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Ordinance - 2298ORDINANCE NO.2298 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, AMENDING CHAPTER 2 (ADMINISTRATION), ARTICLE IV (OFFICERS), DIVISION 4 (CITY TREASURER) OF THE WEST COVINA MUNICIPAL CODE WHEREAS, the City Council is desirous of continuing the City's past practices regarding the office of the City Treasurer. NOW THEREFORE, the City Council of the City of West Covina does ordain as follows: SECTION NO. 1: Section 2-171 (Duties and Powers) of Division 4 (City Treasurer) of Article IV (Officers) of Chapter 2 (Administration) of the West Covina Municipal Code is hereby repealed and replaced as follows: Sec. 2-171. — Duties and powers The duties of the office of City Treasurer shall be the following: to review and present monthly investment reports; to participate in investment strategy discussions; to participate in the development of the Investment Policy; to serve as a member of the Audit Committee; and to perform other duties at the discretion of the City Council. Any duties or responsibilities not specifically delegated to the City Treasurer are the responsibility of the Chief Finance Officer. SECTION NO. 2: Section 2-172 (Compensation) of Division 4 (City Treasurer) of Article IV (Officers) of Chapter 2 (Administration) of the West Covina Municipal Code is hereby added as follows: Sec. 2-172. — Compensation The City Treasurer shall receive one hundred and fifty dollars ($150.00) per month stipend. SECTION NO. 3: Conflicting Provisions. All ordinances or resolutions inconsistent or conflicting with any part of this ordinance are hereby repealed to the extent of such inconsistency or conflict. SECTION NO. 4: Severability. If any article, section, subsection, subdivision, sentence, clause, phrase, word, or portion of this Ordinance, or the application thereof to any person, is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portion of this Ordinance or its application to other persons. The City Council of West Covina hereby declares that it would have adopted this Ordinance and each chapter, article, section, subsection, subdivision, sentence, clause, phrase, word, or portion thereof, irrespective of the fact that any one or more subsections, subdivisions, sentences, clauses, phrases, or portions of the application thereof to any person, be declared invalid or unconstitutional. SECTION NO. 5: Effective Date. This ordinance shall take effect thirty (30) days after its initial passage and within fifteen (15) days after its passage, the City Clerk of the City of West Covina shall certify to the passage and adoption of this ordinance and to its approval by the Mayor and City Council and shall cause the same to be published in a newspaper in the manner required by law. PASSED, APPROVED AND ADOPTED on this 01 day of October, 2016. APPROVED AS TO FORM: Kimberly Hall q3arlow City Attorney js Toma or ATTEST: ickolas S'. Lewis — City Clerk I, NICKOLAS S. LEWIS, CITY CLERK of the City of West Covina, California, do hereby certify that the foregoing Ordinance was regularly introduced and placed upon its first reading at a regular meeting of the City Council on the 20'' day of September, 2016. That thereafter said Ordinance was duly adopted and passed at a regular meeting of the City Council on the 0, day of October, 2016, by the following vote: AYES: Johnson, Warshaw, Wu, Toma NOES: Spence ABSENT: None ABSTAIN: None '1----'-Do � Nickolas S. Lewis City Clerk