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HomeMy WebLinkAboutO-11110J-93-878 1/6/ 94 11110 ORDINANCE NO. AN EMERGENCY ORDINANCE AMENDING THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, BY AMENDING ARTICLE IV OF CHAPTER 40, ENTITLED "PENSION AND RETIREMENT PLANS, DIVISION 2. CITY OF MIAMI FIRE FIGHTERS' AND POLICE OFFICERS' RETIREMENT TRUST," MORE PARTICULARLY BY AMENDING SECTIONS 40-205, 40- 212, 40-213, AND DELETING SECTION 40-213.1 CONTAINING A REPEALER PROVISION, A SEVERABILITY CLAUSE, AND PROVIDING FOR AN EFFECTIVE DATE UPON ADOPTION OF THIS ORDINANCE. WHEREAS, on April 6, 1993, the City of Miami, the International Association of Fire Fighters ("IAFF") and the Fraternal Order of Police ("FOP") entered into an agreement entitled, "Memorandum of Understanding," which was subsequently ratified by this Commission, the union membership of the IAFF and FOP, and the Board of Trustees of FIPO; and WHEREAS, the State of Florida, Department of Management Services, Division of Retirement, has reviewed the City of Miami Fire Fighters' and Police Officers' Retirement Trust September 21, 1993 Actuarial Impact Statement and has determined it to be State accepted. The January 7, 1994 Actuarial Impact Statement has been prepared for submission to the Division of Retirement; and WHEREAS, on December 28, 1993, Judge Sidney B. Shapiro, Judge of the Circuit Court in and for the Eleventh Judicial Circuit, Dade County, after due notice to members of the class, granted the Joint Motion to Amend the Final Judgment in the case styled Gates, et al. v. City of Miami, Case No. 77-9491 CA 04; and WHEREAS, it is the intent of this Ordinance to implement the terms and conditions set forth in the Amended Final Judgment and certain changes negotiated by and between the City of Miami and its labor unions, the IAFF and FOP, which labor agreements were ratified by this Commission on September 27, 1993. 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 thereto and incorporated herein as if fully set forth in this Section. Section 2. Section 40-205 of the Code of the City of Miami, Florida, as amended, is hereby amended in the following particulars:l/ "Sec. 40-205. Contributions. (A) Member contributions. (1) Effective January 9, 1994 and thereafter, irregular contributions of each member of the retirement system shall be made each pay period at the rate of ten and one half (10.-5-y percent 1( 0%) of each member's earnable compensation. Regular contributions required prior to January 8, 1994 shall be at the 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- 1.111.0 prior rate of • • • Of - - amount, a sum equal to two (2) pereent of the (B) City contributions. Effective October 1, 1993, Tthe city's annual fiscal contribution to the retirement system shall provide for the following: (1) noninvestment expenses of the retirement system; t4 amortization of the unfunded liability of the retirement systerer,- and (42) normal costs of the retirement system. (1) The city's contribution for noninvestment expenses of the retirement system in any given fiscal year shall be determined by the same process the city uses for that fiscal year in determining the budget of the downtown development authority and the department of offstreet parking. klll Aug - 3- 11110 - -- - -- - - - - - ILI' Offil -- -- MR -- 1 OF 11-11 NO Ow .. 2) The Citv's contribution to Normal Costs for FIPO shall be determined by applying the actuarially calculated aggregate normal cost percentage rate to the valuation payroll (covered payroll of active participants). The contribution shall be determined as of -4- 11110 October 1 of each year (based on the valuation payroll and the program provisions in effect at that time) for the fiscal year beginning on the subsequent October 1, adjusted for interest for one year, based on the actuarial assumptions. The funding method will be the Aggregate Actuarial Cost Method as such method is defined as of the date of the Amended Final Judgment by the American Academy of Actuaries. The actuarial methodology for evaluating assets shall be a moving market value averaged over three (3) years, from October _1, 1992, prospectively. (As of October 1, 1992, market value shall be used; as of October 1, 1993, a two-year moving average shall be used; as of October 1, 1994, and thereafter, the three-year moving average shall be used.) The average of ratios of market to book values as of the current and two most recent September 30's is applied to book value at the current September 30. The result cannot be greater than 120% of market value or less than 80% of market value. (4) The parties recognize that the amount to be contributed by the City to Normal Costs in any given year is affected by the assumptions made by the actuaries who calculate the Normal Costs by the method set forth in paragraph two (2) of this section. The calculation for Normal Costs shall be performed separately by actuaries for the City and for FIPO each using the method set forth in paragraphs two (2) and three (3) above. FIPO's actuary shall use the actuarial assumptions adopted by FIPO's Board. The City's actuary may use any actuarial assumptions deemed appropriate by that actuary. If FIPO's actuary and the City's actuary agree on the Normal Costs contribution for the City, that amount shall be contributed by the City. If the two actuaries cannot agree on the Normal Costs contribution after attempting to do so, they shall promptly select an independent third actuarv. If thev are unable to aaree on a third actuary, one shall be selected by the American Academy of Actuaries. The third actuary shall, as soon as practicable, submit a funding recommendation utilizing standard -5- 11110 acceptable funding techniques and assumptions to FIPO and the City Commission. The City Commission shall then fund the amount recommended by either FIPO's actuary or the City's actuary, whichever recommendation is closer to the recommendation of the third actuary. WIN MOM Rod 46 1 NMI (46) On or before May fifteenth of each year, the board shall certify to the city manager: (a) The amount of appropriation necessary to pay the normal costs and liability contributic to the retirement Syst FIPO for the next fiscal year, including the amount of any benefits payable on account of the departments of the City of MiamiF and (b) The amount of appropriation required to pay the noninvestment expenses of the retirement system for the next fiscal year. _L7A_ All contributions made by the City to FIPO for any given fiscal year shall be made quarterly, plus interest, in equal payments, on the first day of each quarter during the fiscal year in question; or sooner, at the City's option with appropriate interest -6- 1.111.0 Section 3. Miami, Florida, particulars:/ adjustment. if the amount of the contribution for Normal Costs to FIPO has not been determined by the payment date, then the City shall make quarterly payments, based upon the prior year's contribution. Once the amount of Normal Costs is determined, if the amount of the contribution differs from the amount previously paid, then a corresponding adjustment shall be made in full on the next quarterly payment." Section 40-212 of the Code of the City of as amended, is hereby amended in the following "Sec. 40-212. Benefits. (A) Service retirement. -- - - ir-41 .. A member exercising service retirement on or after October 4, 1991 and before January 9, 1994, shall be entitled to receive a retirement allowance equal to two and three- quarters (2.75) percent of the member's average final compensation multiplied by years of creditable service, which amount shall be paid yearly in monthly installments. A member exercising service retirement on or after January 9, 1994 shall be entitled to receive a retirement allowance equal to two and three quarters percent (2.75%) of the member's average final compensation 2/ 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. -7- 11110 multiplied by years of creditable service for the first fifteen (15) years of such creditable service. Such member shall also be entitled to receive a retirement allowance equal to three (3%) percent of members final average compensation multiplied by the years of creditable service in excess of fifteen (15) years. (B) Rule of 70 Retirement (2) Upon rule of 70 retirement, on or after October 4, 1991 and before January 9, 1994, a member shall be entitled to receive a retirement allowance equal to two and three- quarters percent (2.75%) of the member's average final compenation multiplied by the years of creditable service, which amount shall be paid yearly in monthly installments. Upon rule of 70 retirement, on or after January 9, 1994, a member shall be entitled to receive a retirement allowance equal to two and three-quarters percent (2.75%) of the member's average final compensation multiplied by the years of creditabel service for the first fifteen (15) years of such creditable service. Such member shall also be entitled to receive a retirement allowance equal to three (3%) percent of members final average compensation multiplied by the years of creditable service in excess of fifteen (15) years. (D) Vested Right to Retirement (2) Upon attainment of normal retirement age, a member not in service shall be entitled to reeaire--a— retirement allowetnee equal: to two and one half percent (2.5%) of multiplied by years of ereditable ser. which installments if thememberto berme 1991. A member electing to become a member not in service on or after October 4, 1991 -8- 11110 and before January 9J 1994 shall be entitled to receive a retirement allowance equal to two and three-quarters percent (2.75%) of the member's average final compensation multiplied by years of creditable service which amount shall be paid yearly in monthly installments, upon attainment of normal retirement age. A member electing to become a member not in service on or after January 9, 1994 shall be entitled to receive a retirement allowance equal to two and three- quarters percent (2.75%) of the member's average final compensation multiplied by the years of creditable service for the first fifteen (15) years of such creditable service. Such member shall also be entitled to receive a retirement allowance equal to three (3%) percent of members final average compensation multiplied by the years of creditable service in excess of fifteen (15) vears. upon attainment of normal retirement age. (E) Ordinary disability retirement. (2) _L I Upon retirement for ordinary disability on or after October 4, 1991 and before January 9, 1994, a member shall be entitled to receive a retirement allowance equal to two and and three-quarters (2.75) percent of ninety (90) percent of the member's average final compensation multiplied by years of creditable service, which amount shall be paid yearly in monthly installments, provided such retirement allowance exceeds thirty (30) percent of the member's average final compensation; otherwise, thirty percent (30%) of the member's average final compensation shall be paid vearlv in monthlv installments a eompens a --ion . -9- 11110 b) Upon retirement for ordinary disabilit on or after January 9, 1994, a member shall be entitled to receive a retirement allowance equal to two and and three-quarters (2.75) percent of ninety (90) percent of the member's average final compensation multiplied by the first fifteen (15) years of creditable service. Creditable service of such member in excess of fifteen (15) years shall be multiplied by three percent (3%) of ninety percent (90%) of the member's average final compensation times years of creditable service, which amount shall be paid yearly in monthly installments, provided such retirement allowance is at least thirty percent (30%) of the member's average final compensation, otherwise thirty percent (30%) of the member's average final compensation shall be paid yearly in monthly installments. *„ Section 4. Section 40-213 of the Code of the City of Miami, Florida, as amended, is hereby amended in the following particulars:3/ "Sec. 40-213. Cost of living allowance. (A) A COLA fund account shall be established for beneficiaries of the retirement system to be financed as follows: (1) , percent of the earnable compensation of each member shall be picked up eaeh pal per od by the city and credited to the e0I--. The two (2) percent COLA contribution made by a member prior to January 9, 1994 shall be a picked up contribution and shall be credited to the COLA account. t2f The city shall eontribute to the COLA fund an amount equal to one (1) pereent of the total 3/ 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. -10- 1.11.1.0 ni- r" -- .. a - (B2) Any contributions to the retirement system which are credited to the COLA fund account on behalf of any member in accordance with section 40-205(A)(1), and which are subsequently returned pursuant to any provision of this division which provides for the return of accumulated contributions, shall be paid from the COLA fund account. (E3) All other matters regarding the COLA fund account shall be determined by the COLA Committee. The COLA Committee shall be composed of the followina: a) A representative of IAFF, Local 587; b) A representative of FOP, Lodge No. 20; c) The City Manager's designee; d) The City's Labor Relations Officer; and e) A representative of the FIPO Pension Board. negotiations between the eCity, the board, and the barga-i—ing representatives of the 1AFF and the FE)P; provided that in determining the disbursement of CG funds to benef-'--'-- . --, priority shall be given to seralier monthly benefits due to the length of time gyp have been retired, except to the extent- their small benefits are the result of their or receipt of lump sum benefits. (B) Beginning with the 1994 COLA benefit, distributions shall be in addition to COLA benefits granted through 1993. The COLA benefit granted through 1993 shall be frozen. COLA account established as of January 1, 1994: (1)- The COLA shall be funded by apercentage of annual excess investment return from other than COLA account assets. The excess return will be determined as the difference between the actual return on actuarial asset value, net of investment expenses, and the lesser -11- 11110 of: (1) a 7.75% time -weighted rate of return on the actuarial value of assets; or (2) the current actuarial interest assumption, applied on a time weighted basis to the actuarial value of assets. The excess earnings going into the COLA account shall be used to fund a minimum annual payment of $2.5 million, increasing by 4% compounded per year. To the extent necessary, the City will fund the portion of the minimum annual payment not funded by annual excess earnings no later than January 1st of each year. (2) The first year's actual return shall be based on the time weighted rate of return on the actuarial value of the assets from October 1, 1991, through September 30, 1992. Thereafter, the actual rate of return will be based on the prior fiscal year to be used in the succeeding fiscal vear. (3) The percentages of such excess return to be transferred to the COLA account shall be determined as follows: Excess Return Percentaqe to be Transferred First 2.5% 75% Next 2.5% 50% Next 2.5% 25% Remainder 0% 4) The transfers shall be made by the FIPO Board as soon as practicable after the beginning of each fiscal year, but not later than January 1st, and shall be transferred only if FIPO remained in a net positive experience position, determined on a cumulative basis from October 1, 1982. The determination of the net experience position will be based on the difference between the actual unfunded actuarial liability and the expected unfunded actuarial liability, adjusted for any changes in benefits or assumptions, calculated under the individual entry age normal cost method. (5) All FIPO pension assets, including the COLA account, are integrated for investment purposes, with separate accounting maintained for administrative purposes. Earnings of the COLA account will not be considered for determining excess investment earnings. -12- 11110 (6) All assets in the COLA account at September 30, 1993, will be used for COLA benefits, contribution refunds and allocated expenses. (7) The actuarial interest and mortality assumptions used for FIPO will be used for r nT.A _ 8) COLA benefits will be determined on a defined benefit basis, based on the minimum City scheduled contribution. 9) The active member contributions into the COLA account will have an effective termination date of January 1, 1994. 10) In addition to current inactive and active employees, funding for the COLA benefits of future employees hired during the remaining term of the Amended final Judgment shall be defined and allocated through the remaining term of the Amended Final Judgment. 11) The monthly beginning Janu Table "A" of Aj COLA benefit :y 1, 1994, is nded Final Judi distribution summarized in City of Miami, Circuit Court Case CA 04. Such table is subject to nt, Gates v. No. 77-9491 modification by the COLA Committee annually based solely upon available assets and joint recommendations by the FIPO actuary and the City's actuary, using generally accepted actuarial principles and prudent reserves, and subject to the arbitration provisions of Section 40-205(B)(5 12) The available assets shall be identified and distributed in a defined tabular format. The COLA benefits table shall be based upon full years of creditable service at time of retirement and full years of retirement, as of April 1, 1994, and each April 1st thereafter. There shall be increasing dollar amounts for each additional full year of creditable service and full year of retirement. (13) Creditable service with the exception of accidental death, accident disability, and service -incurred disability is defined as follows: Date of Retirement: -13- 11110 minus: date of membershi plus; service bought back and military credit purchased plus; time before 1940 minus; time without pay 14) Years of retirement for benefits distributed beginning January 1st of a given year shall be projected forward to April 1st of that same year. 15) The present value of assets available for COLA benefits as defined within Stanley, Holcombe & Associates, Inc.'s September 21, 1993, Actuarial Impact Statement is 32,854,426. (16) The present value of benefits defined within the approved allocation table is $29,581,845. (17) Eligibility for receipt of the COLA benefit shall be based upon a retiree reaching at least four (4) full years of retirement after 46 years of age. Years of retirement shall be determined each year. (18) For accidental death, accidental disability, and service -incurred disability, years of service shall be defined as 25 years or actual creditable service if greater. Receipt of the COLA benefit shall be based on the retiree reaching at least 4 full years of retirement and 50 years of age. In the case of accidental death, the beneficiary shall be entitled to the COLA benefit on the April lst following the 50th anniversary of the employee's birth and the 4th anniversary of the employee's death. (19) COLA benefits for vested rights retirees shall be based upon such retiree reaching at least 4 full years of retirement after 50 years of age. 20) The COLA benefit shall reflect the defined FIPO benefit options. Existinq beneficiaries' benefits shall be based on the FIPO option, e.g., if the original option was joint and 40%, then the beneficiary would receive 40% of the benefit amount in the -14- 11110 benefit table. In the case of a retiree's life annuity option, benefits shall be 105% of the table amount." Section 5. Section 40-213 of the Code of the City of Miami is hereby repealed in its entirety. 0 to IP RIP Iwo V q�.-ALW Do Do WII IF IqL.!o 9 111 ip -15- 11110 :- - - - - - - .ArMiummoff7i- �f���)i�ll\�J llr:�:y=)i[�lrwrl--- K ..l���w �r7.[��rt. �rl�r• J 4P ir. --- - Section 6. All ordinances or parts of ordinances insofar as they are inconsistent or in conflict with the provisions of this Ordinance are hereby repealed. Section 7. 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 B. This Ordinance is hereby declared to be an emergency measure on the grounds of urgent public need for the preservation of peace, health, safety, and property of the City of Miami, and upon the further grounds of the necessity to make the required and necessary payments to its employees and officers, payment of its debts, necessary and required purchases of goods and supplies, and to generally carry on the functions and duties of municipal affairs. Section 9. The requirement of reading this Ordinance on two separate days is hereby dispensed with by an affirmative vote of not less than four -fifths of the members of the Commission. -17- .1 1 1.10 Section 10. This Ordinance shall become effective immediately upon its adoption. PASSED AND ADOPTED this 13th day of January , 1994. A/TT/ S V ' TTY HI I, CITY RK PREPARED AND APPD BY: T3AMON IrAS RI ASSISTATY�/TTORNEY APPROVETO FORM AND CORRECTNESS: AFQUINN S, III CITY ATTO EY RI:bf:M1069 STE EN P. CLARK MAYOR 11110 CITY OF MIAMI, FLORIDA 2 INTER -OFFICE MEMORANDUM TO: The Honorable Mayor and Members of the City Commission FROM Ces � Citygager Recommendation DATE January 6, 1994 SUBJECT Pension Ordinance Amendments REFERENCES: ENCLOSURES: FILE : It is respectfully recommended that the City Commission adopt by an affirmative vote of not less than four -fifths of the members of the City Commission an emergency ordinance amending Article IV of Chapter 40, entitled "Pension and Retirement Plans, Division 2. City of Miami Fire Fighters' and Police Officers' Retirement Trust." Background The emergency ordinance incorporates into the City's Pension Ordinance the terms and conditions set forth in the December 28, 1993 Amended Final Judgment granted by Judge Sidney B. Shapiro in the case styled Gates, et al. v. City of Miami and certain changes negotiated by and between the City of Miami and the International Association of Fire Fighters' (IAFF) and the Fraternal Order of Police (FOP). The City Commission has previously ratified the provisions of the emergency ordinance in separate resolutions. As the basis of the Amended Final Judgment, the City Commission ratified the April 6, 1993 Memorandum of Understanding between the City of Miami and the IAFF and the FOP on May 13, 1993 as Resolution 93-284. The City Commission also ratified both IAFF and FOP labor agreements containing relevant pension -related articles on September 27, 1993 as Resolutions 93-605 and 93-607 respectively. An amending ordinance is now necessary to immediately effect the pension - related provisions of both the Amended Final Judgment and the labor contracts. The immediate impact to the City from provisions of the Amended Final Judgment is the elimination of a $127.6 million unfunded liability and a reduction of $2.7 million in the City's Fy'94 pension costs. In addition, eligible retirees will now receive significant increases in cost -of -living (COLA) benefits. a- r .i 110 Mayor and Commission January 6, 1994 Page 2 Nature of Emergency The emergency ordinance is now necessary to immediately reduce the City's pension liabilities and costs, to immediately effect the benefit provisions for those fire and police department employees desirous of immediate retirement, and to immediately increase cost -of -living benefits for retirees. IN Cat#g of �iami MATTY HIRAI � %N <�f City Clerk v April 21, 1994 Office of the State Attorney Attention: Rosemary Ricotta 1350 N.W. 12th Avenue Miami, FL 33136-2111 Dear Ms. Ricotta: CESAR H. ODIO City Manager Enclosed herewith please find a copy of the following Ordinances which amend the Code of the City of Miami, Florida: 11107 11110 11112 11114 11115 11120 11122 Also enclosed is Resolution 93-485 which includes language of a Charter amendment which was approved by the electorate on November 2, 1993. Please acknowledge receipt of same by affixing your signature to the enclosed copy of this letter and return it to this office for our files. Thank you. Very truly yours, MATTY HIRAI City Clerk BY: r DEPUTY CLERK RECEIVED BY: DATE: MH:vg Enc. a/s OFFICE OF THE CITY CLERK/ 3500 Pan American Drive/P.O. Box 330708/Miami, Florida 33233-0708/(305) 250-5360/FAX(305) 858-1610 Titu of �iant' i MATTY HIRAI C�Svl W City Clerk April 21, 1994 Louis Tomeo Court Operations Officer 1351 N.W. 12th Street, Rm 7-701 Miami, FL 33125 Dear Mr. Tomeo: CESAR H. ODIO City Manager Enclosed herewith please find a copy of the following Ordinances which amend the Code of the City of Miami, Florida: 11107 11110 11112 11114 11115 11120 11122 Also enclosed is Resolution 93-485 which includes language of a Charter amendment which was approved by the electorate on November 2, 1993. Please acknowledge receipt of same by affixing your signature to the enclosed copy of this letter and return it to this office for our files. Thank you. Very truly yours, MATTY HIRAI City Clerk BY: . aa-" DEPUTY CLERXJ RECEIVED BY: DATE: MH:vg Enc. a/s OFFICE OF THE CITY CLERK/ 3500 Pan American Drive/P.O. Box 330708/Miami, Florida 33233-0708/(305) 250-5360/FAX(305) 858-1610 fvllitv of �Riami MATTY HIRAI City Clerk April 21, 1994 Ms. Becky DeNeve Vice -President - Supplements Municipal Code Corp. P.O. Box 2235 Tallahassee, FL 32304 Dear Ms. DeNeve: CESAR H. ODIO City Manager Enclosed herewith please find a copy of the following Ordinances which amend the Code of the City of Miami, Florida: 11107 11110 11112 11114 11115 11120 11122 Also enclosed is Resolution 93-485 which includes language of a Charter amendment which was approved by the electorate on November 2, 1993. If I can be of any further assistance, please do not hesitate to call. Very truly yours, Valerie Greenwood Deputy Clerk Enc. a/s OFFICE OF THE CITY CLERK/ 3500 Pan American Drive/P.O. Box 330708/Miami, Florida 33233-0708/(305) 250-5360/FAX(305) 858-1610 MIAMI BROWAR PALM BEACH 1 Dmff REvEw F F I 11 1 Palm h SOUTH FLORIDA S NEWSPAPERS OF ENTERPRISE. REAL ESTATE AND LAW 1 1 1 1 Affiliates of Time W-Rwmr-hc. r I_ Y Inc VIi i t. DAILY BUSINESS REVIEW CITY C L F K " P-T T N I: I 1 ': I P.O. BOX 010589 3 7 F MIAMI, FL 33101-0589 TERMS: NET DUE ON RECEIPT OF INVOICE i $I�ItLfxS 01�E 1$7ti111E 1 0. E P R7�A N i D AT i#fYOtCE Nt DESMWTIO 1 UNIT PRICE AMOUNT I L r Ll r C7 \''J>Tar.'_ rF nuIIFT [' rJr1l.trl.v._. Q% 0 1 111 f 1 f !7 i I I I N t c-� AL x -S U_ ff.L C-S, GILL F CNI=,=G1.3 °::2 "Jr"d , I ORIGINAL - PLEASE PAY FROM THIS INVOICE :. - - f- slit s MIAMI 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 Octelma V. Ferbsyre, who on oath says that she is the Super. visor, Legal Notices 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, FLORIDA ORDINANCE NO. 11110 In the ......................................... Court, was published in said newspaper in the Issues of February 25, 1994 Affiant further says that the said Miami Daily 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 mall matter at the post office In Miami In said Dade County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that she has neither pad nor promised any pe rm or corporation any des mis unt, rebate, comr refu d for the purpose of ssqdrIN this advertise t r pub cation in the said newsbasbr.I ✓ / C. A_ - X/ Sworn to and subscribed before me this 0 2.5.... day of .....Feb.ruary.... •/oog.94.. C%% t (SEAL) _ Octelma V. Ferbeyre personally knowve 1, 3 WKU4 NOTARY SEAL CHERYL H MARMER COMMISSION NO. CC191642 MYCOMMIMON RXP. APR. 12,1916 NOTICE All ineeeresLed persons wMAft neo" that on ow aw MrIF.Af Jamwy, 111111111114, the C*j Comminfon of Miami, FloyMe, adopbd the. iioaowNeg INted ordinslmm. ORDW MICE NO.11110 _. OF TF 0 f E . 'PENSION AND *MRSUENT'PLANS, DIVISM 2. CTfV OF MMAW'FIRE'FIGHTERB' ANf9'POLICE RETIREMENT' DUST.' #AO*E RAwnWLARLY SY AM19bHlia a'lONS 4WK I0E 4 4fIr415; AND DELET• 1" ING SWIM- M- I 3.CONTAINING A N&EALM PO& VISION. A St bNIt1TY CLAU111E: AW PROV1110110 FOR AN EFFECTIVE: DATE UMN ADOPTION OF TNIS ORDINANCE. OFAWIA04 Na 0111 A NECESSARY 00 1#'S, IN A FORM ACCEPTAISLeT0 . THE CITY ATfOMEY, TO ACCBMPLSH THE ACCEPT ANCE OF SAID GRAW CONTAMMIM113 A'REPEALER 'PRO. VISION AND A SEVER ABILITY CLAUSE. AN OppMi/JJU11EMiQN=CHARTER 54 OF THE CODE OF THE CITY OF "AMI, FLORM, AS.AMENDED, Emil TLED "ST'RE6T'Ei.AD $IDW ELKS", THEREBY CHANG- ING T"HE, STREET .EXCAVATION PERMIT FEE, ESTABUSHiNG A'FEE St"1i 11EOULE FOR THE USE OF THE PUBLIC RIGHTS Y BY PRMATE COMMUNICATIONS SYSTEMS AND Ff9RTfiER. PROMNG-FOR THE PRO- RATION OF PAS FOR PERM OS'OBTAINED PRIOR TO OR AFTE11 OCTOBER " 18T; . MOIL: RA>CTICULARLY,.:ft;Y AMENDItfKi SIC IOW 5W,'IMPMJIND 54.1SO OF THE CITY CODE; OONTAIMM A -REPEALER :PROVISION, A SEVE RAAIUTY'CLAUSE AND -PROVIDING FOR AN EFFECTIVE DATE 0810106ANCE NO.11113 AN ORDINAI'MPi6111.IN0PT ORDINANCE NO. Ii05l, AS AMENDED, ED FEBRUARY 14, IN5, IN ITS ENTIRETY, TIBY.,RELEASING ALL LIMITATIONS OF Al1TT ION ED>Flit$B1h1 CITY FUNDS ORFUNDS OF ANY RETINEMNN IT CONTROLLED NY THE CITY AGANST THE: REPUBLIC OF SOUTH AFRICA: CONTAINING A REPEALER PROVISION AND A SIEV- EWUNLITY CLAUSE. of NIA 1111a AN 0RIDIIN 14CE AMEXIMS CHAPTBt 64 OF THE CODE OF T14E CITY OF'IMAMIII; FLORR>A„AS AMENDED ENTI- TLED "STRBETS AND t;IDEYWLIRB". BY AMENDING SEC. TION $4-104 ENTITLED: "1410NSTANDARD STREET WIDTHS" SY MODIFYING THE WIDTH OF A CERTAIN STREET; COWA04M�G A REPEALER PROVINON, A SEW ERA81,1;.1T'Y CLAUSE, AND PROVIDING FOR AN EFFEC• TIVE DATE. Said 010MVIcoipM be tnepected by the "Ic'et the Office of the City Clerlt, 3500 h* Pan American DrMfemi, F$WW8, Morday through Friday, excluding holidays, between theLhoure of r W a:m. and 5:00 pnT. MATTY HIRAI CITY CLERK' CITY OF MIAMI, FLORIDA