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95-21740 Reso • RESOLUTION NO. 95-21740 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACTING AS THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING AN AD VALOREM MILLAGE OF 1.116 MILLS FOR THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT, WHICH IS A HALF OF A PERCENT (0.5%) GREATER THAN THE "ROLLED-BACK" RATE OF 1.110 MILLS, FOR FISCAL YEAR 1995/96. WHEREAS, for the purpose of providing security services within the District, the final Ad Valorem millage rate assigned amounts to 1.116 mills; and, WHEREAS,the millage rate reflected is one-half of a percent(0.5%) greater than the "rolled-back" rate of 1.110 mills. NOW THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH,FLORIDA,ACTING AS THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT, as follows: (1) Pursuant to Section 200.065, Florida Statutes, there is hereby levied a tax for Fiscal Year 1995/96 on all taxable and non-exempt real and personal property located within the boundaries of the Normandy Shores Neighborhood Improvement District for the purpose of providing security services. PASSED and ADOPTED this 27th day .f September, 1' `5. A A O7 ATTEST: /ITY CLE K /djj FORM APPROV: j LEGAL D P . By f Date 3/22- L-S. • CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139 COMMISSION MEMORANDUM NO. 1 3/ -(l S TO: Mayor Seymour Gelber and Members of the City Commission DATE: September 27, 1995 FROM: Jose Garcia-Pedrosa City Manager SUBJECT: A RESOLUTION OPTING: 1) THE AD VALOREM MILLAGE OF 1.116 MILLS FOR THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT, WHICH IS A HALF OF A PERCENT(0.5%)GREATER THAN THE "ROLLED-BACK" RATE OF 1.110 MILLS, FOR FISCAL YEAR 1995/96. RECOMMENDATION: The Administration recommends that the City Commission,acting in its capacity as the Board of Directors for the Normandy Shores Local Government Neighborhood Improvement District, adopt the attached Resolution which sets the following: 1) Final adopted millage rate for FY 1995/96 Normandy Shores 1.116 mills (1.117 last year) 2) The adopted millage rate of 1.116 mills is 0.5%greater than the "rolled-back" rate of 1.110 mills. The first public hearing on the proposed millage rate and budget for FY 1995/96 was held at 6:00 P. M. Wednesday, September 13, 1995 in the City Commission Chambers, City Hall, 1700 Convention Center Drive. At the end of the public hearing,the recommended millage rates were tentatively adopted. 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 millage and budget of the principal taxing authority, i.e., City of Miami Beach. It also prescribes that a final millage be adopted first. This is accomplished by adopting a Resolution which states the percent increase or decrease over the "rolled-back" rate. • AGENDA ITEM — S- l DATE q-2:7' 1J Normandy Shores FY 1995/96 Final Millage Page Two September 27, 1995 The Resolution to adopt the final millage rate must be read,in its entirety,prior to adoption. Following this, another Resolution which adopts the Normandy Shores operating budget must be approved. (See accompanying Agenda Item R-3/S.2 for details). ANALYSIS The ad valorem millage recommended by the Administration is 1.116 mills to provide the level of security services required by this district. At this millage,no property owner's levy will exceed$500. This complies with a tenet agreed upon at inception of the district. This tax levy will generate proceeds of$52,225. The total operating budget to provide security services to this district for FY 1995/96 is $90,011. The balance of$37,786 is provided by a contribution from the General Fund. It must be noted that in accordance with State Statute,there is a 10 mill operating cap which cannot be exceeded without voter approval. Combining both millages from the dependent district(1.116)and the principal taxing authority(7.481)totals 8.597 mills,which is 1.403 mills less than the 10 mill cap. 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 a final millage. JGP:PFL:DJJ:me