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2004-25687 Reso RESOLUTION NO. 2004-25687 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE TENTATIVE OPERATING BUDGET FOR FISCAL YEAR 2004/05 SUBJECT TO A SECOND PUBLIC HEARING SCHEDULED ON TUESDAY, SEPTEMBER 28,2004 AT 5:02 P.M. 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 Normandy Shores Local Government Neighborhood Improvement District (District); and WHEREAS, for the purpose of providing security services within the District, a tentative budget has been developed to fund projected Fiscal Year (FY) 2004/05 operating expenses; and WHEREAS, the tentative operating budget has been reviewed by the Board of Directors of the District (Board) to assure its content and scope; and WHEREAS, on September 9,2004, a public hearing was held before the Mayor and City Commission, acting as the Board, on the tentative operating millage rate and operating budget for the District for FY 2004/05. NOW, THEREFORE BE IT DULY RESOLVED BY THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT, that the Board hereby adopts the tentative operating budget for the District for FY 2004/05 as summarized herein and listed below, subject to a second public hearing on Tuesday, September 28,2004 at 5:02 P.M. Revenues Ad Valorem Tax City's General Fund Total Expenses Security Service Add'l cameras & contingency Maintenance Total $ 92,301 44.362 $136.663 PASSED and ADOPTED this 9th day of September. 20 . ATTEST:~d' p~ Secretary to the District of the District APPROVED AS TO fORM & LANGUAGE & FOR EXECUTION ~ 0bl/tJ! I'm, CITY OF MIAMI BEACH COMMISSION 'ITEM SUMMARY lQ Condensed Title: A resolution adopting the tentative operating budget for the Normandy Shores Local Government Neighborhood Improvement District for Fiscal Year 2004/05 subject to a second public hearing scheduled on Tuesda ,Se tember 28, 2004 at 5:02 .m. Issue: Shall the Mayor and City Commission, acting in its capacity as the Board of Directors for the Normandy Shores Local Govemment Neighborhood Improvement District, approve the tentative operating budget for the District for Fiscal Year 2004/05 in the amount of $136,663 subject to a second Public Hearing scheduled on Tuesday, September 28,2004, at 5:02 P.M. Item Summa /Recommendation: The Administration recommends adopting the tentative operating budget for the Normandy Shores Local Government Neighborhood Improvement District for Fiscal Year 2004/05 subj~ct to a second Public Hearin scheduled on Tuesda ,Se tember 28, 2004, at 5:02 P.M. Advisory Board Recommendation: I Financial Information: Source of Funds: IFin$:J $92,301 44,362 Normandy Shores District General Fund $136,663 City Clerk's Office Legislative Tracking: I AGENDA ITEM DATE R1 f!> 2- q-9 -Of CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 WWV.J .ci .miami-beach. fl.us COMMISSION MEMORANDUM Subject: Mayor David Dermer and Date: September 9, 2004 Members of the City Commission Jorge M. GOnZalez. /\ .' ~ City Manager U .<./ 0 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE TENTATIVE OPERATING BUDGET FOR FISCAL YEAR 2004/05 SUBJECT TO A SECOND PUBLIC HEARING SCHEDULED ON TUESDAY, SEPTEMBER 28,2004 AT 5:02 P.M. To: From: ADMINISTRATION RECOMMENDATION Adopt the Resolution which establishes the tentative operating budget for the District for Fiscal Year (FY) 2004/05 in the amount of $136,663, subject to a second public hearing to be held on Tuesday, September 28, 2004. BACKGROUND The Normandy Shores Local Government Neighborhood Improvement 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 2004/05 represents its eleventh 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". However, on August 29, 2002, the Administration met with the Normandy Shores Local Government Neighborhood Improvement 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. 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 guard gate. This cost will eventually be funded from the golf course operation of the Normandy Shores Golf Course. The City Attorney's Office is reviewing the issue regarding the dependent status of the District. It was further agreed that the City would continue to supplement the District at current levels until both issues were resolved. Normandy Shores FY 2004/05 Tentative Budget September 9,2004 Page Two PROCEDURE The operating millage and budget for this dependent special taxing district must be adopted in accordance with the Florida Statutes. This procedure requires that this Resolution be considered immediately after the tentative millage for Normandy Shores District has been adopted (See accompanying Agenda Item R7B1 for details). ANAL YSIS The tentative operating budget for the District is as follows: Revenues Ad Valorem Tax City's General Fund Total $ 92,301 44.362 $136,663 Expenses Security Service Add'l cameras & contingency Maintenance Total $107,200 9,863 19.600 $ 136.663 At the July 28, 2004 Commission meeting, the Mayor and Commission adopted Resolution 2004-25633, which set the proposed operating millage rate for the District at 1.123 mills. The tentative ad valorem millage recommended by the Administration is 1.003 mills to provide the current level of security required by this district. This tax levy will generate proceeds of $82,438. The total operating budget to provide security services at the current service level to this district is $126,800. This is comparable to the current year end projections. The difference between the revenues which will be generated from ad- valorem tax proceeds and the total budgetary requirement of the district must be supplemented by a contribution from the General Fund in the amount of $44,362 or 35% of the total operating budget for current service levels. The General Fund has funded this difference for each of the ten years since the District was established. The amount provided by the General Fund for this purpose in FY 2003/04 was $44,042. In addition, a meeting was held on July 21,2004 between the Normandy Shores Local Government Neighborhood Improvement Committee and the Administration to discuss additional needs of the neighborhood. The Committee unanimously approved an increase to the budget of $9,863 to pay for additional security cameras and a small contingency. This additional amount will be paid by establishing the millage at the current rate of 1.123 which will generate revenues of $92,301. The difference between the recommended millage of 1.003 needed to fund current service levels and the 1.123 will generate $9,863 to pay for the security cameras and a small contingency. The District's budget will increase by $9,863 to $136,663. Normandy Shores FY 2004/05 Tentative Budget September 9,2004 Page Three 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 tentative operating budget and schedules the second and final public hearing. JMG:KGB:JC crt