HomeMy WebLinkAboutItem #07 First Reading of Ordinances Regarding Approval of change to the City of Ocoee General Employees' Retirement Trust Fund
AGENDA ITEM COVER SHEET
Meeting Date: 12/16/08
Item # '7
Contact Name:
Contact Number:
James Carnicella
1032
Reviewed By: ~ .
D~partment Director:.i t/~~
City Manager: '
Subject: Approval of
ent Trust Fund.
Background Summary:
The Pension Board for the City of Ocoee Municipal General Employees' Retirement Trust Fund is governed
by ordinance. Trustees of the Pension Board currently serve two-year terms.
Issue:
Amendment to the General Employees' Pension Ordinance to change the term for the Board of Trustees from
two-years to five-years.
Recommendations
It is the recommendation of staff that the attached Ordinance amendment be approved.
Attachments:
An Ordinance amendment drafted by legal counsel for the General Employees' Pension Board.
Financial Impact:
None.
Type of Item:
o Public Hearing
~ Ordinance First Reading
o Ordinance First Reading
o Resolution
o Commission Approval
o Discussion & Direction
For Clerk's Dept Use:
o Consent Agenda
o Public Hearing
o Regular Agenda
D Original Document/Contract Attached for Execution by City Clerk
D Original Document/Contract Held by Department for Execution
Reviewed by City Attorney
Reviewed by Finance Dept.
Reviewed by ( )
o N/A
o N/A
o N/A
ORDINANCE NO. 20-
AN ORDINANCE OF THE CITY OF OCOEE, FLORIDA,
RELATING TO THE CITY OF OCOEE MUNICIPAL
GENERAL EMPLOYEES' RETIREMENT TRUST FUND,.
ADOPTED AND RESTATED IN FULL BY ORDINANCE
NUMBER 96-19; AS SUBSEQUENTLY AMENDED;
AMENDING SECTION 3, BOARD OF TRUSTEES;
REPEALING ALL ORDINANCES IN CONFLICT HEREWITH
AND PROVIDING AN EFFECTIVE DATE.
SECTION 1: Authority. The City Commission of the City ofOcoee has the authority
to adopt this ordinance pursuant to Article VIII ofthe Constitution ofthe State of Florida and
Chapter 166, Florida Statutes.
SECTION 2: That Ordinance No. 96-19, adopting the amended and restated City of
Ocoee Municipal General Employees' Retirement Trust Fund, as subsequently amended, is
hereby amended by amending Section 3, Board of Trustees, subsection 1., to read as follows:
1. The sole and exclusive administration of and responsibility for the proper operation
ofthe System and for making effective the provisions ofthis ordinance are hereby vested in a Board
of Trustees. The Board of Trustees is hereby designated as the plan administrator. The Board of
Trustees shall consist of five (5) Trustees, two of whom, unless otherwise prohibited by law, shall
be legal residents of the City, who shall be appointed by the Ocoee City Commission, and two of
whom shall be full-time vested Members of the System, who shall be elected by a majority of the
General Employees who are Members ofthe System. The fifth Trustee shall be chosen by a majority
of the previous four Trustees as provided for herein, and such person's name shall be submitted to
the Ocoee City Commission. Upon receipt of the fifth person's name, the Ocoee City Commission
shall, as a ministerial duty, appoint such person to the Board of Trustees as its fifth Trustee. The
fifth Trustee shall have the same rights as each of the other four Trustees appointed or elected as
herein provided and shall serve a two (2) five (5) year term unless he or she sooner vacates the office.
Each resident Trustee shall serve as Trustee for a period of two (2) five (5) years, unless he or she
sooner vacates the office or is sooner replaced by the Ocoee City Commission at whose pleasure he
or she shall serve~ ~ach Member Trustee shall serve as Trustee for a period of two (2) five (5) years,
unless he or she sooner leaves the employment of the City as a General Employee or otherwise
vacates his or her office as Trustee, whereupon a successor shall be chosen in the same manner as
the departing Trustee. Each Trustee may succeed himself or herself in office. The Board shall
establish and administer the nominating and election procedures for each election. The Board shall
meet at least quarterly each year. The Board shall be a legal entity with, in addition to other powers
and responsibilities contained herein, the power to bring and defend lawsuits of every kind, nature,
and description.
SECTION 3. Repeal of Ordinances. All ordinances or parts of ordinances in conflict
herewith are hereby repealed.
SECTION 4. Effective Date. This ordinance shall take effect upon adoption.
PASSED AND ADOPTED this _ day of , 2008.
APPROVED:
ATTEST: CITY OF OCOEE, FLORIDA
By:
Beth Eikenberry, City Clerk S. Scott Vandergrift, Mayor
(SEAL)
,2008
,2008
ADVERTISED
READ FIRST TIME
READ SECOND TIME AND ADOPTED
,2008
FOR USE AND RELIANCE ONLY BY
THE CITY OF OCOEE, FLORIDA
APPROVED AS TO FORM AND LEGALITY
THIS _ day of , 2008
CHRISTIANSEN & DEHNER, P .A.
Special Counsel
By:
APPROVED BY THE OCOEE CITY
COMMISSION AT A MEETING HELD ON
, 2008 UNDER AGENDA ITEM
NO.
noc\ocoee\gen \09-04-08. ord
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