Fort Walton Beach Council agenda — 03-09-2010 Regular — reading text

above individuals have been confirmed through the Supervisor of Elections that they are registered voters in the City of Fort Walton Beach. Helen Spen er City Clerk s q. A 0"  Page 1 of 1 Helen Spencer From: Helen Spencer Sent: Friday, March 05, 2010 2: 40 PM To: PAUL HORN' Subject: RE: Form and information for appointment to FWB City Council Paul, You need to be nominated by a Council member at the March 9 or 23 meeting. A letter of interest is not required by very helpful. Council will make the appointment on April 13th. Council. This is for Virgil Miller's Seat 2 on the Fort Walton Beach City The next vacancy will be noted after Mr. Garvie's resignation takes place but remember you have to be nominated once in at least two meetings and the Council will appoint at the 3rd meeting. And so on for Mr. Patterson' s vacancy that will be later in the year. This is a requirement from the City Charter. Let me know if you are going to submit your name for Seat 2. Helen Spencer City Clerk -Fort Walton Beach 850 -833 -9509 850- 833 -9640 -Fax hspencer@fwb.org Original Message---- - From: PAUL HORN [ mailto: paulhorn@embargmail.com] Sent: Friday, March 05, 2010 2: 29 PM To: Helen Spencer Subject: Form and information for appointment to FWB City Council To Helen Spencer: Per our discussion, I would like to have the " information" needed in order to see what it takes to be considered for one of the upcoming open positions for the Fort Walton Beach City Council. This is open to any Fort Walton Beach resident. This information can be sent to: Paul D. Horn, 617 Cambridge Ave., Fort Walton Beach, F132547. I look forward to getting the information. Thank you. Paul D. Horn 617 Cambridge Ave. Fort Walton Beach, Fl 850 -582 -5291 3/ 5/ 2010  Page 1 of 1 Helen Spencer From: Mike Anderson Sent: Monday, March 08, 2010 8:42 AM To: Helen Spencer Subject: FW: CONSIDERATION FOR THE VACANT FWB CITY COUNCIL SEATS FYI From: Ken Wright [ mailto: kmwright r@embargmail.com] Sent: Friday, March 05, 2010 10: 34 AM To: Mike Anderson; ' Bobby Nabors' Subject: CONSIDERATION FOR THE VACANT FWB CITY COUNCIL SEATS Honorable Mayor Anderson and City Councilman Bobby Nabors — o uld like to be consider for one of the vacant City Council Seats on the FWB City Council. My permanent residence is 159 Brooks St, Unit 101,' ort Walton Beach, FL, in the heart of the Historic Downtown District. As a local native, retired Coast Guard Officer, Vice President of the Northwest Florida Military Officer' s Association, Local Business and Property Owner, Fort Walton Beach Chamber Member, and Historic Downtown District Member, I feel strongly I could represent the City of Fort Walton Beach and make decision, which would help improve the lives of our citizens. Please let me know, if you need me to provide additional information to you in your decision process. Ken Wright, ealtor Platinum Real Esta a ssoc a es of RE/MAX Southern Realty 217 Miracle Strip Parkway, SE Fort Walton Beach, FL 32548 Office: 850 -6642510 Toll Free: 1- 888-389 -3665 Mobile: 850 -582 -6442 Fax: 850-664 -6068 Trust the Local Experts, Trust Platinum" Blow http : /trustplatinum. / blogApot.com/ Email: kmwrightlr@embargmall. com Web: www. PlatinumRealEstateAssociates .com To remove your name from our mailing list please click here This electronic transmission is strictly confidential to The Platinum Real Estate Associates of RE/MAX Southern Realty and is intended solely for the person or entity to which it is intended. It may contain information, which is covered by legal, professional, or other privilege. Any review, retransmission, dissemination or other use of transmissions is prohibited. You must not retain, disclose in any form, copy or take any action in reliance on this transmission. If you have received this transmission in error, please notify us as soon as possible and destroy this message. 3/ 8/ 2010  CITY COUNCIL MEETING March 9, 2010 Discussion - Direction - Action Discussion Shariah- Compliant Financial Products Synopsis: Requested by Council Member Patterson Agenda Item Number: 93  Explanation of the Sample Shariah Finance Ordinance Provided by ACT! For America The sample ordinance that follows has not been written in precisely the same way a proposed ordinance introduced in a City Council or County Commission would be. Every local jurisdiction will draft its proposed ordinances in accordance with their established protocols. What the following ordinance provides is some background on the issue for the elected official and some language the official can use as a launching point to draft an ordinance to introduce. It' s important for you to understand what the sample ordinance does and does not do. Legal and legislative factors were carefully considered before determining the best course of action to take with this proposed ordinance. What this ordinance DOES NOT DO is attempt to ban or prohibit any kind of Shariah finance. What this ordinance DOES NOT DO is call on any financial institution to stop offering Shariah -compliant products. What this ordinance DOES DO is to prohibit the local government jurisdiction (a city or county) from doing business with AIG, HSBC, UBS and Citibank until such time as these financial institutions properly disclose what Shariah is and how it is connected to Sharjah finance. A lack of transparency, disclosure and rigorous due diligence was a principal factor in the sub -prime meltdown last year that has caused so much economic pain for Americans. Federal laws requiring transparency and disclosure were designed to provide the kind of information investors need to make wise financial decisions. When it comes to Shariah -compliant financial products, it is of the opinion of some financial and legal analysts who understand Shariah, that the current lack of transparency and disclosure or omission of material facts which describe the connection between Shariah, human rights abuses, Jihad and its funding, to Shariah Finance are civil and criminal violations of federal and state U. S. Securities Laws. Describing these Shariah Islamic Finance products on websites and 11th, London, marketing materials as "ethical investing" without disclosing that the Sept and Mumbai massacres were all Shariah- driven Jihad attacks is a specific example of an omission of material fact". 91- A,' Therefore, this ordinance is designed to " persuade" the most prominent and active promoters of Shariah products —AIG, UBS, Citibank and HSBC —to do the right thing and provide the kind of transparency, disclosure, and due diligence necessary to protect America' s financial markets and. American investors. A Sample Ordinance to Prohibit [ Named Government Jurisdiction] From Doing Business With Certain Financial Institutions That Are Not Providing Adequate Disclosure of What Shariah- Compliant Finance" Products Are Background An increasing number of financial product institutions in the United States are offering what is known as "Shariah- Compliant Finance" ( SCF) products. Leaders in this effort include Citibank, UBS, AIG, and HSBC. Shariah is the codification of Islamic law developed by Islamic jurists and scholars and practiced today by the Taliban, AI- Qaeda, and the governments of Iran, Sudan and Saudi Arabia, and in lesser degree by numerous other Islamic countries. SCF products are typically promoted by the financial institutions that offer them as simply: " socially responsible" or "ethical investing," and in compliance with Islamic prohibitions against such activities as drinking alcohol, eating pork, engaging in gambling or using pornography. However, serious legal and financial disclosure questions have been raised by policy analysts, lawyers and legal scholars, due to concerns that financial institutions are not adequately disclosing what "Shariah- compliant" actually means and the risks associated with it. A research memorandum by David Yerushalmi, entitled SHARFAH' S " BLACK BOX": CIVIL LIABILITY AND CRIMINAL EXPOSURE SURROUNDING SHARI'AH- COMPLIANT FINANCE, published in the Utah Law Review, further addresses this matter and can be found at http : /epubs. / utah.edu /index. php /ulr /article /view /76/ 68. Sample ordinance The [ named government jurisdiction] will not do business with the following named financial institutions until such time as the institution provides full and fair disclosure and transparency regarding the nature of Shariah law and Shariah -compliant finance. The institutions are: 92_ Citibank U BS HSBC AIG Full and fair disclosure must include the following listing of tenets of Shariah Law: 1) Unification of church and state under Islam. 2) Military Jihad is an obligation of the Muslim " umma ", or community. 3) Conversion, taxation or killing of non -believers. 4) Capital punishment for offenses including slandering Shariah, apostasy, and the practice of homosexuality. 5) Creation of an Islamic Economy. 6) Virtually no civil or equal rights for women. 7) No minimum age requirement for marriage and no consent required by the child. Full and fair disclosure must include the following information regarding the requirements the financial institution must fulfill to offer a Shariah Compliant product. 1) Hire recognized Shariah Sheiks or "authorities" who have final say on terms of Shariah Compliance. Install these Sheiks on Shariah advisory boards within the corporate bank structure, where these " authorities" alone sign a " Certificate of Shariah Compliance" on behalf of the bank. ( Many of these Shariah Sheiks have publicly advocated for Jihad or are affiliated with Jihadi groups.) 2) Avoid investment in " haram," or unislamic businesses and products, including: