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2003-25348 Reso , , RESOLUTION NO. 2003-25348 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL YEAR 2003104. WHEREAS, for the purpose of providing security services within the Normandy Shores neighborhood area, the Mayor and City Commission adopted Ordinance No. 93-2881 on October 20, 1993, which authorized the creation of the Normandy Shores Local Government Neighborhood Improvement District (District); and WHEREAS, for the purpose of providing security services within the District, a final budget has been developed to fund projected Fiscal Year (FY) 2003/04 operating expenses; and WHEREAS, the final operating budget has been reviewed by the Board of Directors of the District (Board) to assure its content and scope; and WHEREAS, on September 18, 2003, pursuant to Section 200.065 of the Florida Statutes, a public hearing was held before the Mayor and City Commission, acting as the Board, to discuss the operating millage rate and operating budget for the District for FY 2003/04, NOW, THEREFORE, BE IT DULY RESOLVED BY THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT, that the Board hereby adopts the final operating budget for the District for FY 2003/04 as summarized herein and listed below: REVENUES Ad Valorem Tax City's General Fund Total EXPENSES Security Service Maintenance Total PASSED and ADOPTED this ATTEST: _~r fMtk SECRETARY TO THE DISTRICT $ 81,758 44.042 J 125,800 ember, 2003. APPROVED AS TO FORM & lANGUAGE & FOR EXECUTION 'f/ /q"o ? Date .w;.-?J CITY OF MIAMI BEACH COMMISSION ITEM SUMMARY m Condensed Title: A resolution adopting the final operating budget for the Normandy Shores Local Government Neighborhood Improvement District for fiscal year 2003/04. 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 final operating budget for the District for fiscal year 2003/04 in the amount of $125,800? Item Summary/Recommendation: The Administration recommends adopting the final operating budget for the Normandy Shores Local Government Neighborhood Improvement District for Fiscal Year 2003/04. Advisory Board Recommendation: I Financial Information: Source of Amount Account Approved Funds: 1 $81,758 Normandy Shores District IJKJ 2 44,042 General Fund 3 4 Total $125,800 City Clerk's Office Legislative Tracking: I Si n-Ofts: Department Director City Manager AGENDA ITEM DATE (!...IBc2... q '/drIJ9 CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 http:\\ci.miami-beach.fl.us COMMISSION MEMORANDUM TO: Mayor David Dermer and Members of the City Commission DATE: September 18, 2003 FROM: Jorge M. Gonzalez \. ~.. City Manager O,v - 0 SUBJECT: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL YEAR 2003/04. ADMINISTRATION RECOMMENDATION Adopt the Resolution which establishes the final operating budget for the District for Fiscal Year (FY) 2003/04. 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 2003/04 represents its tenth 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". However, 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. 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 guard gate. This cost will eventually be funded from the golf course operation of the Normandy Shores Golf Course. The City Attorney's Office is reviewing the issue regarding the dependent status of the District. It was further agreed that the City would continue to supplement the District at current levels until both issues were resolved. Normandy Shores FY 2003/04 Final Budget September 18, 2003 Page Two At the July 30, 2003 Commission meeting, the Mayor and Commission adopted Resolution 2003-25301, which set the proposed operating millage rate for the District at 1.123 mills. The tax levy at 1.123 mills will generate proceeds of $81,758 of the $125,800 operating budget to provide security services for the district. The difference between the revenues generated from such ad valorem tax proceeds and the total budgetary requirement of the District will be funded by the General Fund in the amount of $44,042 or 35% of the total operating budget. The General Fund has funded this difference for each of the nine years since the District was established. The amount provided by the General Fund for this purpose in FY 2002/03 was $42,000. At their meeting on September 4, 2003, the Mayor and Commission approved the tentative millage of 1.123 mills and budget of $125,800. PROCEDURE The operating millage and budget for this dependent special taxing district must be adopted in accordance with Florida Statutes. This procedure requires that this Resolution be considered immediately after the final millage for Normandy Shores District has been adopted (See accompanying Agenda Item R7B1 for details). ANALYSIS On September 4, 2003, the City Commission tentatively adopted the operating budget for the District in the amount of $125,800. The final operating budget for the District is as follows: REVENUES Ad Valorem Tax City's General Fund Total $ 81,758 44,042 J 125,800 EXPENSES Security Service Maintenance Total $ 107,200 18.600 ~ 125,800 CONCLUSION The City Commission, acting in its capacity as the Board of Directors of the Normandy Shores Local Government Neighborhood Improvement District, should adopt the attached Resolution which establishes the final operating budget. JMG:PDW:JC