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R7B1-Adopt Final Ad Valorem Millage - Normandy Shores Loc Gov NIDCOMMISSION ITEM SUMMARY lntended Outcome Su The FY 2015fi6 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 cunent 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 al95%, $147,000. The proposed rate of 1.0093 requires a majority approval (4 ot 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 2014115. The rolled-back millage rate tax levy would generate proceeds of $152,537. The difference between the cunent service level and rolled-back rate levy is $2,099. The first public hearing on the District's tentative millage rate and budget for FY 2015116 was held on September 10, 2015. The millage rate presented herein is that which was tentatively adopted at the end of the first public hearing held on that day. Amount Account 't 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 tax 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%). Condensed Title: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL 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 (1.4o/o) MORE THAN THE "ROLLED-BACK" RATE oF 0.9956 M|LLS. 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 Summarv/Recommendation : Normandy Shores Local Government Neighborhood lmprovement Board meetings on April 13"', June MIAMIBHACH.Rw 239 I -e. -f. @r^-^- 1915.2015 TO: FROM: Cify of Miomi Beoch, 1700 Convention Center Drive, Miomi Beoch, Florido 331 39, www.miomibeochfl.gov COMMISS MEMORANDUM Mayor Philip Levine and Members Jimmy L. Morales, City Manager DATE: September 30, 2015 SUBJECT: A RESOLUTION OF THE D OF DIRECTORS OF THE NORMANDY ADOPTTNG THE FINAL AD VALOREM MILLAGE RATE OF 1.0093 MILLS FOR FrscAL YEAR (FY) 201s116 FOR THE NORMANDY SHORES LOCAL GOVERNMENT DISTRICT, WHICH IS ONE AND FOUR TENTHS PERCENT (1.4o/.1MORE THAN THE "ROLLED-BACK" RATE OF 0.9956 MILLS. 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 final 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 final adopted millage rate of 1.0093 mills is 1.4o/o rnoe than the "Rolled-Back" Rate of 0.9956 mills. The first public hearing on the tentative District millage rate and budget for FY 2015/16 was held on September 10,2015. The millage rate herein is that which was tentatively adopted at the end of the first public hearing on that day. 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 2015116 represents it twenty-second year of operation. 240 FY 2015/16 Normandy Shores Final Millage Rate September 30, 2015 Page 2 of 4 The District was established by Ordinance 93-2881, and has the authority "fo 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. 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, and the date, time, and place of the second public hearing scheduled to adopt the final millage. Following this, another Resolution which adopts the final 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 $1 34,363,1 96 (14.0 percent) and an increase of 14.4 percent over 201 5'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. 241 FY 2015/16 Normandy Shores Final Millage Rate September 30,2015 Page 3 of 4 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 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. 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. . 9l!!-on-!!: A two-thirds approval (5 of 7 votes) of the Commission is required to approve a millage up to 1.1606 (equivalent to a 10% increase in Property Tax revenues above Option l). . 9I!!g!--!!!: 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 maioritv approval (4 of 7 votes) of the Commission. tt 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 millcap. The first public hearing on the tentative District millage rate and budget for FY 2015/16 was held on September 10,2015. The millage rate herein is that which was tentatively adopted at the end of the first public hearing on that day. 242 FY 2015/16 Normandy Shores Final Millage Rate September 30, 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 final millage. JLM/J&> 243 RESOLUTION NO. A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL AD VALOREM MTLLAGE OF 1.0093 MILLS FOR FTSCAL YEAR (Fy) 2015/16 FOR THE NORMANDY SHORES LOCAL GOVERNMENT DISTRICT, WHICH !S oNE AND FOUR TENTHS PERCENT (1.4%l MORE THAN THE..ROLLED.BACK" RATE OF 0.9956 MILLS. 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 NormandyShores LocalGovernment Neighborhood lmprovement District (District); and WHEREAS, Section 200.065, Florida Statutes, specifies the method by which 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 5/7'n'vote; and WHEREAS, on July 31,2015, the City Commission, acting as the Board of Directors of the District, following a 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 Statues, 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; and WHEREAS, accordingly, on September 30,2015, pursuant to Section 200.065 of the Florida Statues, the City Commission, acting as the Board of Directors of the District, held its second duly noticed public hearing to consider the FinalAd Valorem Millage and Final Operating Budget (FY 2015/16) for the District. NOW, THEREFORE, BE IT DULY RESOLVED BYTHE BOARD OF DIRECTORS OF THE NORMAN DY SHORES LOCAL GOVERN M ENT N EIGH BORHOOD IM PROVEM ENT DISTRICT, that, following a duly noticed public hearing on September 30, 2015, the Board hereby adopts the Final Operating Millage rate of 1.0093 mills for the District for FY 2015116, which is one and four tenths percent (1.4%) more than the "Rolled-back" rate of 0.9956 mills. PASSED and ADOPTED this 30th day of September 2015. 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