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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 KB:MAS FORM & LANGUAGE TAAGENDA\2014\December\RD DGE,T R S c & FOR EXEC ON iN Attome ' Dat i A ' 1111 �\'�1� `• , gip'°.°. �,.i r..g ." •-i "J ^^.•''•• ..o•,.• tea•. 't• f-,. 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