608-2014 RDA Reso RESOLUTION NO. 608-2014
A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF
THE MIAMI BEACH REDEVELOPMENT AGENCY ADOPTING AND
APPROPRIATING THE OPERATING BUDGET FOR THE CITY
CENTER REDEVELOPMENT AREA,THE ANCHOR SHOPS AND
PARKING GARAGE,AND THE PENNSYLVANIA AVENUE SHOPS
AND PARKING GARAGE FOR FISCAL YEAR 2014/15.
WHEREAS, the proposed City Center Redevelopment Area Budget has been prepared to
coincide with the overall City budget process; and
WHEREAS, the proposed City Center Redevelopment Area Budget reflects anticipated
construction project costs in addition to operating and debt service costs for Fiscal Year 2014/2015;
and
WHEREAS, the proposed budgets for the Anchor Shops and Parking Garage and the
Pennsylvania Avenue Shops and Garage have been included as separate schedules to the City
Center Redevelopment Area Budget, reflecting projected revenues and operating expenses for the
fiscal year; and
WHEREAS, the Executive Director of the Miami Beach Redevelopment Agency
recommends approval of the proposed Fiscal Year 2014/15 budgets for the City Center
Redevelopment Area, as well as for the Anchor Shops and Parking Garage and the Pennsylvania
Avenue Shops and Parking Garage; and
WHEREAS,on September 30,2014,the City Commission passed and adopted Resolution
No. 604-2014 which adopted and appropriated the Operating Budget for the City Center
Redevelopment Area,the Anchor Shops and Parking Garage,and the Pennsylvania Avenue Shops
and Parking Garage for FY 2014/15; and
WHEREAS, on November 17, 2014, the City of Miami Beach received the Florida
Department of Revenue's (DOR) notice-that the City of Miami Beach was not in compliance with
Truth-in-Millage(TRIM)law due to an error in the Budget Summary advertisement published in the
Miami Herald on September 25, 2014; and
WHEREAS,a special City Commission meeting to hold the new final hearing as provided in
DOR's notice has been scheduled for December 2, 2014 and has been duly advertised; and
NOW,THEREFORE, BE IT DULY RESOLVED BY THE CHAIRPERSON AND MEMBERS
OF THE MIAMI BEACH REDEVELOPMENT AGENCY,that the Chairperson and Members hereby
adopt and appropriate the operating budget for the City Center Redevelopment Area, the Anchor
Shops and Parking Garage, and the Pennsylvania Avenue Shops and Garage for Fiscal Year
2014/15, as follows:
City Center Redevelopment Area $38,519,000
Anchor Garage Parking Operations $5,491,000
Anchor Garage Retail Operations $904,000
Pennsylvania Avenue Garage Parking Operations $1,041,000
Pennsylvania Avenue Garage Retail Operations $640,000
PASSED AND ADOPTED this 2nd day of December, 2014.
Philip Le,;rye Wperson
ATTEST:
Rafael E. Granado, Secretary
APPROVED AS TO
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Miami Beach Redevelopment Agency
City Center Redevelopment Area
Proposed FY 2014/15 Operating Budget
Budgeted
FY11/12 FY 2012113 FY 2013/14 FY 2014115 Variance
Actual Actual Adopted Proposed From FY 13114
Revenues and Other Sources of Income
Tax Increment-City $ 18,337,693 $ 19,188,399 $ 19,934,000 $ 21,435,000 $ 1,501,000
Proj Adjustment to City Increment (1,756,457) (1,870,542) (94,000) (1,225,000) (1,131,000)
Tax Increment-County 14,291,236 14,817,619 15,992,000 17,400,000 1,408,000
Proj Adjustment to County Increment (1,367,157) (1,633,395) (74,000) (1,066,000) (992,000)
50%Contribution from Resort Tax 4,925,168 5,546,756 5,386,000 - (5,386,000)
1/2 Mill Children's Trust Contribution 1,481,004 1,570,405 1,831,000 1,850,000 19,000
Interest Income 8,278 27,925 25,000 25,000 -
Fund Balance Reallocation:(Non-TIF) - - - - -
Fund Balance Renewal and Replacement - - - - -
Other Income/Adjustments: 5,196 999,791 - 100,000 100,000
TOTAL REVENUES $ 35,924,961 $ 38,646,958 $ 43,000,000 $ 38,519,000 $ (4,481,000)
Admin/Operating Expenses
Management fee(salaries&benefits) $ 952,889 $ 976,000 $ 1,043,000 $ 972,000 $ (71,000)
Salaries and Benefits $59,601 46,614 155,000 - (155,000)
Advertising&promotion - - 50,000 50,000 -
Postage&mailing - - 3,000 1,000 (2,000)
Office supplies&equipment 2,269 1,563 4,000 2,000 (2,000)
Other Operating 753 1,000 1,000 -
Meetings&conferences - - 1,000 1,000 -
Dues&subscriptions 795 200 2,000 2,000 -
Licences&Taxes 128,729 - 60,000 60,000
Audit fees 20,260 20,500 21,000 23,000 2,000
Professional&related fees 175,373 529,447 629,000 213,000 (416,000)
Repairs and Maintenance 31,489 32,487 25,000 25,000 -
Intemal Services 33,938 108,143 27,000 53,000 26,000
Total Admin/Operating Expenses $ 1,276,614 $ 1,844,435 $ 1,961,000 $ 1,403,000 $ (558,000)
Project Expenses
Community Policing 168-1124 $ 3,411,726 $ 3,702,342 $ 4,195,000 $ 4,522,000 $ 327,000
Capital Projects Maintenance: - -
Code: 168-9963 - - - 174,000 174,000
Property Mgmt:168-9964 1,013,473 1,061,027 1,176,000 1,392,000 216,000
Sanitation:168-9965 2,560,468 2,536,108 3,020,000 3,061,000 41,000
Greenspace: 168-9966 506,242 556,555 832,000 896,000 64,000
Parks Maintenance:168-0945 274,000 274,000
NWS Project/Lincoln Park Complex Contingency - - - - -
NWS Project-Grant-in-Aid - - - - -
Transfer to Penn Garage Parking 48,801 225,055 305,000 - (305,000)
Transfer to Penn Garage Retail 347,112 - - - -
Transfer to Renewal and Replacement - 705,000 67,000 - (67,000)
Transfer to Capital Projects 13,541,301 14,238,000 18,443,000 - (18,443,000)
Total Project Expenses $ 21,429,123 $ 23,024,087 $ 28,038,000 $ 10,319,000 $ (17,719,000)
Reserves,Debt Service and Other Obligations
Debt Service Cost-2005+Parity Bonds $ 8,548,105 $ 8,524,081 $ 8,550,000 $ 8,432,000 $ (118,000)
City Debt Service-Lincoln Rd Project 1,103,366 785,000 825,000 832,000 7,000
City Debt Service-Bass Museum 502,746 503,000 547,000 548,000 1,000
Reserve for County Admin Fee 193,861 197,718 239,000 245,000 6,000
Reserve for CMB Contribution 248,719 260,774 283,000 303,000 20,000
Reserve for Children's Trust Contribution 1,481,004 1,570,405 1,831,000 1,850,000 19,000
Reserve-Prior Year Fund Balance/Future Capital Project: 1,451,823 - - - -
Repayment-Prior Yr Fund Balance - - 342,000 - (342,000)
Reserve Capital Projects/Debt Service/Contingency 384,000 14,587,000 14,203,000
Total Reserves,Debt Service and Other Obligations $ 13,529,624 $ 11,840,978 $ 13,001,000 $ 26,797,000 $ 13,796,000
TOTAL EXPENSES AND OBLIGATIONS $ 36,235,361 $ 36,709,500 $ 43,000,000 $ 38,519,000 $ (4,481,000)
REVENUES-EXPENSES $ (310,400) $ 1,937,458 $ - $ - $ -
15-City Center RDA Final after Non-Compliance-Updated for Ad.xlsx 11/24/2014
Proposed FY 2014/15 Anchor Shops and Parking Garage Operating Budget
FY11/12 FY 2012113 FY 2013114 FY 2014115 Variance
i
Revenues: Actual Actual Adopted Proposed From FY 13/14
Parking Operations $ 3,079,821 $ 3,365,518 $ 3,130,000 $ 3,518,000 $ 388,000
Parking Fund Balance - - 1,973,000 1,973,000
Retail Leasing 615,016 766,105 847,000 876,000 29,000
Interest Pooled Cash 13,897 33,480 18,000 28,000 10,000
TOTAL REVENUES $ 3,708,734 $ 4,165,103 $ 3,995,000 $ 6,395,000 $ 2,400,000
Operating Expenses:
Parking Operations $ 1,264,875 $ 2,062,965 $ 1,627,000 $ 1,689,000 $ 62,000
Garage Use Fee(To Loews) 440,241 570,038 507,000 591,000 84,000
Garage Repairs and Maintenance - 106,281 37,000 128,000 91,000
Garage Depreciation - - 451,000 470,000 19,000
Retail Leasing Property Management Fee&Operating 62,619 52,109 - 32,000 32,000
Retail Leasing Repair&Maintenance 32,000 25,000 (7,000)
Retail Internal Service Charges 66,109 35,232 19,000 19,000 -
Retail Operations Depreciation 55,396 55,396 55,000 55,000 -
Parking Operations Admin Fee to GF 196,740 223,000 224,000 224,000 -
Retail Leasing Admin Fee to GF - 14,000 10,000 10,000 -
Transfer to Renewal and Replacement - 220,000 650,000 430,000
Transfer to Capital Projects/RDA Garages - 2,407,000 2,407,000
Reserve for Future Capital-Parking Operations 223,962 - 72,000 - (72,000)
Reserve for Future Capital-Retail Operations - - 741,000 95,000 (646,000)
TOTAL EXPENSES $ 2,309,942 $ 3,133,021 $ 3,995,000 $ 6,395,000 $ 2,400,000
REVENUES-EXPENSES $ 1,398,792 $ 1,032,082 $ - $ - $ -
Proposed FY 2014/15 Pennsylvania Ave Shops and Garage Operating Budget
FY11112 FY 2012/13 FY 2013114 FY 2014115 Variance
Revenues: Actual Actual Adopted Proposed From FY 13114
Parking Operations $ 618,961 $ 702,181 $ 656,000 $ 703,000 $ 47,000
Retail Leasing 147,123 371,640 550,000 640,000 90,000
Retail Transfer from RDA Operations 347,112 - - - -
Parking Transfer from RDA Operations 346,000 225,055 305,000 338,000 33,000
Interest Pooled Cash 492 1,206 - - -
TOTAL REVENUES $ 1,459,688 $ 1,300,082 $ 1,511,000 $ 1,681,000 $ 170,000
Operating Expenses:
Parking Operations Expenditures $ 723,029 $ 729,260 $ 822,000 $ 896,000 $ 74,000
Parking Admin/Base Fee 45,368 45,368 56,000 57,000 1,000
Garage Ground Lease 23,552 22,731 23,000 23,000 -
Parking Base Rent 23,552 22,731 23,000 23,000 -
Addt'I/Percentage Rent - - - - -
Garage Management Fee 47,604 53,302 60,000 65,000 5,000
Retail Additional Base Rent 15,592 2,970 136,000 229,000 93,000
Retail base Rent 276,448 277,269 229,000 205,000 (24,000)
Retail Admin Fee 11,137 - - -
Depreciation 11,851 11,851 - - -
Leasing Commissions&Operating 303,400 - - - -
Admin Fee(GF) 3,864 52,418 51,000 59,000 8,000
Retail Contingency - - 134,000 147,000 13,000
TOTAL EXPENSES $ 1,461,845 $ 1,183,318 $ 1,511,000 $ 1,681,000 $ 170,000
REVENUES-EXPENSES $ (2,157) $ 116,764 $ - $ - $ -
15-City Center RDA Final after Non-Compliance-Updated for Ad.xlsx 11/24/2014
MIAMI BEACH REDEVELOPMENT AGENCY ITEM SUMMARY
Condensed Title:
A Resolution of the Chairperson and Members of the Miami Beach Redevelopment Agency adopting and appropriating
the operating budgets for the City Center Redevelopment Area, the Anchor Shops and Parking Garage and the
Pennsylvania Avenue Shops and Garage for Fiscal Year 2014/15.
Key Intended Outcome Supported:
Enhance Beauty and Vibrancy of Urban And Residential Neighborhoods; Focusing on Cleanliness, Historic
Assets, In Select Neighborhoods And Redevelopment Areas.
Supporting Data(Surveys, Environmental Scan,etc.): One out of ten residents(10%)feels the best way to
improve the overall quality of life in Miami Beach is to increase City beautification and cleanliness.
Item Summa /Recommendation:
The proposed budget for the City Center Redevelopment Area for Fiscal Year 2014/15 has been prepared to coincide
with the overall City budget process, and is being presented to assist in providing a comprehensive overview of the
district. Additionally, the revenues and expenses associated with the operations of the Anchor Shops and Parking
Garage as well as the Pennsylvania Avenue Shops and Parking Garage are presented as separate schedules so as to
eliminate any perception that proceeds from the Facility's operations are pooled with TIF and other Trust Fund
revenues.
Based on the 2014 Certification of Taxable Value from the Property Appraiser's Office,the preliminary value of property
in City Center is$4,186,683,074,an increase of 8.1%over 2013. However,as in previous years,the City has received
correspondence from the County,advising of the finalization of the tax roll for the prior year,which in the case of FY
2012/13, reflects a decrease from the preliminary valuation for the same year and will result in a corresponding
adjustment/reduction in TIF revenues totaling$2,291,000 for 2014/15,versus$168,000 for 2013/14 and$3.5 million for
2012/13. Additional sources of revenue include a '/ mill levy in the amount of$1.8 million, to be set aside for the
Children's Trust pursuant to an Interlocal Agreement, dated August 16, 2004 between the RDA, the City of Miami
Beach and Miami-Dade County;an estimated$25,000 in interest income;and an estimated$100,000 in other revenue.
The total proposed FY 2014/15 City Center Redevelopment Area Budget is$38,519,000.
In order to address the existing and future obligations of the Redevelopment Area, it is recommended that the
Redevelopment Agency adopt the attached Resolution which establishes the operating budgets for the City Center
Redevelopment Area,the Anchor Shops and Parking Garage and the Pennsylvania Avenue Shops and Garage for FY
2014/15.
This item was originally adopted on September 30, 2014. On November 17,2014,the Florida Department of Revenue
(DOR)officially notified the City of Miami Beach that we are not in compliance with Truth-in-Millage(TRIM)law due to
an error in the Budget Summary advertisement posted in the Miami Herald on September 25, 2014. Per DOR's
requirements,this item will re-adopt and re-appropriate the operating budgets for the City Center Redevelopment Area,
the Anchor Shops and Parking Garage and the Pennsylvania Avenue Shops and Garage for Fiscal Year 2014115.
Advisory Board Recommendation:
N.A.
Financial Information:
Source of Amount Account
Funds: 1 $38,519,000 City Center Redevelopment Area Fund
2 $ 6,395,000 Anchor Shops and Parking Garage Operations
3 $ 1,681,000 Pennsylvania Avenue Shops and Garage Operations
OBPI Total $46,595,000
Financial Impact Summary:
City Clerk's Office Legislative Tracking:
Max Sklar, Georgette Daniels and John Woodruff
Sign-Offs:
RDA Budget Assistant Executive
Coordinator Director Direct DA irector RDA
MAS J KGB JLM
TAAGENDA\2014\December\RD Bud 014_ M(12-02-14).doc
AGENDA ITEM
ROF MIAMI BEACH DATE
Z-
MIAMI BEACH
City of Miami Beach, 1700 Convention Center Drive,Miami Beach,Florida 33139,www.miamibeachfl.gov
REDEVELOPMENT AGENCY MEMORANDUM
TO: Chairperson and Members of the Miami each Red velopment Agency
FROM: Jimmy L. Morales, Executive Director
DATE: December 2, 2014
SUBJECT: A RESOLUTION OF THE CHAIRPERS N AND MEMBERS OF THE MIAMI BEACH
REDEVELOPMENT AGENCY, ADOPTI G AND APPROPRIATING THE OPERATING
BUDGETS FOR THE CITY CENTER REDEVELOPMENT AREA THE ANCHOR SHOPS
AND PARKING GARAGE AND THE PENNSYLVANIAAVENUE SHOPS AND GARAGE
FOR FISCAL YEAR 2014/15.
TRIM COMPLIANCE
This item was originally adopted on September 30, 2014. On November 17, 2014, the Florida
Department of Revenue (DOR) officially notified the City of Miami Beach that we are not in
compliance with Truth-in-Millage(TRIM)law due to an error in the Budget Summary advertisement
posted in the Miami Herald on September 25,2014. Per DOR's requirements,this item will re-adopt
and re-appropriate the operating budgets for the City Center Redevelopment Area, the Anchor
Shops and Parking Garage and the Pennsylvania Avenue Shops and Garage for Fiscal Year
2014/15.
ADMINISTRATION RECOMMENDATION
Adopt the Resolution.
ANALYSIS
The proposed budget for the City Center Redevelopment Area for Fiscal Year 2014/15 has been
prepared to coincide with the overall City budget process, and is being presented to assist in
providing a comprehensive overview of the district. Additionally, the revenues and expenses
associated with the operations of the Anchor Shops and Parking Garage as well as the
Pennsylvania Avenue Shops and Parking Garage are presented as separate schedules so as to
eliminate any perception that proceeds from the Facility's operations are pooled with TIF and other
Trust Fund revenues
City Center Redevelopment Area
Revenues
Based on the 2014 Certification .of Taxable Value from the Property Appraiser's Office, the
preliminary value of property in City Center is $4,186,683,074 an increase of 8.1% over 2013,
marking the fourth year in a row values have increased following two years of decline. However,as
December 2, 2014
Redevelopment Agency Memorandum
Operating Budget for City Center for FY 2014115
Page 2 of 4
in previous years,the City has received correspondence from the County,advising of the finalization
of the tax roll for the prior year, which in the case of FY 2012/13, reflects a decrease from the
preliminary valuation for the same year and will result in a corresponding adjustment/reduction in TIF
revenues totaling $2,291,000 for 2014/15, versus $168,000 for 2013/14 and $3.5 million for
2012/13.
Additional sources of revenue include a'/2 mill levy in the amount of$1.8 million,to be set aside for
the Children's Trust pursuant to an Interlocal Agreement,dated August 16,2004 between the RDA,
the City of Miami Beach and Miami-Dade County;an estimated $25,000 in interest income;and an
estimated $100,000 in other revenue.
Expenditures
Project-related expenses account for approximately$10.3 million,which includes$4.5 million to be
allocated for community policing initiatives in the City Center to continue providing enhanced levels
of staffing and services throughout the area, and $5.8 million for maintenance of RDA capital
projects.
Administrative Expenses total $1,403,000 comprising a management fee of $972,000 which is
allocated to the General Fund to pay for direct and indirect staff support for the RDA; $406,000 for
actual operating expenses; and $25,000 for capital renewal and replacement projects under
$25,000. It should be noted that the Management Fee allocation is reflective of actual city resources
applied to the operation of the RDA, as supported by the RSM McGladrey Cost Allocation Study,
dated July 20,2009. It should further be noted that Administrative and Operating expenses account
for less than four percent(3.7%) of the total budget, which is well below the 20% threshold level
established (and permitted) in the Interlocal Agreement between the City and the County.
The current combined debt service on the 2005 Series Bonds and the Parity Bonds accounts for
approximately$8.5 million annually.City Center also continues assuming debt service payments on
the portion of the Gulf Breeze Loan used to pay for the Bass Museum expansion and renovation,
and the portion of the Sunshine State Loan Program used for Lincoln Road improvements, which
collectively account for approximately$1.3 million.
Reserve line item expenditures include those items that, pursuant to the existing Bond Covenants,
may only be expended once the annual debt service obligations have been met.These include the
County's administrative fees, equivalent to 1.5% of its respective TIF payment; and the
corresponding contribution to the City's General Fund, equivalent to 1.5%of the City's share of its
TIF payment; and the remittance of the '/2 mill tax levy back to the Children's Trust.
In addition, the proposed budget includes $14,587,000 in funding towards the new debt service
anticipated for the remaining projects in the City Center Capital Plan,as well as for$274.3 million in
debt for the Convention Center Expansion and Renovation Project, consistent with the terms being
negotiated with Miami-Dade County. The authorizing documents for the additional debt will be
presented at a later date once the debt structure has been finalized and negotiations with Miami-
Dade County concluded.
December 2, 2014
Redevelopment Agency Memorandum
Operating Budget for City Center for FY 2014115
Page 3 of 4
The remaining projects in the City Center Capital Plan include:
Bass Museum Interior Space Expansion $3,750,000
Convention Center Lincoln Rd Connectors & 17th St
N. Improvement Penn Ave to Wash $12,000,000
Lincoln Rd /Washington Ave to Lenox Ave $20,000,000
The revenues and expenses associated with operations of the City Center Redevelopment Area and
the Anchor and Pennsylvania Shops and Garages are presented as separate schedules in order to
eliminate any perception that proceeds from the facilities'operations are pooled with TIF and other
Trust Fund revenues:
Anchor Shops and Parking Garage
Garage revenues at the Anchor Garage are projected at approximately$5.4 million,with operating
expenses,(including depreciation, contractual revenue-sharing obligations with Loews and general
fund administrative fees) of approximately $3 million, and an allocation of $2,069,000 for
construction on the Collins Park Garage. The Anchor retail operations is expected to generate
$886,000 in revenues, including interest, with operating expenses and depreciation totaling
$141,000, renewal & replacement projects totaling $650,000, as well as projected reserves of
$95,000.Additionally, $338,000 in transfers to the Pennsylvania Avenue Garage/Retail is budgeted
to offset the RDA's estimated costs associated with the retail and parking operations.
Pennsylvania Avenue Shops and Garage
In consideration of the fact that the Pennsylvania Avenue Shops and Garage was built by the RDA
the operation of the facility has been structured in the form of a round
on City owned property, p ty g
lease between the City and the RDA, providing terms for both the Garage and Retail operations.
The garage operations include base rent and an administrative fee, consistent with that of the
Anchor Garage, Parking's operational fee,and revenue sharing between the City and the RDA.The
Retail operations also include base rent and an administrative fee, as well as a retail lease rate
based on 2010 retail market cap rates.The retail operations also include revenue sharing between
the City and the RDA.
Based on estimates of the garage's current-year operating results,and taking into consideration the
successful execution of a lease agreement with Penn 17, LLC,for the entire retail space,the facility
is anticipated to generate $1,343,000 in revenues in FY 2014/15, comprising $703,000 in parking
revenues and$640,000 in retail income. However,since the facility is still anticipated to operate at a
loss during FY 2014/15,the Anchor Garage/Retail will subsidize its operations through a transfer of
$338,000 to the parking operations. Expenses for the facility are budgeted at $1.6 Million,
comprising $1,041,000 in direct operating costs for the garage and $640,000 in lease term-related
obligations.
December 2, 2014
Redevelopment Agency Memorandum
Operating Budget for City Center for FY 2014115
Page 4 of 4
i
CONCLUSION
The proposed FY 2014/15 City Center Redevelopment Area Budget is $38,519,000. The Anchor
Garage &Shops is $6,395,000 and the Pennsylvania Avenue Garage & Shops is $1,681,000.
In order to address the existing and future obligations in the Redevelopment Area, it is
recommended that the Redevelopment Agency adopt the attached Resolution,which establishes
the operating budgets for the City Center Redevelopment Area, the Anchor Shops and Parking
Garage, and the Pennsylvania Avenue Shops and Garage for FY 2014/15.
JLM/KGB/MS/J
Attachment
T:\AGENDA\2014\December\RDA Budget memo 2014_15(12-02-14).doc
68 1 SATURDAY,NOVEMBER 22,2014 hi _� �LOCAL&STATE � Miamil-lerald.com ( MIAMI HERALD
- `r•S•71114
MIAM1BEACN
CITY OF MIAMI BEACH
NOTICE OF PUBLIC HEARINGS
NOTICE IS HEREBY given that Public Hearings will beheld by she Mayor and
City Commission of the City of Miami Beach,Florida,in the Commission
Chambers,3rd floor,City Hall,1700 Convention Center Drive,Miami Beach,
Florida,on Tuesday,December 2,2014,to consider the following:
5:01 P.M.
A Resolution Adopting:1)The Final AdVaiorem Millage Of 55.7942 Mills For
General Operating Purposes,Which is Thirteen And Four-Tenths Percent
(13.410,a}MoreThanThe"Rolled-Back"Rate Of 5.1076 Mills;And 2)The Debt
Service Millage Rate Of 0.2295 Mills For FiscalYear(FY}2014115.Inquiries
may be directed to the Budget & Performance Improvement Office at
305.673.7510.
5:01 p.m.
A Resolution Adopting Final Budgets ForThe General,G.O,Debt Service,
RDA Ad Valorem Taxes, Enterprise, Internal Service Funds, and Special
Revenue Funds For Fiscal Year(FY)201411.5.Inquiries may be directed to
the Budget&Performance Improvement Office at 305.67,3•:7510.
5:02 p.m.
A Resolution Of The Board Of Directors Of The Normandy Shores Local
Government Neighborhood Improvement District Adopting The Final Ad
Valorem Millage Rate Of 1.1305 Mills For FiscalYear(FY}2014/15 ForThe
Normandy Shores Local Government District,Which Is One Percent(1.0%)
LessThanThe"Roiled-Back"Rate Of 1.1391 Mills.Inquiries may be directed
to the Budget&Performance Improvement Office at 305 673.7510.
5:02 p.m.
A Resolution Of The Board Of Directors Of The Normandy Shores Local
Government Neighborhood Improvement District Adopting The Final
Operating Budget For FiscalYear{FY}2014115.inquiries maybe directed to
the Budget&Performance Improvement Office at 305.673.7510.
5:03 p.m.
A Resolution Adopting The Final Capital Improvement Plan For Fiscal
Years(FY) 2014115-2018119 And.Adopting The City Of Miami Beach Final
Capital Budget For(FY)2014/15.Inquiries may be.directed to the Budget&
Performance Improvement Office at 305.673.7510.
5:04 P.M.
A Resolution Of The Chairperson And Members Of The Miami Beach
Redevelopment Agency, Adopting And Appropriating The Operating
Budget For The City Center Redevelopment Area,The Anchor Shops
And Parking Garage,And The Pennsylvania Avenue Shops And Parking
Garage For Fiscal Year 2014115.Inquiries may be directed to the Budget&
Performance Improvement Office at 305.673.7510?
5.05 p,m.
A Resolution Of The Chairperson And Members Of The Miami Beach
Redevelopment Agency (RDA),Adopting And Appropriating The Miami
Beach Redevelopment Agency Capital Budget for Fiscal Year(FY)2014115
And Adopting The Capital Improvement Plan For Fiscal Years 2014/15
Through 2018119.Inquiries may be directed to the budget&Performance
Improvement Office at 305.673.7510.
5:66 P.M.
A Resolution Adopting The First Amendment To The Capital Budget
For Fiscal Year(FY) 2014115. Inquiries may be directed to the budget&
Performance Improvement Office at 305.673.751€7.
Interested parties are invited to appear at this meeting,or be represented
by an agent,or to express their views in writing addressed to the City
Commission,cro the City Clerk,1700 Convention Center Drive,151 Floor,
City Hall,Miami Beach,Florida 33139.Copies of these items are available
for public inspection during normal business hours in the City Clerk's
Office, 1700 Convention Center Drive, 11n Floor,City Hall, Miami Beads,
Florida 33139.This meeting,or any item therein,may be continued,and
under such circumstances,additional legal notice need not be provided.
Pursuant to Section 286.0105,Fla.Stat.,the City hereby advises the public
thatifa person decidestoappeal anydecision made bythe City Commission
with respect to any matter considered at its meeting or its hearing,such
person must ensure that a verbatim record of the proceedings is made,
which record includes the testimony acid evidence upon which the appeal
is to be based.This notice does not constitute consent by the City for the
introduction or admissions of otherwise inadmissible or irrelevant evidence,
nor does it authorize challenges or appeals not otherwise allowed by law.
To request this material in alternate format,sign language interpreter(fiive-
day notice required),information on access for persons with disabilities,
and/or any accommodation to review any document or participate.in any
City-sponsored proceedings,Cali 305.604.2489 and select 1 for English
or 2 for Spanish,then option 61TTY users may call via 711(Florida Relay
Service),
Rafael E.Granado,City Clerk
City of Miami.Beach
971