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The Lincoln Road Commercial District Special Improvement District Number 1 shall be authorized for a period of one year in accordance with the steps set forth in Section 30 of the City Charter; and shall incorporate the total area as shown in Exhibit A and for which a legal description is shown in Exhibit B, attached to this resolution. Said district is located in the area generally bounded by West Avenue to the West, The Atlantic Ocean to the East, 16th Street to the South and 17th Street to the North, and excludes all municipal parking space and residential property not fronting Lincoln Road. Section 2 Said improvement shall consist of management, marketing and promotion of the Lincoln Road Commercial District including advertising, promotion, business recruitment, and planning and design of physical improvements to the area. A detailed narrative and budget of the proposed program appears in Exhibit C, attached to this resolution. Section 3 . This improvement shall be designated in all proceedings, assessments and legislation as the Lincoln Road Commercial District Special Improvement District Number 1, and the property against which special assessments shall be made for Two Hundred Ninenteen Thousand Six Hundred Dollars representing seventy-nine percent (79%) of the total estimated cost of the improvement, shall be made on the basis of assessable property value with an assessment of 2 . 5 mills, as explained in detail in Exhibits C and D attached to this resolution. All properties within the boundaries as outlined in Exhibit A and as reflected on the most current Dade County Real Estate Rolls, inclusive of both land and building, will be included in the assessment. PASSED and ADOPTED this 20th day December , 1989 . VICE MAYOR ATTEST: t 414„/ CITY CLERK FORM APPROVED LEGAL DEPtE,t&By , Date 3/! I C /(cweat., I I ead 13,-, FLORIDA 3 3 1 3 9 ��. )* f ITAC.4 TIO\L.4,\D L'. S. .4. '• 26 OFFICE OF THE CITY MANAGER CITY HALL ROB W.PARKINS 1700 CONVENTION CENTER DRIVE CITY MANAGER • TELEPHONE: 673-7010 COMMISSION MEMORANDUM NO. I DATE: December 20 , 1989 TO: Mayor Alex Daou. •nd Members oft - ity Commi -=_ FROM: Rob W. Parki jefri City Manager v SUBJECT: Resolution of the City Commission of the City of Miami Beach, Florida, ordering a special improvement and establishing a special assessment district for a period of one year in accordance with Sections 29 and 30 of the City Charter of the City of Miami Beach to be known as the Lincoln Road Commercial District Special Improvement District Number 1 ; designating the property upon which the special assessment shall be made for the cost of promotion, management and marketing services which will stabilize, benefit and improve the Lincoln Road Commercial District; designating - the lands in this district upon which the special assessment shall be levied as specified in the attached legal description; and, stating the total estimated cost of such special assessment. BACKGROUND Chapter 170, Sections 170. 01 through 170. 16, Florida Statutes and Sections 29 and 30, Supplement #45, 5-88 of the City Charter of the City of Miami Beach allow for the establishment of Special Improvement Districts for "retail and/or wholesale business districts and/or nationally recognized historic districts to be improved through promotion, management and marketing and other similar services in business districts of the municipality. " The Lincoln Road Development Corporation supports the concept of creating a Special Improvement District around Lincoln Road for the purpose of assessing property owners for promotion, management and marketing of the district . Funds generated through the special assessment will also be used to initiate the planning and design process for major physical improvements to Lincoln Road. The Department of Economic and Community Development together with the Lincoln Road Development Corporation have prepared the attached report entitled "Proposed Special Assessment District for the Lincoln Road Commercial District" which provides the necessary steps required to establish the Special Improvement District, a narrati""e of the proposed services to be provided under the program, a detailed 3ucget breakdown, the basis and rationale for the proposed manner )f assessment and a map of the proposed district. AGENDA l ITEM • j DATE �- �_ Commission Memorandum Lincoln Road Commercial District Special Improvement District December 6, 1989 Page Two The attached resolution represents the first step in creating the Special Improvement District. The purpose of the resolution is to order the special improvement, specify the proposed nature and cost of the improvement, and to identify the District' s boundaries and the proposed manner of assessment. After passage of said resolution, additional steps need to be taken in accordance with Sections 29 and 30 of the City Charter and as outlined in the attached report. THE REQUEST That the City Commission adopt the attached Resolution of Intent , ordering the establishment of the Lincoln Road Commercial District Special Improvement District in accordance with the steps set forth in Sections 29 and 30 of the City Charter in order to fund a promotion, management and marketing program for the Lincoln Road Commercial District. RECOMMENDATION The Administration recommends that the attached Resolution be passed which orders the establishment of the Lincoln Road Commercial District Special Improvement District Number 1 in accordance with the steps set forth in Sections 29 and 30 of the City Charter. iet, 9iff PROPOSED SPECIAL ASSESSMENT DIBTRICT FOR THE LINCOLN ROAD COMMERCIaL DISTRICT Prepared By: The City of Miami Beach's Department of Economic & Community Development and the Lincoln Road Development Corporation. November, 1989 SPECIAL ,ASSESSMENT DISTRICT LQE THE LINCOLN ROAD COMMERCIAL DISTRICT Table Exhibits: Exhibit A Boundary Map Exhibit B . . . . . . . . . . . . . . . . . . . . . . . . . . Legal Description Exhibit C . . . . . . . . . . . . . . . . . . . . . . . . . . Program/Budget Description Exhibit D Supporting Rationale for Manner of Assessment Exhibit E . . . . . . . . . . . . . . . . . . . . . . . . . . Tax Role by Folio Number _ _ for Properties Located Within the District Exhibit F . . . . . . . . . . . . . . . . . . . . . . . . . . Procedure for Establishing a Special Assessment District. Lb:. 1 • F - f ' �IB II � 110 tt oftp.6 It ?I iggi qanill blJ.14 r ''' I li g OM Min iti 11 6l ".7;- - 95.103 - 1111 . ,moo = �e a- 11Ij� I'1 8 iitglii ��: E 4 Sir 4 N-1 MC 7J' 11%3 1 - Ili ' OA i j Lidift r ad .. A 1,11kNII risussrw ii:„.".., .1 MO1 -S1M tK•t/ 7-1 o � 11$i J11151111 .' git— --=--' 1 . RIM !iiiIiii14 ----- FL....10 - ....141-41, 1.m,i jt., t _ ree• . 5 fi ® Nit 6; litilEgilit I Nil Mr iirs i rl Wit4k rg 16 ANDI 111 ' 4111 °C)11‘ ) Ilr-' L-- mai .if I. I ! . ., erkfW fig : m 3,4, VINVVIASPOC341 n - - - - - 4111r: - Arial pipan - i i ft i till ;\ ESN RES imi , ' rari ar) - 016 . 0 / : V 1 , . t= .... 0 ' NEE iti Ilhili 1, 1 1 ._i _. 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Rtu,te_Q1 EXHIBIT B LINCOLN ROAD COMMERCIAL DISTRICT SPECIAL IMPROVEMENT DISTRICT NUMBER 1 LEGAL DESCRIPTION OF PROPOSED BOUNDARIES Commence at the Southwest corner of Section 34, Township 53 South, Range 42 East, thence run North 1°30' 00"W for a distance of 2340.60 feet to a point, said point being at the Southeast corner of Lot 19, Block 45, according to the plat of THE ALTON BEACH REALTY COMPANY'S, PLAT OF SUBDIVISION OF WEST HALF OF BLOCKS 17, 40, and 45, according to the plat thereof recorded in Plat Bok 6, at Page 165, Public Records of Dade County,Florida; thence run North 88o:26 '30" East for a distance of 20.00 feet to the POINT OF BEGINNING; thence run North 1°30' 00" o 30' 00" West for a distance of 571.90 feet to a point, said point located at the North Right-Of-Way line of Lincoln Road, and being the Southwest corner of Lot 1, Block 40, FIRST ADDITION TO COMMERCIAL SUBDIVISION, according to the plat thereof recorded in Plat Book 6, at Page 30, Public Records of Dade County, Florida; thence run South 88°26 ' 30" West, along the North Right-Of-Way line of Lincoln Road, for a distance of 155. 00 feet to a point; thence run along a curve concave to the Northeast, having a radius of 15.00 feet to a point of tangency with the West line of Lot 21, Block 40, THE ALTON BEACH REALTY COMPANY'S PLAT OF WEST 1/2 OF BLOCKS 17, 40 and 45, according to the plat thereof recorded in Plat Book 6, at Page 165, Public Records of Dade County, Florida; thence run North 1°30 ' 00" West, along the West line of Lots 21, 20 and 19 of the above mentioned Block 40 for a distance of 135. 00 feet to a point; thence run North 88°26' 30" East, for a distance of 170. 00 feet to a point, said point being the Southwest corner of Lot 4 of the above mentioned Block 40; thence run North 1°30 ' 00" West, along the West line of Lots 4 , 5, 6, and 7 of said Block 40 for a distance of 200. 00 feet to a point; thence run South 88°26 ' 30" West for a distance of 170. 00 feet to a point located in the Southwest corner of Lot 14 of said Block 40; thence run North 1°30'00" West, along the West line of said Block 40 for a distance of 135. 00 feet to a point; thence run along a curve concave to the Southeast, having a radius of 15.00 feet to a point, said point lcated on the South Right-of-Way line of 17th street; thence run North 88o26' 30" E, along the South Right-of-Way line of 17th street for a distance of 570. 00 feet to a point, said point being the Northeast corner of Lot 14 , Block 39, 1st ADDITION TO COMMERCIAL SUBDIVISION according to the plat thereof recorded in Plat Book 6, at Page 30, Public Records of Dade County, Florida; thence run South 1°30'00" East along the East line of Lots 14, 15, 16, 17 and 18 of the above mentioned Block 39 for a distance of 250. 00 feet to a point; thence run North 88°26'30" East for a distance of 170. 00 feet to a point, said point being the Northeast corner of Lot 8 of said Block 39 and located on the West Right-of-Way line of Lenox Avenue; thence run Southerly, along the West Right-of-Way line of Lenox Avenue for a distance of 100. 00 feet to a point; thence run North 88°26' 30" East, along the South Right-of- Way line of a certain 20. 00 foot alley (6-29, Dade) for a distance of 390. 00 feet to a point, said point being the Northeast corner of Lot 6, Block 38, COMMERCIAL SUBDIVISION OF THE ALTON BEACH REALTY COMPANY, according to the plat thereof recorded in Plat Book 6, at Page 5, Public Records of Dade County, Florida; thence run North 1°30'00" West, along the West Right-of-Way line of Michigan Avenue for a distance of 150. 00 feet to a point; thence run South 88°26' 30" West, along the North Line of Lot 9 of said Block 38 for a distance of 160.00 feet to a point; thence run North 1°30 ' 00" West, along the ..�c. - If10 of Lots 13 and 6, Block 55, Fisher's First Subdivision of Alton Beach, Plat Book 2, Page 77, Public Records of Dade County, Florida; thence run Westerly, along the South line of said lots 13 and 6 and its Easterly and Westerly extension for a distance of 665.44 feet to a point located on the West Right- of-Way line of Collins Avenue; thence run Southwesterly, along the West Right-of-Way line of Collins Avenue for a distance of 72.80 feet to aoint P , said point being the Southeast corner of Lot 5, Block 54, Fisher's First Subdivision of Alton Beach, Plat Book 2, Page 77, Public Records of Dade County, Florida; thence run Westerly, along the South line of Lots 5 and 18 of said Block 54 for a distance of 382.78 feet to a point; thence run Southerly, parallel to the center line of Washington Avenue for a distance of 100. 00 feet to a point, said point located on the South line of Lot 20 of the above mentioned Block 54; thence run Westerly, along the South line of said Lot 20 and its Westerly extension for a distance of 194. 00 feet to a point located on the West Right-of-Way line of Washington Avenue; thence run Southerly, along the West Right-of-Way line of Washington Avenue for a distance of 85.00 feet to a point of tangency; thence run alongcircular curve, concave theto a Northwest and having a radius of 15.0 0 feet to a point located on the South line of Lot 1, Block 53 , Plat of Pine Ridge Subdivision of the Alton Beach Realty Company, according to the plat thereof recorded in Plat Book 6, at Page 34, Public Records of Dade County, Florida; thence run Westerly, along the South line of Lots 1 and 10 of said Block 53 for a distance of 293. 60 feet to a point of tangency; thence run along a curve, concave to the Northeast and having a radius of 15. 00 feet to a point, said point located on the East Right-of-Way line of Drexel Avenue; thence run Northerly, along the East Right-of-Way line of Drexel Avenue for a distance of 217. 00 feet to a point, said point located on the Easterly extension of the South line of Lot 1, Block 52, Second Commercial Subdivision of the Alton Beach Realty Company, Plat Book 6, Page 33, Public Records of Dade County, Florida; thence run Westerly, along the South line of said Lot 1 and its Easterly extension for a distance of 230.00 feet to a point, said point being the Southwest corner of the above mentioned Lot 1; thence run Northerly, along the West line of said Lot 1 for a distance of 90. 00 feet to a point, said point located on the North Right-of-Way line of a certain 20. 00 foot alley as platted in Second Commercial Subdivision of the Alton Beach Realty Company (6-33 , Dade) ; thence run Westerly, along the North Right-of-Way line ofthe above mentioned alley for a distance of 2520. 00 feet to a point, said point located on the West Right-of-Way line of Alton Road; thence run Southerly, along the West Right-of-Way line of Alton Road for a distance of 306.87 feet to a point of tangency; thence run along a circular curve, concave to the Northwest, and having a radius of 15. 00 feet to a point located on the point of tangency with the North Right-of-Way line of 16th Street; thence run Westerly, along the North Right-of-Way line of 16th Street for a distance of 135. 00 feet to the POINT OF BEGINNING. Said lands located, lying, and being in the City of Miami Beach, Florida. XHIBIT "C" SPECIAL ASSESSMENT DISTRICT - TING/MANAGEMENT/PROMOTION PROPOSED EXPENDITURE OF FUNDS FOR ING/PROMOTION Shopping malls have traditionally assessed retail tenants for marketing and promotion as part of the tenants lease agreement. The purpose of the assessment is to provide continuity with promotional activities and to create a greater visibility for the mall as a place for one stop shopping. Merchants receive the benefit of increased sales, quality promotions and greater impact than if they advertised individually. Using the concept that has been successful for shopping malls, the special assessment district for marketing/management/promotions would provide the Lincoln Road Development Corporation a unique opportunity to provide similar services within the Lincoln Road Commercial District. The Lincoln Road Development Corporation proposes that a portion of the funds generated from a special assessment district be used for marketing/promotions of the Lincoln Road Commercial District. BUDGET: $64 , 000. A local Public Relations firm would be hired that would provide LRDC with services for one year. They would be charged with producing an overall image campaign to position Lincoln Road as an Arts/Entertairunent/Dining/Shopping experience unique to Miami Beach and the Greater Miami area. Cost of Public Relations Firm: $24 , 000. Products for the campaign would include: Developing a logo and position slogan for use in all advertising, direct mail promotions and banners. Cost of logo/slogan: $2 , 600. _ Design and production of a Lincoln Road press kit which would be used to send information to the media. Cost of press kit: $1, 400. Institutional ads 1 column by 6" placed in local newspapers including the Miami Herald and New Times. 52 ads to include design and production. Cost of ad placement: $24 , 000. Publication of current newsletter, INSITES, to be expanded and published bi-monthly. Cost of production/distribution/postage: $6, 000. Reprint & update of Lincoln Road Business Directory, 20, 000 copies. Cost of Directory: $5,000. Page 2 Exhibit "C" Publication of calendar of activities scheduled for Lincoln Road. To include design/art work/distribution. Cost of Calendar of Activities: $1, 000. EXHIBIT "C1" MARXETING/MANAGEMENT/PROMOTION PROPOSED EXPENDITURE OF FUNDS FOR PLANNING/DESIGN - The Lincoln Road Development Corporation recognizes the importance ofgood attract physical design to attract visitors and customers to the Lincoln Road Commercial District. Asart of the management gement program, the Lincoln Road Development Corporation would seek to hire a consulting firm which would be responsible for developing loping design standards and guidelines for street improvements.P The complete scope of services follows this narrative. The design consultant selected will be responsible for seeking input from all affected parties, including property owners, merchants, City representatives, P s, and the community at large. It is the intention of the Lincoln Road Development that the scope of services P be completed as soon as possible. As part of the selectionrocess P ` - consultants will be requested to specify a time schedule for completion. BUDGET: $50, 000. Purpose of consultant assignment is to develop strategies and plans for streetscape g. P p improvements leading to the establishment of a special assessment district for Lincoln Road. Consultant ' well consider all previous plans and recommendations for Lincoln Road. City will be responsible for preparing cost estimates based upon alternative recommendations and final design solutions developed by consultants. 1. OVERALL PLAN FOR PHYSICAL IMPROVEMENTS TO LINCOLN ROAD - Geometry - Lighting - Landscaping - Street Furniture - Signage - Parking Areas 2. DESIGN STANDARDS/GUIDELINES FOR STREETSCAPE IMPROVEMENTS 3 . LINKAGES TO SURROUNDING DEVELOPMENTS INCLUDING CONVENTION CENTER/TOPA/CIVIC CENTER AREA/OCEAN/RESIDENTIAL COMMUNITY - Washington Avenue - Drexel/Pennsylvania Avenue - Meridian Avenue - Alton Road 4 . INTERVIEWS WITH KEY PLAYERS (25-50) - LRDC Board - Property Owners - Merchants - City - MBDC, S FAC, etc. ?age 2 Exhibit "Cl" 5. PRESENTATION OF DESIGN SOLUTIONS/ALTERNATIVES - 2-3 Workshops 6. FINAL DESIGN PRESENTATION EZEIaI? C2 LINCOLN ROAD COMMERCIAL DISTRICT, SPECIAL IMPROVEMENTT DISTRICT MANAGEMENT, MARKETING & PROMOTION Proposed Budget, FY 90/91 Expenses: Salaries $69, 100 Benefits/Payroll Taxes 9, 500 Legal Services 6, 000 Accounting Services 5, 000 Audit Services 5,000 Consultants 30, 000 Planning & Design 50, 000 Meetings & Entertainment 1, 000 Marketing & Promotion 40, 000 contingencies 4 , 000- Total Expenses: $219, 600 EXHIBIT D LINCOLN ROAD COMMERCIAL DISTRICT, SPECIAL IMPROVEMENT DISTRICT PROPOSED MANNER OF ASSESSMENT AND SUPPORTING RATIONALE In attempting to determine the manner of assessment, we have been exploring various alternatives (formulas) used by other municipalities . In the case of the Lincoln Road Commercial District, we are inclined towards using the same method used by the City of Miami in establishing the Flagler Core Area Security Special Improvement District. The basis for the assessment formula would be the taxable value of property located within the District. The proposed assessment would add approximately 2 . 5 mills to the taxes already paid by the properties located in the Lincoln Road District. This figure was determined by dividing the total assessed value within the district by the proposed program budget amount as presented in this report. Due to the lack of accurate information concerning many of the properties within the district (net leasable space, tenant mix, etc. ) we are of the opinion that using the taxable value of property as a basis for the assessment represents the most equitable method since the taxable value is based upon the income potential of each property. In using this method of assessment, we have determined the average annual assessment per property to be $1, 887 and a median annual assessment of $949 . In looking at specific properties and their respective annual assessments , 701 Lincoln Road which houses Florida Power & Light, Peoples' Gas and Douglas Gardens, and which has an assessed value of $928, 987 would be assessed at $2 , 322 ; 818 Lincoln Road, a single-tenant/owner-occupied property with an assessed value of $163 , 620 would be assessed at $409 per year; the highest annual assessment would be incurred by 100 Lincoln Road, a rental apartment building with ground floor commercial space . The property has an assessed value of $15, 657 , 004 and would be assessed at $39, 143 annually. EXHIBIT D1 LINCOLN ROAD SPECIAL IMPROVEMENT DISTRICT ASSESSMENT ANALYSIS ANNUAL ASSESSMENT PROPERTY ADDRESS ASSESSED VAL S % OF TOTAL ASSESSED VAL/ PER PROPERTY ASS VAL $1,000 1664 Lenox Avenue $76,254 0.09% S76 $192 1620 Alton Road $113,470 0.13% $113 $286 1666 Lenox Avenue $116,250 0.13% $116 $293 1122 Lincoln Road $116,265 0.13% $116 $293 1628 Alton Road $118,703 0.14% $119 $299 1685 Alton Road $119,888 0.14% $120 $302 1000 17th Street $124,000 0.14% $124 $312 1616 Alton Road $136,678 0.16% $137 $344 1031 Lincoln Road $137,722 0.16% $138 $347 720 Lincoln Road S147,250 0.17% $147 $371 1626 Alton Road _ S147,615 0.17% $148 $372 631 Lincoln Road $153,739 0.18% $154 $387 536 Lincoln Road $158,500 0.18% $159 $399 818 Lincoln Road $163,620 0.19% $164 $412 1681 West Avenue $164,325 0.19% $164 $414 639 Lincoln Road $166,200 0.19% $166 $419 1023 Lincoln Road $168,648 0.19% $169 $425 607 Lincoln Road $170,000 0.20% $170 $428 665 Lincoln Road $183,195 0.21% $183 $462 1671 Alton Road $192,374 0.22% $192 $485 1695 Alton Road $196,636 0.23% $197 $496 530 Lincoln Road $200,000 0.23% $200 $504 1661 West Avenue $203,935 0.23% $204 $514 1020 Lincoln Road $211,094 0.24% $211 $532 533 Lincoln Road $212,715 0.24% $213 $536 910 Lincoln Road $215,024 0.25% $215 $542 1677 Alton Road $215,468 0.25% $215 $543 519 Lincoln Road $215,600 0.25% $216 $543 1681 Alton Road $218,749 0.25% $219 $551 - 511 Lincoln Road $222,388 0.26% $222 $560 300 Lincoln Road $229,263 0.26% $229 $578 730 Lincoln Road $229,923 0.26% $230 $579 900 Lincoln Road $233,427 0.27% $233 $588 401 Lincoln Road #801 $233,780 0.27% $234 $589 401 Lincoln Road #401 $233,780 0.27% $234 $589 401 Lincoln Road #1201 $233,780 0.27% $234 $589 401 Lincoln Road #501 $233,780 0.27% $234 $589 401 Lincoln Road #1101 $233,780 0.27% $234 $589 401 Lincoln Road #601 $233,780 0.27% $234 $589 401 Lincoln Road #1001 $233,780 0.27% $234 $589 401 Lincoln Road #701 $233,780 0.27% $234 $589 401 Lincoln Road #1401 $233,780 0.27% $234 $589 401 Lincoln Road #301 $233,780 0.27% $234 $589 401 Lincoln Road #201 $233,780 0.27% $234 $589 401 Lincoln Road #901 $233,780 0.27% $234 $589 226 Lincoln Road $240,096 0.28% $240 $605 1698 Alton Road $252,500 0.29% $253 $636 501 Lincoln Road $263,125 0.30% $263 $663 455 Lincoln Road $266,976 0.31% $267 $673 1619 Drexel Avenue $269,200 0.31% $269 $678 1600 Alton Road $276,892 0.32% $277 $698 1683 West Avenue $297,600 0.34% $298 $750 1245 Lincoln Road $302,500 0.35% $303 $762 . 1676 Alton Road $314,079 0.36% $314 $791 938 Lincoln Road $321,073 0.37% $321 $809 1680 Alton Road $344,668 0.40% $345 $869 546 Lincoln Road $359,040 0.41% $359 $905 1209 Linc. n Road S375,310 0.43% 5375 $946 337 Lincoln Road $383,621 0.44% $384 $967 1614 Alton Road $387,222 0.44% $387 $976 719 Lincoln Road $389,505 0.45% S390 S982 1665 Alton Road $393,030 0.45% $393 $990 915 Lincoln Road $394,000 0.45% S394 $993 1050 Lincoln Road S401,268 0.46% S401 S1,011 846 Lincoln Road S407,376 0.47% S407 S1,027 924 Lincoln Road $408,240 0.47% S408 $1,029 1611 Washington Avenue - S430,989 0.49% S431 S1,086 649 Lincoln Road S431,937 0.50% S432 $1,088 1668 Collins Avenue $443,716 0.51% $444 S1,118 1664 Alton Road $444,997 0.51% $445 S1,121 1036 Lincoln Road $447,583 0.51% S448 51,128 433 Lincoln Road $461,033 0.53% S461 S1,162 1130 Lincoln Road $465,150 0.53% S465 51,172 734 Lincoln Road S472,880 0.54% S473 S1,192 1670 Collins Avenue $476,948 0.55% S477 S1,202 1001 Lincoln Road $482,070 0.55% S482 $1,215 751 Lincoln Road $500,000 0.57% $500 S1,260 1625 Washington Avenue $525,861 0.60% $526 S1,325 421 Lincoln Road $535,700 0.61% S536 S1,350 1656 Alton Road $537,126 0.62% S537 S1,354 1669 Meridian Avenue $543,717 0.62% S544 S1,370 1014 Lincoln Road $545,370 0.63% $545 S1,374 1600 Washington Avenue $546,100 0.63% $546 S1,376 940 Lincoln Road $556,000 0.64% S556 S1,401 401 Lincoln Road #101 $584,450 0.67% S584 S1,473 1663 Washington Avenue $600,740 0.69% S601 S1,514 927 Lincoln Road $614,995 0.71% $615 51,550 800 Lincoln Road $661,293 0.76% S661 $1,666 600 Lincoln Road $669,961 0.77% $670 $1,688 845 Lincoln Road $677,487 0.78% $677 S1,707 1634 Alton Road $833,249 0.96% $833 S2,100 312 Lincoln Road $844,798 0.97% $845 52,129 318 Lincoln Road $850,607 0.98% S851 $2,144 1100 Lincoln Road $858,126 0.98% $858 S2,162 235 Lincoln Road $869,202 1.00% 5869 $2,190 605 Lincoln Road $891,354 1.02% $891 $2,246 701 Lincoln Road $928,987 1.07% S929 S2,341 670 Lincoln Road $939,790 1.08% $940 $2,368 230 Lincoln Road $1,039,140 1.19% S1,039 $2,619 1674 Meridian Avenue $1,047,749 1.20% S1,048 $2,640 1660 Collins Avenue $1,051,087 1.21% S1,051 $2,649 1618 Washington Avenue $1,053,975 1.21% S1,054 S2,656 1620 Drexel Avenue $1,057,772 1.21% S1,058 $2,666 551 Lincoln Road 51,070,000 1.23% S1,070 S2,696 1240 Lincoln Road $1,287,774 1.48% S1,288 S3,245 200 Lincoln Road $1,326,133 1.52% S1,326 S3,342 169 Lincoln Road $1,363,416 1.56% $1,363 $3,436 350 Lincoln Road S1,436,658 1.65% S1,437 $3,620 1650 James Avenue S1,688,049 1.94% $1,688 S4,254 1688 Meridian Avenue S2,137,646 2.45% S2,138 $5,387 1681 Meridian Avenue S2,464,504 2.83% S2,465 S6,211 1680 Meridian Avenue S2,533,244 2.91% S2,533 $6,384 1680 Michigan Avenue S3,200,000 3.67% $3,200 58,064 420 Lincoln Road S6,000,107 6.88% $6,000 S15,120 1651 Alton Road 56,552,053 7.52% S6,552 516,511 100 Lincoln Road S15,657,004 17.96% $15,657 S39,456 $87,170,126 100.0% 587,170 $219,669 MM&P Budget Requirement From Special Assessment: $219,600 Proposed Millage: 52.52 PAGE NO. 1 11/28/89 EXHIBIT E LINCOLN ROAD COMMERCIAL DISTRICT, SPECIAL IMPROVEMENT DISTRICT Assessment Rote FOLIO NO. ADDRESS LOT & BLOCK OWNER'S NAME LOT SIZE ASSESSED VAL $ 02-3233-017-0030 1683 WEST AVE PB 6-165 LOTS 12 & 13 BLK 40 UCCELLO IMMOBILIEN 15000 297600 LOT SIZE 100.000 X 150 02-3233-017-0040 1681 WEST AVE ALTON BEACH RLTY CO SUB PB UCCELLO IMMOBILIEN 7500 164325 6-165 LOT 14 BLK 40 LOT SIZE 50.000 X 150 02-3233-017-0090 1661 WEST AVE PB 6-165 LOT 19 BLK 40 U S ARTHUR SCHMIDMAN 7500 203935 POSTAL SERVICE LESSEE 02-3233-017-0100 1245 LINCOLN RD PB 6-165 LOTS 20 & 21 BLK 40 J.C.TRULEITS & E.A.S 15000 302500 LOT SIZE 150.000 X 100 02-3233-017-0110 1240 LINCOLN RD PB 6-165 LOTS 11 & 12 BLK 45 TRUSTEE ABE RESNICK 18300 '1287774 LOT SIZE 150.000 X 122 02-3234-000-0010 701 LINCOLN RD BEG AT SE COR LOT 1 BLK 35 RAE-LIN REALTY X M K 15000 928987 GOLF COURSE SUB ELY100FT N150FT W100FT S150FT INC BRIDLE PATH E OF LOT 1 02-3234-000-0020 665 LINCOLN RD BEG AT CON MON AT X OF W/L OF ALFONSO SAMOUR 6250 183195 JEFFERSON AVE & N/L OF LINCOLN RD RUN E744.10FT TO P08 TH N125 02-3234-002-0070 1014 LINCOLN RD LINCOLN SUB PB 9-69 LOTS 7 & 1000 CORPORATION 16500 545370 8 BLK 47 LOT SIZE 110.000 X 150 02-3234-002-0080 1020 LINCOLN RD LOT 9 BLK 47 LOT SIZE 50.000 ALAN C BRODY &W SHER 7500 211094 X 150 OR 10611-1223 1279 1 02-3234-002-0090 1036 LINCOLN RD LINCOLN SUB PB 9-69 LOTS 10 & NAT J RATNER TR 15000 447583 11 BLK 47 LOT SIZE 100.000 X 150 02-3234-002-0100 1050 LINCOLN RD LOT 12 BLK 47 LOT SIZE 60.000 CITY OF MIAMI BEACH 9000 401268 X 150 OR 11041-1274 0381 3 02-3234-002-0190 900 LINCOLN RD LINCOLN SUB PB 9-69 LOT 7 BLK RITA GOMBINSKI 7500 233427 48 LOT SIZE 50.000 X 150 02-3234-002-0200 910 LINCOLN RD LOT 8 BLK 48 LOT SIZE JEHOVAHS WITNESSES C 7500 215024 50.000 X 150 OR 13724-2218 0688 1 02-3234-002-0210 924 LINCOLN RD LOTS 9 & 10 8LK 48 LOT SIZE INC DANAM PROPERTIES 15000 408240 � I PAGE NO. 2 11/28/89 EXHIBIT E LINCOLN ROAD COMMERCIAL DISTRICT, SPECIAL IMPROVEMENT DISTRICT Assessment Rote FOLIO NO. ADDRESS LOT & BLOCK OWNER'S NAME LOT SIZE ASSESSED VAL S 100.000 X 150 OR 11927-1555 0983 4 02-3234-002-0220 940 LINCOLN RD LINCOLN SUB PB 9-69 LOTS 11 & 940 LINCOLN RD ENTER 15000 556000 12 BLK 48 LOT SIZE 100.000 X 150 02-3234-002-0320 800 LINCOLN RD LOTS 6-7-8 BLK 49 LOT SIZE SOUTH FLORIDA ART CE 22500 661293 150 X 150 OR 13560-495 0188 1 02-3234-002-0330 818 LINCOLN RD LOT 9 BLK 49 LOT SIZE 50.000 NISSIM SABAG &W FRAN 7500 163620 X 150 OR 11436-1835 0482 1 02-3234-002-0340 838 LINCOLN RD LOTS 10 & 11 BLK 49 LOT SIZE SALVATION ARMY 15000 321073 100.000 X 150 OR 12911-2210 0586 4 02-3234-002-0350 846 LINCOLN RD LINCOLN SUB PB 9-69 LOT 12 VAN DYKE BUILDING IN 7500 407376 BLK 49 LOT SIZE 50 X 150 02-3234-003-0020 720 LINCOLN RD PB 6-33 LOT 3 BLK 50 LOT 720 LINCOLN RD MALL 7500 147250 SIZE 50.000 X 150 02-3234-003-0030 730 LINCOLN RD ALTON BEACH REALTY CO 2 COMM ERWIN STERN 7500 229923 SUB LOT 4 BLK 50 LOT SIZE 50.000 X 150 02-3234-003-0040 734 LINCOLN RD PB 6-33 LOTS 5& 6 BLK 50 LOT JOS A MOSELEY & 15000 11 472880 SIZE 100.000 X 150 02-3234-003-0050 600 LINCOLN RD PB 6-33 LOTS 1 & 2 BLK 51 T DAVIS HILL 15000 669961 LOT SIZE IRREGULAR 02-3234-003-0060 670 LINCOLN RD PB 6-33 LOTS 3-4-5-6 BLK 51 LINCOLN CENTER ASSOC 30000 939790 LOT SIZE 200.000 X 150 02-3234-003-0070 1620 DREXEL AVE ALTON BEACH REALTY CO 2 COMM THE MIAMI BEACH COMM 38400 1057772 SUB LOT 1 BLK 52 LOT SIZE IRREGULAR 02-3234-003-0080 530 LINCOLN RD PB 6-33 LOT 2 BLK 52 LOT BRUCE MELCERAS 7500 200000 SIZE 50.000 X 150 02-3234-003-0090 536 LINCOLN RD PB 6-33 LOT 3 BLK 52 LOT THE DENISON CORP 7500 158500 SIZE 50.000 X 150 02-3234-003-0100 546 LINCOLN RD PB 6-33 LOT 4 BLK 52 LOT THE DENISON CORP 9000 359040 SIZE 60.000 x 150 02-3234-004-0740 1680 MICHIGAN AVE LOTS 10-11 & 12 BLK 38 LOT BENJAMIN FRANKLIN SA 24000 3200000 I I PAGE NO. 3 11/28/89 EXHIBIT E LINCOLN ROAD COMMERCIAL DISTRICT, SPECIAL IMPROVEMENT DISTRICT Assessment Role FOLIO NO. ADDRESS LOT & BLOCK OWNER'S NAME LOT SIZE ASSESSED VAL S SIZE 150.000 X 160 OR 12385-0437 0185 3 02-3234-004-0770 1000 17 ST LOT 13 BLK 38 LOT SIZE CORINTH INVESTMENTS 8000 124000 50.000 X 160 OR 12231-1338 0584 4 02-3234-004-0850 1664 LENOX AVE LOT 7 BLK 39 LOT SIZE 4500 UCCELLO IMMOBILIEN 4500 76254 SQUARE FEET OR 10275-2171 0179 5 02-3234-004-0860 1666 LENOX AVE LOT 8 BLK 39 LOT SIZE 7500 UCCELLO IMMOBILIEN 7500 116250 SQUARE FEET OR 10275-2171 0179 5 02-3234-005-0010 639 LINCOLN RD LOT 2 BLK 1 LOT SIZE PHYLLIS H A BUHLER 5250 166200 50.000 X 105 02-3234-005-0020 631 LINCOLN RD LINCOLN RD SUB A PB 34-66 LOT MORECO INC 5250 153739 3 BLK 1 LOT SIZE 50.000 X 105 02-3234-005-0030 607 LINCOLN RD LOT 4 LESS E.47FT BLK 1 LOT MORECO INC 5201 170000 SIZE 49.530 X 105 OR 12370-627 1284 4 02-3234-005-0040 605 LINCOLN RD LINCOLN RD SUB A PB 34-66 LOT NATHAN FINKELSTEIN T 10286 891354 5 & E.47FT OF LOT 4 & LOT 6 BLK 1 02-3234-005-0050 551 LINCOLN RD LOTS 1-2-3 INC BLK 2 LOT SIZE LINCOLN ACQUISITION 15487 1070000 147.500 X 105 OR 10911-1146 1080 4 02-3234-005-0060 533 LINCOLN RD LOT 4 BLK 2 LOT SIZE 50.000 X DENNIS N FRANKEL 5250 212715 105 OR 12786-1104 0884 4 02-3234-005-0070 519 LINCOLN RD LINCOLN RD SUB A PB 34-66 LOT CARLOS L D GABRIEL 5250 215600 5 BLK 2 LOT SIZE 50 X 105 02-3234-005-0080 511 LINCOLN RD LOT 6 BLK 2 LOT SIZE WANG JAMES C W 5250 222388 50.000 X 105 OR 13355-2713 0787 1 02-3234-005-0090 501 LINCOLN RD LINCOLN RD SUB A PB 34-66 LOT J BERENS & SONS DEV 4987 263125 7 BLK 2 LOT SIZE 47.500 X 105 02-3234-005-0100 455 LINCOLN RD LOT 1 BLK 3 LOT SIZE 47.500 X MORRIS RAPPORT &W SU 4987 266976 I 105 OR 12977-3615 0186 4 I I PAGE N0. 4 11/28/89 EXHIBIT E LINCOLN ROAD COMMERCIAL DISTRICT, SPECIAL IMPROVEMENT DISTRICT Assessment Rote FOLIO NO. ADDRESS LOT & BLOCK OWNER'S NAME LOT SIZE ASSESSED VAL S 02-3234-005-0110 433 LINCOLN RD LOTS 2 & 3 BLK 3 LOT SIZE MAX BODERMAN ET ALS 10500 461033 100.000 X 105 02-3234-005-0120 421 LINCOLN RD LOTS 4 & 5 BLK 3 LOT SIZE FINANCIAL FEDL 10500 535700 100.000 X 105 02-3234-006-0010 1600 WASHINGTON AVE LOT 1 BLK 53 LOT SIZE 100.000 SHARMAN INVESTMENT C 16200 546100 X 162 OR 13131-2062 1286 4 02-3234-006-0020 420 LINCOLN RD LOT 3 LESS N2OFT & ALL LOTS 2 LINCOLN ROAD ASSOC L 84639 6000107 & 4 BLK 53 LOT SIZE IRREGULAR 02-3234-006-0030 1618 WASHINGTON AVE LOT 5 LESS N2OFT & ALL LOTS LINCOLN ROAD ASSOC L 29160 1053975 6-7 & 8 BLK 53 LOT SIZE 180.000 X 162 02-3234-006-0040 1619 DREXEL AVE LOTS 9 & 10 BLK 53 LOT SIZE MERCANTILE NATL. BK 0 16200 269200 100.000 X 162 02-3234-007-0490 751 LINCOLN RD LOT 1 BLK 35 LESS BEG NW COR SRG BEACH ASSOCIATES 18836 500000 LOT 1 TH S135FT SELY AD 23.56FT E40.37FT N84.25FT 02-3234-007-0491 719 LINCOLN RD BEG NW COR LOT 1 BLK 35TH HEY INC 11720 389505 S135FT SELY AD OF 23.56FT E40.37FT N84.25 E51.46FT 02-3234-007-0520 1669 MERIDIAN AVE GOLF COURSE SUB AMD PL PB 6-26 DALED PRODUCTS CORP 20680 543717 LOT 3 & S371/2FT LOT 4 & PORT OF BRIDLE PATH E OF SAME BLK 35 02-3234-007-0530 1681 MERIDIAN AVE N12.5FT OF LOT 4 & ALL LOTS FEDERATED DEPT STORE 50055 2464504 5-6- 7-8 Si PORTION OF BRIDLE PATH E OF SAME BLK 35 02-3234-007-0550 845 LINCOLN RD GOLF COURSE SUB AMD PL PB 6-26 EMUNA CORP 22500 677487 W1/2 LOT 1 BLK 36 LOT SIZE 150.000 X 150 02-3234-007-0580 1674 MERIDIAN AVE LOT 5 & N5FT LOT 4 BLK 36 LOT HERMAN ROSENBAUM &W 8250 1047749 SIZE 55.000 X 150 OR 10539-196 1079 1 02-3234-007-0590 1680 MERIDIAN AVE LOT 6 & S1/2 LOT 7 BLK 36 LOT MERIDIAN ASSOCIATES 11250 2533244 I I I EXHIBIT "F'" The procedure for establishing a special assessment district for local improvements is set forth in Sections 29 and 30 of the Miami Beach City Charter. Essentially, the following steps must be taken for such assessments. 1. Miami Beach City Charter Section 30 (d) : Resolution ordering - the local improvement must be passed at a regular or special meeting of the City Commission. The resolution must be specific in indicating the local improvement to be made. - 2 . Miami Beach City Charter Section 30 (e) : After the passage of said resolution, the Officer so designated by the City Commission shall file with the City Clerk an estimate of the improvements' cost. 3 . Miami Beach City Charger Section 30 (f) : The-City Clerk shall notice the meeting of the City Commission not earlier than ten days from such notice that the Commission will hear objections of all interested persons to the confirmation of the resolution ordering the local improvement. 4 . Miami Beach Charter Section 30 (g) : At the City Commission meeting named in the aforementioned notice, the Commission shall receive written objections of interested persons, and may act upon the objections. (NOTE: If the property owners object to the local improvement, the Commission may vote against the local improvements) . 5. Miami Beach City Charter Section 30 (i) : All objections not made in writing and filed with the City Clerk shall be waived. The confirmation of the resolution shall be the final adjudication of the issues presented, unless proper steps shall be taken in a court of competent jurisdiction to secure relief within ten days. 6. Within ten days after confirmation, the resolution, together _ with the estimates submitted by the official designated by the City Commission shall be recorded by the City Clerk. 7 . Miami Beach City Charter Section 30 (k) : The City Engineer shall prepare a preliminary assessment roll and file it with the City Clerk. 8. The assessment roll shall be filed with the City Clerk and shall be published by the Clerk for two successive weeks. The Clerk shall notice the regular meeting of the City Commission at which all interested persons may appear and file written objections to the confirmation of the assessment roll. Page 2 Exhibit "F" 9. Miami Beach City Charter Section 30 (s) : At that meeting the City Commission shall hear and receive written objections of interested persons regarding the assessment roll . Then or thereafter, the City Commission shall act upon the objections. 10. Miami Beach Charter Section 30 (t) : Any property owners so assessed shall within ten days from confirmation of the assessment roll file a written verified petition in the Circuit Court objecting to the assessment. 11. Miami Beach City Charter Section 30 (v) : Thirty days after the confirmation of the assessments, the amounts apportioned shall be due and payable at the office of the Finance Director. 12 . Miami Beach City Charter Section 30 (y) : On or after the confirmation of the resolution ordering the local improvements, the City Commission may, by resolution, issue bonds of the City for the payment of the entire cost or any part thereof. Reprinted from a memorandum dated August 24 , 1987 , to Stuart Rogel, Director of Economic and Community Development, from Jean K. Olin, First Assistant City Attorney - Litigation, entitled Special Assessment District: Art Deco Security Services. ORIGINAL RESOLUTION NO. 19849 (Ordering and establishing a special assessment district for a period of one year to be known as the Lincoln Road Commercial District Special Imp District No. 1, etc.)