Municipality of Kotor

The Municipality of Kotor is a legal entity with rights and liabilities which are ascertained by the Constitution, by the Law, and by this Statute. Kotor, as an ancient city under UNESCO’s protection since 1979 is recognizable in the region and the world. Valuable cultural and historical heritage and natural features have contributed to the inscription of the old town of Kotor on the List of World Natural and Cultural Heritage. Boka Bay was named one of the twenty five most beautiful bays in the world whereas Kotor became a member of the Association of Walled cities of the Mediterranean. Over 60% of the monumental heritage of Montenegro is located on the territory of Kotor. The Municipality is represented and its interests are safeguarded by the Mayor. It has 172 employees. It's budget for the year 2013 is 14.500 000,00 € (http://www.cg.opstinakotor.org/images/stories/dokumenti/finansije_i_priv...). The Municipal property consists of mobile and immobile assets, funds, stocks and bonds, and other ownership rights, in accordance with the law. The Municipal property is managed and administrated by the Parliament. The Municipal Parliament can transfer the right of giving the property for rent and the right of selling mobile assets to competent local administrative organs, in accordance with special decision. The Decision to obtain assets, using planned funds from the municipal budget, is brought by the Mayor. The selling or the replacement of mobile and immobile assets owned by the Municipality, is being carried out in the form of proceedings and in the manner regulated by the law. Administrative organs from the Items 2, 3 and 4 are liable to manage and administrate the assets scrupulously, in accordance with the principles of good business performance, and in accordance with the law and this Statute.