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99-23326 RESO RESOLUTION NO. 99-23326 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL YEAR 1999/00. 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 G{wernment Neighborhood Improvement District (District); and WHEREAS, for the continued purpose of providing security services within the District, a final budget has been developed to fund projected Fiscal Year (FY) 1999/00 operating expenses; and WHEREAS, the final 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, at the public hearing held before the Mayor and City Commission, acting as the Board, the Board tentatively adopted the operating millage rate and 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, that the Board hereby adopts the final 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 City's General Fund Total $51,568 39.682 $91,250 APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION EXPENSES Security Service Maintenance Utilities Other Operating Total $71,850 16,400 2,500 500 $91.250 1!t/f!!!L: ~)I' /lcp Dote r PASSED and ADOPTED this 22nd day of September, 1999. J;ST: )U.JA.5 f aAC~J-'\ CITY CLERK T AND BUDGET CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 http:\\ci.miaml-beach.fl.us COMMISSION MEMORANDUM NO. 70 Y -qj TO: Mayor Neisen O. Kasdin and Members of the City Commissio DATE: September 22,1999 FROM: Sergio Rodriguez City Manager SUBJECT: A RESOLUTION F THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL YEAR 1999/00. ADMINISTRATION RECOMMENDATION Adopt the Resolution which establishes the final operating budget for the District for Fiscal Year (FY) 1999/00. 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 final millage for Normandy Shores District has been adopted (See accompanying Agenda Item R7 11 for details). ANALYSIS The final 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 RlI2 q -:;,)~-C}'1 DATE 342