Call special election on general fund reserve charter amendment

03 of the Miami-Dade County Home Rule Charter, as well as the City Charter and Chapter 18 of the City Code, the City Commission is authorized to submit ballot questions to the electors of the City for approval or rejection of proposed amendments to the City Charter;

03 of the Miami-Dade County Home Rule Charter, as well as the City Charter and Chapter 18 of the City Code, the Commission seeks to place before the voters an amendment to the City’s Charter. The specific language for the amendment to the City Charter proposed by this Section is provided in Exhibit 1 to this Resolution. SECTION 3. ELECTION CALLED. That on April 21, 2026, qualified electors in the City of Coral Gables will be presented with the ballot question provided in Section 4 of this Resolution. SECTION 4. FORM OF THE BALLOT QUESTION. That the form of ballot for the question provided for in Section 2 of this Resolution shall substantially be as provided below: FUND RESERVE POLICY AND EXPENDITURE OF GENERAL FUND RESERVES Shall the City Charter be amended to require: That the City maintain a General Fund Reserve at twenty-five percent (25%) of the City’s operating budget and that a four-fifths vote of the City Commission is required to Docusign Envelope ID: 082DC770-8227-4F8C-90A0-DDFC33E532B1 Page 3 of 6 – Resolution No. 2026-35 otherwise amend the fund reserve policy adopted in Ordinance No. 2025-05 or to expend funds from the General Fund Reserve, except in those emergency situations outlined in the Ordinance? YES NO SECTION 5. BALLOTING. That mail ballots, as prescribed in

6101- 101.6107, Florida Statutes, shall be used in this special election. All qualified City electors who are timely registered in accordance with law shall be entitled to vote. The City Clerk is authorized to obtain any and all necessary election administration services from the Miami-Dade County (the “County”) Supervisor of Elections. The County registration books shall remain open at the Office of the County Supervisor of Elections until the date at which the registration books shall close in accordance with the provisions of the general election laws. The City Clerk and the County Supervisor of Elections are hereby authorized to take all appropriate action necessary to carry into effect and accomplish the provisions of this Resolution. This election shall be canvassed by the Miami-Dade County Canvassing Board. SECTION 6. NOTICE OF ELECTION. That notice of said election shall be published in accordance with

342, Fla. Stat., in a newspaper of general circulation within the City at least 30 days prior to said election, or by publication on the County’s website as provided in

0311, Fla. Stat., the municipality’s website, or the supervisor’s website, as applicable. The first publication shall be in the fifth week prior to the election, and the second publication shall be in the third week prior to the election, and notice shall be in substantially the following form: ''NOTICE OF SPECIAL ELECTION" PUBLIC NOTICE IS HEREBY GIVEN THAT PURSUANT TO RESOLUTION NO. 2026-35 ADOPTED BY THE CITY COMMISSION OF THE CITY OF CORAL GABLES, FLORIDA, AN ELECTION HAS BEEN CALLED AND ORDERED TO BE HELD WITHIN THE CITY ON TUESDAY, APRIL 21, BY MAIL BALLOT., AT WHICH TIME THE FOLLOWING PROPOSAL SHALL BE SUBMITTED TO THE QUALIFIED ELECTORS OF THE CITY FUND RESERVE POLICY AND EXPENDITURE OF GENERAL FUND RESERVES Shall the City Charter be amended to require: That the City maintain a General Fund Reserve at twenty-five percent (25%) of the City’s Docusign Envelope ID: 082DC770-8227-4F8C-90A0-DDFC33E532B1 Page 4 of 6 – Resolution No. 2026-35 operating budget and that a four-fifths vote of the City Commission is required to otherwise amend the fund reserve policy adopted in Ordinance No. 2025-05 or to expend funds from the General Fund Reserve, except in those emergency situations outlined in the Ordinance? YES NO SECTION 7. EFFECTIVENESS. A. That the question provided for in Section 2 and 4 above shall become effective only if the majority of qualified electors voting on the specific question vote for its adoption, and it shall be considered adopted and effective upon certification of election results. B. That the City Attorney is authorized to revise the City Charter to the extent necessary to assure that the adoption of the Charter amendment provided for in this question conforms to and is properly included in the publication of the revised Charter, and to provide for transitional provision if needed. C. That the City Attorney is authorized to revise the exact wording of this resolution, the ballot question contained herein, and the exhibit hereto to the extent necessary to ensure its placement on the ballot in accordance with law. D. That following the election, the City Clerk, City Attorney, and City Manager are directed to revise and encode and take any necessary actions to implement the amendment, if approved by the voters. SECTION 8. INCLUSION IN THE CHARTER. That subject to the requirements herein, it is the intent of the City Commission, and it is hereby provided, that any Charter amendment approved by the voters shall become and be made a part of the City Charter. SECTION 9. EFFECTIVE DATE. This Resolution shall become effective upon passage and adoption herein. PASSED AND ADOPTED THIS TWENTY-SEVENTH DAY OF JANUARY, A.D., 2026. (Moved: Lara / Seconded: Fernandez) (Yeas: Lara, Anderson, Fernandez, Lago) (Unanimous: 4-0 Vote) (Absent: Castro) (Non-Agenda Item) Docusign Envelope ID: 082DC770-8227-4F8C-90A0-DDFC33E532B1 Page 5 of 6 – Resolution No. 2026-35 APPROVED: VINCE LAGO MAYOR ATTEST: BILLY Y. URQUIA CITY CLERK APPROVED AS TO FORM AND LEGAL SUFFICIENCY: CRISTINA M. SUÁREZ CITY ATTORNEY Docusign Envelope ID: 082DC770-8227-4F8C-90A0-DDFC33E532B1 Page 6 of 6 – Resolution No. 2026-35 EXHIBIT 1 (Deletions are indicated by strikethrough. Insertions are indicated by underline.) Sec. 20. Unappropriated Accruing Revenue, Unexpended Balances, General Fund Reserve. The Commission may, from time to time, appropriate for such uses as it determines any unappropriated accruing revenue of the City as well as the balance remaining for an appropriation after the purpose of the said appropriation has been accomplished or abandoned. The City shall maintain the classifications of Fund Balance adopted in Ordinance No. 2025-05 which codified the City’s Fund Balance and Reserve Policy. The General Fund Reserve shall be maintained at twenty-five percent (25%) of the City’s total Operating Expense and Debt Service budget. Any amendment to the Fund Balance and Reserve Policy, excluding the General Fund Reserve twenty-five (25%) requirement, and any expenditure of the General Fund Reserve, other than those funds authorized to be spent pursuant to the emergency powers of the City as authorized in the Charter or City Code, shall require a supermajority, four-fifths, vote of the City Commission.