O-595-97 ORDINANCE NO_ 595-97
AN ORDINANCE AMENDING SECTION 18-40(11) OF THE CODE OF
ORDINANCES OF MIAMI SHORES VILLAGE, FLORIDA;ADOPTING THE
STATEMENT OF INVESTMENT POLICY GOALS AND GUIDELINES
ADOPTED NOVEMBER 14, 1996 BY THE MIAMI SHORES VILLAGE
PENSION BOARD; PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Miami Shores Village Pension Board, at a duly called meeting on
November 14, 1996, adopted, as amended, its"Statement of Investment Policy Goals and
Guldellnes"for the Miami Shores Pension Plan; and,
WHEREAS, Ea. Stat, section 186.08(b) (1996) authorizes certain types of
investments for municipal pension plans, including additional types of Investments by
variance when authorized by municipal ordinance;
NOW, THEREFORE, IT IS HEREBY ORDERED BY THE VILLAGE COUNCIL OF
MIAMI SHORES VILLAGE, FLORIDA:
SECTION 1. Sub-Section (11) of Section 18-40 of the Code of Ordinances
of Miami Shores Village shall stand amended to read as follows:
"(11) Invest and reinvest the assets of the pension fund
according to the criteria set forth in the "Statement of
Investment Policy Goals and Guidelines"for the Miami Shores
Pension Plan, as amended and adopted by the Pension Board
on November 14, 1996, incorporated herein by this reference;"
SECTIQIïż½,N 2. All Ordinances or part of Ordinances In conflict herewith are
hereby repealed to the extent of such conflict.
SECTION 3: This Ordinance shall become effective Immediately upon its
passage and adoption_
PASSED on FIRST READING this 3rd day of December Iggg,
PASSED and ADOPTED, SECOND READING this day of ,)anuary , 1990
ATTEST: I-Vilh S. Imb , Jr., Mayor
Barbara A. Fugazzi
Village Clerk
APPROVED AS TO FORM:
Mark S. Ulmer
Village Attorney
TOTAL P.F12'