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HomeMy WebLinkAboutResolution 2025-34050RESOLUTION NO. 2025-34050 A RESOLUTION OF THE MAYOR AND CITY COMMISSION APPROVING THE MIAMI BEACH HOMESTEAD RELIEF PROGRAMS, PROVIDING A ONE-TIME $500 PAYMENT TO THE OWNER(S) OF EACH HOMESTEADED PARCEL (LIMITED TO ONE PAYMENT PER PARCEL) AND APPROPRIATING $6.53 MILLION FOR THE ACQUISITION OF 7605 COLLINS AVENUE FROM THE BUILDING DEPARTMENT; AND WAIVING THE REQUIREMENT OF RESOLUTION NO. 2002-24764 THAT YEAR-END SURPLUSES, AFTER FUNDING RESERVES, ARE TO BE TRANSFERRED TO THE CAPITAL RESERVE FUND. WHEREAS, at the Second Budget Hearing on September 30, 2025. the Mayor and City Commission, upon the recommendation of Commissioner Alex Fernandez, directed staff to develop a plan for distributing $11,000,000 of Fiscal Year 2025 projected surplus funds to residents and to bring the item forward for discussion at the October 29,2025 City Commission meeting; and WHEREAS, the Commission recognized the public benefits associated with government actions that protect and encourage permanent residents to remain to promote a city's stability and welfare; and WHEREAS, the Administration has developed a program for consideration by the City Commission that would provide a one-time $500 payment to the owner(s) of each homesteaded parcel (limited to one payment per parcel) (the "Miami Beach Homestead Relief Program"), with a total proposed allocation of $7,047,500; and WHEREAS, on February 20, 2002, the Mayor and City Commission adopted Resolution No. 2002-24764 that requires, in part, that year-end surpluses, after funding reserves, are to be transferred to the Capital Reserve Fund; and WHEREAS, the Commission would need to waive this financial policy in order to re- allocate the year-end surplus to the Miami Beach Homestead and Tenant Relief Programs; and WHEREAS, the Administration notes that between Fiscal Year 2023 and Fiscal Year 2025, fiscal year-end surpluses have contributed between 40% and 80% of the annual General Fund allocations for capital projects, serving as a critical source of funding; and WHEREAS, the Miami Beach Homestead Relief Program would be funded from legally available, unrestricted non -ad -valorem revenue sources including, without limitation, business tax receipts, fines and forfeitures, and interest earnings from non -ad -valorem sources, which non -ad valorem sources have not been collected to fund specific services or improvements that benefit property; and WHEREAS, the Miami Beach Homestead Relief Program is intended to provide financial relief to homesteaded property owners who are permanent residents of the City of Miami Beach; and WHEREAS, the Administration recommends that each of the 14,095 homesteaded parcels (which excludes 11 parcels noted as vacant land and vacant extra features other than parking) receive a one-time check in the amount of $500 with the program costing $7,047,500, and that any check not deposited by September 30, 2027 would be voided and returned to the City; and WHEREAS, included within the City Commission's statement of public purpose for this Homestead Relief Program is the objective of providing homesteaded property owners with a one-time payment to manage increasing housing costs thus ensuring housing stability, while the City continues its efforts to develop more permanent solutions for addressing rising property values and financial burdens on homeowners; and WHEREAS, all qualified homesteaded parcels listed in the tax roll provided by the Miami - Dade Property Appraiser's Office as of October 6, 2025 would be eligible for the program; and WHEREAS, previously, on June 25, 2025, the Mayor and City Commission had unanimously adopted Resolution No. 2025-33799, sponsored by Commissioner Alex Fernandez, establishing a policy during the 2026 budget process than any available year-end general fund surplus be used toward the $6.53 million of necessary for the acquisition of the City -owned property at 7605 Collins Avenue from the Building Department for general municipal purposes, subject to compliance with any established City policies regarding reserves; and WHEREAS, the intragovernmental transfer from the General Fund to a proprietary fund necessary to accomplish this acquisition aligns with community input that prime oceanfront property surrounded by parkland should serve a broader public purpose rather than function as administrative office space. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission approve the Miami Beach Homestead and Tenant Relief Programs, providing a one- time $500 payment to the owner(s) of each homesteaded parcel (limited to one payment per parcel), with a total proposed allocation of $7,047,500 and appropriate $6.53 million for the acquisition of 7605 Collins Avenue from the Building Department; and waive the requirement of Resolution No. 2002-24764 that year-end surpluses, after funding reserves, are to be transferred to the Capital Reserve Fund. PASSED AND ADOPTED this f day of December 2025. ATTEST: ............;yc„ Or I . IINCp Rp OP.AIED^'; '*.3. •p;'Steven Meiner, Mayor Rafael E. Granado, City Clerk DEC 2 3 2025 (Sponsored by Commissioner Alex J. Fernandez, Mayor Steven Meiner, APPROVED AS TO Commissioner Tanya K. Bhatt, FORM & LANGUAGE Commissioner Laura Dominguez, & FOR EXECUTION Commissioner Joseph Magazine, Commissioner Monica Matteo-Salinas, and Iz) zz j zoLA^ Commissioner David Suarez) CRY Atim" Daw Resolutions - R7 S MIAMI BEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Eric Carpenter, City Manager DATE: December 17, 2026 TITLE: A RESOLUTION OF THE MAYOR AND CITY COMMISSION APPROVING THE MIAMI BEACH HOMESTEAD AND TENANT RELIEF PROGRAMS, PROVIDING A ONE-TIME $500 PAYMENT TO THE OWNER(S) OF EACH HOMESTEADED PARCEL (LIMITED TO ONE PAYMENT PER PARCEL), AND PROVIDING A ONE-TIME $500 PAYMENT TO ONE ELIGIBLE TENANT PER RENTAL UNIT, WITH A TOTAL PROPOSED ALLOCATION FOR BOTH PROGRAMS AMOUNTING TO $11,000,000; AND WAIVING THE REQUIREMENT OF RESOLUTION NO. 2002-24764 THAT YEAR-END SURPLUSES, AFTER FUNDING RESERVES, ARE TO BE TRANSFERRED TO THE CAPITAL RESERVE FUND. The City Administration recommends that the Mayor and City Commission approve the Miami Beach Homestead and Tenant Relief programs which protect and encourage permanent residents to remain to promote the City's stability and welfare. The Homestead Relief program would provide a one-time $500 payment to the owner(s) of each of the 14,095 homesteaded parcels (limited to one payment per parcel), totaling $7,047,500. The Miami Beach Tenant Relief Program would provide a one-time $500 payment to one eligible tenant per rental unit, up to $3,952,500. Together, the total proposed allocation for both programs is $11,000,000. At the Second Budget Hearing on September 30, 2025, the Mayor and City Commission, upon the recommendation of Commissioner Alex Fernandez, directed staff to develop a plan for distributing $11,000,000 of Fiscal Year 2025 projected surplus funds to residents and to bring the item forward for discussion at the October 29,2025 City Commission meeting, ANALYSIS Pursuant to Resolution No. 2002-24764, adopted by the Mayor and City Commission on February 20, 2002 year-end surpluses, after funding reserves, are to be transferred to the Capital Reserve Fund. The Commission would need to waive this financial policy in order to re -direct the capital funding to the resident relief programs. It is worth noting that between FY 2023 and FY 2025, year-end surpluses have contributed between 40% and 80% of the annual General Fund allocations for capital projects, serving as a critical source of funding. At the Second Budget Hearing on September 30, 2025, the Mayor and City Commission focused their discussion on providing relief to two primary groups: homesteaded property owners and tenants. The Commission highlighted the public benefits associated with government actions that protect and encourage permanent residents to remain to promote a city's stability and welfare. 2766 of 3458 Besides the recommended programs below, the Commission could decide to provide relief funding to all Miami Beach property owners, of which there are 56,212 parcels, which would equal a payment of approximately $195 per property. The following are two separate programs that the Administration is recommending implementing to distribute $11,000,000 to residents. The programs would be funded from legally available non - ad -valorem revenues such as business tax receipts, fines and forfeitures, franchise taxes, utility taxes, and interest earnings from non -ad -valorem sources, etc. Miami Beach Homestead Relief Program The Miami Beach Homestead Relief Program is intended to provide financial relief to homesteaded property owners who are permanent residents of the City of Miami Beach. In order to fund this program, the Administration recommends that each of the 14,095 homesteaded parcels (which excludes 11 parcels noted as vacant land and vacant extra features other than parking) receive a one-time check in the amount of $500. All qualified homesteaded parcels as of January 2, 2025, listed in the lax roll provided by the Miami -Dade Property Appraiser's Office on October 6, 2025 would be eligible for the program. This would cost $7,047,500. The cost to implement this program is estimated at $20,000 for the purchase of check stock, toner, postage and some temporary staff. This amount would be included in the November year-end budget amendment to be considered on November 20, 2025. It is expected that the program could be implemented with 90 days of the funding appropriation. Any check not deposited by September 30, 2027 would be voided and returned to the City. Miami Beach Tenant Relief Program The Miami Beach Tenant Relief Program will be designed to provide financial relief to income - qualified tenants who reside in the City of Miami Beach as of October 29, 2025. This program will support tenants whose household income is at or below 140% of the Area Median Income (AMI), as defined by federal guidelines, during the eligibility period from the present date through the end of the fiscal year on September 30, 2026. The Miami Beach Tenant Relief Program will provide a one-time $500 payment to one eligible tenant per rental unit. In order to quality, applicants must: • Bea current resident of Miami Beach; • Provide valid government -issued identification that matches the address listed on their current lease agreement; and • Submit a copy of their 2024 or 2025 federal income tax return to verify income eligibility. Appointments to present documentation and complete the application process will be required and may be scheduled through our online appointment portal. For residents who are unfamiliar or uncomfortable using computers, Office of Housing and Community Services staff will be available to assist with scheduling appointments, either in person or by phone. Appointments will be offered on weekdays, evenings, and weekends to ensure broad access and flexibility for working residents. To implement and operate the program over the next 10 months, the City will utilize existing in- house staff as internal match support. However, to fully support operations, an additional $60,000 is needed to hire temporary staff. These temporary team members will assist with document 2767 of 3458 intake, eligibility verification, and resident support throughout the duration of the program. This amount would be included in the November year-end budget amendment to be considered on November 20, 2025. The Commission could consider utilizing a 120% AMI threshold for the first 6 months of the program (April 30, 2026) and then expand to 140% AMI through the end of the fiscal year if funds remain available. FISCAL IMPACT STATEMENT The Financial Impact will be $11,000,000 plus $80,000 to implement the program. Funds would be appropriated at the November 20, 2025 Special Commission meeting for the final Fiscal Year 2025 budget amendment. Does this Ordinance require a Business Impact Estimate? (FOR ORDINANCES ONLY) N applicable, the Business Impact Estimate (BIE) was published on: See BIE at: https:fhvw .miamibeachf.gov/city-hall/cityclerk/meetinu-notices! FINANCIAL INFORMATION TBD during the final Fiscal Year 2025 budget amendment. CONCLUSION The City Administration recommends that the Mayor and City Commission approve the Miami Beach Homestead and Tenant Relief programs which protect and encourage permanent residents to remain to promote the City's stability and welfare. Applicable Area Citywide Is this a "Residents Right to Know" item, Is this item related to a G.O. Bond pursuant to City Code Section 2-17? Project? Yes No Was this Agenda Item initially requested by a lobbyist which, as defined in Code Sec. 2-481, includes a principal enaaged in lobbyina? No If so, specify the name of lobbyist(s) and principal(s): Department Finance Sponsor(s) Commissioner Alex Fernandez 2768 of 3458 Mayor Steven Meiner Commissioner Tanya K. Bhatt Commissioner Laura Dominguez Commissioner Joseph Magazine Co-sponsor(s) Condensed Title Approve MB Homestead and Tenant Relief Programs. (AF/SM/TB/LD/JM) FN Previous Action (For City Clerk Use Only) 2769 of 3458 Resolutions - R7 ((item.number)) MIAMI BEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Eric Carpenter, City Manager DATE: October 29, 2025 TITLE: A RESOLUTION OF THE MAYOR AND CITY COMMISSION APPROVING THE MIAMI BEACH HOMESTEAD AND TENANT RELIEF PROGRAMS, PROVIDING A ONE-TIME $500 PAYMENT TO THE OWNER(S) OF EACH HOMESTEADED PARCEL (LIMITED TO ONE PAYMENT PER PARCEL), AND PROVIDING A ONE-TIME $500 PAYMENT TO ONE ELIGIBLE TENANT PER RENTAL UNIT, WITH A TOTAL PROPOSED ALLOCATION FOR BOTH PROGRAMS AMOUNTING TO $11,000,000; AND WAIVING THE REQUIREMENT OF RESOLUTION NO. 2002-24764 THAT YEAR-END SURPLUSES, AFTER FUNDING RESERVES, ARE TO BE TRANSFERRED TO THE CAPITAL RESERVE FUND. RECOMMENDATION The City Administration recommends that the Mayor and City Commission approve the Miami Beach Homestead and Tenant Relief programs which protect and encourage permanent residents to remain to promote the City's stability and welfare. The Homestead Relief program would provide a one-time $500 payment to the owner(s) of each of the 14,095 homesteaded parcels (limited to one payment per parcel), totaling $7,047,500. The Miami Beach Tenant Relief Program would provide a one-time $500 payment to one eligible tenant per rental unit, up to $3,952,500. Together, the total proposed allocation for both programs is $11,000.000. At the Second Budget Hearing on September 30, 2025, the Mayor and City Commission, upon the recommendation of Commissioner Alex Fernandez, directed staff to develop a plan for distributing $11,000,000 of Fiscal Year 2025 projected surplus funds to residents and to bring the item forward for discussion at the October 29,2025 City Commission meefing. ANALYSIS Pursuant to Resolution No. 2002-24764, adopted by the Mayor and City Commission on February 20, 2002 year-end surpluses, after funding reserves, are to be transferred to the Capital Reserve Fund. The Commission would need to waive this financial policy in order to allocate the year-end surplus to the resident relief programs. It is worth noting that between FY 2023 and FY 2025, year-end surpluses have contributed between 40% and 80% of the annual General Fund allocations for capital projects, serving as a critical source of funding. At the Second Budget Hearing on September 30, 2025, the Mayor and City Commission focused their discussion on providing relief to two primary groups: homesteaded property owners and residential tenants. The Commission recognized the public benefits associated with government actions that protect and encourage permanent residents to remain to promote a city's stability and welfare. 2770 of 3458 Besides the recommended programs below, the Commission could decide to provide relief funding to all Miami Beach property owners, of which there are 56,212 parcels, which would equal a payment of approximately $195 per property. The following are two separate programs that the Administration is recommending implementing to distribute $11,000,000 to residents. The programs would be funded from legally available unrestricted non -ad -valorem revenues including, but not limited to business tax receipts, fines and forfeitures, and interest earnings from non -ad -valorem sources which non -a' valorem sources have not been collected to fund specific services or improvements that benefit property. Miami Beach Homestead Relief Program The Miami Beach Homestead Relief Program is intended to provide financial relief to homesteaded property owners who are permanent residents of the City of Miami Beach. Included within the City Commission's statement of public purpose for this Homestead Relief Program is the objective of providing homesteaded property owners with a one-time payment to manage increasing housing costs thus ensuring housing stability, while the City continues its efforts to develop more permanent solutions for addressing rising property values and financial burdens In order to fund this program, the Administration recommends that each of the 14,095 homesteaded parcels (which excludes 11 parcels noted as vacant land and vacant extra features other than perking) receive a one-time check in the amount of $500. All qualified homesteaded parcels as of January 2, 2025, listed in the tax roll provided by the Miami -Dade Property Appraiser's Office on October 6, 2025 would be eligible for the program. This would cost $7,047,500. The cost to implement this program is estimated at $20,000 for the purchase of check stock, toner, postage and some temporary staff. This amount would be included in the November year-end budget amendment to be considered on November 20, 2025. It is expected that the program could be implemented with 90 days of the funding appropriation. Any check not deposited by September 30, 2027 would be voided and returned to the City. Miami Beach Tenant Relief Program The Miami Beach Tenant Relief Program will be designed to provide financial relief to income - qualified tenants who reside in the City of Miami Beach as of October 29, 2025. Included within the City Commission's statement of public purpose for this Tenant Relief Program is the objective of fostering housing stability and affordability for qualified low- and moderate -income individuals and families by helping them reduce housing -related financial burdens and related housing costs This program will support tenants whose household income is at or below 140% of the Area Median Income (AMI), as defined by federal guidelines, during the eligibility period from the present date through the end of the fiscal year on September 30, 2026. The Miami Beach Tenant Relief Program will provide a one-time $500 payment to one eligible tenant per rental unit. In order to qualify, applicants must • Bea current resident of Miami Beach; • Provide valid government -issued identification that matches the address listed on their current lease agreement; and • Submit a copy of their 2024 or 2025 federal income tax return to verify income eligibility. Appointments to present documentation and complete the application process will be required and may be scheduled through our online appointment portal. For residents who are unfamiliar or uncomfortable using computers. Office of Housing and Community Services staff will be 2771 of 3458 available to assist with scheduling appointments, either in person or by phone. Appointments will be offered on weekdays, evenings, and weekends to ensure broad access and flexibility for working residents. To implement and operate the program over the next 10 months, the City will utilize existing in- house staff as internal match support. However, to fully support operations, an additional $60,000 is needed to hire temporary staff. These temporary team members will assist with document intake, eligibility verification, and resident support throughout the duration of the program. This amount would be included in the November year-end budget amendment to be considered on November 20, 2025. The Commission could consider utilizing a 120% AMI threshold for the first 6 months of the program (April 30, 2026) and then expand to 140% AM[ through the end of the fiscal year if funds remain available. FISCAL IMPACT STATEMENT The Financial Impact will be $11,000.000 plus $80,000 to implement the program. Funds would be appropriated at the November 20, 2025 Special Commission meeting for the final Fiscal Year 2025 budget amendment. Does this Ordinance require a Business Impact Estimate? (FOR ORDINANCES ONLY) If applicable, the Business Impact Estimate (BIE) was published on: See BIE at: https://www.miamibeachff.00vlcity-hallicity-clerk/meetinu-notices/ FINANCIAL INFORMATION TBD during the final Fiscal Year 2025 budget amendment. CONCLUSION The City Administration recommends that the Mayor and City Commission approve the Miami Beach Homestead and Tenant Relief programs which protect and encourage permanent residents to remain to promote the City's stability and welfare. Applicable Area Citywide Is this a "Residents Riaht to Know" item. Is this item related to a G.O. Bond Pursuant to City Code Section 2.177 Protect? Yes No Was this Agenda Item initially requested by a lobbyist which, as defined in Code Sec. 2-481. includes a principal enaaaed in lobbying? No If so, specify the name of lobbyist(s) and principal(s): 2772 of 3458 Finance G Soonaortal Commissioner Alex Fernandez Mayor Steven Meiner Commissioner Tanya K. Bhatt Commissioner Laura Dominguez Commissioner Kristen Rosen Gonzalez Commissioner Joseph Magazine Co-soonsorta) Condensed Title Approve MB Homestead and Tenant Relief Programs. (AFISMfTBILD/KRGIJM) FN Previous Action (For City Clark Use Only) 2773 of 3458