HomeMy WebLinkAboutORD 11-003 ORDINANCE NO.11-003
ENTITLED AN ORDINANCE AMENDING THE FY 2011 BUDGET BY
APPROVING A PAYMENT OF $250,000 OUT OF THE EMPLOYEE
BENEFITS FUND TO THE CITY OF BEAUMONT INTEGRAL PART
TRUST; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR
REPEAL.
BE IT ORDAINED BY THE CITY OF BEAUMONT:
Section 1.
THAT the FY 2011 budget be and the same is hereby amended by approving the payment
of$250,000 to the City of Beaumont Integral Part Trust managed by The International City
Management Association Retirement Corporation (ICMA-RC), with said $250,000 being
transferred from the Employee Benefits Fund to the City of Beaumont Integral Part Trust.
Section 2.
That if any section, subsection, sentence, clause or phrase of this ordinance or the
application of same to a particular set of persons or circumstances should for any reason
be held to be invalid, such invalidity shall not affect the remaining portions of this ordinance
and, to such end, the various portions and provisions of this ordinance are declared to be
severable.
Section 3.
That all ordinances or parts of ordinances in conflict herewith are repealed to the
extent of the conflict only.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 18th day of
January, 2011. :04 �������
�I - Mayor Becky Ames -