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§ 265 -25. Zoning Districts and boundaries. <br />H. Extension of Bonus Payments. The City Commission may extend payments due <br />for purchase of bonus units upon recommendation of the City's Finance Director <br />provided that the payment extension does not negatively impact the financial <br />standing of the City and such extension is beneficial to the City. Any <br />extension shall be subject to approval by the City Commission. The term of an <br />extension and interest rate shall be recommended to the City Commission by <br />Finance Director or designee. <br />Section 4, Severability. If any section, subsection, clause or provision of this Ordinance is <br />declared invalid or unconstitutional by a court of competent jurisdiction, the remainder shall not <br />be affected by such invalidity. <br />Section 5. Repeal of Conflicting Provisions. All ordinances, or parts of ordinances in conflict <br />herewith be, and the same, are hereby repealed <br />Section 6. Inclusion In The Code. It is the intention of the City Commission, and it is hereby <br />ordained that the provisions of this Ordinance shall become and made a part of the City of Sunny <br />Isles Beach Code; that the sections of this Ordinance may be renumbered or re- lettered to <br />accomplish such intentions; and that the word "Ordinance" shall be changed to "Section" or other <br />appropriate word. <br />Section 7. Effective Date. This Ordinance shall become effective upon adoption on second <br />reading. <br />PASSED and ADOPTED on First Reading the day of , 2012. <br />PASSED and ADOPTED on Second Reading this le day of � Lk � , 2012. <br />ATTEST: <br />Jane A. Hines, CMC, City Clerk <br />Amending Section 265 -23 & 265 -25 Page 2 of 3 <br />