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R7B1-Adopt Tentative Ad Valorem Millage For Normandy Shores Loc Gov NIDCOMMISSION ITEM SUMMARY Condensed Title: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE TENTATIVE AD VALOREM MILLAGE RATE oF 1.0093 MTLLS FOR FTSCAL YEAR (FY) 2015t16 FOR THE NORMANDY SHORES LOCAL GOVERNMENT DtsTRtcT, wHtcH ts oNE AND FOUR TENTHS PERCENT (1.4%) MORE THAN THE "ROLLED-BACK', RATE OF 0.9956 MILLS SUBJECT TO A SECOND PUBLIC HEARING SCHEDULED ON WEDNESDAY, SEPTEMBER 30, 2015 AT 5:02 P.M. Kev Intended Outcome Supported: lncrease visibility of police; Maintain crime rates at or below national trends Supporting Data (Surveys, Environmental Scan, etc.): ln the 2014 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 Summary/Recommendation : FS 200.065, entitled "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 1,2015), 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 2015116. The FY 2015116 proposed budget is $226,000. This budget includes line items which were requested and approved by the Normandy District Homeowners' Association on July 17,2015. These include $10,000 for guard house upgrades and $3,700 for plastic poles and lines leading up to the guard gate. The budget is $4,000 (2%) higherthan the FY 2014115 adopted budget. The proposed ad valorem millage recommended by the Administration is 1.0093 mills. This millage rate will fund the current service level budget for the District as well as some remediation work to be performed on the guardhouse, as requested by the homeowners' association. This millage rate is 0.1212 mills (10.7%) lower than the FY 2014t15 adopted millage of 1.1305. This tax levy would generate proceeds of $154,636, which will be budgeted at 95%, $147,000. The proposed rate of 1.0093 requires a majority approval (4 of 7 votes) of the Commission. The rolled-back rate is the millage rate required to produce the same level of property tax revenue on FY 2015/16 as collected in FY 2014115. The rate is calculated as 0.9956, or 0.1349 mills less than the millage rate adopted for FY 2014t15. The rolled-back millage rate tax levy would generate proceeds of $152,537. The difierence between the cunent service level and rolled-back rate levy is $2,099. ttonnanOy Snores Local Government Neighborhood lmprovement Board meetings on April 13'n, June Source of Funds: ro@a Amount Account 1 2 Total Financial lmpact Summary The July 1,2015 Certification of Taxable Value from the Miami-Dade Property Appraiser reflects a 14.0 percent increase in property tax values from the July 1, 2014 lax roll certification. The proposed millage rate for the FY 2015116 budget results in property taxes of $154,636 in the Normandy Shores Neighborhood District Homeowner's Association ($147,000 at 95%). & MIAMIBUACil AGEf.lDAlTEfit '\ rI.'/l DATE g{O-IY167 1915.2015 TO: FROM: DATE: SUBJECT: the City OF DIRECTORS OF THE NORMANDY f"d\l, fr, fu; ziffiW #'n#Wla City of Miomi Beoch, 1700 Convention Center Drive, Miomi Beoch, Florido 33139, www.miomibeochfl.gov COMMISSION MEMORANDUM Mayor Philip Levine and Members Jimmy L. Morales, City Manager September 10,2015 A RESOLUTION OF THE SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE TENTATIVE AD VALOREM MILLAGE RATE OF 1.0093 MILLS FOR FTSCAL YEAR (Fy) 2015/16 FOR THE NORMANDY SHORES LOCAL GOVERNMENT DISTRICT, WHICH IS ONE AND FOUR TENTHS PERCENT (1.4o/ol MORE THAN THE "ROLLED-BACK" RATE OF 0.9956 MILLS SUBJECT TO A SECOND PUBLIC HEARING SCHEDULED ON WEDNESDAY, SEPTEMBER 30, 2015 AT 5:02 P.M. ADMINISTRATION RECOMMENDATION 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) The Tentatively Adopted Millage Rate for the Normandy Shores Neighborhood lmprovement District for FY 2015116 General Operating 1.0093 mills (0.1212 decrease from last year) 2) The second public hearing to consider the proposed Normandy Shores Neighborhood lmprovement District operating millage rate and final budget for FY 2015116 shall be Wednesday, September 10, 2015 al5:02 p.m., in the City Commission Chambers, City Hall, 1700 Convention Center Drive, Miami Beach, Florida. 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 2015/16 represents it twenty-second year of operation. 168 FY 2015/16 Normandy Shores Tentative Millage Rate September 10,2015 Page 2 of 4 The District 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 35o/o ol the operating budget of the District. 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 tentative millage be adopted first. This is accomplished by adopting a Resolution which states the percent increase or decrease over the "Rolled-back" rate, and the date, time, and place of the second public hearing scheduled to adopt the final millage. Following this, another Resolution which tentatively adopts the Normandy Shores District operating budget must be approved. (See accompanying District Budget Agenda item for details). The statute requires the name of the taxing authority, the rolled-back rate, the percentage increase, and the millage rate be publicly announced before adoption of the millage resolution. ANALYSIS On July 1, 2015, the City received the 2015 Certification of Taxable Value from the Property Appraiser's Office stating that the taxable value for Normandy Shores is $153,211,486 which includes an increase of $1,138,178 in new construction, renovation, etc. The preliminary value represents an increase of $18,848,290 from the July 1,2014 Certification of taxable value of $134,363,196 (14.0 percent) and an increase of 14.4 percent over 2015's July 2014 value of $133,926,705. lt is important to note that the January 1,2014 tax roll for Normandy Shores decreased by almost $436,491 (0.3%) between the July 1,2014 valuation and the valuation on July 1,2015, due to appeals, adjustments, etc. 169 FY 2015/16 Normandy Shores Tentative Millage Rate September 10,2015 Page 3 of 4 Current Service Levet 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 2015/16 current service level budget is $226,000. This budget includes line items which were requested and approved by the Normandy District Homeowners'Association on July 17,2015. These include $10,000 for guard house upgrades and $3,700 for plastic poles and lines leading up to the guard gate. The budget is $4,000 (2%) higher than the FY 2014115 adopted budget. The proposed ad valorem millage recommended by the Administration is 1.0093 mills. This millage rate will fund the current service level budget for the District as well as some remediation work to be performed on the guardhouse, as requested by the homeowners' association. This millage rate is 0.1212 mills (10.7%) lower than the FY 2014115 adopted millage of 1.1305. This tax levy would generate proceeds of $154,636, which will be budgeted at 95o/o, $1 47,000. The rolled-back rate is the millage rate required to produce the same level of property tax revenue on FY 2015116 as collected in FY 2014115. The rate is calculated as 0.9956, or 0.1349 mills less than the millage rate adopted for FY 2014115. The rolled-back millage rate tax levy would generate proceeds of $152,537. The difference between the current service level and rolled-back rate levy is $2,099. The adoption of the current service level millage of 1.0093 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 1.0093, 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 1.0551 (equivalent to a 1.96% increase in Property Tax revenues). The 1.960/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 1.1606 (equivalent to a 10o/o 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 1.1606 mills The proposed rate of 1.0093 requires a majority approval (4 of 7 votes) of the Commission. 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 (1.0093 and the principal taxing authority (5.9123) totals 6.9216 mills, which is 3.0784 mills less than the 10 mil! cap. 170 FY 2015/16 Normandy Shores Tentative Millage Rate September 10,2015 Page 4 of 4 CONCLUSION The City Commission, acting in its capacity as the Board of Directors of the District, should adopt the attached Resolution which establishes a tentative millage and schedules the second and final public hearing. JLM/JW@ 171 RESOLUTION NO. A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE TENTATIVE AD VALOREM MTLLAGE OF 1 .0093 MILLS FOR FISCAL YEAR (FY) 2015/16 FOR THE NORMANDY SHORES LOCAL GOVERNMENT DISTRICT, WHICH IS oNE AND FOUR TENTHS PERCENT (1.4%l MORE THAN THE .,ROLLED.BACK" RATE OF 0.9956 MILLS, SUBJECT TO A SECOND PUBLIC HEARING SCHEDULED ON WEDNESDAY, SEPTEMBER 30, 2015 AT 5:02 P.M. WHEREAS, for the purpose of providing security services within the Normandy Shores neighborhood area, the Mayorand City Commission adopted Ordinance No. 93-2881 on October 20, 1993, which authorized the creation of the Normandy Shores Local Government Neighborhood lmprovement District (District); and WHEREAS, Section 200.065, Florida Statutes, specifies the method bywhich municipalities may fix the operating millage rate and adopt an annual budget for dependent taxing districts; and WHEREAS, the maximum millage that can be approved by a simple majority (4/7) vote is 1.0551; anything beyond that requires a 5/7th'vote; and WHEREAS, on July 31,2015, the City Commission, acting as the Board of Directors of the District, following duly noticed public hearing, adopted Resolution 2015-29101 which set the proposed operating millage rate for the District at 1 .0093 mills for the purpose of providing security services within the District; and WHEREAS, accordingly, on September 10,2015, pursuant to Section 200.065 of the Florida Statutes, the City Commission, acting as the Board of Directors of the District, held its first duly noticed public hearing to consider the Tentative Ad Valorem Millage and Tentative Operating Budget (FY 2015/16) for the District. NOW THEREFORE, BE IT DULY RESOLVED BYTHE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT, that, following a duly noticed public hearing on September 10, 2015, the Board hereby adopts the Tentative Operating Millage rate of 1.0093 mills for the District for FY 2015116, which is one and four tenths percent (1.4o/o) more than the "Rolled-back" rate of 0.9956 mills, subject to a second public hearing scheduled on Wednesday, September 30,2015, at 5:02 P.M. PASSED and ADOPTED this 1Oth day of September, 2015. Chairperson of the District ATTEST: APPROVED AS TO FORM & LANGUAGE Secretary to the District 172 E# FEI Ei EEE Ef *fl IIgASEaE Eg g.nq €te t: E*s Er3g eeEB i*i *B B=t- E$ it g$ii :igc EE gE BEi=:EeEa;xEE[6fgflg;Efi$ffiss;u ;g3 Bg EE+H cE. 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