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99-23279A RESO RESOLUTION NO. 99-23279A A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE TENTATIVE OPERATING BUDGET FOR FISCAL YEAR 1999/00 SUBJECT TO A SECOND PUBLIC HEARING SCHEDULED AT 5:02 P.M., WEDNESDAY, SEPTEMBER 22, 1999. WHEREAS, for the purpose of providing security services within the Normandy Shores neighborhood area, the Mayor and City Commission adopted Ordinance No. 93-2881 on October 20, 1993, which authorized the creation of the Normandy Shores Local Government Neighborhood Improvement District (District); and WHEREAS, for the continued purpose of providing security services within the District, a tentative budget has been developed to fund projected Fiscal Year (FY) 1999/00 operating expenses; and WHEREAS, the tentative operating budget has been reviewed by the Board of Directors of the District (Board) to assure its content and scope; and WHEREAS, on September 13, 1999, a public hearing was held before the Mayor and City Commission, acting as the Board, on the proposed operating millage rate and tentative operating budget for the District for FY 1999/00. NOW, THEREFORE BE IT DULY RESOLVED BY THE BOARD OF DIRECTORS OF THE NORMANDY SHORES NEIGHBORHOOD IMPROVEMENT DISTRICT, as follows: (1) That the Board hereby adopts the tentative operating budget for the Normandy Shores Local Government Neighborhood Improvement District for FY 1999/00 as summarized herein and listed below: REVENUES Ad Valorem Tax $51,568 City's General Fund 39.682 Total $91.250 EXPENSES Security Service Maintenance Utilities Other Operating Total $71,850 16,400 2,500 500 $91.250 (2) The second and final public hearing on the proposed operating budget for FY 1999/00 shall be held at 5:02 P.M., on Wednesday, September 22, 1999 in the City Commission Chambers, City Hall, 1700 Convention Center Drive, Miami Beach, Florida. PASSED and ADOPTED this 13th cfu.y O~&~ber, 1999. MAYOR ATTEST: ~kJ- ~~ CITY CLERK FUNDING APPROVED T AND BUDGET APPROVED pS TO FORN\ & LANGUAGE & FOR EXECUTION "lit If!i)t~ City Attorney YIJ.:5 (11 ~-/ ~ITY OF MIAMI BEACH TY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 tp:\\ci.miami-beach. fl. us COMMISSION MEMORANDUM NO. 50,5 -Cft TO: Mayor Neisen O. Kasdin and Members of the City C ission DATE: September 13, 1999 FROM: Sergio Rodriguez City Manager SUBJECT: A RESOL ION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE TENTATIVE OPERATING BUDGET FOR FISCAL YEAR 1999/00 SUBJECT TO A SECOND PUBLIC HEARING SCHEDULED AT 5:02 P.M., WEDNESDAY, SEPTEMBER 22, 1999. ADMINISTRATION RECOMMENDATION Adopt the Resolution which establishes the tentative operating budget for the District for Fiscal Year (FY) 1999/00, subject to a second public hearing to be held on Wednesday, September 22, 1999. PROCEDURE The operating millage and budget for this dependent special taxing district must be adopted in accordance with Florida Statutes. This procedure requires that this Resolution be considered immediately after the tentative millage for Normandy Shores District has been adopted (See accompanying Agenda Item R7 Bl for details). ANAL YSIS The tentative operating budget for the District is as follows: REVENUES Ad Valorem Tax $51,568 City's General Fund 39.682 Total $91.250 EXPENSES Security Service Maintenance Utilities Other Operating Total $71,850 16,400 2,500 500 $91.250 AGENDA ITEM f\lrslv 9-/~~-9C; DATE Normandy Shores FY 1999/00 Tentative Budget Page Two September 13, 1999 The difference between the revenues which will be generated from ad valorem tax proceeds and the total budgetary requirement of the District must be supplemented in the amount of$39,682 or 44% of the total operating budget. The General Fund has funded this difference for each of the five years since the District was established. The amount provided by the General Fund for this purpose in FY 1998/99 was $40,400. During the year the amount of annual funding to be provided by the City and the dependent status of the District were issues discussed by the Finance and Citywide Projects Committee. A determination was reached that the City would fund 35% of the annual cost of the operation of the community guard gate. This cost will eventually be funded from the golf course operation of the Normandy Shores Golf Course. The City Attorney's Office is reviewing the issue regarding the dependent status of the District. It was further agreed that the City would continue to supplement the District at current levels until both issues were resolved. On July 21, 1999, the City Commission adopted Resolution 99-23271 which set the proposed operating millage rate for the District at 0.955. CONCLUSION The City Commission acting in its capacity as the Board of Directors of the Normandy shores Local Government Neighborhood Improvement District should adopt the attached Resolution which established a tentative operating budget and schedules the second and final public hearing. S;;:Jrff ~