94-21165 RESORESOLUTION NO. 94-21165
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, CREATING A SPECIAL ASSESSMENT DISTRICT TO
BE KNOWN AS THE LINCOLN ROAD CAPITAL IMPROVEMENTS DISTRICT
NO. 1; PROVIDING FOR THE LEVYING OF SPECIAL ASSESSMENTS;
INDICATING THE LOCATION, NATURE AND ESTIMATED COST OF THOSE
IMPROVEMENTS WHOSE COSTS IS TO BE DEFRAYED IN PART BY THE
SPECIAL ASSESSMENTS; PROVIDING THE PORTION OF THE ESTIMATED
COST OF THE IMPROVEMENTS TO BE PARTIALLY DEFRAYED BY THE
SPECIAL ASSESSMENTS; PROVIDING THE MANNER IN WHICH SUCH
SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH
SPECIAL ASSESSMENTS SHALL BE MADE; DESIGNATING LANDS UPON
WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR
PUBLICATION OF THIS RESOLUTION; AND AUTHORIZING RELATED
ACTIONS.
WHEREAS, the Lincoln Road Task Force (Task Force) was established in order to work
with the City of Miami Beach, Florida (City) in developing a comprehensive plan for the
overall redevelopment and revitalization of the Lincoln Road area, located within the
corporate limits of the City (Area); and
WHEREAS, the purpose of the Task Force and the City's revitalization efforts is to
maintain the redevelopment momentum which has been generated in the Area and to realize
the promise that many business and property owners are beginning to experience, as well as
to increase the sense of pride and community that the citizens of Miami Beach have for the
Area; and
WHEREAS, in order to continue to stimulate and ultimately realize the City and Task
Force's revitalization plan for the Area, the Mayor and City Commission have determined to
make and acquire, or cause to be made and acquired, the public improvements set forth in
Exhibit "A", attached and incorporated herein (Improvements), for that area of Lincoln Road
bounded on the West by West Avenue, on the East by Collins Avenue, on the South by 16th
Street, and on the North by 1 7th Street (District); and
WHEREAS, the Mayor and City Commission wish to defray a portion of the cost of the
Improvements by special assessments (Assessments); and
WHEREAS, Chapter 170, Florida Statutes, as amended (Act), provides that a
municipality may levy and collect special assessments against property benefited for the
purpose of making public improvements, and the City wishes to proceed in accordance with
the Act by creating a special assessment district to be known as the "Lincoln Road Capital
Improvements District No. 1 ", for the purpose of making the Improvements within the District;
and
WHEREAS, the Mayor and City Commission have further determined that benefits will
accrue to the property improved within the District, and that Assessments will be made in
proportion to the benefits received, all as set forth in Exhibit "B", attached and incorporated
herein; and
WHEREAS, the Mayor and City Commission have further determined that the
Assessments to be levied will not exceed the benefits to the property improved thereby.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA THAT:
~ All findings and recitals contained in this Resolution are hereby
adopted and incorporated herein.
,S~TJO3~L~ Assessments shall be levied in accordance with the provisions of
the Act, and as described herein, to defray a portion of the cost of the Improvements.
SECTION 3. In accordance with Ordinance No. 92-2782, adopted by the City
on June 17, 1992, it is hereby determined that the provisions of Ordinance No. 92-2782 shall
levied and imposed pursuant to the provision of this
not apply to the Assessments
Resolution.
SECTION 4.
attached and incorporated
The nature of the Improvements is set forth in Exhibit "A",
herein, and more specifically described in the plans and
specifications on file with the City Clerk.
SECTION $. The District upon which the Assessments shall be levied shall
incorporate the total area as set forth in the map attached and incorporated herein as Exhibit
"C", and reflecting the legal description as set forth in Exhibit "D", attached and incorporated
herein.
SECTION 6. The estimated cost of the Improvements, including, without
limitation, costs of construction, labor and materials, cost of plans, specifications and
surveys, engineering and legal expenses, financing charges, capitalized interest and
contingency, is approximately $9,780,000.00 (Estimated Cost).
~ The Assessments will defray approximately $4,890,000.00 of the
Estimated Cost, the balance to be paid by the City from other available funds.
~ The Assessments, (i) with respect to commercial properties within
the District, shall be made on the combined basis of linear front footage, linear side footage
and, with respect to space above ground level, square footage, as applicable, and (ii) with
respect to residential properties within the District, shall be made on the basis of square
footage, all as more particularly described in Exhibit "E", attached and incorporated herein.
~ In the event the actual cost of the Improvements exceeds the
Estimated Cost, such excess shall also be paid by the City from other available funds.
~ The Assessments shall be levied on all lots and lands which are
adjoining, contiguous, bounding or abutting upon the Improvements or specially benefited
thereby, and further designated on the Assessment plat referenced below within the boundary
of the District.
~ At the time of adoption of this Resolution, there is on file with the
City Clerk, an Assessment plat showing the area to be assessed, with plans and specifications,
and an estimate of the cost which is open to inspection by the public.
SECTION 12. The City Administration is hereby authorized and directed to
cause to be made a preliminary assessment roll, as promptly as possible, which shall show the
lots assessed, the amounts of benefit to and the Assessments against each lot and the number
of annual installments into which the Assessments are divided.
$I~C'I-ION 13. Assessments shall be payable at the Office of the Finance Director
of the City over a period of fifteen (15) years, in equal annual principal installments, plus
interest thereon at a rate of interest equal to eight percent (8%) per annum computed on the
unpaid balance thereof from the date of acceptance of the Improvements by the City. The
annual installments and interest payments shall be due and payable on the first day of the
month occurring three (3) months after acceptance of the Improvements by the City, and on
the same day of each year thereafter until paid in full. Annual installments not paid when due
shall become due and payable in accordance with the provisions of the Act. Assessments with
respect to any property may be prepaid in whole, but not in part, on any date after the
Improvements have been completed and accepted by the City, by presenting to the Finance
Director of the City monies sufficient to pay the remaining unpaid balance of the Assessments
plus interest to accrue to the next succeeding annual installment due date (or to the second
succeeding annual installment due date if such prepayment is made within forty-five (45)
calendar days of the next succeeding annual installment due date); provided, however, that
Assessments with respect to any property may be prepaid in whole, but not in part, without
interest (other than interest which is part of the Estimated Cost), at any time within thirty (30)
days after the Improvements are completed and accepted by the City, by presenting to the
Finance Director of the City monies sufficient to pay the unpaid balance of such Assessments.
The Finance Director of the City shall mail to each property owner within the District bills for
each annual installment at least thirty (30) days before their due date.
SECTION 14. Upon completion of the preliminary assessment roll, the Mayor
and City Commission shall adopt a subsequent resolution to fix a time and place at which the
owners of the property to be assessed or any other persons interested therein may appear
before the Mayor and City Commission and be heard as to the propriety and advisability of
the Assessments or the making of the Improvements, the costs thereof, the manner of payment
therefor, or the amount thereof to be assessed against each lot as improved, all in accordance
with the Act.
SECTION 15. The City Clerk is hereby directed to cause this Resolution to be
published once in a newspaper of general circulation within the City.
SECTION 16. The City Administration is hereby authorized and directed to take
all actions necessary to carry out the intent of this Resolution.
SECTION 17. This Resolution shall take effect upon its adoption.
ATTEST:
CITY CLERK
RJA/cnm
RJAdsk2~a:specdist.res-5/12/9420
PASSED and ADOPTED this 18th da,~
FORM AP/P OVED
LEG EPT.
4
EXHBIT A
I.INCOLN ROAD CAPITAL IMPRO~ DISTRICt #1
Proposed Capital Improvements
50~E
Planing
HARDSCAP~
Curbs
Surfac~
DEMOLITION & PREP
Remove Amenities
Remove Curbs
Remove Paving
Set. tX ISerriers
Graphics
~ U~h~
Plant~r Wall Improvement~
'$1,473,914
93216
522~6S.20
2~00
187,704
417,350
1213,1~
3~,7~
5i~ F~ 4~
~atg F~a~ ~pmvemen~
SUB'/EKAL 6,,385,524,80
TOTAL 7,343,353.52
Contingency & Professional Fee~
GRAND TOTAL
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CAPITAL IMPROVEMENT DISTRICT
LEGAL DESCRIPTION
All of Lots 1, 2 and 3, Block 30, Alton Beach First Subdivision, Plat Book 2 at Page 77 of the
Public Records of Dade County, Florida
AND
Ail of Lots i through 6 and 14 through 20, Block 31, Alton Beach First Subdivision, Plat Book
2 at Page 77 of the Public Records of Dade County, Florida.
AND.
All of Lots 1 through 6, Block 1, all of Lots 1 through 7, Block 2 and all of Lots I through 7,
Block 3, Lincoln Road Subdivision A, Plat Book 34 at Page 66 of the Public Records of Dade
County, Florida.
AND
All of Blocks 35 and 36, Golf Course Subdivision Amended Plat, Plat Book 6 at Page 26 of the
Public Records of Dade County, Florida.
AND
All of Block 37, Commercial Subdivision, Plat Book 6 at Page 5 of the Public Records of Dade
County, Florida.
AND
All of Lots I through 6, Block 38, Commercial Subdivision, Plat Book 6 at Page 5 of the Public
Records of Dade County, Florida.
AND
All of Lots 7 through 20, Block 38, Palm View Subdiivision, Plat Book 6 at Page 29 of the
Public Records of Dade County.
AND
All of Lots 1 through 6, Block 39, Commercial Subdivision, Plat Book 6 at Page 29 of the
Public Records of Dade County, Florida.
AND
All of Lots 7 through 13, Block 39, Palm View Subdivision, Plat Book 6 at Page 29 of the
Public Records of Dade County, Florida.
AND
All of Lots 14 through 20, Block 39, Commercial Subdivision First Addition, Plat Book 6 at
Page 30 of the Public Records of Dade County, Florida.
AND
All of Lots 1 through 10, Block 40, Commercial Subdivision First Addition, Plat Book 6 at Page
30 of the Public Records of Dade County, Florida.
AND
Lots 20 and 21, Block 40, Alton Beach Realty Company's Subdivision, Plat Book 6 at Page 165
of the Public Records of Dade County, Florida.
AND
Lots 11 and 12, Block 45, Alton Beach Realty Company's Subdivision, Plat Book 6 at Page 165
of the Public Records of Dade County, Florida.
AND
All of the Lots 1 through 9, Block 45, Commercial Subdivision, Plat Book 6 at Page 5 of the
Public Records of Dade County, Florida.
AND
All of Lots 7 through 18 Block 46, Commercial Subdivision, Plat Book 6 at Page 5 of the Public
Records of Dade County, Florida.
AND
Ail of Lots 6 through 12, Block 47, Lincoln Subdivision, Plat Book 9 at Page 69 of the Public
Records of Dade County, Florida.
AND
All of Lots 5 through 13, Block 48, Lincoln Subdivision, Plat Book 9 at Page 69 of the Public
Records of Dade County, Florida.
AND
All of Lots 7 through 13, Block 49, Lincoln Subdivision, Plat Book 9 at Page 69 of the Public
Records of Dade County.
AND
All Lots 1 through 6, Block 50, Alton Beach Realty Company's Second Commercial
Subdivision, Plat Book 6 at Page 33 of the Public Records of Dade County, Florida.
AND
All of Lots 6 and 7, Block 50A, Lincoln Subdivision, Plat Book 9 at Page 69 of the Public
Records of Dade County, Florida.
AND
All of Lots 1 through 6, Block 51, Alton Beach Realty Company's Second Commercial
Subdivision, Plat Book 6 at Page 33 of the Public Records of Dade County, Florida.
AND
All of Lots 1 through 4, Block 52, Alton Beach Realty Company's Second Commercial
Subdivision, Plat Book 6 at Page 33 of the Public Records of Dade County, Florida.
AND
All of Lots 1 through 10, Block 53, Pine Ridge Subdivision, Plat Book 6 at Page 34 of the
Public Records of Dade County, Florida.
AND
Ail of Lots 5 through 22, Block 54, Alton Beach First Subdivision, Plat Book 2 at Page 77 of
the Public Records of Dade County, Florida.
AND
That POrtion of Section 34, Township 53 South, Range 42 East, City of Miami Beach, Dade
County, Florida lying south of the South Right-of-Way line of Seventeenth Street; lying west of
the West Right-of-Way line of Washington Avenue; lying north of the North Right-of-Way line
of Lincoln Lane; lying east of the East line of Golf Course Subdivision Amended Plat, Plat Book
6 at Page 26 of the Public Records of Dade County, Florida.
AND
That portion of Section 34, Township 53 South, Range 42 East, City of Miami Beach, Dade
County, Florida lying north of the North Right-of-Way line of Lincoln Road; lying east of the
East line of Golf Course Subdivision Amended Plat, Plat Book 6 at Page 26 of the Public
Records of Dade County, Florida; lying west of the West line of Lincoln Road Subdivision A,
Plat Book 34 at Page 66 of the Public Records of Dade County, Florida; lying southerly of the
Northerly Right-of-Way line of Lincoln Lane extended westerly.
LD-6
EXHIBIT E
LINCOLN ROAD
METHOD OF ASSESSMENT BY DISTRICT
For corner wrap-around buildings on Lincoln Road, the first 150 feet of side footage is
assessed at half the respective rate of whichever side street they are located on. Any side
footage in excess of 150 feet is assessed at the normal rate for that side street.
In order to avoid double assessing properties owaed by non-profit entities, they were
assessed in the same manner as other properties within the district, by linear front and side
footage as opposed to the amount of non-profit area within the property.
CAPITAL IMPROVEMENT DISTRICT
ASSESSMENT PER:
Front Foot
Upstairs Area
Residential Area
Uncoln Road
$33.32
$ 0.17
Major Side Streets
(Alton, Collins, Washington)
$24.94 ~
$ 0.17 ____------
$ 0.O8
~Capital Improvement Distric!
Category "A" - Properties with exposure on Lincoln Road.
TOTAL COLLECTIONS: $531,319
Secondary Side Streets
Streets (James,
Drexel,Pennsylvania, Euclid,
Meridian, Jefferson,
Michigan, Lenox __.-------
$17.64
$ 0.17
0.08
Category "B" - Properties with no exposure on Lincoln Road.
TOTAL COLLECTIONS: $ 40,162
TOTAL CATEGORIES A + B ~
CITY OF MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139
OFFICE OF THE CITY MANAGER
COMMISSION MEMORANDUM
TELEPHONE: (~OS) 673-7010
FAX: (~OS) 673-7782
TO:
FROM:
Mayor Seymour Gelber and
Members of the City Commission
Roger M..Carlto~/~/~ {~ /
C~ty Manag-'~ ~ ¥ · ~
DATE:
May 18, 1994
SUBJECT:
A) A RESOLUTION OF THE M~YORAND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, CREATING, SUBJECT TO THE
APPROFAL OF A MAJORITY OF THE AFFECTED PROPERTY OWNERS,
A SPECI]~ ASSESSMENT DISTRICT FOR A PERIOD OF ONE (X)
YEAR, TO BE KNOWNASTHE LINCOLN ROADMAN~GEMENTDISTRICT
NO. L; PROVIDING FORT HE LEVYING OF SPECIAL ASSESSMENTS;
INDICATING THE LOCATION, N~TURE AND ESTIMATED COST OF
THOSE SERVICES WHOSE COSTS ARE TO BE DEFI~AYED IN PART BY
THE SPECIAL ASSESSMENTS; PROVIDING THE PORTION OF THE
ESTIMATED COST OF THE SERVICES TO BE PARTIALLY DEFRAYED
BY THE SPECIAL ASSESSMENTS; PROVIDING THEMANNERINRHICH
SUCH SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN
SUCH SPECIALASSESSMENTS SHALL BE NADE; DESIGMATINGLAND8
UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED;
PROVIDING FOR PUBLICATION OF THIS RESOLUTION; AND
AUTHORIZING RELATED ACTIONS.
B) A RESOLUTION OF THE MAYOR ANDCZTY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, FIXING A TIME ANDPLACE AT
WHZCH THE OWNERS OF PROPERTY SPECIALLY BENEFITTED BY THE
CREATION OF A SPECIAL ASSESSMENT DISTRICT TO BE KNOWN AS
THE LINCOLN ROADMA1TAGEMENTDISTRICT NO. 1, FOR THAT AREA
OF LINCOLN ROAD BOUNDED ON THE WEST BY ALTON COURT,
BOUNDED ON THE EAST BY COLLINS AVENUE, BOUNDED ON THE
SOUTH BY 16TH STREET, AND BOUNDED ON THE NORTH BY 17TH
STREET, ALL WITHIN THE CORPORATE LIMITS OF THE CITY OF
MIAHI BEACH, FLORIDA, OR ANY OTHER PERSONS INTERESTED
THEREIN MAY APPEAR BEFORE THE MAYOR AND CITY COMMISSION
TO BE HEARD AS TO THE PROPRIETYt ADVISABILITYt AND COST
FORT HE PROVISION OF THE PROPOSED SERVICES THEREIN, AS TO
THE MANNER OF PAYMENT THEREFOR AND AS TO THE AMOUNT
THEREOF TO BE ASSESSED AGAINST EACH PROPERTY 80
BENEFITTED~ IN ACCORDANCE WITH CHAPTER 170, FLORIDA
STATUTES.
C) A RESOLUTION OF THE NAYORAND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA~ CREATING A SPECIAL
ASSESSMENT DISTRICT TO BE KNOWN AB THE LINCOLN ROAD
CAPITAL IMPROVEMENTS DISTRICT NO. 1; PROVIDING FOR THE
LEVYING OF SPECIAL ASSESSMENTS; INDICATING THE LOCATION,
NATURE AND ESTIMATED COST OF THOSE IMPROVEMENTS WHOSE
COSTS ARE TO BE DEFRAYED IN PART BY THE SPECIAL
ASSESSMENTS; PROVIDING THE PORTION OFT HE ESTIMATED COST
OF THE IMPROVEMENTS TO BE PARTIALLY DEFRAYED BY THE
SPECIAL ASSESSMENTS; PROVIDING THE MANNER IN WHICH SUCH
SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH
SPECIAL ASSESSMENTS SHALL BE MADE; DESIGNATING LANDSUPON
WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING
FOR PUBLICATION OF THIS RESOLUTION; AND AUTHORIZINGI~
RELATED ACTIONS.
ITEM
D) A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, FIXING A TIME AND PLACE AT
WHICH THE OWNERS OF PROPERTY SPECIALLY BENEFITTED BY THE
CREATION OF A SPECIAL ASSESS~ DISTRICT TO BE KNOWN AS
THE LINCOLN ROAD CAPITAL IMPRO~S DISTRICT NO. 1, FOR
THAT AREA OF LINCOLN ROAD BOUNDED ON THE WEST BY WEST
AVENUE, BOUNDED ON THE EAST BY COLLINS AVENUE, BOUNDED ON
THE SOUTH BY 16TH STREET, AND BOUNDED ON THE NORTH BY
17TH STREET, ALL WITHIN THE CORPORATE LIMITS OF THE CITY
OF MIAMI BEACH, FLORIDA, OR ANY OTHER PERSONS INTERESTED
THEREIN NAY APPEAR BEFORE THE MAYOR AND CITY COMMISSION
TO BE HEARD AS TO THE PROPRIETY, ADVISABILITY, AND COST
OF MAKING THE PROPOSED IMPROVEMENTS THEREIN, AC, AINST EACH
PROPERTY SO IMPROVED, IN ACCORDANCE WITH CHAPTER 170,
FLORIDA STATUTES.
ADMINISTRATION RECOMMENDATION:
It is recommended that the City Commission adopt the above
captioned four Resolutions which establish the two assessment
districts necessary to accomplish the objectives of the Lincoln
Road Task Force and set a time and place for_ a future public
hearing to finalize the special districts.
BACKGROUND:
This item was deferred from the April 20, 1994, City Commission
meeting in order to allow the Task Force more time to work with
'property owners and businesses to finalize the assessment formula.
Since that meeting, numerous meetings have occurred with property
owners, a coordinating council meeting was held on April 28, 1994,
and a City Commission workshop was held on May 3, 1994. At the
City Commission workshop, the Commission was presented with a cost
and funding analysis. The formula, boundaries and length of bond
pay back were discussed and an approximate $100,000 shortfall in
the Management District was identified. After more than two years
of study, debate, and planning, the Lincoln Road Task Force,
representative of all interests in the Lincoln Road area and the
City of Miami Beach, have reached consensus on a revitalization
plan. The purpose of the revitalization efforts is to maintain the
redevelopment momentum and to realize the promise that many
business and property owners are beginning to realize, as well as
to increase the sense of ownership and pride the citizens of Miami
Beach have for "their" Lincoln Road.
Many proposals and attempts to improve Lincoln Road have been
advanced and abandoned. The City Commission has before it a
partnership process that establishes the foundation for continued
growth and realization of benefit both to the City and to the
property and business owners of Lincoln Road, who make up an
important part of the City. In order to make this happen, the
commitment of government and the empowerment of the private sector
is needed to establish two special assessment districts. The
following is an analysis of the process and purpose of the
district.
ANALYSIS:
A) Physical Improvements:
The plan includes physical improvements, both aesthetic
enhancement and infrastructure. Scheduled to be done in two
phases, Phase 1 includes approximately $800,000 of work to be
done between AltOn Road and Washington Avenue. The plan
includes the removal of defunct and/or extraneous signage,
low-level lighting and mismatched fixtures and is in the
process of construction now.
Phase II includes approximately $5.5 million of under-the-
pavement infrastructure replacement which the City of Miami
Beach is providing, including drainage and sewer lines, and
some electrical work. Improvements will occur from West
Avenue to Collins Avenue, and roughly from 17th Street to 16th
Street. Coordinating these needed improvements with the
construction that is planned for the Road will eliminate the
need to dig again in two or three years. An additional $1.5
million will come from City revenue sources to improve the
north-south cross-streets, including new curbs, gutters,
paving, traffic and pedestrian lights, etc. $9.0 million will
pay for the enhancement of the pedestrian environment on
· Lincoln Road and cross streets. Phase i improvements are
included in this amount as well as all new pavement, signage,
pedestrian directories, benches, refurbishing, new fountains,
more street trees and paving for cross street areas, etc.
Money advanced to the Task Force for the planning effort thus
far, including staff, planning and design consultants totaling
approximately $400,000 will be included in this budget.
LINCOLN ROAD CAPITAL IMPROVEMENT COSTS
Infrastructure
$ 5.5 million
Road Work (off mall)
Mall "enhancements"
$ 1.5 million
$ 9.0 million
Total Costs:
Operational Costs:
Annual (1st year only)
$16.0 million
$759,000.00
SoUrce
City - Water, Sewer, Storm
Water Fees
City - Gas Tax
50% City: Resort Tax,Other
50% Property Owners:
Assessment Dist.
66% City: Resort Tax
34% Property Owners:
Assessment Dist.
Phase II improvements are scheduled to be started in April of
1995, and completed within fourteen to eighteen months.
The Lincoln Road Task Force has supported the concept of
property owners paying for $4.5 million or half of the
enhancement portion of the project. The action before the
city Commission today is to consider the formation of a
special assessment district for the purpose of funding these
improvements in accordance with the provisions of Florida
Statutes Chapter 170. The concept is to provide $4.5 million
(plus loan costs) with interest capitalized during
construction with a 17 year amortization at 8% interest,
requiring a debt service of approximately $538,500 annually.
No assessments will be assessed against property owners until
the physical improvements are certified "DONE," which is
expected to be accomplished by November 1995.
After consideration of many methods of assessment, consensus
was reached by the Lincoln Road Task Force on an equitable
formula. The agreed upon assessment formula is a blended one,
charging for linear front footage, linear side footage, and a
rate per square foot for space above ground level. The method
of assessment and dollar amounts assessed per street and
property category are presented in Exhibit "&". The
assessment will be based upon information gathered from Dade
County, as well as field verification done by the engineering
firms of Bermello Ajamil and Partners,.Inc., and Post Buckley
-3-
Sch%~hand Jernigan, Inc. (See attached preliminary assessment
roll Exhibit "B".) Condominium owners included in the
district must be assessed individually. The anticipated
annual cost per unit will be similar to the Ocean Drive
Special Assessment District in which the condominium owners
are assessed based on the percentage of ownership of common
area. That roll is listed separately in the City Clerk's
office and at the Task Force Office. A map and legal
description of the Capital Improvement District is included
as Exhibit C-1.
B)
Management Services
In order to maintain the significant physical improvements
planned for Lincoln Road, and to provide other important
elements for a successful residential, business and cultural
district, a multi-purpose management plan is proposed. The
purpose of the management plan, which will be funded by this
District, is to facilitate property and business owner's
leadership and involvement in the improvement and enhancement
of the Lincoln Road area and most specifically, their own
property and business interests. The management program will
enhance and expand otherwise unavailable services or service
levels, facilities and improvements within the district.
Participation and baseline services provided by the city will
continue.
Upgraded sanitation and garbage collection, sidewalk cleaning,
litter and graffiti control, security, operation of the Tram,
landscape maintenance, a marketing program for the district,
special event management, and other long range planning needs
will be included. The Lincoln Road revitalization plan allows
for these needs to be met and, in essence, determined by the
constituents of the district subject to annual review by the
City Commission.
The cost for these services, including administration, is
estimated to be $759,000 for the first year. The proposed
budget is attached at Exhibit D. The City Attorney's Office
will require approval of the majority of property owners in
the district. This vote must take place prior to the final
reading of the Ordinance. As the district is initiated and
programs are established, the budget will be adjusted and
approved ever~year, so that services may be added or changed
and assessments changed accordingly. Other revenue sources
will include resort tax revenues and eventually table fees
from outdoor dining, revenue from lease of City property and
increased parking revenues. Here again, the City is asked to
be a partner in this district, paying $500,000/year for the
first two years. Future allocations from the City of Miami
Beach will be subject to availability of funds and the overall
City budget process.
The district will be managed by the Lincoln Road Partnership
Inc., the successor organization to the Lincoln Road Task
Force, which will have representatives from all interests that
make up Lincoln Road. An agreement with the organization,
similar to the Ocean Drive Management Agreement, between the
City and the entity, will be prepared. By-laws for the
organization have been drafted and will be available for
review by the time of the second public hearing.
Again, the assessment formula, which will provide $282,854 the
first year, is a blended formula based upon linear front
footage, side footage and a per square foot fee for area above
the ground floor. As indicated previously, the method of
assessment and dollar amounts assessed per street and property
category are presented in Exhibit A. Assessments for these
purposes would be collected later this year. Again, the
assessment to property will be based upon information gathered
-4-
J53
from Dade County, as well as some field verification done by
the engineering firms of Bermello Ajamil, and Post Buckley.
Unlike the Capital Improvements District, the east and west
boundaries for the Management District were amended to only
extend to Alton Court on the east and Collins Avenue on the
West thereby limiting the impact on residential property
owners. A map and legal description of the Management
District is included as Exhibit C-2.
FINANCING:
The 'Lincoln Road Project consists of three components,
infrastructure improvements of approximately $5.5 million,
construction of the road portions north and south of Lincoln Road
at an approximate cost of $1.5 million and the enhancement
improvements 50% of which will be recovered through special
assessments of approximately $9 million. The combined project cost
of $16 million will be financed through a loan from the Sunshine
State Municipal Loan Pool. This Loan Pool is on a variable rate
basis with the rate payable on the loan tied to the tax exempt
thirty day rate. This thirty day rate is currently at
approximately 3.25 percent and the loan will hav~ a final maturity
of twenty years. Anticipated debt service is $1.5 million
annually.
The funds that will be used to repay this loan come from various
sources. The portion attributable to infrastructure improvements
(approximately $500,000 annually) will be repaid from a combination
of water and sewer funds, storm water funds and proceeds of the
gasoline tax. The balance of the project will be financed from the
special assessment and from Resort Tax.
Finally, the City's share of the costs for the
maintenance/management district ($500,000) will come from the
Resort Tax the first two years. Beyond that time frame, the City
share will be generated by revenues from the table tax on Lincoln
Road and increased revenue from other sources on Lincoln Road,
including revenues from the lease of city property and increased
parking revenues.
CONCLUSION:
Lincoln Road is making a dramatic comeback, stimulated by
improvements in the South Beach area, but primarily based on the
anticipation of an improved business environment that is physically
improved and managed well. Owners of Lincoln Road property
recognize this and have proposed a plan to accomplish that vision.
It is fair for the City of Miami Beach to provide basic
infrastructure needs as well as a portion of the aesthetic
enhancements. It is further appropriate for the City to provide
basic operational services. Service enhancements are being funded
by the owners and their tenants similar to Ocean Drive. This
innovative approach will ensure that this Lincoln Road effort
creates long-term success.
The City Commission should adopt the attached Resolutions on first
reading after the public hearing.
RMC:jph
Attachments
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