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97-22523 RESO RESOLUTION NO. 97-22523 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE TENTATIVE OPERATING BUDGET FOR FISCAL YEAR 1997/98 SUBJECT TO A SECOND PUBLIC HEARING AT 5:02 P.M., WEDNESDAY, SEPTEMBER 24,1997 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 continued purpose of providing security services within the District, a tentative budget has been developed to fund projected FY 1997/98 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 11, 1997, a public hearing was held before the Mayor and City Commission, acting as the Board, on the proposed operating millage rate and tentative operating budget for the District for FY 1997/98. NOW, THEREFORE BE IT DUL Y RESOLVED BY THE BOARD OF DIRECTORS OF THE NORMANDY SHORES NEIGHBORHOOD IMPROVEMENT DISTRICT, as follows: (1) That the Board hereby adopts the tentative operating budget for the Normandy Shores Local Government Neighborhood Improvement District for Fiscal Year 1997/98 as summarized herein and listed below: REVENUES Ad Valorem Tax City's General Fund Total $49,335 41.915 $91.250 EXPENSES Security Service Maintenance Utilities Other Operating Total $71,550 15,500 3,200 1.000 $91.250 (2) The second and final public hearing on the proposed budget for Fiscal Year 1997/98 shall be held at 5:02 P.M., on Wednesday, September 24, 1997 in the City Commission Chambers, City Hall, 1700 Convention Center Drive, Miami Beach, F~rida. PASSED and ADOPTED this ATTEST: ~6P~ CITY CLERK I I i APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION $::~- -'tv ~"omev ~ -cly-y 7 Date CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 http:\\ci.miami-beach.f1.us COMMISSION MEMORANDUM NO. /.007-" '1l FROM: Mayor Seymour Gelber and DATE: September 11, 1997 Members of the City Commission Jose Garcia-Pedrosa Ii City Manager A RESOLUTION OPTING THE TENTATIVE OPERATING BUDGET OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT FOR FISCAL YEAR 1997/98 SUBJECT TO A SECOND PUBLIC HEARING AT 5:02 P.M., WEDNESDAY, SEPTEMBER 24,1997 TO: SUBJECT: RECOMMENDATION: Adopt the Resolution which establishes the tentative operating budget for the District for Fiscal Year 1997/98, subject to a second public hearing on Wednesday, September 24, 1997. 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 tentative millage for Normandy Shores has been adopted. (See accompanying Agenda Item R- for details). ANALYSIS The tentative operating budget for the District is as follows: REVENUES Ad Valorem Tax Special Assessment Total $49,335 41.915 $91.250 EXPENSES Security Service Maintenance Utilities Other Operating Total $71,550 15,500 3,200 1.000 $91.250 AGENDA ITEM RlfS~ 1-/1..9t DATE Normandy Shores FY 1997/98 Tentative Budget Page Two September 11, 1997 The gap between the revenues which will be generated from ad-valorem tax proceeds and the total budgetary requirement of the District must be supplemented in the amount of$41,915 or 46% of the total operating budget. The General Fund has funded this gap for each of the three years since the District was established. The amount provided by the General Fund for this purpose in FY 1996/97 was $42,552. It is understood that the City cannot continue to subsidize this service, and to the extent possible, it should be self-supporting. Ordinance 93-2881, which established the District, authorizes the District to use special assessments, not to exceed $500 per parcel of property per year, to support planning and implementation of District improvements. Therefore, the Administration recommends that the shortfall of operating funds in the amount $41,915 be funded through this provision for special assessments at the rate of $120 per parcel for the fiscal year 1997/98. On July 16, 1997, the City Commission adopted Resolution 97-22487, setting the proposed operating millage rate for the District and, pursuant to Section 163.514(16), Florida Statutes, directed the City Clerk to take such steps as may be necessary to hold a special referendum for the purpose of authorizing a special assessment to raise $41,915 for operating purposes within the District for fiscal year 1997/98. 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 subject to a second and final public hearing. JGP:PDW:JC:KRW