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2012-27961 Reso i RESOLUTION NO ! 2012 -27961 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT SETTING 1) THE PROPOSED GENERAL. OPERATING MILLAGE RATE FOR THE NORMANDY SHORES NEIGHBORHOOD IMPROVEMENT DISTRICT; 2) THE CALCULATED ROLLED -BACK RATE; AND, 3) THE DATE, TIME AND PLACE OF THE FIRST PUBLIC HEARING TO CONSIDER THE OPERATING MILLAGE RATE AND BUDGET FOR ; FISCAL YEAR (FY) 2012/13; FURTHER AUTHORIZING THE CITY MANAGER TO TRANSMIT THIS INFORMATION` TO THE MIAMI -DADE COUNTY PROPERTY APPRAISER IN THE FORM REQUIRED BY SECTION 200.065, FLORIDA STATUTES. WHEREAS, Section 200.065, Florida Statutes, has specified the method by which municipalities may fix the operating millage rate and adopt an annual budget for dependent taxing districts; and WHEREAS, the Mayor and City Commission of the City of Miami Beach, acting as the Board of .Directors of the Normandy Shores Local Government Neighborhood .Improvement, District propose that the District's General Operating Millage Rate be set at. 1. 1478 mills and that the Rolled -Back Rate be set at 1.0063 mills; and WHEREAS, the City of Miami Beach is required to advise the Miami- -Dade County Property Appraiser of the Proposed Normandy Shores Neighborhood Improvement District Operating Millage Rate, the Rolled -Back Rate, and the date, time, and place of the first public hearing. f NOW THEREFORE, BE IT DULY RESOLVED BY THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT, that the following recommendations of the Ad' ministration be and are hereby ratified for transmittal to the Miami -Dade County Property Appraiser, as specified in Section 200.065, Florida Statutes: i 1) Proposed Normandy Shores Local Government Neighborhood Improvement District Operating Millage Rate for FY 2012/13 General Operating 1.1478 mills 2) `Rolled -Back Rate" 1.0063 mills 3) The first public hearing on the proposed Normandy Shores Local Government Neighborhood Improvement District operating miliage rate and tentative budget for FY 2012/13 shall be held on Wednesday, September 12, 2012 at 5 °02. p.m., in the City Commission Chambers, City Hall, 1700 Convention Center Drive, Miami Beach, Florida. PASSED and ADOPTED this 18th day,of July, 2012 ATTEST: AYO CITY CLERK \ �....BF INCORP ORATED: �I,4C 1. I APPROVED AS TO E FORM & LANGUAGE & FO CUTION , a ity ttome * Date . I j I Condensed Title: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT SETTING 1) THE PROPOSED GENERAL OPERATING MILLAGE RATE FOR THE NORMANDY SHORES NEIGHBORHOOD IMPROVEMENT DISTRICT; 2) THE CALCULATED ROLLED -BACK RATE; AND, 3) THE DATE, TIME AND PLACE OF THE FIRST PUBLIC HEARING TO CONSIDER THE OPERATING MILLAGE RATE AND BUDGET FOR FISCAL YEAR (FY) 2012/13; FURTHER AUTHORIZING THE CITY MANAGER TO TRANSMIT THIS INFORMATION TO THE MIAMI -DADE COUNTY PROPERTY APPRAISER IN THE FORM REQUIRED BY SECTION 200.065, FLORIDA STATUTES Key Intended Outcome Supported: Increase visibility of police; Maintain crime rates at or below national trends I Supporting Data (Surveys, Environmental Scan, etc.): In the 2009 Community Survey, both residents and businesses reported the following areas,,for the City to address in an effort to improve public safety: • Preventing crime (Residents: 44.9 %, Business: 43.9 %) Issue: Shall the Mayor and City Commission, acting in its capacity as the Board of Directors for the Normandy Shores Local Government Neighborhood Improvement District, adopt, the attached resolution which sets the Proposed General Operating Millage Rate; the Calculated Rolled -Back Rate; and sets the date, time and place for the first public hearing? Item Summa /Recommendation: The proposed ad valorem millage recommended by the Administration is 1.1478 mills to provide the " current level of security required by this district. The rolled -back rate is the millage rate required to produce the same level of property tax revenue on FY 2012/13 as anticipated to be collected in FY 2011/12 based on adjusted values as of July 1, 2012. The rolled -back rate is calculated as 1.0063 or 0.0872 mills less than,the millage rate of 1.0935 adopted for FY 2011/12. The increase in the "FY 2012/13 proposed millage rate is due to the maintenance of homeowner - requested cameras and security gates, the estimated impact of the living wage ordinance on the security contract expenses, and Property Management charges primarily due to personnel cost increases. The required millage without the homeowner- requested additional security and the living wage increase is 1.0588 (0.0347 mills below the FY 2011112 rate). The FY 2012/13 proposed millage rate is above the maximum millage rate of 1.0513 allowed to be ado' ted by a majority vote, and will therefore require a 5/7 vote. . Advisory Recommendation: Financial Information: Source of s 3 Amount Account s u Funds: z4 OBPI Total Financial Impact Summary: The increase of 0.0543 mills from the prior year millage represents an annual increase of $15.50 to the City average 2012 homesteaded property of $285,517 taxable value (estimate; based on Ad' Valorem Assessment Roll as of January, 2011), for a total of approximately $327 per year ($27 per month). This tax levy will generate proceeds of $129,000. The total operating expenditures to provide the current service level to this district is $188,000 for FY 2012/13. The City of Miami Beach General Fund is required to provide 35% of the total operating expenditures ($65,800), and the City has funded the 35% for each of the nineteen years since the District was established. The amount provided by the General Fund for this purpose in FY 2011/12 was $58,406. City Clerk's Office Legislative Tracking: Sign-Offs: Department Director Assistant City,Manager City anager , M I A /`\/ A"IBEACH . AGENDA ITEM— R 7 C DATE . r - i MIAMI BEACH Mayor Matti Herrera Bower and Members.of the City Commission Kathie G Brooks, Interim City Manager July 18, 2012 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT SETTING 1) THE PROPOSED GENERAL OPERATING MILLAGE RATE FOR THE NORMANDY SHORES NEIGHBORHOOD IMPROVEMENT DISTRICT; 2) THE CALCULATED ROLLED -BACK RATE; AND, 3) THE DATE', TIME AND PLACE OF. THE FIRST..PUBLIC HEARING TO CONSIDER THE. OPERATING MILLAGE RATE AND BUDGET FOR FISCAL YEAR (FY) 2012/13; FURTHER AUTHORIZING THE CITY MANAGER TO TRANSMIT THIS INFORMATION TO THE . MIAMI -DADE COUNTY PROPERTY APPRAISER IN THE FORM REQUIRED BY SECTION 200.065, FLORIDA STATUTES r ADMINISTRATION RECOMMENDATION The Administration recommends that the Mayor and City Commission, acting in its capacity as the Board of Directors for the Normandy Shores Local Government Neighborhood Improvement District, adopt the attached resolution which authorizes the City Manager to transmit the following information to the Miami -Dade County Property Appraiser - 1 } Proposed Operating Millage Rate of the Normandy Shores Neighborhood Improvement District for FY 2012/13: General Operating 1.1478 mills (1.0935) last year 2) "Rolled- Back" Rate (Truth In Millage) 1.0063 mills I 3) The first public hearing to consider the proposed Normandy Shores Neighborhood Improvement. District operating millage rate and tentative budget for FY 2012/13 shall be held on Wednesday, September 12, 2012 at. 5:02 P.M., in the City Commission Chambers, City Hall, 1700 Convention Center Drive, Miami Beach, Florida. • t 'r FY 2012/13 Normandy Shores Proposed Millage Rate July 18, 2012 .Page 2 of 4 BACKGROUND The Normandy Shores Local Government Neighborhood Improvement District,a dependent taxing district of its principal, the City of Miami Beach, was established in 1994 to provide continual .24 -hour security to this gated community; FY 2012/13 represents its nineteenth year of operation. It was established by Ordinance 93 -2881; and has the authority "to levy an ad- valorem tax on real and personal property of up to two mills, provided that no parcel of property will be assessed more than $500 annually for such improvements ". During FY 1998/99 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 gate guard. This cost will eventually be funded from the golf course operation of the Normandy Shores Golf Course. It was further agreed that the City would continue to supplement the District at current levels until both issues were resolved. On August 29, 2002, the Administration met with the Normandy Shores Local Government Neighborhood Improvement District representatives and agreed to eliminate the $500 cap on the highest valued home in the District. The enabling legislation was adopted by the Commission on September 25, 2002. This ensures that the City's contribution from the General Fund remains at 35% of the operating budget of the District. Statutory Requirement FS 200.065, entitled "Method of Fixing Millage" establishes specific guidelines'that must be used by all local government entities, including dependent taxing districts like Normandy Shores in setting its millage (property tax) rates. Not unlike its principal taxing authority (City of Miami Beach), No Shores is also required to transmit within 35 days from receipt of the Certification of Taxable Value (received July 1, 2012), to the Miami -Dade County Property Appraiser, a proposed operating millage rate, the calculated rolled -back rate and the date, time, and place of the first public hearing to consider the proposed operating millage rate and tentative budget for FY 2012/13 i After setting the proposed operating millage rate for Normandy Shores, the City Commission may at any time prior to the final adoption, lower the millage rate; however any increase above the proposed millage rate of 1.1478, if adopted, would require an expensive mailing and advertising process to each property owner of Normandy Shores. Therefore, this proposed millage rate is viewed as the ceiling. The rolled -back rate is the millage rate required to produce the same level of property tax revenue on FY 2012/13 as collected in FY 2011/12. The rate is calculated as 1.0063, or 0.1415 mills less than the millage rate adopted for FY 2011/12. It is important to note that the January 1, 2011 tax roll for Normandy Shores declined by almost $730,000 (0.7 %) between the July 1, 2011 valuation and the July 1, 2012 valuation due to appeals, adjustments, etc., which resulted in the FY 2011/12 "roll -back rate" being slightly lower than the FY 2011/12 current millage rate if just adjusted for the increase in. revenues above the FY 2011 /12. Further, pursuant to State Statute, the City may elect to approve millage rates above the f f FY 2012/13 Normandy Shores Proposed Millage Rate July 18, 2012 - Page 3 of 4 4 roll -back rate up to the constitutional cap of 10 mills subject to' the following ;votes by the Commission or referendum: - • Option I: . A majority of the approval of the Commission Millage is required Ito approve a millage up to 1.0513 (equivalent to a 0.55% increase in Property Tax revenues). The 0.55% increase is the state per capita personal income gain for the prior calendar year. • Option II: A two- thirds approval (5 of 7 votes) of the Commission is required to approve a millage up to .1.1'564 (equivalent to a 10% increase in Property Tax revenues above Option 1). • Option III: A unanimous approval of the Commission or referendum is required to approve a millage above 1.1564 mills The proposed rate of 1.1478 requires therefore a two- thirds approval (5 of 7'votes) of the Commission. ANALYSIS On July 1, 2012, the City received the 2011 Certification of Taxable Value from the Property Appraiser's Office stating that the taxable value for Normandy Shores is $112,393,414, which includes a reduction of $283,196 to new construction, renovation, etc. The preliminary value represents an increase of $7,981,561 from the July 1, 2011 Certification of taxable Value of $104,411,853 (7.6 percent) and an increase of 8.4 percent over 2011's July 2012 value of $103,688,864. Operating Millage and Budget j The proposed ad valorem millage recommended by the .Administration is 1.1478 mills to provide the current level of security, required by this district. This tax levy will generate proceeds of $129,000. The increase of 0.0543 mills from the prior year millage represents an annual increase of $15.50 to the City average 2012 homesteaded property of $285,5,17 taxable value (estimate based on Ad Valorem Assessment Roll as of January, ,2011), a total of approximately $327 per year ($27 per month). i The total operating expenditures to provide the current service level to this district is $188,000 for FY 2012/13. The City of Miami Beach General Fund is required to provide 35% of the total operating expenditures ($65,800), and the City has funded the 35% for each of the nineteen years since the District was established. The amount provided by the General Fund for this purpose in FY 2011/12 was $58,406. The $188,000 in FY 2012/13 represents a $21,125 increase (12.6 %) from the FY 2011/12 budget of $166,875, due to maintenance of homeowner - requested cameras and security gates, the estimated impact of the living wage ordinance on the security contract expenses, and Property Management charges primarily due to personnel increases. For the Normandy Shores taxing District; the value for each mill ($1.00 of ad valorem tax for each $1,000 of property value) is determined by the 2012 Certification of Taxable Value and has been set at $112,393: Florida Statutes permit a discount of up to five percent for early payment. discounts, delinquencies, etc. Therefore, the 95 percent value of the mill is $106,773. Accordingly, 1.1478 mills are required to generate $129,000 in property tax 1 FY 2012/13 Normandy Shores Proposed Millage Rate l July 18, 2012 Page4of4 i revenues by the district. The required millage without the homeowner- requested additional security and the living wage increase is 1.0588 (0.0347 mills below the FY 2011,/12 rate). First .Public Hearing The first public hearing on the proposed operating millage rate and tentative budget for FY 2012/13 must be held no later than 80 days (September 18th) or earlier than 65 days (September 3rd) from the start of the TRIM calendar (July 1 st). Other guidelines are: 1) The public hearing cannot be scheduled. on a Sunday or on those days utilized by Miami -Dade County or the Miami -Dade County School Board for their public hearing; 2) If on a day other -than Saturday, it must be held after 5:00 P.M.; and 3) must be held immediately following discussion of the tentative millage and budget of its principal taxing authority (City of Miami Beach). Based on these guidelines, the first hearing must be held between September 3rd and September 18th. These dates - are unavailable for the following reasons: September 9 and 16 Sundays September 6 and 20 Proposed dates for Miami -Dade County Public Hearing September 5 Miami -Dade County School Board Public Hearing Of the remaining days, it is recommended that the first public hearing be set for' Wednesday, September 12, 2012 at 5:02 P.M., in the City Commission Chambers, City Hall, 1700 Convention Center Drive, immediately following the City of Miami Beach's public hearing. JMG:KB:JC i I