HomeMy WebLinkAboutR-99-49
RESOLUTION NO. R-99-49
A RESOLUTION OF THE CITY OF SEBASTIAN,
INDIAN RIVER COUNTY, FLORIDA,
ESTABLISHING AN EMERGENCY RESERVE IN
THE AMOUNT OF THREE HUNDRED FIFTY
THOUSAND DOLLARS ($350,000), FOR THE
PURPOSE OF PROVIDING FUNDS IN THE EVENT
OF A CATASTROPHIC DISASTER OCCURRING IN
THE CITY OF SEBASTIAN.
WHEREAS, the City Manager has determined that a reserve of $350,000 is a
sufficient amount to set aside for the purpose of providing funds in the event of a
catastrophic disaster occurring in the City of Sebastian; and
WHEREAS, the Budget Advisory Committee has recommended that a reserve be
established for providing funds in the event of a catastrophic disaster; and
WHEREAS, funds are available with in the General Fund Fund Balance for such
a reserve; and
WHEREAS, the City Council has expressed a desire to see such a reserve
established.
. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
'-SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, that:
Section 1. DISASTER EMERGENCY RESERVE. There is hereby
established a reserve in the General Fund Fund Balance in the amount of THREE
HUNDRED FIFTY THOUSAND DOLLARS ($350,000) to provide emergency funding
in the event a catastrophic disaster occurs in the City of Sebastian.
Section 2.
USE OF FUNDS. The funds are set aside to be used for
emergency operations funding only in the event of a declared disaster. Funds shall only
be drawn down for operating purposes in the event a state of emergency is declared by
the Federal, State, County, or City of Sebastian Government in accordance with State
Statute and the City Code.
Section 3.
CONFLICT. All resolutions or parts of resolutions in conflict
herewith are hereby repealed.
Section 4.
EFFECTIVE DA TE.
This resolution shall take effect
immediately upon its adoption.
The foregoing Resolution was moved for adoption by Councilmember J;;,~/j
The motion was seconded by Councilmember I~/ and, upo/b&ng put
into a vote, the vote was as follows:
Mayor Chuck Neuberger
Councilmember Joe Barczyk
Councilmember Ben A. Bishop
Councilmember Edward 1. Majcher, Jr.
r
. a~/
t. Je/
(J
The Mayor thereupon declared this Resolution duly passed and Adopted this 22nd day of
September, 1999.
CITY OF SEBASTIAN, FLORIDA
By:
ATTEST:
Approved as to form and legality for the
reliance by the City of Sebastian only: