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Home My WebLink AboutO-11199J-94-810 10/03/94 11199 ORDINANCE NO. AN ORDINANCE AMENDING SECTION 40-229 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, BY PROVIDING FOR CHANGES IN ; INVESTMENT GUIDELINES AND TYPES OF FUNDS WHERE INVESTMENT MAY BE MADE FOR MEMBERS OF CITY OF MIAMI GENERAL EMPLOYEES' AND SANITATION EMPLOYEES' RETIREMENT TRUST; CONTAINING A REPEALER PROVISION AND A SEVERABILITY CLAUSE; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Board of Trustees for the City of Miami General Employees' and Sanitation Employees' Retirement Trust recommends modifications to Section 40-229 of the Code of the City of Miami, Florida, relating to General Employees' and Sanitation Employees' retirement concerning investment guidelines and types of funds where investment may be made; NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. Section 40-229 of the Code of the City of Miami, Florida, as amended, is hereby amended in the following particulars:l/ Sec. 40-229. Trust fund. (C) Investments. (1) Trust funds may be invested without limitation in: 1/ Words and/or figures stricken through shall be deleted. Underscored words and/or figures shall be added. Remaining provisions are .now in effect and remain unchanged. Asterisks indicate omitted.and unchanged material. 11199 (2) Not more than five (5) percent of the fund may be invested in any one (1) entity of the categories listed below: (c) Interest -bearing obligations with a fixed maturity of any corporation within the United States; provided that such obligations are rated by at least two (2) nationally recognized rating services in any one (1) of the four (4) highest classifications approved by the comptroller of the currency for the investment of funds of national banks, or if only one (1) nationally recognized rating service shall. -rate such obligations, such rating service must_ have rated such a6set ba-eked securities rated at least one (I) nationally reeegnized rating . e. in case of two (2) different re-ings the higher rating shall prevai4. Any security downgraded subsequent to purchase which results in the security .falling below the recommended guidelines may be held at the Investment Manager's discretion. Section 2. All ordinances or parts of ordinances insofar as they are inconsistent or in conflict with.the provisions of this Ordinance are hereby repealed. Section 3. If any section, part of section, paragraph, clause, phrase, or word of this Ordinance is for any reason held or declared to be invalid, the remaining provisions of this Ordinance shall not be affected. Section 4. This Ordinance shall become effective thirty (30) days after final reading and adoption thereof. 11199 -2- I 1 • I PASSED ON FIRST READING BY TITLE ONLY this 27th day of October , 1994. PASSED AND ADOPTED ON SECOND AND FINAL READING BY TITLE ONLY this 17th day of November , 1994. ST HEN P. -LXRK, MAYOR �4 MATT HIRAI CITY CLERK D AND APP D BY: 0 IRIZA ASSISTANT LftTY ATTORNEY APPROVED AS TO FORM AND CORRECTNESS: . .!DVINN OWES, -TIr I CITY'ATT EY RI:bf:M2066 11199 .3- of MATTY HIRAI City Clerk ?S Of,Co F`,11Q. December 13, 1994 CESAR H. ODIO City Manager Louis Tomeo Court Operations Officer 1351 N.W. 12th Street, Rm 7-701 Miami, FL 33125 Dear Mr. Tomeo: Enclosed herewith please find a copy of the following Ordinances which amend the Cade of the City of Miami, Florida: 11184 11188 11189 11190 11191 11192 11196 11199 11200 11201 Also enclosed is Resolution 94-871. 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: DEPUTY CLER 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 tc.tfij of t�tritt MATTY HIRAI `1i 0j •ri, CESAR H. ODIO City Clerk F' >; City Manager � aii iiO1 e December 13, 1994 Office of the State Attorney Attention: Rosemary Ricotta 1350 N.W. 12th Avenue Miami, FL 33136-2111 Dear Ms. Ricotta: Enclosed herewith please find a copy of the following Ordinances which amend the Code of the City of Miami, Florida: 11184 11188 11189 11190 11191 11192 11196 11199 11200 11201 Also enclosed is Resolution 94-871. 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: 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 Cali of <�N °F'.t� CESAR H. OD{O MCitC CleHIRrk s' �y� City Manager Y h � uuu rrm � December 13, 1994 Ms. Becky DeNeve Vice -President - Supplements Municipal Code Corp. P.O. Box 2235 Tallahassee, FL 32304 Dear Ms. DeNeve: Enclosed herewith please find a copy of the following Ordinances which amend the Code of the City of Miami, Florida: 11184 11188 11189 11190 11191 11192 11196 11199 11200 11201 Also enclosed is Resolution 94-871. If I can be of any further assistance, please do not hesitate to call. Very truly yours, �v Valerie Gree wood Deputy Clerk Enc. a/s i i OFFICE OF THE CITY CLERK/ 3500 Pan American Drive/P.O. Box 330708/Miami, Florida 33233-0708/(305) 250-5360/FAX(305) 858-1610 f CITY OF MIAMI, FLORIDA r INTER -OFFICE MEMORANDUM ' 24 TO ; Honorable Mayor and Members DATE ; October 4, 1994 FILE of the City Commission SUBJECT : General Employees' and Sanitation Employees' Retirement Trust FROM : REFERENCES: Investment Guidelines Ces ENCLOSURES: - City ger RECOMMENDATION It is respectfully requested that the City Commission adopt the attached Ordinance to amend the Miami Code relating to the General Employees' and Sanitation Employees' Retirement Trust to permit more flexibility in the Trust's bond investments. BACKGROUND The Trust's financial advisor, Wyatt Investment Consulting, Inc., and the two fixed income investment managers, Sanford Bernstein and Richmond Capital Management, have recommended investment in bonds within the BBB rating classification. Presently, the pension trust may only invest in investment grade corporate debt issues and asset -backed securities rated AAA, AA, and A. The proposed amendment will permit the pension trust to invest in the four highest classifications of AAA, AA, A, and BBB. The proposed amendment will increase the Pension Trust's yield from bond investments. f i 19 9jeZPN =IAM19FI,.'OMDA ORDINANCE N0. 11000, AS AMENDED, THE 11 ZONING ORDINANCE OF•:THE CITY OF M.IAMb FLORIDA, ARID NOTICE TICLE 4, SECTION 401, SCHEDULE OF DISTRICT REGULATIONS, BY .CHANGING THE ZONING ,CLASS All inierd9tad ppeersona will take notice that on the 17th day of No- SIFICATION FROM O• PEKE TO Sb-5, BRICKELL vemberr 1994, the,City Commission of Miami, Florida, adopted the AVENUE AREA RESIDENTIAL OFFICE .DISTRICT FOR TERRACE,`MIAMI,.'FLORID� (MORE AAY' T 14TH i Ilavring titled or4linanoea THE PROPERTY LOCATED T 185 S0. . ARTICULARLY ORDINANCEN0.11197 DESCRIBED HEREIN);`'AND Y:,'MfNb ALL THE "'NNN RESC MIAMI �Rrz STATE OF F COUNTY OF Before th Octelms V. Supervisor, Review f/k/s and Legal H County, Flo being a Lego ENCYORDINANCEESTABLISHINGINITIAL NECESSARY- CHANGES ON- PAGE..0.°57 OF'SAID CES AND INITIAL APPROPRIATIONS FOR A ZONING .ATLAS; CONTAINING 'A REPEALER PROVI REVENUE FUND ENTITLED. `.VIOLENT SION ANDA. SEVERABILITY CLAUSE CRIMES TASK FORCE%.AND AUTHORIZING f MANAGER TO ACCEPT A GRANT IN THE ,OF, $17.643, FROM THE U.S. DEPARTMENT ORDINANCE NO.11203 ICE,'OFFICE OF JUSTICE PROGRAMS,' AND AN ORDINANCE AMENDING ORDINANCE' NO. 11ODD, WTE ANY "AND ALL DOCUMENTS NECES- AS AMENDRO,;;THE ZONING , ORDINANCE; OF THE . I ACCEPT SAID GRANT;, CONTAINING` A RE- CITY; OF MIAMI; ".FLORIDA:. BY; AMENDING', SECTION PROVISION AND A SEVERABILITY CLAUSE. 401, "SCHEDULE OF DISTRICT REGULATIONS",.'''TO ALLOW `DISCOUNT, MEMBERSHIP:' USE ORDINANCIE NO:,11198' ERS" AS A CONDITIONAL PRINCIPAL' �lSE {N THE:C i CITY AVVVCT7CVG POLITAN ORDIN ;'CITY.`MANAG NECESSARY: OF THE: GRAI SIGN AND A'S In the ............. ,'.AN ORbINAWC wes ubllsha p CODE '°;OF ,T NOV 3 C .. ,) PMENDED; q' Affiant fur Review is a County, Floric been contlnui each day (exc has been ent office In Mian one year next copy of.adver neither paid i any discount, of secud a t ...3. day (SEAL) Octelma V. :Y: ORDINANCE AMENDING ORDI- RESTRICTED COMMERCIAL' DISTRICT. BY -,SPECIAL t9, AbOPTED • ONAPRIL 16, 1993, EXCEPTION -ONLY,,. AND ESTABLISHING MINIMUM JSHED-:ANITIAL -RESOURCES: AND PARKING REOUIREMENT;' BY; ADDING :;TWO NEWS RIATIONS FOR A SPECIAL REVENUE `RESERVED" SECTIONS;. BY ADDING, sebTION 944, D,:.;"DRUG ABUSE :,RESISTANCE "DISCOUNT. MEMBERSHIP MERCHANDISERS% `;ES I PROVIDE -FOR AN INCREASE IN TABLISHING APPLICABLE REGULATIONS', FOR' SAID )F: $7b;217.'AS ;THE RESULT OF A, USE; AND BY AMENDING SECTION'2502,'-SPECIFIC - RANT•'APPLICATION FROM METRO- DEFINITIONS-, ;;TO PROVIDE A DEFINITION '-FOR COUNTY, AND AUTHORIZING THE-DISCOUNT;'MEMBERSHIP,, MERCHANDISER`;';CON. TO EXECUTE ANY.` DOCUMENTS TAINING 'A : REPEALER'. PROVISION AND'A SEVER I .ACCOMPLISH :THE ACCEPTANCE ABILITY CLAUSE; AND PROVIDING FOR AN EFFEC CONTAINING A REPEALER PROVI- TIVE DATE, 'ERABILITY CLAUSE. " RDiNANCE N ORDINANCE NO.-11204 AMENDING 5X.229 OF"IHE AN ORDINANCE'AMENDIN4 ORDINANCE'.NO 110H f ; CITY ° OF MIAMI, FLORIDA', ' AS AS AMENDED, THE ZONING ORDINANCE OF THE PROVIDING FOR CHANGES!'.IN IN- CITY OF MIAMI;',FLORIDA; BY AMENDING -ARTICLE 9, ' DELINES,AND. TYPES OF FUNDS SECTION 926 SIGNS;rSOE61FIO'LIMiTATIONS AND AENT MAY BE MADE FOR MEMBERS REQUIREMENTS;- BY, ADDING 'A NEW: SUBSECTION IAMI;_GENERAL: EMPLOYEES' AND. 926.9 -ENTITLED ;'`SIGNS OF„'HISTORIC". SIGN1Fi JIPLOYEES' RETIREMENT.r. TRUST; CANCE,' AND: P , VIDING ,PROCEDURES FOR.7:EX REPEALER PROVISION AND A SEV- EMPTING DESIGNATED" SIGNS- aF HISTOR{C'ct ISE; PROVIDING FOR AN EFFECTIVE NIFICANCE FROM .USUAL SIGN{LIMITATIONS, CON :TAINING .A. REPEALER PROVISION AND A' SEVER -ABILITY CLAUSE; AND PROVIDING FOR AN EFFEC RDINANCE NO 11200 - ' TIVE DATE ` RELATED, TO 'HISTORIC PRESER- 3ING 'THE . REQUIREMENTS FOR QROINAI lrE. NCl 11205 �E:AND REMOVAL OF MEMBERS. ` AN, .ORDINANCE .ESTABLISHING `APPROPRIATIONS - AND?ENVIRONMENTAL,: PRESERVA FOR `, CITY. OF MIAMI . CAPITAL': IMPROVEMENTS, CONFORM WITH THE PROVISIONS :CONTINUING :AND -> REVISING ` `PREVIOUSLY AP. NO 11130, ADOPTED°MARCH' 24, PROVED ;SCHEDULED'' " CAPITAL IMPROVEMENT iING FEES'FOR APPEALS OF DES- PROJECTS; `ESTABL'ISHING -,NEW <CAPITAL : IM CERTIFICATES OF APPROPRIATE P13OVEMENT'PROJECTS TO ,BEGIN DURING:FISCALkRTICULARLY; BY -AMENDING. SEC- YEAR 1994-95; REPEALING:: PROVISIONS OF:ORDI 1-4, AND 23.1=5-`OF� THE CODE, OF NANCE NO 11139; AS;AMENDED,.THE FiSGAL,.YEAR AMI FLORIDX.AS AMENDED,; CON- 1993=199A ' CAPITAL" t;IMPROVEMENTS,'`APPROPRIA EALER PROVISION AND A SEVER ` TIONS`ORDI;NANCE, :WHICH ,MAY BE ;IN.'CONFLICT AND PROVIDING FOR AN EFFEC WITH`THIS-ORDINANCE;'PROVIDING .CONDITIONS, AUTHORIZATIONS AND•. DIRECTIONS' TO THE CITY RDINANCE N0.11201 MANAGER AND CITY ".CLERK; CONTAINING A RE AMENDING,.:1HE 'REQUIREMENTS , PEALER PROVISIOWAND A SEVERABILITY CLAUSE OFFICE AND•.REMOVAL OF, MEM-, AND PROVIDING FOR AN EFFECTIVE DATE URBAN 'DEVELOPMENT --REVIEW Said ordinances may be inspected by the public at the Office of,' IFORM` WfTH' THE; PROVISIONS ,OF the City.Clerk, 3500 ,Pan AmQncan Drive, Mipmi,+Florlde; Monday , 11130r ADOPTED MARCH 24, 1994, through Friday; excluding :holidays, 'between_ the° hoUrs ot" 8 a m: ARLY BY AMENDING SECTION 62-84 and 5 p m ' F THE CITY OF.MIAMI, FLORIDA,' AS + �LSY of MATTYfHIRAI TAININCi A REPEALER PROVISION Ii W 9 CITY CLERK { 1BILITY "CLAUSE; AND PROVIDING a 3 IVE D TE s ~ .: CITY OF MIAMI,'FLORIDA (i (M2251) 1 Q i.to.i RDINANCE NO..11202 11/30 �q�Ecafto�� 113045M AMENDING"THE ZONING ATLAS:OF - ' 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 Ootelms V. Ferbsyre, who on oath says that she Is the Supervisor, Legal Notices of the Miami Dally Business Review VItle 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 NO. 11199 In the ....................... i?{Df}tXXt[............................... Court, was published Iri said newspaper In the Issues of Nov 30, 1994 Afflant further says that the sold 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 paid nor promised any person firm or corporation any discount, rebate, commissi ref d for the purpose of secu g this advertise f publi atton In the said news per Q Q Sworn to and subscribed before me this 30 November 94 ........day of.............................................../�.f ........... A.D. 19...... (SEAL) _ Y Octelma V. Ferbsyre psrsoligllyw e. � OFTICIAL NOTARY SEAL CHM1. H MARMRQ IY MCI- SION NO. M91642 M1'COMMMON BXP. AFL IZ1906