HomeMy WebLinkAboutOrd 2666 - Investment PolicyAN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF TUKWILA, WASHINGTON, REPEALING ORDINANCE
NO. 1916 RELATING TO THE CITY'S INVESTMENT
POLICY, THEREBY ELIMINATING TUKWILA MUNICIPAL
CODE CHAPTER 3.28; PROVIDING FOR SEVERABILITY;
AND ESTABLISHINGAN EFFECTIVE DATE.
WHEREAS, Ordinance No. 1916 set forth the process for adopting and
incorporating an investment policy for the City; and
WHEREAS, Ordinance No. 1916 states that amendments to the policy require
approval of the City Council Finance & Safety Committee; and
WHEREAS, this amendment process is in conflict with the current and usual
practice of the City Council to set fiscal policies as the entire Council, ratherthan as any
individual three-member Council Committee; and
WHEREAS, in order to conforn with its usual practice for amendment of fiscal
policies, the City Council desires to repeal Ordinance No. 1916 and continue to set
fiscal policyas a whole Council via a resolution or other designated means;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA,
WASHINGTON, HEREBY ORDAINS AS FOLLOWS:
Section 1. Repealer. Ordinance No. 1916 is hereby repealed in its entirety,
thereby eliminating Tukwila Municipal Code Chapter3.28.
Section 2. Corrections by City Clerk or Code Reviser Authorized. Upon
approval of the City Attorney, the City Clerk and the code reviser are authorized to
make necessary corrections to this ordinance, including the correction of clerical errors;
references to other local, state or federal laws, codes, rules, or regulations; or ordinance
numbering and section /subsection numbering.
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VC:bjs Review and analysis by Barbara Saxton Page 1 of 2
Section 3. Severability. If any section, subsection, paragraph, sentence, clause
or phrase of this ordinance or its application to any person or situation should be held to
be invalid or unconstitutional for any reason by a court of competent jurisdiction, such
invalidity or unconstitutionality shall not affect the validity or constitutionality of the
remaining portions of this ordinance or its application to any other person or situation.
Section 4. Effective Date. This ordinance ora summary thereof shall be published
in the official newspaperof the City, and shall take effect and be in full force Jan u ary 1,
2022.
PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at
a Regular Meeting thereof this day of-DeCeryi1oe-v' ,2021.
ATTEST/AUTHENTICATED:
Christy O'Flaherty, MMC, City Clerk
Office of the City Attorney
Allan Ekberg, Mayor
Filed with the City Clerk: it -36-2-1
Passed by the City Council: (2-- 2-1
Published: 12- 1) - Z�
Effective Date: %r Scc,-Hon
Ordinance Number:
CC: Legislative Devebpment\lnvestmentPolicy—Eliminate TMC Chapter 3.2810-8-21
VC:bjs Review and analysis by Barbara Saxton Page 2 of 2
City of Tukwila Public Notice of Ordinance Adoption for Ordinances 2665-2666.
On December 6, 2021 the City Council of the City of Tukwila, Washington, adopted the
following ordinances, the main points of which are summarized by title as follows:
Ordinance 2665: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
TUKWILA, WASHINGTON, AMENDING ORDINANCE NOS. 2462 AND 2538, AS
CODIFIED AT TUKWILA MUNICIPAL CODE SECTIONS 3.90.050 AND 3.90.060, TO
AMEND ELIGIBILITY CRITERIA AND TO ALLOW NEW APPLICATIONS FOR MULTI-
FAMILY RESIDENTIAL PROPERTY TAX EXEMPTIONS TO BE SUBMITTED;
PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE.
Ordinance 2666: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
TUKWILA, WASHINGTON, REPEALING ORDINANCE NO. 1916 RELATING TO THE
CITY'S INVESTMENT POLICY, THEREBY ELIMINATING TUKWILA MUNICIPAL CODE
CHAPTER 3.28; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN
EFFECTIVE DATE.
The full text of this ordinance will be provided upon request.
Christy O'Flaherty, MMC, City Clerk
Published Seattle Times: December 9, 2021