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HomeMy WebLinkAboutCOW 2012-09-24 Item 4D.2 - Ordinance - Repeal Ord #2266 Relating to Cash Reserve PolicyATTACHMENT 2 Al AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, REPEALING ORDINANCE NO. 2266 RELATING TO THE CITY'S CASH RESERVE POLICY, AS CODIFIED AT TUKWILA MUNICIPAL CODE CHAPTER 3.34; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, Ordinance No. 2266 sets forth the process for adopting and incorporating a fiscal reserve policy for the City; and WHEREAS, Ordinance No. 2266 requires that amendments to the policy be approved by the Finance Safety Committee; and WHEREAS, this amendment process is in conflict with the regular and usual practice of the City Council to set fiscal policies as the entire Council, rather than as any individual three member Council Committee; and WHEREAS, in order to conform with its usual practice for amendment of fiscal policies, the City Council desires to repeal Ordinance No. 2266 and continue to set policy as a whole Council via 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 Ordinance No. 2266 is hereby repealed in its entirety. Section 2. Corrections by City Clerk or Code Reviser. 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. W: Word Processing \Ordinances \Repeal ordinance relating to cash reserve policy 9 -18 -12 KM:bjs Page 1 of 2 141 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 or a summary thereof shall be published in the official newspaper of the City, and shall take effect and be in full force five days after passage and publication as provided by law. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of 1 2012. ATTEST /AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk APPROVED AS TO FORM BY: Shelley M. Kerslake, City Attorney Jim Haggerton, Mayor Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Ordinance Number: W: Word Processing \Ordinances \Repeal ordinance relating to cash reserve policy 9 -18 -12 KM:bjs Page 2 of 2 142