220-95 RDA
RESOLUTION NO. 220-95
A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF
THE BOARD OF THE MIAMI BEACH REDEVELOPMENT
AGENCY ESTABLISHING THE MANAGEMENT FEE BETWEEN
THE CITY OF MIAMI BEACH (CITY) AND THE MIAMI
BEACH REDEVELOPMENT AGENCY (AGENCY) FOR THE
PROVISION OF MANAGERIAL AND ADMINISTRATIVE
SERVICES BY THE CITY TO THE AGENCY AND
RATIFYING THE METHOD FOR PAYMENTS FROM THE
AGENCY TO THE CITY FOR SUCH SERVICES
RETROACTIVELY FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 1994 AND ENDING SEPTEMBER 30, 1995
AND ESTABLISHING THE MANAGEMENT FEE AND
AUTHORIZING THE METHOD FOR PAYMENT FOR THE
CURRENT FISCAL YEAR WHICH BEGAN OCTOBER 1,
1995 AND WILL END SEPTEMBER 30, 1996.
WHEREAS, each year, the Office of Management and Budget of the
City establishes the management fee for each redevelopment area and
that amount is incorporated in the budget prepared by the Agency
for each area and identified as management fee; and
WHEREAS, these budgets are subsequently approved and adopted
by the Agency Board on an annual basis; and
WHEREAS, for fiscal Year 1995, the amounts approved in the
budget were deducted form the tax increment proceeds the Agency
received from the City in December, 1994; and
WHEREAS, the Agency Board is requested to retroactively
approve the management fee and method of payment for the Fiscal
Year beginning October I, 1994 and ending September 30, 1995; and
WHEREAS, for Fiscal Year 1996, which began on October I, 1995
and will end on September 30, 1996, the Agency Board approved
budgets for each area at its meeting of September 27, 1995; and
WHEREAS, the Administration recommends that the method of
payment for FY 96 management fee be a deduction from the tax
increment proceeds the Agency will receive from the City in
December, 1995, concurrent with a review of the financial position
of the Agency.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CHAIRMAN AND MEMBERS OF
THE BOARD OF THE MIAMI BEACH REDEVELOPMENT AGENCY, that for the
provision of managerial and administrative services by the City of
Miami Beach to the Miami Beach Redevelopment Agency take the
follwing actions:
Section 1.
Establishes the management fee between the
City and the Agency and ratifies the method
of payment from the Agency to the City for such
services retroactively for the Fiscal Year
beginning October 1, 1994 and ending September
30, 1995 i and
Section 2.
Establishes the management fee and authorizes
the method of payment for the current Fiscal
Year which began October 1, 1995 and will end
September 30,1996.
PASSED AND ADOPTED THIS 11 th DAY OF
ATTEST:
~~,
SECRETARY
JGP:LMW
FORM APPROVED
REDEVElOPMENT AGENCY
GENElW. COU"l"
By 11f Irfi jL
Date ~. J. I 9 'is
.
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Miami Beach
Redevelopment Agency
1700 Convention Center Drive
Miami Beach, Florida 33139
Telephone: (305) 673-7193
Fax: (305) 673-7772
REDEVELOPMENT AGENCY MEMORANDUM NO. 95-63
October 11, 1995
TO:
FROM:
SUBJECT:
Chairman and Members of the Board of
the Miami Beach Redevelopment Agency
Jose GarCia-pedrosa/!
Executive Director
A RESOLUTION OF TH MIAMI BEACH REDEVELOPMENT AGENCY
ESTABLISHING THE MANAGEMENT FEE BETWEEN THE CITY OF MIAMI
BEACH (CITY) AND THE MIAMI BEACH REDEVELOPMENT AGENCY
(AGENCY) FOR THE PROVISION OF MANAGERIAL AND
ADMINISTRATIVE SERVICES BY THE CITY TO THE AGENCY AND
RATIFYING THE METHOD FOR PAYMENT FROM THE AGENCY TO
THE CITY FOR SUCH SERVICES RETROACTIVELY FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 1994 AND ENDING SEPTEMBER 30,
1995 AND ESTABLISHING THE MANAGEMENT FEE AND AUTHORIZING
THE METHOD FOR PAYMENT FOR THE CURRENT FISCAL YEAR
WHICH BEGAN OCTOBER 1, 1995 AND WILL END SEPTEMBER 30,
1996.
RECOMMENDATION:
It is recommended that the Agency Board approve the attached
Resolution which establishes the management fee to be paid to the
City of Miami Beach (City) by the Miami Beach Redevelopment Agency
(Agency) for the provision of managerial and administrative
services by the City to the Agency and ratifying the method for
payment from the Agency to the City for such services retroactively
for FY 95 and authorizing the method of payment for FY 96.
S()UTti f)()I~~
l?edevel()pment ()Istrict
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l?edevel()Dment.l)istrict
AGEM)A. ITEM l'-D
October 11, 1995
BACKGROUND:
Each year, in the preparation of the budget, the Office of
Management and Budget of the City establishes the management fee
for each redevelopment area. That amount is incorporated in the
budget prepared by the Agency for each area and identified as
management fee. These budgets are subsequently approved and
adopted by the Agency Board on an annual basis.
For Fiscal Year 95, the amounts approved in the budgets were as
follows:
South Pointe
City Center
TOTAL
$465,000
$230,000
$695,000
These approved amounts were
proceeds the Agency received
December, 1994.
deducted
from the
from the tax
City of Miami
increment
Beach in
The Agency
management
October I,
Board lS requested to retroactively approve the
fee and method of payment for the Fiscal Year beginning
1994 and ending September 30, 1995.
For Fiscal Year 96, which began on October I, 1995 and will end on
September 30, 1996, the Agency Board has approved management fees
for each area as follows:
--South pointe
--City Center
TOTAL
$414,000
$414,000
$828,000
The Administration recommends that the method of payment for the FY
96 management fee be a deduction from the tax increment proceeds
the Agency will receive from the City in December, 1995.
Concurrent with this payment, a review of the Agency's financial
position will be undertaken. Should payment of this fee pose a
financial burden to the Agency, the City will work with the Agency
to develop alternate terms of payment.
The Agency Board is being requested to approve the management fee
as adopted in the budget for FY 96 at their meeting of September
27, 1996 and to authorize the method of payment as presented for
consideration above.
ANALYSIS:
In the audit of the Redevelopment Agency for Fiscal Year 1994, it
was noted that although the management fee is included in the
budgets for both the South Pointe and City Center redevelopment
areas, the methodology for calculating the fees was not formally
approved by Resolution of the Agency. It was recommended that the
Agency document the manner in which the management fee lS
calculated and the proposed method for payment.
Attached are breakdowns of the management fees for Fiscal Years 95
and 96 as prepared by the Office of Management and Budget, In
concert with the Agency, for your information.
CONCLUSION:
The Agency Board should adopt the attached Resolution retroactively
establishing the management fee and approving method of payment for
Fiscal Year 1995 and establishing the management fee and
authorizing the method of payment for Fiscal Year 1996.
Attachments
JGP:LMW
RDA Management Fee FY 94/95
Salary + Fringes Reimbursement to General Fund
Property Mgt., Computer/Comm Support. Risk Managment
$602,291
$92,709
TOTAL
$695,000
Dept Code Position Salary @ % Fringes TOTAL
DIRECT CHARGES
530 Asst City Manager/DDHPS Director @ 50% $45,840 $6,876 $52,716
530 Special Projects Coordinator @ 100% $51,610 $7,742 $59,352
530 Administrative Secretary @ 100% $27,418 $4,113 $31,531
530 Community Development Coordinator @ 100% $54,107 $8,116 $62,223
530 Real Estate Economist @ 15% $8,154 $1,223 $9,337
530 Redevelopment Specialist @ 100% $39,503 $5,925 $45,428
520 DDHPS Deputy Director @ 50% $42,258 $6,338 $48,594
310 City Manager @ 20% $26,149 $3,922 $30,072
210 City Clerk @ 20% $14,411 $2,162 $16,572
1410 City Attorney @ 20% $23,012 $3,452 $26,463
1410 Chief Deputy City Attorney @ 30% $34,129 $5,119 $39,248
1410 1st Asst City Attorney @ 70% $51,800 $7,770 $59,570
360 Finance Director @ 40% $38,528 $5,779 $44,307
360 Asst Finance Director @ 25% $17,035 $2,555 $19,591
340 OMB Director + Budget Officer $5,000
370 Human Resources Department $2,500
Merits Not Shown @ 8% $49,309 $7,936 $57,245
TOTAL $523,263 $79,028 $602,291
INDIRECT CHARGES:
502 Property Management $50,000
504 Computer/Communications Support $17,709
505 Risk Managment $25,000
TOTAL $92,709 $92,709
TOTAL $695,000
MANAGEMENT FEE:
South Pointe $465,000
City Center $230,000
RDA Management Fee FY 95/96
Salary + Fringes ReimbursemJ ent to General Fund
Property Mgt., Computer/Comm Support/Risk Management
$718,000
$110,000
TOTAL
$828,000
Dept Code Position Salary @ % Fringes TOTAL
DIRECT CHARGES
530 Asst City Manager/DDHPS Director @ 50% $45,840 $6,876 $52,716
530 Special Projects Coordinator @ 100% $51,610 $7,742 $59,352
530 Special Projects Coordinator @ 100% $50,000 $7,500 $57,500
530 Administrative Secretary @ 100% $27,418 $4,113 $31,531
530 Community Development Coordinator @ 30% $16,232 $2,435 $18,667
530 Real Estate Economist @ 40% $21,744 $3,261 $25,005
530 Redevelopment Specialist @ 100% $39,503 $5,925 $45,428
520 DDHPS Deputy Director @ 50% $42,256 $6,338 $48,594
310 City Manager @ 20% $26,149 $3,922 $30,072
640 Environmental Specialist @ 50% $31 ,11 9 $5,491 $36,610
210 City Clerk @ 20% $14,411 $2,162 $16,572
1410 City Attorney @ 20% $23,012 $3,452 $26,463
1410 Chief Deputy City Attorney @ 40% $45,505 $6,825 $52,331
1410 1st Asst City Attorney @ 100% $74,000 $11,100 $85,100
360 Finance Director @ 40% $38,528 $5,779 $44,307
360 Asst Finance Director @ 30% $20,442 $3,066 $23,508
340 OMB Director + Budget Officer $0 $0 $5,000
370 Human Resources Department $0 $0 $2,500
Merits Not Shown @ 8% $49,339 $7,405 $56,744
TOTAL $617,108 $93,393 $718,000
INDIRECT CHARGES:
502 Property Management $60,000 $0 $60,000
504 Computer/Communications Support $25,000 $0 $25,000
505 Risk Management $25,000 $0 $25,000
TOTAL $110,000 $0 $110,000
TOTAL $828,000
MANAGEMENT FEE:
South Pointe $414,000
City Center $414,000
TOTAL $828,000