Ordinance 2015-03 ORDINANCE NO. 2015 -03
AN ORDINANCE REPEALING ORDINANCE NO. 87-65, AS CODIFIED
IN SECTION 2-396 OF THE CODE OF LAWS AND ORDINANCES OF
COLLIER COUNTY (INVESTMENT, REIMBURSEMENT OF SURPLUS
PUBLIC FUNDS); PROVIDING FOR INCLUSION IN THE CODE OF
LAWS AND ORDINANCES; PROVIDING FOR CONFLICT AND
SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, on August 25, 1987, and pursuant to then effective Section 125.31, Florida
Statutes, the Board of County Commissioners (Board) adopted Ordinance No. 87-65, authorizing
the investment and reinvestment of surplus public funds by the Clerk to the Board on behalf of,
and in the name of, the Board of County Commissioners; and
WHEREAS, Ordinance No. 87-65 also established a policy for the cash management
and investment alternatives applicable to said surplus funds; and
WHEREAS, through subsequent action by the Florida Legislature, including the repeal
of Section 125.31, Ordinance No. 87-65 became unnecessary and arguably in conflict with
current statutes; and
WHEREAS, on December 9, 2014, the Board adopted a revised Investment Policy
(Resolution No. 2014-260) and directed that Ordinance No. 87-65 be repealed in its entirety.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY, FLORIDA, that:
SECTION ONE: Repeal of Ordinance No. 87-65, as codified in Sec. 2-396, Collier
County Code of Laws and Ordinances.
Ordinance No. 87-65, as codified in Sec. 2-396 of the Code of Laws and Ordinances of
Collier County (Investment, Reimbursement of Surplus Public Funds) is hereby repealed in its
entirety.
SECTION TWO: Inclusion in the Code of Laws and Ordinances.
The provisions of this Ordinance shall become and be made a part of the Code of Laws
and Ordinances of Collier County, Florida. The sections of the Ordinance may be renumbered or
re-lettered to accomplish such, and the word "ordinance" may be changed to "section," "article,"
or any other appropriate word.
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SECTION THREE: Conflict and Severability.
In the event this Ordinance conflicts with any other Ordinance of Collier County or other
applicable law, the more restrictive shall apply. If any phrase or portion of the Ordinance is held
invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a
separate, distinct and independent provision and such holding shall not affect the validity of the
remaining portion.
SECTION FOUR: Effective Date.
This Ordinance shall take effect upon filing with the Florida Department of State.
PASSED AND DULY ADOPTED by the Board of County Commissioners of Collier
County, Florida, this 154\clay of�,r,,,a , 2015.
^' 1 BOARD OF COUNTY COMMISSIONERS
ATTEST; .r.,, =• •.
DWIGHT• .BROOK "C. ERK COLLIER COUNTY, FLORIDA
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FLORIDA DEPARTMENT Of STATE
RICK SCOTT KEN DETZNER
Governor Secretary of State
January 16, 2015
Honorable Dwight E. Brock
Clerk of the Circuit Court
Collier County
Post Office Box 413044
Naples, Florida 34101-3044
Attention: Martha Vergara, BMR Senior Clerk
Dear Mr. Brock:
Pursuant to the provisions of Section 125.66, Florida Statutes, this will acknowledge receipt of your
electronic copy of Collier County Ordinance No. 2015-03, which was filed in this office on January 16,
2015.
Sincerely,
Ernest L. Reddick
Program Administrator
ELR/lb
R. A. Gray Building • 500 South Bronough Street • Tallahassee, Florida 32399-0250
Telephone: (850) 245-6270 • Facsimile: (850) 488-9879
www.dos.state.fl.us