98-22865 RESO
RESOLUTION NO.
98-22865
A RESOLUTION OF THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH,
FLORIDA, ADOPTING THE DADE COUNTY
CANVASSING BOARD'S CERTIFICATION OF THE
RESUL TS OF THE CITY OF MIAMI BEACH
SPECIAL ELECTION HELD ON SEPTEMBER 1,
1998 AND DECLARING RESULTS THEREOF.
WHEREAS, by Resolution No. 98-22813, adopted on July 1. 1998, Dade County Elect;')n
Officials were authorized to conduct the Special Election of the City of Miami Beach to be held on
September 1, 1998; and
WHEREAS, on September 1, 1998, Metropolitan Dade County conducted a First Primary
Election, at which time the City of Miami Beach authorized the holding of a Special Election; and
WHEREAS, the Certification of the results of the City of Miami Beach Special Election as
submitted by the Metropolitan Dade County Canvassing Board, said certification being dated September
~, 1998, has been received and is made a part of this resolution; and
WHEREAS, said Certification reflects that the Special Election Ballot Question was
Defeated by the electorate of the City of Miami Beach.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that said Certification be and the
same is hereby adopted, which reflects the following result upon the question:
GENERAL EMPLOYEES RETIREMENT SYSTEM PENSION
BOARD: DELETING SPECIFIC RESTRICTIONS ON BOARD'S
ALLOCA TION/INVESTMENT OF FUNDS.
SHALL ARTICLE VI, SECTION 31 OF THE RELATED SPECIAL
ACTS OF THE CITY OF MIAMI BEACH, FLORIDA, BE
AMENDED TO DELETE SPECIFIC RESTRICTIONS
CONCERNING PENSION BOARD INVESTMENT AND
ALLOCATION, AND TO SUBSTITUTE THEREFOR LANGUAGE
AUTHORIZING THE PENSION BOARD TO EXERCISE (IN A
PRUDENT MANNER) INDEPENDENT JUDGMENT IN
ALLOCATING AND INVESTING FUNDS; AUTHORIZING THE
MIAMI BEACH CITY COMMISSION TO ESTABLISH BY
ORDINANCE PENSION BOARD INVESTMENT GUIDELINES
AND RESTRICTIONS.
YES
NO
1,193
1,270
48.44 %
51. 56 %
.vas
BE IT FURTHER RESOLVED AND DETERMINED that the Special Election Ballot Question
Defeated
PASSED and ADOPTED this 9th day of
ATTEST:
~~p~
CITY CLERK
f: \atto \$al\\she i la \election. mb\ \98res u\ t.res
APPROVED ~ TO
FORM & LANGUAGE
& FOR EXECUTION
7~/91
Date
September 1998.
~iftt
MAYOR
CITY OF MIAMI BEACH
GITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
nllp:\\cLmiami-beach. fl. us
COMMISSION MEMORANDUM NO. ~
TO:
Mayor Neisen O. Kasdin and
Members of the City Co
DATE: September 9, 1998
FROM:
Sergio Rodriguez
City Manager
SUBJECT:
A RESOLU ION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF IAMI BEACH, FLORIDA, ADOPTING THE MIAMI-DADE
COUNTY CANVASSING BOARD'S CERTIFICATION OF THE RESULTS
OF THE CITY OF MIAMI BEACH SPECIAL ELECTION HELD ON
SEPTEMBER 1,1998 AND DECLARING RESULTS THEREOF.
ADMINISTRATION RECOMMENDATION
Adopt the Resolution.
BACKGROUND:
Pursuant to Resolution No. 98-22813 approved at the July 1, 1998 Commission Meeting, a Special
Election was held on September 1, 1998 for the purpose of submitting to the electorate of the City
of Miami Beach for their approval or disapproval, an amendment to Article VI, Section 31 of the
Related Special Acts of the City of Miami Beach, Florida, to delete specific restrictions concerning
Pension Board Investment and Allocation, to substitute therefor language authorizing the Pension
Board to exercise (in a prudent manner) independent judgement in allocating and investing funds,
and additionally, to authorize the Miami Beach City Commission to establish by ordinance Pension
Board investment guidelines and restrictions.
The Mayor and City Commission of the City of Miami Beach, Florida, shall adopt the Miami-Dade
County Canvassing Board's Certification of the results of the City of Miami Beach Special Election
held on September l, 1998, and declare results thereof.
kfrb
F:\CLER\$^LL\LlLL YWI98SPEC.ELEctioncol1ll1l.ll1cm
AGENDA ITEM t 1 b
DATE~