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O74-26AN ORDINANCE OF THE CITY OF BOYNTON BEACH, FLORIDA, AMENDING SECTION 2-61(d) OF C~PTER 2 OF THE CODIFIED ORDINANCES OF SAID CITY, PROVIDING FOR THE DEPOSIT INTOTHE C~TY'S OPERATING CAPITAL IMPROVEMENTS FUND OF UP TO 20% OF ALL STATE REVENUE SHARING GRANTS WHEN DEEMiEDFEASIBLE BY THE CITY COUNCIL; PROVIDING FOR AUTHORITY TO CODIFY, SAVINGS CLAUSE, REPEALING PRO- VISIONS, AN EFFECTIVE DATE AND FOR OTHER PURPOSES. WHEPdEAS, the City Council of the City of Boynton Beach, Florida, deems it advisable and necessary for the efficient operation of said City to amend Section 2-61(d) of Chapter 2 as hereafter provided; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BOYNTON BEACH, FLORIDA: Section 1: That Paragraph (d) of Section 2-61 of the Codified Ordinances of the City of Boynton Beach, Florida, be and is hereby amended to read as follows: "(d) Whenever deemed feasible from time to time by the City Council, up to twenty Rercent (20%) of all State revenue sharing grants received from the State of Florida shall be deposited into the said Operating Capital Improvements Fund." SectiOn 2: Authority to Codify: Specific authority is hereby granted to codify and incorporate this Ordinance in the City's existing Code. of the provisions o~ this Section 3: Separability: Each Ordinance are separable, including word, clause, phrase or sentence, and if any portion thereof shall be declared invalid, the remalnln, portion shall not effect. Section 4: become effective in Charter be affected but shall An Effective Date: the manner and at and Ordinances of the City of remain in full force and This Ordinance shall the time provided in the Boynton Beach, Florida. First reading SecondF final , 1974. ATTEST: this ~--/ day of August, 1974. reading and passage this ~ day of City Clerk CITY OF BOYNTON BEACH, FLORIDA Councilman