11.B) AN ORDINANCE OF THE MAYOR AND VILLAGE COUNCIL OF THE VILLAGE OF PALMETTO BAY, FLORIDA, RELATING TO VERIFICATION OF RESIDENCY FOR ELECTED OFFICIALS; AMENDING CHAPTER 2 OF THE VILLAGE CODE OF ORDINANCES TO ADD SECTION 2-25 ESTABLISHING ANNUAL RESIDENCY VERIFICATION REQUIREMENTS AND A RESIDENCY CHALLENGE PROCESS FOR COUNCIL MEMBERS; PROVIDING FOR CODIFICATION, SEVERABILITY AND AN EFFECTIVE DATE. (Sponsored by Vice Mayor Mark Merwitzer)