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B. The Financial Oversight Committee shall review the allocation of bond proceeds <br />and progress on achieving the purposes of this proposition, and shall report at least semi- <br />annually to the City Council on the same. The annual report shall be filed in paper and <br />electronic form with the City Clerk. The Financial Oversight Committee may elect officers <br />and establish rules of procedure. Financial Oversight Committee members shall serve <br />without compensation and may be removed by the City Council following absence without <br />cause from two or more meetings. The City Council may prescribe by ordinance or <br />resolution such other rules relating to the appointment process and the operation of the <br />Financial Oversight Committee as shall be necessary or appropriate. <br />Section 3. Corrections by City Clerk or Code Reviser. Upon approval of the City <br />Attorney, the City Clerk and the code reviser are authorized to make necessary <br />corrections to this ordinance, including the correction of clerical errors; references to other <br />local, state or federal laws, codes, rules, or regulations; or ordinance numbering and <br />section/subsection numbering. <br />Section 4. Severability. If any section, subsection, paragraph, sentence, clause or <br />phrase of this ordinance or its application to any person or situation should be held to be <br />invalid or unconstitutional for any reason by a court of competent jurisdiction, such <br />invalidity or unconstitutionality shall not affect the validity or constitutionality of the <br />remaining portions of this ordinance or its application to any other person or situation. <br />Section 5. Effective Date. This ordinance or a summary thereof shall be published <br />in the official newspaper of the City, and shall take effect and be in full force five days <br />after passage and publication as provided by law. <br />PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at <br />a Regular Meeting thereof this day of 12017. <br />ATTEST/AUTHENTICATED: <br />Christy O'Flaherty, MMC, City Clerk <br />Allan Ekberg, Mayor <br />Filed with the City Clerk: <br />Passed by the City Council: <br />Published: <br />Effective Date: <br />Rachel B. Turpin, City Attorney Ordinance Number: <br />W: Word Processing\Ordinances\Bond Financial Oversight Cmte membership structure 2-15-17.doc <br />LH:bjs Page 2 of 2 <br />0 <br />