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Resolution 2020-31418RESO LUTIO N NO . 2 0 2 0 -3 1 4 1 8 A RESO LUTIO N OF THE MAYO R AND CITY CO MM ISSIO N OF THE CITY OF MIAM I BEACH, FLO RIDA, ADO PTING : 1) THE TENTATIVE AD VALO REM MILLAG E OF 5.7288 MILLS FO R FISCA L YEA R 2021 FO R GENERAL O PERA TING PURPO SES, W HICH IS TW O AND EIG HT TENTHS PERCENT (2.8%) MO RE THAN THE "RO LLED-BACK RATE OF 5.5726 MILLS; AN D 2) THE DEBT SERVICE MILLAGE RATE OF 0.3227 MILLS, SUBJECT TO A SECOND PUBLIC HEARING TO CONSIDER THE MILLAGE RA TE FOR FY 2021 ON TUESDAY, SEPTEMBER 29, 2020, AT 5:01 P.M. WHEREAS, on July 29, 2020, the Mayor and City Commission adopted Resolution 2020- 31357, which set the proposed Fiscal Year (FY) 2021 general operating millage rate at 5.7288 mills (excluding debt service) for general operating purposes and is the same as the adopted FY 2020 general operating millage rate, and 0.3227 mills for debt service, which is an increase of 0.0294 mills from the adopted FY 2020 debt service millage rate and is necessary to fund the required debt service from the first tranche of General Obligation Bonds issued by the City in 2019, following the voter referendum approval of the City's General Obligation Bond program on November6,2018;and WHEREAS, the proposed FY 2021 general operating millage rate of 5. 7288 mills is comprised of a General millage rate of 5.6298 that funds operating costs in the General Fund, a Capital Renewal and Replacement (CRR) millage rate of 0.0235 that provides a dedicated source of funding for renewal and replacement projects that extend the useful life of General Fund capital assets, and a Capital Pay-As-You-Go (PayGo) millage rate of 0.0755 that provides a dedicated source of funding for General Fund capital projects; and WHEREAS, for FY 2021, it is proposed that based on the recommendations made at the June 16, 2020 and July 17, 2020 Finance and Economic Resiliency Committee (FERC) Budget Briefings, in order to recognize the savings from the deferral of capital projects during FY 2020 due to the impact of COVID-19, only the difference between the amounts that were deferred and the amounts budgeted to be collected in FY 2020 ($208,000 and $29,000) be transferred to the PayGo and CRR funds, respectively, for FY 2021, as well as the incremental increases ($44,000 and $14,000) based on the July 1, 2020 Certification of Taxable Value from the Miami-Dade County Property Appraiser and proposed millage rates, with the remaining balance proposed to be transferred to the City's General Fund reserves in accordance with the budget balancing plan that was presented to the FERC on April 17,2020; and WHEREAS, on August 7, 2020, Governor Desantis signed Executive Order 20-193, extending Executive Order 20-69, which suspended any Florida Statute that requires a quorum to be present in person or requires a local government body to meet at a specific public place and authorized local government bodies to utilize communications media technology, such as telephonic and video conferencing, as provided in section 120.54(5)(b )2., Florida Statutes, until 12:01 a.m. on October 1, 2020; and W H E R EA S , Section 200.065, Florida Statutes, requires that at the conclusion of the first public hearing on the City's proposed tax rate and budget, the City Commission: 1) adopt a tentative ad valorem millage rate for FY 2021 general operating purposes; and 2) adopt the required debt service millage rate for FY 2021; this is accomplished by adopting a Resolution which includes the percentage increase or decrease over the "rolled-back" rate; and WHEREAS, at this time, the Administration recommends that the City Commission set the second and final public hearing to consider the aforementioned millage rates for FY 2021. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, as follows: (1) Pursuant to Section 200.065, Florida Statutes, there is hereby levied a tax for FY 2021 on all taxable and non-exempt real and personal property located within the corporate limits of the City of Miami Beach, Florida, as follows: (a) For the purpose of operating the government of the City, the rate assigned amounts to 5. 7288 mills. Also included are appropriate reserves and contingencies, which are not limited to reserves for tax discounts and abatements of uncollected taxes. The millage rate reflected is two and eight-tenths percent (2.8%) more than the "Rolled-back" rate of 5.5726 mills. (b) For the purpose of providing payment on the principal and interest portions of outstanding General Obligation Bond Debt and miscellaneous debt service expenditures, the rate assigned amounts to 0.3227 mills. (2) The tentative adopted millage rates for the City of Miami Beach, Florida for FY 2021 are subject to a second and final public hearing, herein set for and to be held on Tuesday, September 29, 2020, at 5:01 p.m., which will be held as a Virtual Meeting with the Mayor, Commissioners, and City staff participating through video conferencing. The Virtual City Commission Meeting will be broadcast live on Miami Beach TV (MBTV), viewable on the City's website at https://www.miamibeachfl.gov/government/mbtv/, as well as on Atlantic Broadband Cable channel 660, AT&T U-verse channel 99, Hotwire Communications channel 395, and ROKU device on PEG.TV channel, and on social media at facebook.com/cityofmiamibeach. To participate or provide comments, the public may join the virtual meeting at: https://us02web.zoom.us/j/82602220652 or via telephone at: 1.312.626.6799 (U.S.) or 888.475.4499 (Toll Free). The Webinar ID is: 826 0222 0652. Members of the public wanting to speak on an item during the Virtual City Commission Meeting, must click the "raise hand" icon if using the Zoom app or press *9 on the telephone to raise their hand. PASSED AND ADOPTED this 16th day of September 2020. ATTEST: · ·..' 2. Dan Gelber, Mayor APPROVED AS TO FOB.,, JSUAaE I UTION R e sol u ti on s -R 7 ç MIAMI BEAC H COMMISSION MEMORANDUM TO: FROM: DATE: Honorable Mayor and Members of the City Commission Jimmy L. Morales, City Manager September 16, 2020 5:01 p.m. First Reading Public Hearing SUBJECT:A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING: 1) THE TENTATIVE AD VALOREM MILLAGE OF 5.7288 MILLS FOR FISCAL YEAR 2021 FOR GENERAL OPERATING PURPOSES, WHICH IS TWO AND EIGHT TENTHS PERCENT (2.8%) MORE THAN THE "ROLLED-BACK" RATE OF 5.5726 MILLS; AND 2) THE DEBT SERVICE MILLAGE RA TE OF 0.3227 MILLS, SUBJECT TO A SECOND PUBLIC HEARING TO CONSIDER THE MILLAGE RATE FOR FY 2021 ON TUESDAY, SEPTEMBER 29, 2020, AT 5:01 P.M. RECOMMENDATION See attached Memorandum. Applicable Area Citywide ls this a "Re sidents Right to Know" item, pursuant to City Code Secti on 2-142 Yes Legislative Tracking Office of Management and Budget Does thi s item utilize G.O. Bond Fun ds? No ATTACHMENTS:; Description 0 Memo - Operating Millage D Resolution a Ad D Ad Page 971 of 1855 MI AM1 BE A CH City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor Dan Gelber and Members of the City Commission FROM: Jimmy L. Morales, City Manager DATE: September 16, 2020 SUBJECT: A RESOLUTION OF THE MAYOR AND CIT'( COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING: 1) THE TENTATIVE AD VALOREM MILLAGE OF 5.7288 MILLS FOR FISCAL YEAR 2021 FOR GENERA L OPERA TING PURPOSES, WHICH IS TW O AND EIGHT TENTHS PERCENT (2.8%) MORE THAN THE "ROLLED- BACK RA TE OF 5.5726 MILLS; AND 2) THE DEBT SERVICE MILLAGE RA TE OF 0.3227 MILLS, SUBJECT TO A SECOND PUBLIC HEARING TO CONSIDER THE MILLAGE RA TE FOR FY 2021 ON TUESDAY, SEPTEMBER 29, 2020, AT 5:01 P.M. ADMINISTRA TION RECOMMENDATION The Administration recommends that the Mayor and City Commission adopt the attached Resolution which authorizes the City Manager to transmit the following information to the Miami- Dade County Property Appraiser: 1) Proposed Millage Rates for Fiscal Year (FY} 2021: General Millage Capital Renewal & Replacement Millage Pay-As-You-Go (PayGo) Millage Total General Operating Millage Voted Debt Service Millage Total Combined Millage 5.6298 mills 0.0235 mills 0.0755 mills 5.7288 mills (same as last year) 0.3227 mills (0.0294 increase over last year) 6.0515 mills 2) The tentatively adopted total combined millage rate of 6.0515 mills for FY 2021 reflects an increase of 0.0294 mills over the total combined millage rate of6.0221 adopted for FY 2020. The tentatively adopted total operating millage rate of5.7288 for FY 2021 is 0.1562 mills, or 2.8 percent(%), more than the "rolled-back" rate of 5.5726. As a result, the City is required to publish a Notice of Proposed Tax Increase in accordance with the State of Florida's Truth in Millage (TRIM) requirements. 3) The second public hearing to consider the final millage rates and budgets for FY 2021 shall be held on Tuesday, September 29, 2020 at 5:01 P.M. On August 7, 2020, Governor Desantis signed Executive Order 20-193, extending Executive Order 20-69, which suspended any Florida Statute that requires a quorum to be present in person or requires a local government body to meet at a specific public place and authorized local government bodies to utilize communications media technology, such as Page 972 of 1855 FY 2021 Proposed Millage September 16, 2020 Page 2 telephonic and video conferencing, as provided in section 120.54(5)(b)2., Florida Statutes, until 12:01 a.m. on October 1, 2020. As a result, the September 29, 2020 City of Miami Beach Commission Meeting will be held as a Virtual Meeting with the Mayor, Commissioners, and City staff participating through video conferencing. The Virtual City Commission Meeting will be broadcast live on Miami Beach T/ (MBTV), viewable on the City's website at https://www.miamibeachfl.gov/governmenUmbtv/, as well as on Atlantic Broadband Cable channel 660, AT&T U-verse channel 99, Hotwire Communications channel 395, and ROKU device on PEG.TV channel, and on social media at facebook.com/cityofmiamibeach. To participate or provide comments, the public may join the virtual meeting at: https://us02web.zoom.us/j/82602220652 or via telephone at: 1.312.626.6799 (U.S.) or 888.475.4499 (Toll Free). The Webinar ID is: 826 0222 0652. Members of the public wanting to speak on an item during the Virtual City Commission Meeting, must click the "raise hand" icon if using the Zoom app or press *9 on the telephone to raise their hand. The "rolled-back" millage rate for FY 2021 is the millage rate required to produce the same level of property tax revenues in the General Fund in FY 2021 as anticipated to be received in FY 2020. It is important to note that the overall January 1, 2019 citywide tax roll declined by almost $788.4 million between the July 1, 2019 certified valuation and the July 1, 2020 final valuation due to appeals, adjustments, etc., which is part of the reason the FY 2021 "rolled-back" rate is 0.1562 mills, or 2.8%, lower than the FY 2020 total general operating millage rate and is lower than it would have been if the "rolled-back" rate was only adjusted for the increase in revenues generated by higher property values. The area outside of the City Center Redevelopment Area (RDA), which impacts General Fund revenues directly, decreased in value by approximately $546.1 million during the same period. PROCEDURE Florida Statutes, Section 200.065, requires that at the conclusion of the first public hearing on the proposed tax rate and budget, the City Commission proceed in the following specific manner: 1. Adopt a tentative ad valorem millage rate for FY 2021 general operating purposes. This is accomplished by adopting a Resolution which includes the percentage increase or decrease over the "rolled-back" rate; the required debt service millage rate; and, the date, time, and place of the second public hearing State statute requires that only the title be read aloud. 2. Adopt a tentative general operating budget for FY 2021, which also includes budgets for Enterprise, Internal Service, Special Revenue, G.O. Bond Debt Service Funds, as well as the City Tax Increment Financing (TIF) portion of the City Center RDA. This is accomplished by adopting a companion Resolution (see accompanying City Budget Agenda Item). Both the millage and budget Resolutions must be adopted again after a second and final public hearing. Page 973 of 1855 FY 2021 Proposed Millage September 16, 2020 Page3 ANALYSIS OF PROPERTY VALUES IN MIAMI BEACH On July 1, 2020, the City received the 2020 Certification of Taxable Value from the Miami-Dade County Property Appraiser indicating that the overall taxable value for the City of Miami Beach was $41.7 billion, including $1.3 billion in new construction. Overall, this represented a 4.1 % increase in values from the 2019 Certification of Taxable Value provided by the Miami-Dade County Property Appraiser on July 1, 2019. July 2019 July 2020 $ Certified Certified Change Property Assessment Property Values 40,098,892,459 41,742,998,986 1,644,106,527 City Center RDA 6,258,372,786 6,204,385,940 (53,986,846) Citywide Total - Net of City Center RDA 33,840,519,673 35,538,613,046 1,698,093,373 Property Tax Revenue Projection 187,389,000 196,617,000 9,228,000 Further, the following table shows the difference between the 2020 Certification of Taxable Value from the Miami-Dade Property Appraiser as of July 1, 2020 and the 2020 Estimated Taxable Value as of June 1, 2020 provided by the Miami-Dade County Property Appraiser. June 2020 July 2020 $ Preliminary Certified Change Property Assessment Property Values 41,485,000,000 41,742,998,986 257,998,986 City Center RDA 6,571,291,425 6,204,385,940 (366,905,485) Citywide Total - Net of City Center RDA 34,913,708,575 35,538,613,046 624,904,471 Property Tax Revenue Projection 193,315,000 196,617,000 3,302,000 Preliminary property tax revenue projections as of June 1, 2020 assumed property values within the City Center RDA would increase by approximately 5.0% over the 2019 Certification of Taxable Value based on historical trends. However, based on the 2020 Certification of Taxable Value provided by the Miami-Dade County Property Appraiser's Office as of July 1, 2020, property values within the City Center RDA decreased 0.9%, thereby increasing citywide General Fund property tax revenues by a greater percentage than originally projected as of June 1, 2020. Lastly, citywide taxable values, excluding the City Center RDA district as of July 1, 2020, increased from $33.8 billion to $35.5 billion, which is an increase of approximately $1.7 billion, or 5.0%, over the 2019 Certification of Taxable Value provided by the Miami-Dade Property Appraiser. Page 97 4 of 1855 FY 2021 Proposed Millage September 16, 2020 Page 4 January 1, 2019 Value (in billions) January 1, 2020 Value (in billions) July 1, 2019 (FY2020 Budget) Revised Value (FY2020 Proj.) Change in 2019 Values July 1, 2020 (FY2021 Budget) $ Change (in billions) Total Citywide City Center RDA Citywide - Net of City Center RDA 40.099 39.311 (0.788) -2.0% 41.743 1.644 4.1% 6.258 6.016 (0.242) -3.9% 6.204 (0.054) -0.9% 33.841 33.294 (0.546 ) -1.6% 35.539 1.698 5.0% DETERMINING THE VOTED DEBT SERVICE MILLAGE LEVY On November 6, 2018, the City of Miami Beach voters approved the issuance of a $439 million G.O. Bond to fund a total of 57 capital projects citywide, ranging from vertical construction, roadwork, park constructions and renovations, technology implementation, renewals and repairs, and underground infrastructure work. The required FY 2021 Voted Debt Service millage rate provides for the funding of the first tranche, totaling $153 million, of the $439 million G.O. Bond program through the assessment, levy, and collection of ad-valorem tax on all property within the City and the full faith, credit, and taxing power of the City pledged to the payment of the principal and interest on the bonds issued as part of the voter-approved G.O. Bond Program. For FY 2021, the total required debt service payment is $12.8 million, which requires the levy of a Voted Debt Service millage rate of 0.3227 mills. The FY 2021 Voted Debt Service millage rate is 0.0294 mills more than the Adopted FY 2020 Voted Debt Service millage rate of 0.2933. The required $12.8 million payment for FY 2021 is comprised of remaining debt service required for the City's outstanding 2011 G.O. Bonds of $2.3 million, plus $10.5 million attributed to the G.O. Bond Program that was approved by the voters in 2018. IMPACT OF PROPOSED MILLAGE LEVY ON PROPERTY OWNERS Homesteaded Properties In 1992, voters approved an amendment to the Florida Constitution known as Amendment 10, also known as Save Our Homes (SOH). SOH is an assessment limitation, or "cap", on increases in the assessed value of a homestead residence. Those increases are limited to 3.0% or the percent change in the CPI (Consumer Price Index), whichever is less. The "cap" goes into effect beginning the year after a homestead exemption is granted. Based on property values as of July 1, 2020, the median value of homesteaded property in Miami Beach is $212,696 while the average is $545,281. The impact of the City's proposed FY 2021 Total Combined millage rate of 6.0515 mills on the median homesteaded property within the City would be an increase of $110 while the impact to the average value homesteaded property within the City would be an increase of $286 as summarized in the table below. Page 975 of 1855 F Y 202 1 P ro posed Millage S eptem ber 16 , 2020 P age 5 Homesteaded Properties FY 2020 FY 2021 Median Average" Median Average Prelim inary Taxa ble Value $195,522 $50 0,40 7 $212,696 $ 545,281 City of Miami Beach Operating $1,120 $ 2,867 $1,218 $3,124 Voted Debt 57 147 69 176 Total Miami Beach $1,177 $3,014 $1,287 $3,300 $ Chan ge in Taxes Operating $ 98 $ 257 Voted Debt 12 29 Total Miami Beach $110 $ 286 **Source: Miami-Dade County Property Appraiser's - 2019 and 2020- Preliminary Average-Median-Homestead-Residential-Values files Impact on Non-Homesteaded Properties The annual increase in market value of a non-homesteaded property is capped at 10.0% (does not apply to school millage rates). While the citywide average increase in property values is 4.1%, the property value of individual properties may increase up to, but not more than 10.0% (excluding the school millage portion of the property tax bill). However, an individual property owner may see a higher than 10.0% increase if there is a change in ownership of a capped property resulting in a reset of the cap. Another potential factor, if applicable, would be the value of new construction which can contribute to a property value increase of higher than 10.0%. OVERLAPPING JURISDICTIONAL OPERATING AND DEBT SERVICE MILLAGE RA TES City of Miami Beach property owners must also pay property taxes to Miami-Dade County, the Miami-Dade County School Board, the Children's Trust, the South Florida Water Management District, Okeechobee Basin, Everglades Project, and the Florida Inland Navigational District. These taxing authorities represent 68.7% of a Miami Beach property owner's tax bill. The proposed FY 2021 countywide tax rate for Miami-Dade County remained flat at 4.6669 mills; the library tax rate also remained flat at 0.2840 mills; and the debt service remained flat at 0.4780 mills. The tax rate for the Miami-Dade School District decreased by 0.0190 mills to 7.1290 mills. The Children's Trust tax rate decreased by 0.0173 mills to 0.4507 mills. Combined, the millage rates for the South Florida Water Management District, Okeechobee Basin, Everglades Project, and Florida Inland Navigational District decreased by 0.0120 mills to 0.2995 mills. With the proposed rates for FY 2021, the Miami Beach portion of the tax bill is approximately 31,3% of the total tax bill. It is important to note that the FY 2021 Countywíde millage rate is 0.9571 mills. or 15.0%,_less than_the Qountywide millage_in FY 2007, as_comparggtothe City's FY 2021millage rate that is 1.6215 mills. or 21.1%. less than the City's FY 2007 millage. Further, the School Board millage is 0.9760 mills below the FY 2007 School Board millage of 8.1050 mills. The significant difference in the total overlapping millage rate is a direct result of the City's continuing effort to keep millage rates as tow as possible. A summary of the rate changes is provided in the following table. Page 976 of 1855 F Y 2 0 2 1 P ro p o s e d M ill a g e S e p te m b er 16, 2 0 2 0 P a g e 6 OVERLAPPING % of Variance Variance % of TAX MILLAGE FY 2007 FY 2007 FY 2020 FY 2021 from from FY 2021 Total FY 2007 FY 2020 Total City of Miami Be ach General Operating 7.1920 30.8% 5.6298 5.6298 (1.5622) 0.0000 29.1% Renewal & Replacement 0.1820 0.8% 0.0235 0.0235 (0.1585) 0.0000 0.1% Pay-As-You-Go Cap ital 0.0000 0.0% 0.0755 0.0755 00755 0.0000 0.4% Operating Mlllage 7.3740 31.6% 5.7288 5.7288 (1.8452) 0.0000 29.6% Voted Deb t Service 0.2990 1.3% 0.2933 0.3227 0.0237 0.0294 1.7% Subtotal 7.6730 32.9% 6.0221 6.0515 (1.6215) 0.0294 31.3% Miami Dade County Countywide 5.6150 24.1% 4.6669 4.6669 (0.9481) 0.0000 24.1% Library 0.4860 2.1% 0.2840 0.2840 (0.2020) 0.0000 1.5% Debt Service 0.2850 1.2% 0.4780 0.4780 0.1930 0.0000 2.5% Subtotal 6.3880 27.4% 5.4289 5.4289 (0.9571) 0.0000 28.0% School Board 8.1050 34.8% 7.1480 7.1290 (0.9760) (0.0190) 36.8% Children's Trust 0.4220 1.8% 0.4680 0.4507 0.0287 (0.0173) 2.3% Other 0.7360 3.2% 0.3115 0.2995 (0.4365) (0.0120) 1.5% Total 23.3220 100.0% 19.3785 19.3596 (3.9624) (0.0189) 100.0% IMPACT OF COMBINED TAX RATES OF OVERLAPPING JURISDICTIONS ON HOMESTEADED PROPERTIES The City of Miami Beach's preliminary 2020 median and average homesteaded residential taxable values are $212,696 and $545,281, respectively. Applying the total combined millage rates proposed for FY 2021 to the median and average taxable values results in a property tax increase of approximately $330 for the median and $858 for the average homesteaded residential tax bill in the City of Miami Beach. Median properties would pay approximately $4,118 per homesteaded property for all taxing jurisdictions combined, while the property taxes for average homesteaded residential properties would be approximately $10,556 per homesteaded property. Of these taxing jurisdictions, the highest component is the Miami-Dade School Board at $1,516 for a median valued homesteaded property and $3,887 for an average valued homesteaded property in the City of Miami Beach. The following table provides examples of changes in the property taxes levied for homesteaded properties using the tax rates proposed for FY 2021 by jurisdiction. Page 977 of 1855 FY 2021 Proposed Millage September 16, 2020 Page 7 Impact on Homesteaded Properties FY 2020 FY 2021 Median Average" Median Average" Preliminary Taxable Value .. $ 195,522 $ 500,407 $212,696 $545,281 City of Miami Beach Operating $1,120 $ 2,867 $1,218 $3,124 Voted Debt 57 147 69 176 Total Miami Beach $1,177 $ 3,014 $1,287 $3,300 Miami Dade County 1,061 2,717 1,155 2,960 Schools 1,398 3,577 1,516 3,887 Other 152 390 160 409 Total Combined $3,788 $9,698 $4,118 $10,556 Change in Taxes City of Miami Beach Operating $ 98 $ 257 Voted Debt 12 29 Total Miami Beach $110 $ 286 Miami Dade County 94 243 Schools 118 310 Other 8 19 Total Combined $330 $858 Source: Miami-Dade County Property Appraiser's - 2019 and 2020- Preliminary Average-Median - Homestead-Residential-Values files As with the City of Miami Beach millage rates, impacts of the combined jurisdictional millage rates for non-homesteaded properties are based on the individual property values. HISTORICAL PERSPECTIVE It is important to note that in prior years, the City of Miami Beach significantly reduced tax rates as property values increased. Between FY 2000 and FY 2010, property tax rates declined approximately 2.8 mills. In FY 2008 alone, the property tax rate declined by approximately 1.8 mills with annual savings to the average homesteaded property of over $400. In addition, in FY 2006 and FY 2007, the City funded $200 and $300 homeowner dividends paid to homesteaded property owners in the City. The City's Total Combined millage rates for FY 2017, FY 2018, and FY 2019 were the lowest it has been in at least 20 years. For FY 2020 and FY 2021, the slight increases in the Total Combined millage rates are solely attributed to the approved G.O. Bond Program approved by the voters on November 6, 2018. Page 978 of 1855 FY 2021 Proposed Millage September 16, 2020 Page 8 Millage Rates Tax Levy (in millions) Taxable Values Chart Taxable Property Values (billions) Final/ Revised Taxable Values (billions) Total Combined Cityw ide Millage General Fund/R DA Operating Millage Total Tax Levy including Debt General Fund Total (including S. Pointe, Capital Renewal & Repl.& PayGo) FY 1998 $ 6.46 $ 6.4 0 9.2100 7.4990 $ 57.45 $ 46.78 FY 1999 $ 6.97 $ 6.8 7 8.9830 7.4 990 $ 60.37 $ 44.6 6 FY 2000 $ 7.66 $ 7.54 8.6980 7.4 990 $ 64.29 $ 47.36 FY 2001 $ 8.37 $ 8.22 8.5550 7.3990 $ 69.08 $ 49.75 FY 2002 $ 9.40 $ 9.2 2 8.3760 7.2990 $ 75.97 $ 54.37 FY 2003 $ 10.56 $ 10.41 8.3220 7.2990 $ 84.81 $ 61.05 FY 2004 $ 12.09 $ 11.85 8.1730 7.2990 $ 95.39 $ 68.17 FY 2005 $ 14.04 $ 13.86 8.1730 7.4250 $ 110.74 $ 79.38 FY 2006 $ 17.45 $ 17.15 8.0730 7.4810 $ 135.91 $ 111.69 FY 2007 $ 22.74 $ 22.26 7.6730 7.3740 $ 168.38 $ 140.31 FY 2008 $ 26.85 $ 26.14 5.8970 5.6555 $ 150.42 $ 125.33 FY 2009 $ 26.90 $ 25.89 5.8930 5.6555 $ 150.59 $ 125.94 FY 2010 $ 24.70 $ 23.24 5.9123 5.6555 $ 138.70 $ 115.73 FY 2011 $ 22.10 $ 20.97 6.5025 6.2155 $ 136.55 $ 112.14 FY 2012 $ 21.98 $ 20.75 6.4539 6.1655 $ 134.75 $ 111.29 FY 2013 $ 23.07 $ 22.02 6.3477 6.0909 $ 139.10 $ 114.32 FY 2014 $ 24.66 $ 23.64 6.1163 5.8634 $ 143.26 $ 117.41 FY 2015 $ 27.10 $ 26.27 6.0237 5.7942 $ 155.10 $ 127.76 FY 2016 $ 30.70 $ 29.92 5.9123 5.7092 $ 172.42 $ 143.16 FY 2017 $ 34.70 $ 33.99 5.8888 5.7092 $ 194.11 $ 160.78 FY 2018 $ 37.39 $ 36.63 5.8888 5.7224 $ 209.21 $ 175.36 FY 2019 $ 38.88 $ 38.19 5.8888 5.7288 $ 217.51 $ 182.16 FY 2020 $ 40.10 $ 39.31 6.0221 5.7288 $ 229.41 $ 187.39 FY 2021 $ 41.74 6.0515 5.7288 $ 239.98 $ 196.62 Data not available until next calendar year Page 979 of 1855 FY 2021 Proposed Millage September 16, 2020 Page 9 Total Combined Millage Rates 9.0000 8.0000 7.0000 •. 6.0000 "' 5.0000 % 0 du 4.0000 ± $ 3.0000 2.0000 1.0000 0.0000 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 Debot Service Millage 0,2990 0.2415 0.2375 0.2568 0.2870 0.2884 0.2568 0.2529 0.2295 0.2031 01796 0.1664 0.1600 0.2933 0.3227 Operating Millage 7.3740 5.6555 5.6555 5.6555 6.2155 6.1655 6.0909 5.8634 5.7942 5.7092 5.7092 5.7224 5.7288 5.7288 5.7288 Total Combined 7.6730 5.8970 5.8930 5.9123 6.5025 6.4539 6.3477 6.1163 6.0237 5.9123 5.8888 5.8888 5.8888 6.0221 6.0515 Property Values and Tax Levy The General Fund operating budget reflects a greater diversification of revenues since FY 2007. The City Administration's long-term objective has been to reduce the subsidies from the Parking Enterprise Fund and the City Center RDA Fund to the General Fund in order reduce the burden on the Parking Enterprise Fund and City Center RDA Fund. Consistent with this strategy, and due to the significant reduction in revenues being experienced resulting from COVID-19, the Administration recommends the elimination of the $1.2 million transfer from the Parking Enterprise Fund to the General Fund in FY 2021 while the City Center RDA subsidy is recommended to remain the same as FY 2020 at $4.4 million to partially offset the decrease in General Fund revenues impacted by COVID-19. Page 980 of 1855 FY 2021 Proposed Millage September 16, 2020 Page 10 Property Values and Tax Levy Trend $340.0 $320.0 $300.0 $280.0 $260.0 i $240.0 $220.0 £ $200.0 - » $180.0 e E $160.0 .,, $140.0 u 5 $120.0 5 $100.0 $80.0 $60.0 $40.0 $20.0 $o FY rY fY FY r FY r FY FY FY Y FY FY FY 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 ..... $45.0 $40.0 $35.0 ... $30.0 i à $25.0 < IL r 2 $20.0 £ 5 $15.0 .:. $10.0 $5.0 $0 $y 2021 Property Values Tax Levy hcluding Debt STATUTORY REQUIREMENTS Florida Statute 200.065, entitled "Method of Fixing Millage," establishes specific guidelines that must be used by all local government entities in setting millage (property tax) rates. Under the Florida Statute, the City is required, within 35 days of receipt of the "Certification of Taxable Value" (received July 1, 2020), to advise the Miami-Dade County Property Appraiser of the proposed total general operating millage rate, the calculated "rolled-back" rate and the date, time, and place of the first public hearing to consider the proposed millage rates and budgets for FY 2021. The required Voted Debt Service millage rate must also be set at the same time as the total general operating millage rate. After setting the proposed FY 2021 millage rate, the Mayor and City Commission may, at any time prior to the final adoption, lower the rates by adjusting priorities. However, increasing the millage rate may only be accomplished by an expensive mailing and advertising process to every property owner on Miami Beach. The City's proposed operating millage rate as well as that of other taxing authorities will be included in the Truth-in-Millage (TRIM} statement sent to each property owner in the City. MAXIMUM MILLAGE DETERMINATION As presented at the June 16, 2020, July 17, 2020 and July 24, 2020 Finance and Economic Resiliency Committee (FERC) Budget Briefings, the FY 2021 Total General Operating millage rate is proposed at 5.7288 mills, which reflects no change from the prior year Adopted FY 2020 Total General Operating millage rate. Based on the July 1, 2020 Certification of Taxable Value received from the Miami-Dade County Property Appraiser, the levy of 5. 7288 mills would generate approximately $196.6 million in General Fund property tax revenues, which is an increase of approximately $9.2 million over the FY 2020 budgeted property tax revenues Citywide (net of the City Center RDA). Page 981 of 1855 FY 2021 Proposed Millage September 16, 2020 Page 11 July 2018 July 2019 Certified Certified Property Assessment Existing Values 39,796,383,821 40,429,722,472 New Construction 302,508,638 1,313,276,514 Total Citywide 40,098,892,459 41,742,998,986 City Center RDA 6,258,372,786 6,204,385,940 Citywide Total - Net of City Center RDA 33,840,519,673 35,538,613,046 Property Tax Revenue Projection 187,389,000 196,617,000 Property Tax Revenue Projection Variance 9,228,000 Further, pursuant to State Statute, the City may elect to approve millage rates above the "rolled- back" rate up to the constitutional cap of 10 mills, subject to the following votes by the Commission or referendum: • Option I: A majority approval of the Mayor and City Commission is required to approve a millage up to 6.2694 mills (equivalent to a 3.22% increase in Property Tax revenues). The 1.0322 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 Mayor and City Commission is required to approve a millage up to 6.8963 mills (equivalent to a 10.0% increase in Property Tax revenues above Option I). • Option 111: A unanimous approval of the Commission or referendum is required to approve a millage above 6.8693 mills. Adoption of the total general operating millage rate of 5.7288 mills proposed for FY 2021 would, therefore, require a majority approval (4 of 7 votes) by the Mayor and City Commission per the State of Florida's Truth-in-Millage (TRIM} requirements. SECOND PUBLIC HEARING The second public hearing on the tentatively adopted millage rate and budget for FY 2021 must be advertised no later than 15 days after the first public hearing. It is recommended that the second public hearing be set for Tuesday, September 29, 2020, at 5:01 P.M., which will be held as a Virtual Meeting with the Mayor, Commissioners, and City staff participating through video conferencing. The Virtual City Commission Meeting will be broadcast live on Miami Beach TV(MBTV), viewable on the City's website at https://www.miamibeachfl.gov/governmenUmbtv/, as well as on Atlantic Broadband Cable channel 660, AT&T U-verse channel 99, Hotwire Communications channel 395, and ROKU device on PEG.TV channel, and on social media at facebook.com/cityofmiamibeach. To participate or provide comments, the public may join the virtual meeting at: https://us02web.zoom.us/j/82602220652 or via telephone at: 1.312.626.6799 (U .S.) or 888.475.4499 (Toll Free). The Webinar ID is: 826 0222 0652. Members of the public wanting to speak on an item during the Virtual City Commission Meeting, must click the "raise hand" icon if using the Zoom app or press 9 on the telephone to raise their hand. Page 982 of 1855 FY 2021 Proposed Millage September 16, 2020 Page 12 CONCLUSION The Administration recommends adoption of the attached Resolution, which sets both tentative total general operating and voted debt service millage rates for FY 2021 at 5. 7288 mills and 0.3227 mills, respectively, and sets the date, time, and place of the second public hearing to be held on Tuesday, September 29, 2020, at 5:01 P.M. JLMIJWITOS Page 983 of 1855 SU NA ! M}GUS T 30 202 0 MIAMI HERALD0.OM NEIGHBORS I 15NE 3CACH CITY OF MIAMI BEACH NOTICE OF PUBLIC HEARINGS SEPTEHER I6, 20Z0 WRTUAL CIT COMMISSION MEE TIM 'r idre 42i»g i-«k""ar e t ilt le nor ho .ramar, na3a g ra«r are«ar ar prjr iure er¢a Matushew,ow!gr¥it»hi t .i..r.ha. l ot ."..u 4 l, it.±st'La'rw+if,o« 3,rwsrtun:rri,otar;«attriadlwíu r,"L.h.a.ta.2.u.a. « otu tr»tres"ali ni a 3arr rs,«.ta.· A.ca.a.i..' kl¿'oars:!3'IE.2I »t:.4/'l'-« "rt±tu'tz'¥rintra± marl,¢garrkrttihr rtr V u,lo"ir'wt";elrL u ter+t t eere g gratino sur ewatt»h aj}!rey++a»y»gr «t letrnriugr«o« tua. .kat.bau.ut 4SI"Ml; uM& Z/rwwg9o+ «O w?O-4¢'M''é!¢+.w.Lu 0/.{33 42,7'37r5 4'»,r W.ii W3'MM0'+'''+Au'I- ;M £124,3$24 $4'7'·{N'SW3WSÉ Mu¢I'.$, Su« F4St31,u ·MI'hl23l : JIN713.£"m 'ÉA22419 A Maa«+ «oyat»ne»tri4f 4fi¥±3 4$ it u.0akat. Dtt Lr 1 éS¢'·NA3$ t+Au q A'¢ /T S Wu!N,,A- IR IN'«'4 3/4t»: &?A. GA !' SLM 3 Ou 'gE. 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'r #usta«nr tor Mr.n !:¿ { 'a:a«e 1a9ii#eu wt:mu»eat ter.eats±i121M' tua.a.but.bat.tu MS.Pg"put3'3%AA\ #$.4 4. 2!3+,2Me'a'I'4u/; 49wruM?±yo Pe ».,¿97t;4K)#Até 'M.. !!«".¿ »w«!E"i'$,'u- o »y oto »Sr.'os+y'ta2±2$1, a; w #tar 'z3e srdtu ie ear retenai2 uu.t.tat.bk.tuts =;1+53,/"utoue,y'a gr3w >,0$4e, "ra ru An g«"¿5¿:.22;1% A,·+gI4a"4V4«4q"O,¡'i..' 3Mi'$,i+o M'2ai.+/vii t4i 'u rottoes neg o Ana <ie« Hi 4Mae ii'! bes vrde tr.tie?eke 4htwwct vu2i4'j$ 5"+irwaaru·np» rr.nis ir,ir en nr ar me riegrwul e u.di vi£e rtorre ai a euaar erg_huatrlgrlrrerwetela htal.ttot n o ?n t @v e fede tot art wrnwat an t pea ow or lac tr or.·beset Lu.pl t.rt.tu±.2tar a2Mer;»iMMwtu}sties? a pdtai ai ir vrf a t ta,'$r/Mph.u$a nearer'ans k Mierez eat a ·or #to2your taro's»aevurrr;suit,, Lenarrr.put tat out #ts,r p grey i rate r i h ii a t, ta taut T +pr ho gs gt y ut¢mu.y4tee tait ra.rit.9fars,ti%or @dent a et tt a il by w a 'twas hour»atao'tr, a ia,to hit#tear,rzrrusset the tururso »neriewiyterr tat doe twit or#a al kit./41ore'he+re, "et.atria' eu or Stet i'o ?a a,Ya1?u> LEGAL ADVERTISEMENT OE SOLICITATION City of North Miami REQUEST FOR PROPOSALS (RFP) NO. 23-19-20 LEASING, DEVELOPMENT, AND OPERATION OF THE RED GARDEN SITE City of North Miami, Florida ("City"} is requesting proposals from Interested parties tor the leasing, development and operation of the site known as Red Garden located at NW 123rd Street and 7th Avenue in the heart ot the City's Cultural Arts and Innovation District and a nearby office building located at 660 NW 125th Street, as further described in the FP. Site Visits will take place on Tuesday, September 8, 2020, and Wednesday, September 9, 2020, by appointment only. Proposals are to be submitted in a sealed package to the Ottice ot the City Clerk, located at 776 N.E. 125th Street, North Miami, FL 33161, by no later than 3:30 p.m. local time on Friday, October 16, 2020. Copies of this RFP may be obtained by visiting our website at www.northmiamitl.gov or by contacting DemandStar by www.demandstar.com or calling toll tree 1-866-273-1863 and requesting Document No, 23-18-19. RIDE SAFELY WITH MIAMI-DAD E TRA NSIT TOGETHER, WE CAN STOP THE SPREAD. DO YOUR PART AND BE SURE TO MAINTAIN A SAFE DISTANCE FROM YOUR FELLOW RIDERS AND WEAR A MASK AT ALL TIMES - INCLUDING WHILE WAITING AT THE STOPS OR PLATFORMS. t 6feet / iuml-Ode County will continue to fa]kw the latat u. i$ ha hrrm the gntars fer Dpt Conrod pd rent!on (} d eatere Miami Qda County and otMr pplable f mergey Order. 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