Loading...
HomeMy WebLinkAbout2005-25996 Reso RESOLUTION NO. 2005-25996 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE TENTATIVE OPERATING BUDGET FOR FISCAL YEAR 2005/06 SUBJECT TO A SECOND PUBLIC HEARING SCHEDULED ON WEDNESDAY, SEPTEMBER 21,2005 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) 2005/06 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 8, 2005, pursuant to Section 200.065 of the Florida Statutes, a public hearing was held before the Mayor and City Commission, acting as the Board, to discuss the operating millage rate and operating budget for the District for FY 2005/06. 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 2005/06 as summarized herein and listed below subject to a second public hearing scheduled on Wednesday, September 21,2005 at 5:02 P.M.: Revenues Ad Valorem Tax City's General Fund Total $ 83,702 45.131 $128.833 Expenses Security Service / / Maintenance / T Ita I $107,191 21.642 $128.833 PASSED and ADOPTED this ATTES,T: ~~r~ David Dermer Secretary to the District Robert Parcher APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION ~ 'J/L~- Date CITY OF MIJ.\MI BEACH COMMISSION ITEM SUMMARY m Condensed Title: A resolution adopting the tentative operating budget for the Normandy Shores Local Government Neighborhood Improvement District for Fiscal Year 2005/06 subject to a second public hearing scheduled on Wednesday, September 21 , 2005 at 5:02 p.m. Issue: Shall the Mayor and City Commission, acting in its capacity as the Board of Directors for the Normandy Shores Local Government Neighborhood Improvement District, approve the tentative operating budget for the District for Fiscal Year 2005/06 in the amount of $128,833 subject to a second Public Hearing scheduled on Wednesday, September 21,2005, 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 2005/06 subject to a second Public Hearin scheduled on Wednesda ,Se tember 21,2005, at 5:02 P.M. Advisory Board Recommendation: I Financial Information: Source of Funds: Normandy Shores District General Fund [W Finance Dept. City Clerk's Office Legislative Tracking: I AGENDA ITEM DATE RIB2- c;-t~ CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 http:\\ci.miami-beach.fI.us COMMISSION MEMORANDUM FROM: Mayor David Dermer and Members of the City Commission Jorge M. Gonzalez \ ~ City Manager 0 DATE: September 8,2005 TO: SUBJECT: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE TENTATIVE OPERATING BUDGET FOR FISCAL YEAR 2005/06 SUBJECT TO A SECOND PUBLIC HEARING SCHEDULED ON WEDNESDAY, SEPTEMBER 21,2005 AT 5:02 P.M. ADMINISTRATION RECOMMENDATION Adopt the Resolution which establishes the tentative operating budget for the District for Fiscal Year (FY) 2005/06 in the amount of $128,833, subject to a second public hearing to be held on Wednesday, September 21, 2005. 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 2005/06 represents its twelfth 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 2005/06 Tentative Budget September 8, 2005 Page Two 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 District has been adopted (See accompanying Agenda Item R7B 1 for details). ANALYSIS The tentative operating budget for the District is as follows: Revenues Ad Valorem Tax City's General Fund Total $ 83,702 45.131 $128.833 Expenses Security Service Maintenance Total $107,191 21.642 $128.833 At the July 27, 2005 Commission meeting, the Mayor and City Commission adopted Resolution 2005-25972, which set the operating millage rate for the District at 0.814 mills. The tentative ad valorem millage recommended by the Administration is 0.814 mills to provide the current level of security required by this district. This tax levy will generate proceeds of $83,702. The total operating budget to provide security services to this district is $128,833. 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 $45,131 or 35% of the total operating budget. The General Fund has funded this difference for each of the eleven years since the District was established. The amount provided by the General Fund for this purpose in FY 2004/05 was $44,362. 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 %'