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SECOND READING - AN ORDINANCE AMENDING CHAPTER 3 AND <br />REPEALING AND REPLACING SECTION 3.40 ENTITLED "CITY FUNDS" <br />By: Diana Lurid, Finance Officer <br /> <br />Background: <br /> <br />On November 27, 2001, the City Council was presented the attached Ordinance for first <br />reading. One change was recommended during the first reading and that was under <br />Section 3.40.0s, Subdivision 1 (b)(10)-Equipment Revolving Fund. The wording of <br />'unanimous vote' was changed to 2/3-majority vote. <br /> <br />This Ordinance is being presented this evening for second reading and adoption. <br /> <br />Recommendation: <br /> <br />Adopt the attached Ordinance that repeals and replaces Chapter 3, Section 3.40 of the <br />Ramsey City Code. <br /> <br />Council Action: <br /> <br />Motion to adopt Ordinance #02- AN ORDINANCE AMENDING CHAPTER 3 <br />KNOWN AS THE OPERATIONS AND ADMINISTRATION CHAPTER OF THE <br />CITY CODE; AN ORDINANCE AMENDING CHAPTER 3 AND REPEALING AND <br />REPLACING SECTION 3.40 ENTITLED "CITY FUNDS". <br /> <br />FC: 12-18-01 <br /> <br /> <br />