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135-2000 LTCCITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 http:\~ci.miarnl-beach.fl.us L.T.C. No. ~35-2000 LETTER TO COMMISSION July 12, 2000 TO: Mayor Neisen O. Kasdin and Members of the City Commission FROM: Lawrence A. Levy 0 ~ SUBJECT: RY COMMITTEE MOTION The following motion was unanimously approved by the BAC at their meeting of July 11, 2000: Motion Made By: Deede Weithom Motion Seconded By: Tony Rochiguez Motion Text: Regarding the proposed amendment to Ordinance No. 1901 Retirement System for General Employees going before the City of Miami Beach Commission on July 12, 2000 as item R5N, the Budget Advisory Committee makes the following recommendation. We stxongly recommend action should be deferred until further study is conducted on the long term and short term costs of this proposal and how they overlay with the current five year projections. ~:/P~Tjcu~ve Staff OMB Staff