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2007-26639 ResoRESOLUTION N0. 2007-2b639~ A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERN ENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE TENTATIVE AD VALOREM MILEAGE OF 1.0363 MILLS FOR FISCAL YEAR (FY} 2007108 FOR THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DIS~rRICT, WHICH IS TWO HUNDRED SIXTY-SIX AND SIX TENT~IS PERCENT (266.6%) GREATER THAN THE "ROLLED-BACK"',RATE OF 0.2827 MILLS, SUBJECT TO A SECOND PUBLIC HEARING SCHEDULED ON WEDNESDAY, SEPTEMBER 26, 2007 A~' 5:02 P.M. WHEREAS, for the purpose of providing secuurity 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, Section 200.065, Florida StatWtes, has specified the method by which municipalities may fix the operating millage rate and adopt an annual budget fordependent taxing districts; and WHEREAS, on July 11, 2007, the City Commission adopted Resolution 2007-26605 which set the proposed operating millage rate for the District at 1.0363 mills for the purpose of providing security services within the District as will as repay the City for the shortfall in FY 2006107; and WHEREAS, on September 17, 2007, a public hearing was held before the Mayorand City Commission, acting as the Board, to discuss the tentative operating millage rate and operating budget for the District for FY 2007/08. 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 millage rate of 1.0363 mills for the District for FY 2007108, which is greater than the "Rolled-back" to of 0.2827 mills by two hundred sixty-six and six tenths percent (266.~~6%), subject to s on public hearing scheduled on Wednesday, September 26, 2007, at 5:02 P.M. PASSED and ADOPTED this 17th day of September 20 I ATTEST: Secretary to the District Robert Pareher ¢h~(rper~grS of the District ba~bid Dermer APPROVED AS TO FORM 8~ LANGUAGE 8~ FOR UTION I Z 0? ~~ COMMISSION ITEM SUMMARY Condensed Title: A resolution of the Board Of Directors of The Normandy Shores Local Government Neighborhood Improvement District adopting the tentative Ad Valorem Millage Rate Of 1.0363 Mills For The Normandy Shores Neighborhood Improvement District, which is two hundred and sixty six and six tenths percent (266.6%) above the Calculated Rolled-Back Rate Of 0.2827 Mills, subject to a second public hearing scheduled on Wednesday, September 26, 2007 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, adopt the attached resolution which sets the tentative Ad Valorem Millage Rate; the Calculated Rolled-Back Rate; and sets the date, time and place for the second public hearing? On June 29' 2007, the City received a revised 2006 taxable value from the Property Appraiser in the amount of $126,517,149. The reduction was a correction to an error made by the PropertyAppraiser last year. Had the millage been based on this correct value for FY 2006107, it should only have been reduced from 0.814 to 0.720. Therefore, property tax collections in FY 2006107 are projected to be $46,649 less than budgeted resulting in a shortfall which will need to be advanced from the City and repaid by the Normandy Shores taxing district in FY 2007108. Accordingly, the Normandy Shores taxing district millage needs for FY 2007108 needs to be set at the level needed to cover FY 2007108 expenditures (0.7115) as well as repay the FY 2006107 shortfall (0.3248) for a total Normandy Shores millage of 1.0363. Adviso Board Recommendation: Financial Information: Source of Amount Account Approved Funds: NIA 2 OBPI Total Financial Impact Summary: Cit Clerk's Office Le islative Trackin Si n-Offs: D~artment Director Assistant City Manager City Manager m MIAMIBEACH ~-~~~~~ ~~~M ~t`1 ~ I ~~a~r~ 9-17--0 7 m MIAMI BEACH City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov COMMISSION MEMORANDUM To: Mayor David Dermer and Members of the City Commission FROM: Jorge M. Gonzalez, City Manager DATE: September 17, 2007 SUBJECT: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE TENTATIVE AD VALOREM MILEAGE OF 1.0363 MILLS FOR FISCAL YEAR ~FY} 2007108 FOR THE NORMANDY SHORES LOCAL GOVERNMENT DISTRICT, WHICH IS TWO HUNDRED SIXTY-SIX AND SIX TENTHS PERCENT (266.6%} GREATER THAN THE "ROLLED-BACK" RATE OF 0.2827 MILLS, SUBJECT TO A SECOND PUBLIC HEARING SCHEDULED ON WEDNESDAY, SEPTEMBER 2fi, 2007 AT 5:02 P.M. 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 Govemment Neighborhood Improvement District, adopt the attached resolution which sets the following: 1) The tentatively adopted millage rate for the Normandy Shores Neighborhood Improvement District for FY 2007!08: General Operating 1.0363 mills (0. 338 mills last year) 2} The tentatively adopted millage rate of 1.0363 mills is 266.6% greater than the "Rolled- back" Rate of 0.2827 mills. 3) The second public hearing to consider the final Normandy Shores District millage rate and budget for FY 2007108 shall be at 5:02 P.M., Wednesday, September 26, 2007 in the City Commission Chambers, City Ha11,1700 Convention Center Drive. 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 2007!08 represents its fourteenth year of operation. It was established by Ordinance 93-2881, and has the authority "tolevy 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". During FY 1998199, 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 Page 2 Normandy Shores Millage would fund 35% of the annual cost of the operation of the community guard gate. This cost will eventual) be funded from the golf course operation of the Normandy Shores Golf Course. Itwas Y further a reed that the City would continue to supplement the District at current levels until both g issues were resolved. On August 29, 2002, the Administration met with the Normandy Shores Local Government Neighborhood Improvement District representatives and agreed to eliminate the $500 ca on the highest valued home in the District. The enabling legislation was adopted by p 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. The General Fund has funded 35% of the operating costs of the district for each of the thirteen ears since the District was established. The amount provided by the General Fund for this Y purpose in FY 2006107 was $47,339. PROCEDURE Theo erating millage and budget for this dependent special taxing district must be adopted in p 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. It also prescribes that a tentative millage be adopted first. This is accomplished by adopting a Resolution which states the percent increase or decrease over the "Rolled-back" rate, and the date, time, and place of the second public hearing scheduled to adopt the final millage. Following this, another Resolution which tentatively adopts the Normandy Shores District operating budget must be approved. (See accompanying Agenda item R7B2 for details}. The statute re uires the name of the taxing authority, the rolled-back rate, the percentage q increase, and the millage rate be publicly announced before adoption of the millage resolution. ANALYSIS On June 30, 2006, the City received the 2006 Certification of Taxable Value from the Property Appraiser's Office stating that the taxable value for Normandy Shores is $269,642,346 which included $514,306 in new construction. The preliminary value represented an increase of 155 percent over 2005's final value of $105,441,735. On June 29, 2007, the City received the 2007 Certification of Taxable Value from the Property Appraiser's Office stating that the taxable value for Normandy Shores is $151,165,373 which included $61,160 in new construction. At the same time, the 2006 Final Value was revised to $126,364,329. Upon further review with the Miami-Dade County Property Appraiser's Office, it was determined that the 2006 Certified taxable value that had been received the prior year was in error. Had the millage been based on the correct preliminary value for FY 2006107 of $126,517,149, it should only have been reduced from 0.814 to 0.720. Therefore, property tax collections in FY 2006107 are projected to be $46,649 less than budgeted resulting in a shortfall which will need to be advanced from the City and repaid by the Normandy Shores taxing district in FY 2007108. The operating expenditures to provide security services at thecurrent service level to this district is $157,184, a 16% increase over the FY 2006I/07 amount of $135,254, due to increased contract costs. Of this amount, the City of Miami Beach General Fund is required to provide 35% of the total operating expenditures, $55,014, and the Normandy Shore taxing district is required to fund $65%, or $102,170. Page 2 Normandy Shores Millage In addition to the $102,170 for security services in FY 2007!08, the taxing district needs to repay $46,649 to the Cityof Miami Beach forthe FY 2006107 shortfall, fora total of $148,819 to be paid by the Normandy Shores taxing district in FY 2007108. For the Normandy Shores taxing District, the value for each mill ($1.00 of ad valorem tax for each $1,000 of property value} is determined by the 2007 Certification of Taxable Value and has been set at $151,165. Florida Statutes permit a discount of up to five percent for early payment discounts, delinquencies, etc. Therefore, the 95 percent value of the mill is $143,607. Accordingly, 1.0363 mills are required to generate $148,819 in property tax revenues by the district. The tentative ad valorem millage recommended by the Administration is 1.0363 mills to provide the current level of security required by this district as well as repay the City of Miami Beach for the shottfall in FY 2006107. This tax levy will generate proceeds of $148,819. It must be noted that in accordance with State Statute, there is a 10 mill operating cap which cannot be exceeded without voter approval. Combining both millages from the dependent district (1.0363} and the principal taxing authority (5.6555} totals fi.fi918 mills, which is 3.3082 mills less than the 10 mill cap. CONCLUSION The City Commission, acting in its capacity as the Board of Directors of the District, should adopt the attached Resolution which establishes a tentative millage and schedules the second and final public hearing. JMG:KGB:JC F:lobpil$BUDIBUDDOCIBUDRESOS108-RESOSI1 st Pub Hrg 09-17-0711VS Millage Memo 1 PH cm 08.doc - I ,. ~ { - CITY OF MIAMI BEACH ~ ~ NOTICE OF SPECIAL. COMMISSION MEETING AND PUBLIC HEARINGS ~'t,~;. fVOTICE iS HEREBY iven~ that a Special Commission Meeting and public hearings will be held by the Mayor and City • • 9 mission Chambers 3rd floor, C' Ha11,1700 Convention Center .:.. Commission of the Cdy of Miami Beach, Flonda, rn the Com ~y . ~' Drive, ~Niami BeSCh, Florida, on Monday, S~e~ptetnbpr 17, 2007, to consider the following: 5:01 p.m. ~ RATE AND BUDGET FOR FiSCAE YEAR 2007/2008 THE FIRST PUBLIC HEARING ADOPTING THE PROPOSED M[LEAGE FAR THE CITY OF MIAMI BEACH. _ 5:42 .m. THE FIRST PUBLIC HEARING ADOPTING THE PROPOSED MILEAGE RATE AND BUDGET FOR FISCAL YEAR 200712008 FOR THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT. In addition, the City Commission. may discuss other City business and take other necessary action at this meeting. Inquiries maybe directed to the Budget Office at (305) 673-7510. INTERESTED PARTIES are invited to appear at this meeting,. or be represented by an agent, or to express their views in wing ' noon Center Dnve 1st Floor, C Hall, M~am~ Beach, Florida addressed to the City Comr~ssion, clo the C Clerk, 1700 Conve , 33139. Copies of these or~nances are avails a for public inspection during normal business hours ~in the City Clerk's Office, ' F r Ci Hall and Miami Beach, Florida 33139. This meeting may be continued and under 1700 Convention Center Drnre,1 st loo , ty such circumstances additional legal notice would not be proved. Robert E. Parcher, Cif Clerk City of Miami Beach Pursuant to Section 286.0105, Fla. Stat., .the City faereby advises the public that: if a person decides to appeal any decision made by the CKy Commission with respect to any matter considered at its meeting or its heanng, such person must ensure that a verbatim record of the proceedings is made, which .record includes the testimony and evidence upon which~the appeal is to be based. This notice does not consEtute consent b the C for the introduction or adm~ssbn of otherwise inadm~sible of irrelevant evidence, nor does it authorize challenges or Y appeal not otherwise sdlowed b'y New. ~ r ! r . ' To request this material in awe format, sign language interpreters, ;information on access for persons with disabilities, andlor aannyy eocom- cored eedin lease contact (305) 604 2489 (rroice), (305y673.7218(TTY~. modatton to review any document or par'hcipate in any city-spon plc 9, P . five days in advance to ~n~ate your request. TTY t,aers may also call 711(Fbrida Relay Service). . Ad #443 . .~ ,, ~~ -- ~ MB MiamiHerald.com/Neighbors I THE MIAMI HERALD I SUNDAY, SEPTEMBER 2, 2001 w