Agenda Item # 10.a.
City Commission Regular Meeting
- Meeting Date:
- 02/03/2014
- Re
- Ordinance No: 14-002; Amendment to Chapter 13 for 185 Police Board
- Submitted For:
- Gloria Johnson
SUBJECT:
Ordinance No: 14-002, Amendment to Chapter 13, Police Officers Retirement; Amending Section 13-165(e) to permit the Board to use its discretion to invest and reinvest the moneys of the fund. SECOND READING
SUMMARY:
The amendment of Chapter 13 of the Code is to amend Section 13-165 (e) entitled Records, Accounts, Disbursements, Deposits, Contributions; actions to permit the Board to use its discretion to invest and reinvest the moneys of the fund.
RECOMMENDATION:
Adopt Ordinance No. L-14-002 amending Chapter 13 of the Code.
ALTERNATIVES:
Deny the amendment to the Code.
RESPONSIBLE STAFF:
Finance Director and City Clerk
COORDINATED WITH:
Office of the City Attorney, Jim Walker, Assistant City Attorney and Law Offices of Perry & Jensen, LLC (Police Officers’ Retirement 185 Fund Legal Council)
Fiscal Impact
- Budgeted Y/N:
- Fiscal Year:
- Account:
- Amount:
OTHER INFORMATION:
n/a
- Budgeted Y/N:
- n
- Fiscal Year:
- Account:
- Amount:
OTHER INFORMATION:
NA