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2000-24100 RESO RESOLUTION NO. 2000-24100 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE AD VALOREM MILLAGE OF 0.953 MILLS FOR THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT, WHICH IS THREE AND THREE TENTHS PERCENT (3.3%) GREATER THAN THE "ROLLED- BACK" RATE OF 0.923 MILLS, FOR FISCAL YEAR 2000/01. 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, the Ad Valorem millage rate assigned amounts to 0.953 mills; and WHEREAS, the millage rate reflected is three and three tenths percent (3.3%) greater than the "Rolled-back" rate of 0.923 mills. WHEREAS, on September 14,2000, a public hearing was held before the Mayor and City Commission, acting as the Board of Directors of the District (Board), the Board tentatively adopted the operating millage rate and budget for the District for Fiscal Year (FY) 2000/01. 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 a tax of 0.953 mills for FY 2000/01 on all taxable and non-exempt real and personal property located within the boundaries of the District for the purpose of providing security services. PASSED and ADOPTED this 27th day of September, 2000. ~f~ cIr\,;;cLE~L': '/", IJ,,'. ,),J j" r~ . ,~ ~ ~ J .r.~ ~/lJ MAYOR APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION AJtL ljJQf/--: 6]- J 0- aJ ity ~ CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 http:\\ci.mismi-beeeh.fl.us COMMISSION MEMORANDUM No.l3 or -00 TO: Mayor Neisen O. Kasdin and Members of the City Commission DATE: September 27, 2000 SUBJECT: Jorge M. Gonzalez A' ~- ~ City Manager . ~"O A RESOLUTION OF HE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING AN AD VALOREM MILLAGE OF 0.953 MILLS FOR THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT, WHICH IS THREE AND THREE TENTHS PERCENT (3.3%) GREATER THAN THE "ROLLED- BACK" RATE OF 0.923 MILLS, FOR FISCAL YEAR 2000/01. FROM: 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) Final adopted millage rate for Fiscal Year (FY) 2000/01 Normandy Shores 0.953 mills (0.955 last year) 2) The adopted millage rate of 0.953 mills is 3.3% greater than the "Rolled-back" rate of 0.923 mills. The first public hearing on the tentative Normandy Shores District millage rate and budget for FY 2000/01 was held on September 14, 2000. The millage rates presented herein are those which were tentatively adopted at the end of the first public hearing held on September 14,2000, 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, i.e., City of Miami Beach. AGENDA ITEM IL lei Cf-27-(x) DATE Normandy Shores FY 2000/01 Final Millage Page 2 September 27,2000 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 Normandy Shores District operating budget must be approved. (See accompanying Agenda Item R7Cl for details). The statute requires the name of the taxing authority, the rolled- back rate, the percentage increase, and the millage rate be publicly announced before the adoption of the millage levy resolution. Therefore, only the resolution title should be announced before the adoption of the millage resolution. BACKGROUND The Normandy Shores Local Government Neighborhood Improvement District (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 2000/01 represents its seventh year of operation. The district 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". Based on the January 1,2000, "Certification of Taxable Values" for the district, the highest taxable property assessment within the district is valued at $524,547, which requires a millage rate of 0.953. This millage yields an assessment of $499.89 (less than $500). ANALYSIS The final ad valorem millage recommended by the Administration is 0.953 mills to provide the level of security services required by this district. At this millage, no property owner's levy will exceed $500. This tax levy will generate proceeds of $52,766, which is solely due to the manner in which the millage must be calculated, given the $500 limitation. The total operating budget to provide security services to this district for FY 2000/01 is $94,650. This is a small increase from the current year end projections of$9l,250. 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 in the amount of$4l,884 or 44% of the total operating budget. The General Fund has funded this difference for each of the six years since the District was established. The amount provided by the General Fund for this purpose in FY 1999/00 was $39,682. 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 ofthe operation of the community guard gate. This cost will be funded from the operation of the renovated 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 2000/01 Final Millage Page 3 September 27,2000 It must be noted that in accordance with State Statute, there is a 10 mill operating cap which cannot be exceeded without voter approval. Combining both tentative millages from the dependent district (0.953) and the principal taxing authority (7.399) totals 8.352 mills, which is 1.648 mills less than the 10 mill cap. CONCLUSION The City Commission, acting in its capacity as the Board of Directors of the District, should adopt the attached Resolution which establishes a final millage. J~~~