Loading...
2007-26651 ResoRESOLUTION NO. 2007-26651 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL AD VALOREM MILEAGE OF 1.0363 MILLS FOR FISCAL YEAR (FY) 2007/08 FOR THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT, WHICH IS TWO HUNDRED SIXTY-SIX AND SIX TENTHS PERCENT (266.6%) GREATER THAN THE "ROLLED-BACK" RATE OF 0.2827 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, Section 200.065, Florida Statutes, has specified the method by which municipalities may fix the operating millage rate and adopt an annual budget for dependent taxing districts; and WHEREAS, on September 26, 2007, 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 2007/08. 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 1.0363 mills for the District for FY 2007/08 on all taxable and non- exempt real and person property located within the boundaries of the District for the purpose of providing security services, which millage rate is greater tha he "R Iled-back" rate of 0.2827 mills by two hundred sixty-six and six tenths percent (2 6. %). PASSED and ADOPTED this 26th day of Chai~i6~ks6n of the District AT EST: ' D~Gid Dermer ~ ~~~ u Secretary to the District Robert Parcher APPROVED AS TO FORM & LANGUAGE ~& F EXECUTION a q Za D'7 e a 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 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. Key Intended Outcome Supported: Increase resident ratings of public safety services; Maintain crime rates at or below national trends Supporting Data (Surveys, Environmental Scan, etc.): Safety across the City (preventing crime, drugs, gangs, speeding cars) was ranked number one by residents as one of the most important areas affecting their quality of life and it was also mentioned as one of the changes that would make Miami Beach a better place to live, work, play, or visit. Safety during the day appeared as a key driver for resident's perceptions of Miami Beach as a place to live and overall quality of life. Also, crime prevention was ranked number four by residents as one of the most important areas that the City can address with regards to public safety. 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 Ad Valorem Millage Rate? Item Summa /Recommendation: An increase in the millage rate above the FY 2006/07 millage rate is required to address an error by the Miami-Dade County Property Appraiser with the Certified 2006 Taxable Value. Last June, the City received a 2006 Certified Taxable Value for Normandy Shores in the amount of $269,642,346, an increase of 155 percent over 2005's final value of $105,441,735. As a result, the City decreased the millage rate for the Normandy Shores dependent taxing district from 0.814 to 0.338, a decrease of 58 percent. 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 Property Appraiser last year. Had the millage been based on this correct value for FY 2006/07, it should only have been reduced from 0.814 to 0.720. Therefore, property tax collections in FY 2006/07 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 2007/08. Accordingly, the Normandy Shores taxing district millage needs for FY 2007/08 needs to be set at the level needed to cover FY 2007/08 expenditures (0.7115) as well as repay the FY 2006/07 shortfall (0.3248) for a total Normandy Shores millage of 1.0363. The first public hearing on the tentative District millage rate and budget for FY 2007/08 was held on September 17, 2007. The millage rates presented herein are those which were tentatively adopted at the end of the first ublic hearin held on that da . Adviso Board Recommendation: Financial Information: Source of Amount Account Approved Funds: ~ N/A 2 OBPI Total Financial Impact Summary: City Clerk's Office Legislative Tracking: Sign-Offs: De me t Direc r Assistant City Manager City Manager ~ MIAMIBEACH U AGENDA ITEM R1 ~' DATE q~u0'~~ m MIAMIBEACH 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 Manage DATE: September 26, 2007 SUBJECT: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL AD VALOREM MILEAGE OF 1.0363 MILLS FOR FISCAL YEAR (FY) 2007/08 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. 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 Neighborhood Improvement District for FY 2007/08: General Operating 1.0363 mills (0. 338 mills last year) 2) The final adopted millage rate of 1.0363 mills is 266.6% greater than the "Rolled- back" Rate of 0.2827 mills. The first public hearing on the tentative District millage rate and budget for FY 2007/08 was held on September 17, 2007. 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 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 "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". 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. It was Page 2 Normandy Shores Millage further agreed that the City would continue to supplement the District at current levels until both 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 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. The General Fund has funded 35% of the operating costs of the district for each of the thirteen years since the District was established. The amount provided by the General Fund for this purpose in FY 2006/07 was $47,305. 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. 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 R762 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 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 prioryearwas in error. Had the millage been based on the correct preliminary value for FY 2006/07 of $126,517,149, it should only have been reduced from 0.814 to 0.720. Therefore, property tax collections in FY 2006/07 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 2007/08. The operating expenditures to provide security services at the current service level to this district is $157,184, a 16% increase over the FY 2006//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, $55,013, and the Normandy Shore taxing district is required to fund $65%, or $102,171. In addition to the $102,171 for security services in FY 2007/08, the taxing district needs to repay $46,649 to the City of Miami Beach for the FY 2006/07 shortfall, for a total of $148,820 to be paid Page 3 Normandy Shores Millage by the Normandy Shores taxing district in FY 2007/08. 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 $148,820 in property tax revenues by the district. On September 17, 2007, the Mayor and City Commission adopted Resolution 2007-26639 which set the tentative ad valorem millage at 1.0363. The operating budget to provide security services at the current service level required by this district and repay the City for the shortfall in FY 2006/07 is $203,833. The difference between the revenues which will be generated from ad- valoremtax 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 $55,013 or 35% of the operating budget ($203,833) for the current service levels. The General Fund has funded this difference for each of the thirteen years since the District was established. The amount provided by the General Fund for this purpose in FY 2006/07 was $47,305. The final 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 shortfall in FY 2006/07. This tax levy will generate proceeds of $148,820. 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 6.6918 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 adopts the final millage. JMG:KGB:JC F:\obpi\$BUD\BUDDOC\BUDRESOS\08-RESOS\2nd Pub Hrg 09-26-071NS Millage Memo 2PH cm 08.doc ` --_ [A MIAMI BEACH CITY OF MIAMI BEACH NOTICE OF A SPECIAL CITY COMMISSION MEETING W ~ Ial Commission Meeting regarding the 2nd Proposed Budget Public Hearings for FY 2007/ °' NOTICE IS HEREBY given that a Spec' 26, 2007, commencing 2008 will be held by the Cdy Commission of the City of Miami Beach, Flonda, on Wednesday, Se . mmisswn Chambers, 3rd floor, Cdy Ha11,1700 Convention Center Drive, MIamI Beach, Florida. ` ~ at 5:00 P.M., in the Co i ~ '; The s coed public hearing adopting the proposed millage rate and budget for FY 2007/2008 for the City of Miami Beach. _ 5.'02 p.m. The second public hearing adopting the proposed millage rate and budget for FY 2007/2008 for the Normandy Shores Loca ~ Government Neighborhood Improvement Distract. In addition, the City Commission will be discussing other C'Ity related business at this meeting. ° Inquiries concerning this meeting should be directed to the Office of Budget and Performance Improvement at (305) 673-7510. Robert E. Paroher, City Clerk City of Miami Beach al any decision made Pursuant to Section 286.0105, Fla. State th~Y m tte~con~id tat i~bmee II 9 oa ~~ring, Isu~ch pePson must ensure that a °' by the C'dy Commission with respect verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to .based. This nofice does not constitute consent by the City for the introduction or admission of otherwise inadmissible or Irrelevant Is not otherwise allowed by law. evidence, nor does it authorize challenges or appea ns with disabilities, and/or ~ Int tars, information on access for Ipersoe contact (305) 604-2489 To request this material in accessible format, sign language ' ~ s nsored proceeding, p any accommodation to review any document or participate in any city- po O, (305~73.721g(fTY) five days in advance to initiate your request. TIY users may also call 711 (Florida Relay Service). I Ad 114451