7676-06
ORDINANCE NO. 7676-06
AN ORDINANCE OF THE CITY OF CLEARWATER,
FLORIDA, AMENDING ORDINANCE 7466-05 AND
REPEALING ORDINANCE 7584-06 TO CHANGE THE
DATE OF THE CITY OF CLEARWATER EMPLOYEES
PENSION PLAN SPECIAL ELECTION AND PROVIDING
AN EFFECTIVE DATE.
WHEREAS, the City of Clearwater has established the City of Clearwater
Employees Pension Plan; and
WHEREAS, the City has authority to amend the plan as permitted by law;
and
WHEREAS, in Ordinance No. 7466-05, the City amended the City of
Clearwater Employee Pension Plan, 92.399 to provide for expanded investment
authority for diversification of plan assets and established a referendum date;
and
WHEREAS, on February 16, 2006, the City Council adopted Ordinance
7584-06, changing the referendum date to November 14, 2006; and
WHEREAS, the City has determined that it is in the best interest of the
participants and taxpayers to change the date of the referendum called for by
Ordinance 7466-05 as rescheduled by Ordinance 7584-06; now therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CLEARWATER, FLORIDA
Section 1. That Section 4 of Ordinance 7466-05 calling a special
election for the purpose of voting on changes to the investment provisions in the
Employees Pension Plan is hereby amended to place the ballot question on the
March 13, 2006 City election.
Section 2. That Ordinance 7584-06 is hereby repealed.
Section 3. If any clause, section or other part or application of this
Ordinance shall be held in any court of competent jurisdiction to be
unconstitutional or invalid, such unconstitutional or invalid part or application shall
be considered as eliminated and shall not effect the validity of the remaining
portions or applications which shall remain in full force and effect.
Ordinance No. 7676-06
Section 4. All ordinances or parts of ordinances, resolutions or parts of
resolutions in conflict herewith are herby repealed to the extent of such conflicts.
Section 5. This ordinance shall take effect immediately upon adoption.
PASSED ON FIRST READING
August 3, 2006
PASSED ON SECOND AND FINAL
READING AND ADOPTED
August 17, 2006
~;(~
r=tank V. Hibbard
Mayor
Approved as to form:
Attest:
lJu
Pamela K. Akin
City Attorney
2
Ordinance No. 7676-06