A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MIAMI SPRINGS AUTHORIZING THE CREATION OF A TRANSPORTATION ENHANCEMENT TAX FUND AND A DISASTER RELIEF FUND WITHIN THE CITY’S BUDGET; PROVIDING FOR THE RECEIPT OF MONIES INTO SAID FUNDS; EFFECTIVE DATE.
WHEREAS, in light of the recent enactment into law of the Miami-Dade County Transportation Enhancement Tax, the city is in need of an appropriate Transportation Enhancement Tax Fund to receive the proceeds collected from said tax; and,
WHEREAS, in order to comply with recent comments and requirements provided by the City's outside auditors, it is necessary for the city to create a Disaster Relief Fund from which funds may be utilized in disaster or emergency conditions; and,
WHEREAS, it is both proper and appropriate to amend the City’s budget to account for the establishment of the aforesaid funds; and,
WHEREAS, it is necessary to authorize the transfer of funds from the City’s contingency fund in order to properly establish and implement the City’s newly created Disaster Relief Fund:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI SPRINGS, FLORIDA:
Section 1: That the City Council of the City of Miami Springs hereby creates a new Transportation Enhancement Tax Fund to be included within the City’s budget.
Section 2: That the City Council of the City of Miami Springs hereby creates a new Disaster Relief Fund to be included within the City’s budget.
Section 3: That the City Council of the City of Miami Springs hereby authorizes the amendment of the city budget to provide for the inclusion of the aforesaid newly created funds within the city budget.
Section 4: That the City Council of the City of Miami Springs hereby authorizes the transfer of Fifty Thousand ($50,000.00) Dollars from the City’s existing budgetary contingency fund account to the newly created Disaster Relief Fund.
Section 5: That the provisions of this Resolution shall become effective immediately upon adoption.
PASSED AND ADOPTED by the City Council of the City of Miami Springs, Florida, this 12th day of May, 2003.
The motion to adopt the foregoing resolution was offered by Vice Mayor Elza, seconded by Councilman Caudle, and on roll call the following vote ensued:
Vice Mayor Elza “aye”
Councilman Caudle “aye”
Councilman Pacheco “aye”
Councilman Youngs “aye”
Mayor Bain “aye”
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Billy Bain
Mayor
ATTEST: APPROVED AS TO LEGALITY AND FORM:
Jan K. Seiden
City Attorney
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Magalí Valls, CMC
City Clerk