HomeMy WebLinkAbout2006-26330 Reso
RESOLUTION NO. 2006-26330
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD
IMPROVEMENT DISTRICT ADOPTING THE FINAL AD VALOREM
MILLAGE RATE OF 0.338 MILLS FOR FISCAL YEAR 2006/07 FOR
THE NORMANDY SHORES LOCAL GOVERNMENT
NEIGHBORHOOD IMPROVEMENT DISTRICT, WHICH IS SIX
PERCENT (6.0%) GREATER THAN THE "ROLLED-BACK" RATE
OF 0.319 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 Normandy Shores Local Government
Neighborhood Improvement District (District); and
WHEREAS, the Ad Valorem millage rate assigned for the District amounts to 0.338
mills on all taxable and non-exempt real and personal property located within the boundaries
of the District for the purpose of providing security services, which millage rate is greater than
the "Rolled-back" rate of 0.319 mills by six percent (6.0%); and
WHEREAS, on September 21, 2006, 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 budget for the District for Fiscal Year (FY)
2006/07.
NOW THEREFORE, BE IT DULY RESOLVED BY THE BOARD OF DIRECTORS OF
THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT
DISTRICT that, pursuant to Section 200.065, Florida Statutes, there is hereby levied and Ad
Valorem millage rate of 0.338 mills for FY 2006/07 on all taxable and n-exempt real and
person property located within the boundaries of the District for th p rpos of providing
security services, which millage rate is greater than the "Rolled-bac ' rat of 19 mills by six
percent (6.0%).
PASSED and ADOPTED this 21 st day of September
hairperson of the District
David Dermer
ATTEST:
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Secretary to the District
Robert Parcher
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APPROVED AS TO
FORM & LANGUAGE
& FOR EXECUTION
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COMMISSION ITEM SUMMARY
Condensed Title:
A resolution of the Board Of Directors of The Normandy Shores Local Government Neighborhood
Improvement District adopting the final Ad Valorem Millage Of 0.338 mills for Fiscal Year 2006/07 for The
Normandy Shores Local Government Neighborhood Improvement District, which is six percent (6.0%)
greater than the "Rolled-Back" Rate Of 0.319 mills.
Ke Intended Outcome Su orted:
Ensure expenditure trends are sustainable over the long term
Improve the City's overall financial Health and maintain overall bond rating
Increase Communit Satisfaction with Ci Services
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, adopt the attached resolution which sets
the final millage?
Item Summary/Recommendation:
The final ad valorem millage recommended by the Administration is 0.338 mills to provide the current level
of security required by this district. This tax levy will generate proceeds of $87,949. The total operating
budget to provide security services at the current service level to this district is $135,254. This is
comparable to the current year end projections. An additional $3,000 is included in the budget to fund
upgrading the electronic access system. 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 $47,305 or 35% of the total operating budget.
The General Fund has funded this difference for each of the twelve years since the District was
established. The amount provided by the General Fund for this purpose in FY 2005/06 was $45,131.
Advisory Board Recommendation:
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Financial Information:
Source of
Funds:
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Financial Impact Summary:
City Clerk's Office Legislative Tracking:
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MIAMI BEACH
AGENDA ITEM
DATE
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MIAMI BEACH
City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www,miamibeachR.gov
COMMISSION MEMORANDUM
FROM:
Mayor David Dermer and Members of the City Commission
Jorge M. Gonzalez, City Manager ~_ ~
September 21, 2006 U 0
TO:
DATE:
SUBJECT:
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY
SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT
ADOPTING THE FINAL AD VALOREM MILLAGE RATE OF 0.338 MILLS FOR
FISCAL YEAR 2006/07 FOR THE NORMANDY SHORES LOCAL
GOVERNMENT DISTRICT, WHICH IS SIX PERCENT (6.0%) GREATER THAN
THE "ROLLED-BACK" RATE OF 0.319 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
Improvement District, adopt the attached resolution which sets the following:
1) The final adopted millage rate for the Normandy Shores Local Government
Neighborhood Improvement District (District) for FY 2006/07:
General Operating 0.338 mills
(0. 814 mills last year)
2) The final adopted millage rate of 0.338 mills is 6.0% greater than the "Rolled- back"
Rate of 0.319 mills.
The first public hearing on the tentative District millage rate and budget for FY 2006/07 was
held on September 6, 2006. The millage rates presented herein are those which were
tentatively adopted at the end of the first public hearing held on that day.
BACKGROUND
The 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
2006/07 represents its thirteenth 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 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.
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, Le.,
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.
Following this, another Resolution which adopts the District operating budget must be
approved.
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.
ANAL YSIS
On September 6,2006, the Mayor and City Commission adopted Resolution 2006-26311
which set the tentative ad valorem millage at 0.338. This millage will provide the current level
of security required by this district and will generate proceeds of $87,949. The operating
budget to provide security services at the current service level to this district is $135,254.
This is comparable to the current year end projections. An additional $3,000 is included in
the budget to fund upgrading the electronic access system. The difference between the
revenues which will be generated from ad-valorem tax proceeds and the current service
level budgetary requirement of the district must be supplemented by a contribution from the
General Fund in the amount of $47,305 or 35% of the operating budget ($135,254) for the
current service levels. The General Fund has funded this difference for each of the twelve
years since the District was established. The amount provided by the General Fund for this
purpose in FY 2005/06 was $45,131.
CONCLUSION
The City Commission, acting in its capacity as the Board of Directors of the District, should
adopt the attached Resolution which establishes the final millage.
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