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R7G-Set Proposed Millage Rate For Normandy Shores Neighborhood Improvement DistrCondensed Title: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NETGHBORHOOD TMPROVEMENT D|STRTCT SETTTNG 1) THE PROPOSED GENERAL OPERATING MILLAGE RATE FOR THE NORMANDY SHORES NEIGHBORHOOD IMPROVEMENT DISTRICT; 2) THE CALCULATED ROLLED-BACK RATE; AND, 3) THE DATE, TIME AND PLACE OF THE FIRST PUBLIC HEARTNG TO CONSTDER THE OPERATTNG MTLLAGE RATE AND BUDGET FOR FISCAL YEAR (FY) 2014115; FURTHER AUTHORIZING THE CITY MANAGER TO TMNSMIT THIS INFORMATION TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER IN THE FORM REQUIRED BY SECTION 200.065, FLORIDA STATUTES COMMISSION ITEM SUMMARY lntended Outcome FS 200.065, entifled "Method of Fixing Millage" establishes specific guidelines that must be used by all local govemment entities, including dependent taxing districts like Normandy Shores in setting its millage (property tax) rates. Not unlike its principal taxing authority (City of Miami Beach), Normandy Shores is also required to transmit within 35 days from receipt of the Certification of Taxable Value (received July 1,2014), to the Miami-Dade County Property Appraiser, a proposed operating millage rate, the calculated rolled-back rate and the date, time, and place of the first public hearing to consider the proposed operating millage rate and tentative budget for FY 2014t15. The proposed FY 2014115 current service level (CSL) budget is $222,000. The CSL budget provides for continual 24-hour security and includes two line items which were requested and approved by the Normandy Shores Neighborhood District Homeowners'Association on July 1'1,2014. These include $10,000 for security camera upgrades to the North Shore-Fairway entrance; and $10,000 for potential additional costs related to the security gate project. The proposed budget is 1% ($3,000) lower than the FY 2013114 adopted budget. The proposed ad valorem millage recommended by the Administration is 1.1305 mills. This millage rate will fund the cunent service level budget for the district. This millage rate is 0.1382 mills (10.7o/o) lower than the FY 2013114 adopted millage of 1 .2687 . This tax levy would generate proceeds of $1 51 ,900 ($144,300 at 95%). The FY 2014115 proposed millage rate will require a majority vote. The rolled-back rate is the millage rate required to produce the same level of propefi tax revenue on FY 2014115 as collected inFY 2O13114. The rate is calculated as 1.1391, or 0.1296 mills less than the millage rate adopted for FY 2013114. The rolled-back millage rate tax levy would generate proceeds of $153,059. The difference between the cunent service level and rolled-back rate levy is $1,165. Advisorv Board Recommendation : Financial lnformation: Source of Funds: 7f-@ Amount Account 1 2 OBPI Total Financial lmpact Summary The July 1,2014, Certification of Taxable Value from the Miami-Dade Property Appraiser reflects a 10.7 percent increase in property tax values from the July 1, 2013, tax roll certification. The proposed millage rate for the FY 2014115 budget results in property taxes of $151,900 in the Normandy Shores Neighborhood District Homeowners' Association. Ensure expenditure trends are sustainable over the long term. Supporting Data (Surveys, Environmental Scan, etc.): ln the 20'14 Community Survey, both residents and businesses reported the following areas for the City to address in an effort to improve public safety:o Neighborhood safety during the day (Residents: 98%) o Neighborhood safety during the evening/night (Residents: 88%) Item Summarv/Recommendation : Clerk's Office Assistant Gity Manager R7U 7 -23-lu# MIAMIBHACH 884 g MIAMIBEACH City of Miomi Beoch, I700 Convention Center Drive, Miomi Beoch, Florido 33139, www.miomibeochfl.gov COMMISSION MEMORANDUM TO: FROM: DATE: SUBJECT: SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT SETTING 1) THE PROPOSED GENERAL OPERATING MILLAGE RATE FOR THE NORMANDY SHORES NEIGHBORHOOD IMPROVEMENT DISTRICT; 2) THE CALCULATED ROLLED.BACK RATE; AND, 3) THE DATE, TIME AND PLACE OF THE FIRST PUBLIC HEARING TO CONSIDER THE OPERATING MILLAGE RATE AND BUDGET FOR FISCAL YEAR (FY) 2014115; FURTHER AUTHORTZING THE CITY MANAGER TO TRANSMIT THIS INFORMATION TO THE MIAM!.DADE COUNW PROPERTY APPRAISER !N THE FORM REQUIRED BY SECTION 200.065, FLORIDA STATUTES ADMINISTRATION RECOMM ENDATION The Administration recommends that the Mayor and City Commission, acting in its capacity as the Board of Directors for the Normandy Shores Local Government Neighborhood lmprovement District, adopt the attached resolution which authorizes the City Manager to transmit the following information to the Miami-Dade County Property Appraiser: 1) Proposed Millage Rate for the Normandy Shores Neighborhood lmprovement District for FY 2014115: Mayor Philip Levine and Jimmy Morales, City Manager July 23,2014 A RESOLUTION OF THE of the citv donnission General Operating 2) "Rolled-Back" Rate (Truth in Millage) OF DIRECTORS OF THE NORMANDY 1.1305 mills (0.1382 decrease from last year) 1.1391 mills 3) The first public hearing to consider the proposed Normandy Shores Neighborhood lmprovement District operating millage rate and tentative budget for FY 2014115 shall be Wednesday, September 10, 2014 at 5:02 p.m., in the City Commission Chambers, City Hall, 1700 Convention Center Drive, Miami Beach, Florida. 885 FY 2014115 Normandy Shores Proposed Millage Rate July 23,2014 Page 2 oI 4 BACKGROUND The Normandy Shores Local Government Neighborhood lmprovement 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 2014/15 represents it twenty-first 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". 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 gate guard. This cost will eventually be funded from the golf course operation of the Normandy Shores Golf Course. lt was further agreed that the City would continue to supplement the District at current levels until both issues were resolved. On August 29, 2002, the Administration met with the Normandy Shores Local Government Neighborhood lmprovement 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. ANALYSIS On July 1, 2014, the City received the 2013 Certification of Taxable Value from the Property Appraiser's Office stating that the taxable value for Normandy Shores is $'134,363,196 which includes an increase of $91,358 in new construction, renovation, etc. The preliminary value represents an increase of $13,023,331 from the July 1,2013 Certification of taxable Value of $121 ,339,865 (10.7 percent) and an increase of 1 1 .5 percent over 2013's July 2013 value of $120,557,974. lt is important to note that the January 1,2013 tax roll for Normandy Shores decreased by almost $782,000 (0.6%) between the July 1, 2013 valuation and the July 1,2014, due to appeals, adjustments, etc. Current Service Level Budget The current service level budget reflects budget increases or decreases necessary to provide the current level of services in the coming year. The proposed FY 2014115 current service level budget is $222,000. This budget includes two line items which were requested and approved by the Normandy District Homeowners'Association on July 11,2014. These include $10,000 for security camera upgrades to the North Shore-Fairway entrance; and $10,000 for potential additional costs associated with the new gate. The budget is 1% ($3,OOO; lower than the FY 2013/14 adopted budget. The proposed ad valorem millage recommended by the Administration is 1.1305 mills. This millage rate will fund the current service level budget for the District. This millage rate is 0.1382 mills (10.7%) lowerthan the FY 2013114 adopted millage ot 1.2687. This tax levy would generate proceeds of $151,900, which will be budgeted al95o/o, $144,300. 886 FY 2014115 Normandy Shores Proposed Millage Rate July 23,2014 Page 3 of 4 Statutory Requirement FS 200.065, entitled "Method of Fixing Millage" establishes specific guidelines that must be used by all local government entities, including dependent taxing districts like Normandy Shores in setting its millage (property tax) rates. Not unlike its principal taxing authority (City of Miami Beach), Normandy Shores is also required to transmit within 35 days from receipt of the Certification of Taxable Value (received July 1 , 2014), to the Miami-Dade County Property Appraiser, a proposed operating millage rate, the calculated rolled-back rate and the date, time, and place of the first public hearing to consider the proposed operating millage rate and tentative budget for FY 2014115. The rolled-back rate is the millage rate required to produce the same level of property tax revenue on FY 2014115 as collected in FY 2013114. The rate is calculated as 1.1391, or 0.1296 mills less than the millage rate adopted for FY 2013114. The rolled-back millage rate tax levy would generate proceeds of $153,059. The difference between the current service level and rolled-back rate levy is $1,165. The adoption of the current service level millage of 1.1305 would require a majority vote of the Commission. After setting the proposed operating millage rate for Normandy Shores, the City Commission may, at any time prior to the final adoption, lower the millage rate; however any increase above the proposed millage rate of 1.1305, if adopted, would require an expensive mailing and advertising process to each property owner of Normandy Shores. Therefore, this proposed millage rate is viewed as the ceiling. 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 l: A majority of the approval of the Commission Millage is required to approve a millage up to 1 .1750 (equivalent to a 1.69% increase in Property Tax revenues). The 3.15o/o increase is the state per capita personal income gain for the prior calendar year. . Option ll: A two-thirds approval (5 of 7 votes) of the Commission is required to approve a millage up to 1.2925 (equivalent to a 10% increase in Property Tax revenues above Option l). . Option lll: A unanimous approval of the Commission or referendum is required to approve a millage above 1.2925 mills First Public Hearinq The first public hearing on the proposed operating millage rate and tentative budget for FY 2014115 must be held no later than 80 days (September 18th) or earlier than 65 days (September 3rd) from the start of the TRIM calendar (July 1st). Other guidelines are: 1) The public hearing cannot be scheduled on a Sunday or on those days utilized by Miami-Dade County or the Miami-Dade County School Board for their public hearing; 2) lf on a day other than Saturday, it must be held after 5:00 P.M.; and 3) must be held immediately following 887 FY 2014115 Normandy Shores Proposed Millage Rate July 23,2014 Page 4 of 4 discussion of the tentative millage and budget of its principal taxing authority (City of Miami Beach). Based on these guidelines, the first hearing must be held between September 3rd and September 18th. These dates are unavailable for the following reasons: September 7 and 14 Sundays September 4 and 18 Proposed dates for Miami-Dade County Public Hearing September 3 Miami-Dade County School Board Public Hearing Of the remaining days, it is recommended that the first public hearing be set for Wednesday, September 10, 2014 at 5:02 P.M., in the City Commission Chambers, City Hall, 1700 Convention Center Drive, immediately following the City of Miami Beach's public hearing. JLM:JW@ 888 RESOLUTION NO. A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NETGHBORHOOD IMPROVEMENT DISTRICT SETTING 1) THE PROPOSED GENERAL OPERATING MILLAGE RATE FOR THE NORMANDY SHORES NEIGHBORHOOD IMPROVEMENT DISTRICTi 2l THE CALCULATED ROLLED.BACK RATE; AND, 3) THE DATE, TIME AND PLACE OF THE FIRST PUBLIC HEARING TO CONSIDER THE OPERATING MILLAGE RATE AND BUDGET FOR FISCAL YEAR (FYl 201411s; FURTHER AUTHORIZING THE CITY MANAGER TO TRANSMIT THIS INFORMATION TO THE MIAMI.DADE COUNTY PROPERTY APPRAISER IN THE FORM REQUIRED BY SECTION 200.065, FLORIDA STATUTES. WHEREAS, Section 200.065, Florida Statutes, has specified the method by which municipalities may fix the operating millage rate and adopt an annual budget for dependent taxing districts; and WHEREAS, the Mayor and City Commission of the City of Miami Beach, acting as the Board of Directors of the Normandy Shores Local Government Neighborhood Improvement District propose that the District's General Operating Millage Rate be set at 1.1305 mills and that the Rolled-Back Rate be set at 1.1391 mills; and WHEREAS, the City of Miami Beach is required to advise the Miami- Dade County Property Appraiser of the Proposed Normandy Shores Neighborhood !mprovement District Operating Millage Rate, the Rolled-Back Rate, and the date, time, and place of the first public hearing. NOW THEREFORE, BE IT DULY RESOLVED BY THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT, that the following recommendations of the Administration be and are hereby ratified for transmittal to the Miami-Dade County Property Appraiser, as specified in Section 200.065, Florida Statutes: 889 1)Proposed Normandy Shores Local Government Neighborhood lmprovement District Operating Millage Rate for FY 2014115 Generat Operating "Rolled-Back Rate" ATTEST: RAPHAEL E. GRANADO, CITY CLERK 1.1305 mills 1.1391 mills2) 3)The first public hearing on the proposed Normandy Shores Local Government Neighborhood lmprovement District operating millage rate and tentative budget for FY 2014115 shall be held on Wednesday, September 10,2014 at 5:02 p.m., in the City Commission Chambers, City Hall, 1700 Convention Center Drive, Miami Beach, Florida. PASSED and ADOPTED this 23rd day of July, 2014 MAYOR PHILIP LEVINE Q*C,; City Attorney 890 THIS PAGE INTENTIONALLY LEFT BLANK 891