The City of Lee's Summit - File #: BILL NO. 18-32

• File #: BILL NO. 18-32
• Type: Ordinance
• Status: Withdrawn
• File created: 2/14/2018
• In control: City Council - Regular Session
• On agenda: 3/15/2018
• Final action: 3/15/2018
• Title: AN ORDINANCE REPEALING ORDINANCE NO. 7428 AND ESTABLISHING NEW GENERAL FUND RESERVE BALANCE GUIDELINES TO ENSURE THE CONTINUED ECONOMIC STABILITY AND COMPETITIVENESS OF THE CITY OF LEE’S SUMMIT, MISSOURI. (Note: First reading by Council on March 1, 2018.)

Date	Action By	Action	Result
3/15/2018	City Council - Regular Session	withdrawn
3/1/2018	City Council - Regular Session	advanced to second reading	Pass
3/1/2018	City Council - Regular Session	advanced to second reading	Pass
2/15/2018	City Council - Regular Session	advanced to second reading
2/15/2018	City Council - Regular Session	tabled	Pass

Title

AN ORDINANCE REPEALING ORDINANCE NO. 7428 AND ESTABLISHING NEW GENERAL FUND RESERVE BALANCE GUIDELINES TO ENSURE THE CONTINUED ECONOMIC STABILITY AND COMPETITIVENESS OF THE CITY OF LEE’S SUMMIT, MISSOURI.

(Note: First reading by Council on March 1, 2018.)

Body

Issue/Request:

AN ORDINANCE REPEALING ORDINANCE NO. 7428 AND ESTABLISHING NEW GENERAL FUND RESERVE BALANCE GUIDELINES TO ENSURE THE CONTINUED ECONOMIC STABILITY AND COMPETITIVENESS OF THE CITY OF LEE’S SUMMIT, MISSOURI.

Key Issues:

Following direction from the City Council during the February 8, 2018 City Council meeting, the attached ordinance is being brought forward for consideration.  The amendment  would allow for the use of reserve funds for ongoing expenditures.

Proposed City Council Motion:

I move for adoption of AN ORDINANCE REPEALING ORDINANCE NO. 7428 AND ESTABLISHING NEW GENERAL FUND RESERVE BALANCE GUIDELINES TO ENSURE THE CONTINUED ECONOMIC STABILITY AND COMPETITIVENESS OF THE CITY OF LEE’S SUMMIT, MISSOURI.