUCATIONAL,_ RECREATIONAL .OR PARK ACTIVITIES ' PROVIDED BY -NON-PROFIT ORGANIZATION§WITHIN CITY. PARKS TO BE AWARDED WITHOUT COMPETITIVE NEGOTI- • .. ATIONS; MORE,PARTICULARLY_BY AMENDING SECTION 18 -'80 -,CONTAINING A REPEALER PROVISION,AND-A SEV-, ERABILITY CLAUSE 'AND ,PROVIDING FOR AN EFFECTIVE - DATE. - r ORDINANCE NO. 11879 AN ORDIAANCE OF THE MIAMI CI . CT' 0_M_ 18SION AMEND-�- ING CHAPTER 46/ARTICLE IV/DIVISION 3 OF THE CODE OF - THE CITY OF MIAMI, FLORIDA, AS AMENDED, ENTITLED. "PERSONNEUPENSION AND RETIREMENT PLAN/CITY OF; - MIAMI GENERAL EMPLOYEES'.AND SANITATION EMPLOY-. EES'. RETIREMENT TRUST„TO.ALLOW FOR INVESTMENTS, OF STOCK IN FOREIGN CORPORATIONS; MORE PARTICU-, . LA%Y BY AMENDING SECTION'40-245.OF SAID. CODE;' ' CONTAINING,A REPEALER PROVISION AND A SEVERABILP. TY�CLAUSE; PROVIDING FOR AN EFFECTIVE DATE. ORDINANCE NO. 11880 AN ORDINANCE.OF.THE MIAMI CITY COMMISSION AMEND- ING CHAPTER 54/ARTICLE ,V/SECTION 54-190 OF THE CODE -OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, EN- TITLED "STREETS AND.;' SIDEWALKS/BASE BUILDING. LINES/NONSTANDARD••STREET WIDTHS,:' --TO MODIFY THE . WIDTH .OF,NORT_HEAST,.t2TH,STREET BETWEEN'NORTH- EASTBISCAYNE BOULEVARD AND NORTHEAST 2ND AVE-_ NUE, .MIAMI, FLORIDA;, CONTAINING "A;REPEALER PROVI- SION AND A SEVERABILITY CLAUSE, AND PROVIDING FOR - AN EFFECTIVE DATE. ' ORDINANCE N0: 11881 AN ORDINANCE OF THE MIAMI,CITY'COMMISSION AMEND- ING CHAPTER;38/ARTICLE I,bF THE _CODE'OFTHE CITY OF MIAMI, FLORIDA, -AS AMENDED; ENTITLED "PARKS, AND RECREATION/IN GENERAL,” TO•ESTABLISH FLAT -RATES" AND. CHANGING CERTAIN CONFERENCE ROOMS TO REN- TAL OFFICE SPACE AT THE.MANUEL ARTIME COMMUNITY CENTER; MORE PARTICULARLY. BY AMENDING SECTION 38-8; CONTAINING A REPEALER- PROVISION AND A SEVER- ABILITY CLAUSE `AND PROVIDING FOR AN EFFECTIVE' DATE.' _ ORDINANCE N0. 11882 I = ' i AN ORDINANCE OF THE MIAMI CITY -COMMISSION,ESTAB- LISHING A SPECIAL REVENUE' FUND ENTITLED_"CITY OF - - MIAMI PROGRAMS;FOR PERSONS WITH; DISABILITIESMIA-._1, . I MI-DADE-COUNTY .ADA GRANT" AND APPROPRIATING-- 1 ,F.,UNDS FOR;ITS_OPERAT!ON;!N TH_E:AMOUNTS.OF-$58,8781 i FROM 1'996-1997 GRANT FUND; $61,038.61 FROM 1997, 1998 GRANT FUND; - AND $51;783.39 FROM 1998-1999 GRANT FUND, FROM MIAMI-DADE COUNTY, OFFICE OF . AMERICANS WITH DISABILITIES ACT ("ADA') COORDINA TION; AUTHORIZING THE,CITY MANAGER TO ACCEPT. SAID GRANT AWARDS .AND TO EXECUTE THE`NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE`CITY AT- TORNEY, FOR SAID PURPOSE; CONTAINING A REPEALER PROVISION AND A SEVERABILITY CLAUSE..,. Said proposed ordinances may be inspected by the public at the Office of the City Clerk, 3500 Pan American Drive, Miami, Florida, Monday 'through Friday, excluding liolidays,.between the hours of 8 a.m. and.5 P.M. �m (IMIAMI DAILY BUSINESS REVIEW Published Daily except Saturday, Sunday and Legal Holidays Miami, Dade County, Florida. STATE OF FLORIDA COUNTY OF DADE: Before the undersigned authority personally appeared Sookie Williams, who on oath says that she is the Vice President of Legal Advertising of the Miami Daily Business Review f/k/a Miami Review, a daily (except Saturday, Sunday and Legal Holidays) newspaper, published at Miami in Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement of Notice in the matter of CITY OF MIAMI ORDINANCE AMENDING CHAPTER 40/ARTICLE IV/DIVISION 3 OF THE CODE, ETC. in the ...........XXXXX ...................... Court, .. wf5gblisjed ,n sai"vyspaper in the Issues of Affiant further says that the said Miami Dally Business Review is a newspaper published at Miami in said Dade County, Florida, and that the said newspaper has heretofore been continuously published in said Dade County, Florida, each day (except Saturday, Sunday and Legal Holidays) and has been entered as second class mail matter at the post office in Miami In said Dade County, Florida, for a period of one ye xIt preceding the first publication of the attached copy,f a ertisemennt and affiant further says that she has netrecurnjq or p d nor promised any person, firm or corporation anyisnt, rebate, commission or refund for the purpose of this adWrtlsement for publication in the said F11 I & E , w1i � M—A 30 rgto aL5;07�7A.D. sub fore me this ,� .... 19..... . (SEAL)P� 00 , OFFICIAL NOTARY AAL JANETT LLEREi�A Sookle Williams p v ¢n to rrtM"S&� NUMBBR � ~+ Q CC566004 f� My 0OMM1SSiON EXPIRES qF F`OJUNE 23,2000 C j . !, CITYiOF MIAMI, FLOFRIDA NOTiICE OF PIROPOSEDrI ORDINANCES . `. '- .. Notice! is'herebygiven that the: pity'Commission of. the City of Mia..mi Florida, will consider the, owing ordinances on second and finai:readin( { on January 13, 2000 commencing,at 10:o0 a.m., in the City,Comm-issior Chambers, 3500 Pan Am erican Drive; Miami Florida i ; I ORDINANCE NO. " .• AN ORDINANCE OF THE MIAMI �CITY'COMMISSION•AMEND !i ING. CHAPTER `54,/All TICLE V/SECTION+'54-190. OF, THE CODE OF. THE CITY OF MIAMI, FLORIDA,.AS AMENDED: EN ' TITLED !j "STREETS AND •' SIDEWALKS/BASE ''BUILDING' LINES/NONSTANDARD STREET WIDTHS; TO MODIFY THE' WIDTH OF NORTHEAST 12TH STREET BETWEEN.NORTH- EAST;BISCAYNE BOULEVARD AND NORTHEAST 2ND AVE NUE, MIAMI, FLORIDA; CONTAINING A REPEALER PROVI SION AND A SEVERABILITY CLAUSE, AND, PROVIDING FOR AN EFFECTIVE DATE` I I'ORDINANCE-NO.� AN ORDINANCE OF THE.MIAMI'!CITY COMMISSION AMEND INGICHAPTER 40/ARTICLEIV/DIVA OF T' F CODE.OF, THE Cil lq L RI, A,. AS' AMENDED, 'ENTITLED RERSONNEL/PENSION, A.ND RETIREMENT PLAN/CITY OF MIAMI'GENERAL' EMFLO.YEES':AND SANITATION. EMPLOY- - EES' RETIREMENT•TRUST,,TO ALLOW'FOR INVESTMENTS• OF STOCK IN FOREIGN CORPORATIONS MORE!PARTICU- LARLY BY AMENDING'`SECTION 40-245I' OF SAID CODE; CONTAINING A REPEALER PROVISION AND A SEVERABILi;, TY CLAUSE PROVIDING•FOR AN' EFFECTIVE DATE. { I ;:, �� : j ORDINANCE NO. • ' '• • - ' . AN ORDINANCE OF THE MIAMI'CITY COMMISSION AMEND -,1 AG' SECTION 38-6. OF THE'iCODE OF.THE CITY;OF MIAMI; FLORIDA, AS•AMENDED, BY ESTABLISHING A''FLAT ,RATE FOR THE USE 'OF THE• MANUEL' ARTIME=.PERFORMING ARTS -' CENTER; 11 ,ELIMINATING - SOME'• _'CONFERENCE ROOMSIOF THE'MANUEL:ARTIME COMMUNITY CENTER AND CHANGING THEM AS RENTAL OFFICE SPACE.,:-; I i p' I,.• t 1 ':ORDINANCE NO = AN ORDINANCE OF THE MIAMI CITY COMMISSION ESTAB- ,0SHING A SPECIAL'REVENUE FUND'ENTITLED 'CITY OF jP+IT SD C�.rt�A/ITL( IIICARII ICC I MIAIv11 ROGRAMS- FOR PER N. DADE,*COUNTY ADA GRANT -.AND AF 7 , IN tHE;AmbUNTS(SPECIFIED'AVF01 199( 1T§k!.GRANT• FUNDS; 461,03f GRANT 'FUNDS; AND $51',783:39 FR FUNDS,"CONSISTING OF•THREE'(3) , DADE COUNTY, j;OF,FICE OF'• ADA THORIZING THE CITY MANAGER TO AWARDIAND TO EXECUTEITHE'NEC IN A FORM ACCEPTABLE TOPTHE I A Said proposed ordir of ithe City Clerk; 35, through Friday,pexclu .P.M.: I All interestedlpersa with respect fo ttie'ped I peal any decision of W considdie`d at this'm record of the proceed {upon which any appe ,. Al 0 f r .o.fie , 12J30 JTAINING, AiRE CLAUSE .% i may be inspecte =ROM `1997-1 998-1999 GR 4ATION, AU SAID GRANT. fyj�ATTORNEY, FOR, 'EALER';PROVISIOM, I by the public at the Office Miami, Florida, Monday' the- hours "of 8 a.rrii: incl '5 may appear.at the me jting and may bii,hea sed ordince ans'Should any perison°desire to a ;iiVCommiS"sion with respect to'any matte"r to I prig; that person shall 'ensure/that a verbati js is` made including all testimony and e�idern nay be based i9 I :,WALTER,J+ FOEMANI . CITY CLERK r I S} t +„ .99-4 1230142/9030