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97-22408 RESO RESOLUTION NO. 97-22408 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE TRANSFER OF A PRE- EXISTING SUM OF $50,000.00, KNOWN AS A "FLASH ROLL", TO BE UTILIZED DURING MAJOR NARCOTICS INVESTIGATIONS AND TO ENHANCE OPERATIONAL ABILITIES OF THE STRATEGIC INVESTIGATIONS UNIT, FROM THE POLICE DEPARTMENT PROPERTY AND EVIDENCE VAULT, TO AN INTEREST BEARING BANK ACCOUNT AT CITY NATIONAL BANK, MIAMI BEACH, FLORIDA. V'VHEREAS, a cash fund in the amount of $50,000.00 has been established by the Miami Beach Police Department for the purpose of effecting major purchases of illegal narcotics, and other criminal offenses; and V'VHEREAS, said cash fund, called a "Flash Roll", has been maintained in the police pi o~erty and evidence vault; and V'VHEREAS, the Police Department desires to transfer these funds to an interest bearing bank account at City National Bank, Miami Beach, Florida; and \l'VHEREAS, this fund is supervised by the Commander of the Miami Beach Police D~p :lrtment's Strategic Investigations Unit, and internal departmental procedures will be complied with for the usage of this "Flash Roll". ~iIOW, THEREFORE BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City C )ITlmission of the City of Miami Beach, Florida, authorize the transfer of the sum of $~tO,OOO.OO, known as a "Flash Roll", to be utilized during major narcotics investigations and to enhance operational abilities of the Strategic Investigations Unit, from the Police D.~partment property and evidence vault, to an interest bearing bank account at City National Bank, Miami Beach, Florida. PASSED and ADOPTED this 4th day of ,1997. ArT EST: j?cw.vr- fM~ CII TY CLERK APPROVED AS TO FORM & lANGUAGE & fOR EXECUTION F:\'QL I\TECHSERV\POLlCIES\COM_RESO\FLASHROLRES 111 tAW::. V~~7 City ~mey CITY ()F MIAMI BEACH CITY HALL 1700 ;OIJVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 httP:\\ci.miami-be',,~:l. us -...--..................-.. COMMISSION MEMORANDUM NO. 3I..e, 7-91 TO: Mayor Seymour Gelber and Members of the City Commission DATE: June 4,1997 FROI!\II: Jose Garcia-Pedrosa City Manager SIIB.JECT: A RESOLUTION THE MA VOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE TRANSFER OF THE SUM OF $50,000.00, KNOWN AS A "FLASH ROLL", TO BE UTILIZED DURING MAJOR NARCOTICS INVESTIGATIONS AND TO ENHANCE OPERATIONAL ABILITIES OF THE STRATEGIC INVESTIGATIONS UNIT, FROM THE POLICE PROPERTY AND EVIDENCE VAULT, TO AN INTEREST BEARING BANK ACCOUNT AT CITY NATIONAL BANK, MIAMI BEACH, FLORIDA. AilDMINISTRA TION RECOMMENDATION A)p"ove the Resolution. 6,,~CKGROUND Tle Miami Beach Police Department's Strategic Investigations Unit conducts undercover cr iminal investigations involving suspected violations of the law. In order to conduct these irvestigations, money is needed for the purpose of convincing the suspected criminals that we possess the funds to complete the transaction. These funds are known as a "Flash RJII'. It is necessary to maintain these funds in a bank so that they are accessible at any time tt at they may be needed. The Police Department is transferring these funds from the P )Iice Property and Evidence vault, to an interest bearing bank account at City National B:mk, Miami Beach, Florida. Tlis fund is supervised by the Commander of the Miami Beach Police Department's Strategic Investigations Unit and all internal city and department procedures for the handling of funds will be complied with. CONCLUSION T,is account will assist the Police Department in the conduct of its undercover criminal ir vestiqPtions. J'3F/jff/R~/SDRlMMS F: PO L1\TECHSERV\POLlCIES\COM_MEMO\FLASHROL.MEM AGENDAITEM~ DATE ~~..q7