2023-74-City of Lakewood's Financial Internal Controls

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DocuSign Envelope ID: 367FCF1 C-76A5-40DB-805C-A6E1 CDEF2584 referred to Finance 12/18/24 • 2023-74 Baker, Bullock, Kepple, Marx, RESOLUTION NO. BY• Rader, Shachner, Strebig A RESOLUTION to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of Council, or otherwise to take effect and be in force after the earliest period allowed by law, approving the City of Lakewood's Financial Internal Controls. WHEREAS, on December 4, 2023 Lakewood City Council adopted Ordinance No. 18- 2023 which made various changes to Chapter I I I Purchasing and Contracting, of the Lakewood Codified Ordinances which included an increased bidding threshold; and WHEREAS, it is important to have proper financial controls in place to ensure that purchasing is conducted in a consistent and fair manner under the new increased purchasing thresholds and; and WHEREAS, as set forth in Section 2.12 of the Third Amended Charter of the City of Lakewood, this Council by a vote of at least two thirds of its members determines that this resolution is an emergency measure and that it shall take effect immediately, and that it is necessary for the immediate preservation of the public property, health, and safety and to provide for the usual daily operation of municipal departments in that it is in the best interest of the City to implement the City of Lakewood's Financial Internal Controls immediately; now, therefore, BE IT RESOLVED BY THE CITY OF LAKEWOOD, OHIO: Section 1. Lakewood City Council recognizes the need to have controls in place for fair and consistent purchasing processes and therefore approves the City of Lakewood's Financial Internal Controls. Section 2. The City of Lakewood's Financial Internal Controls shall not be materially changed without separate action of Council. Section 3. 'It is found and determined that all formal actions of this Council concerning and relating to the passage of this resolution were adopted in an open meeting of this Council, and that all such deliberations of this Council and of any of its committees that resulted in such formal action were in meetings open to the public in compliance with all legal requirements. Section 4. This resolution is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, property, health, safety and welfare in the City and for the usual daily operation of the City for the reasons set forth and defined in the preamble to this resolution, and provided it receives the affirmative vote of at least two thirds of the members of Council, this resolution shall take effect and be in force immediately upon its adoption by the