Legislation Details

File #: 24-5493    Version: 2 Name: Ordinance #2024-11 “Capital Asset Reserve Fund Policy”
Type: Ordinance Status: Agenda Ready
File created: 1/24/2024 In control: Council Meeting
On agenda: 3/13/2024 Final action:
Title: Ordinance #2024-11 "Capital Asset Reserve Fund Policy" AN ORDINANCE OF THE MAYOR AND THE CITY COUNCIL OF THE CITY OF DORAL, FLORIDA, AMENDING ARTICLE IV "FINANCIAL MATTERS" OF CHAPTER 2 "ADMINISTRATION" TO CREATE SECTION 2-253 OF THE CITY OF DORAL CODE OF ORDINANCES ENTITLED "CAPITAL ASSET RESERVE FUND POLICY," WHICH SHALL PROVIDE FOR MINIMUM CONTRIBUTIONS AND A MINIMUM FUND BALANCE WITHIN THE INFRASTRUCTURE REPLACEMENT FUND OF THE CITY'S BUDGET; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCORPORATION INTO THE CODE; AND PROVIDING FOR AN EFFECTIVE DATE
Sponsors: Mayor Fraga, Finance
Attachments: 1. Memo, 2. Mayor Memo, 3. Renewal and Replacement Policy, 4. Ord. No. 2024-11 Business Impact Estimate, 5. Ord. No. 2024-11 Capital Asset Reserve Fund Policy

Title

Ordinance #2024-11 “Capital Asset Reserve Fund Policy”

AN ORDINANCE OF THE MAYOR AND THE CITY COUNCIL OF THE CITY OF DORAL, FLORIDA, AMENDING ARTICLE IV “FINANCIAL MATTERS” OF CHAPTER 2 “ADMINISTRATION” TO CREATE  SECTION 2-253 OF THE CITY OF DORAL CODE OF ORDINANCES ENTITLED "CAPITAL ASSET RESERVE FUND POLICY,” WHICH SHALL PROVIDE FOR MINIMUM CONTRIBUTIONS AND A MINIMUM FUND BALANCE WITHIN THE INFRASTRUCTURE REPLACEMENT FUND OF THE CITY’S BUDGET; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCORPORATION INTO THE CODE; AND PROVIDING FOR AN EFFECTIVE DATE