90-O-27
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ORDINANCE NO. 90-0-27
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF EDGE-
WATER, FLORIDA, LEVYING AND IMPOSING UPON ALL INSURERS,
NOW OR HEREAFTER ENGAGING IN OR CARRYING ON THE
BUSINESS OF PROPERTY INSURANCE, AN EXCISE OR LICENSE
TAX IN ADDITION TO ANY TAX NOW LEVIED, OF 1.85% OF THE
GROSS AMOUNT OF RECEIPTS OF ALL PREMIUMS COLLECTED ON
PROPERTY INSURANCE POLICIES INSURING PROPERTY WITHIN
THE CORPORATE LIMITS OF THE CITY OF EDGEWATER:
PROVIDING FOR WHEN SAID TAX SHALL BE DUE AND PAYABLE:
CONTAINING A REPEALER PROVISION, A SEVERABILITY CLAUSE
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Legislature of the State of Florida, by Chap-
ter 175, Florida Statutes, created a special fund known as the
"Municipal Firemen's Pension Trust Fund" and thereby authorized
municipalities falling within the purview of said act, to levy an
additional tax upon certain insurance companies or other insurers
against property loss designated in said act.
The said proceeds
from said tax to be used in partial support of the Firemen's Pen-
sion Funds, and
WHEREAS, it is acknowledged by the City of Edgewater that
the duties of the Department of Fire-Rescue Services expose per-
sonnel to high levels of risk or death and/or injuries as a nor-
mal part of day-to-day operations, and
WHEREAS, it is the desire of the City of Edgewater to pro-
vide the members of the Department of Fire-Rescue Services with a
pension plan reflective of those high levels of risk, and
WHEREAS, it is the desire of the City of Edgewater to put
into full force and effect the provisions of said Chapter 175 in
said municipality.
NOW, THEREFORE, BE IT ENACTED BY THE PEOPLE OF THE CITY OF
EDGEWATER, FLORIDA:
SECTION 1.
That there is hereby assessed, imposed and
levied on every insurance company, corporation or other insurer
now engaging in or carrying on, or which shall hereafter engage
in or carryon the business of property insurance, as shown by
the records of the Insurance Commissioner of the State of
Florida, an excise or license tax in addition to any license tax
or excise tax now levied by the City of Edgewater, which said tax
shall be in the amount of 1.85% of the gross amount of receipts
of premiums from policyholders on all premiums collected on pro-
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perty insurance policies covering property within the corporate
limits of the City of Edgewater.
SECTION 2.
That the license or excise tax herein levied
shall be due and payable annually on the first day of March of
each year hereafter.
SECTION 3.
This ordinance shall amend Chapter 175,
Florida Statute 175.162 (2)(a) to read: "The amount to monthly
retirement income payable to a full-time Firefighter who retires
on or after his normal retirement date shall be an amount equal
to 2.5 percent of his average final compensation as a full-time
Firefighter. All other provisions of Chapter 175 shall apply.
SECTION 4. That all ordinances or parts of ordinances and
all resolutions in conflict herewith, be and the same are hereby
repealed.
SECTION 5.
If any section, part of a section, paragraph,
clause, phrase or word of this ordinance is declared invalid, the
remaining provisions of this Ordinance shall not be affected.
SECTION 6.
This Ordinance shall take effect immediately
upon its adoption by the City Council of the City of Edgewater,
Florida, and approval as provided by law.
This Ordinance was introduced by
Councilman Hatfield
This Ordinance was read on first reading and passed by a
vote of the City Council of the City of Edgewater, Florida, and
approval as provided by law, at a
regular
meeting of
said Council held on the 18th day of
June
, 1990.
The second reading of this Ordinance to be at a
regular
meeting of the City Council of the City of Edgewater, Florida, to
be held on the 2nd
day of
July
, 1990.
ROLL CALL VOTE ON ORDINANCE NO. 90-0-27
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SECOND READING:
avor
This Ordinance read and adopted on second reading at a
s meeting of the City Council of the Cityyj 4 Edge-
watErr, Florida, and authent' ted this
1990. Q
Mayor