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2008-26897 ResoRESOLUTION NO. Zoos-26s97 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL AD VALOREM MILEAGE OF 0.7227 MILLS FOR FISCAL YEAR (FY) 2008109 FOR THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT, WHICH IS THIRTY- ONE AND ONE TENTH PERCENT (31.1%) LESS THAN THE "ROLLED-BACK" RATE OF 1.0489 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 17, 2008, 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 2008/09. 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 0.7227 mills for the District for FY 2008/09 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 thirty-one and one tenth percent (31.1 %) less than the "rolled-back" rate of 1.0489 mills. PASSED and ADOPTED this 17th day of September, 2008. ha rperson of he District ATT T' Matti Herrera Bower '~,~ ., Secretary to the District Robert Parcher APPROVED AS TO FORM & LANGUAGE ~, ~ t' ate 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 0.7227 Mills For The Normandy Shores Neighborhood Improvement District, which is thirty-one and one tenth percent (31.1 %) less than the "rolled-back" rate of 1.0489 mills. Ke Intended Outcome Su orted: 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 Cit can address with re ards to ublic safet . 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 Milla a Rate? tem On July 1, 2008, the City received the 2008 Certification of Taxable Value trom the Property Appraiser's Office stating that the taxable value for Normandy Shores is $144,174,761 which includes a net new taxable value decrease of $482,845. The preliminary value represents a decrease of 1.5 percent over 2007's final value of $146,410,255. The proposed ad valorem millage recommended by the Administration is 0.7227 mills to provide the current level of security required by this district. This tax levy will generate proceeds of $98,981. The total operating expenditures to provide the current service level to this district is $152,278 for FY 2008/09. The City of Miami Beach General Fund is required to provide 35% of the total operating expenditures ($53,297), and the City has funded the 35% for each of the fifteen years since the District was established. The amount provided by the General Fund for this purpose in FY 2007/08 was $55,013. The rolled-back rate is the millage rate required to produce the same level of property tax revenue in FY 2008/09 as collected in FY 2007108. The rate is calculated as 1.0489 or 0.0126 mills more than the millage rate adopted for FY 2007/08. The first public hearing on the tentative District millage rate and budget for FY 2008/09 was held on September 8, 2008. The millage rates presented herein are those which were tentatively adopted at the end of the first public hearing held on that day. Financial Information: Source of Amount Account Approved Funds: ~ N/A 2 OBPI Total Financial Impact Summary: Cit Clerk's Office Le islatlve 1 racKm Sian-Offs: De artment Direc r Assistant City Manager City Manager AGE~iC?A ITElk1 ~ ~~ r! `,~t ~ ~ ~~'~-'~ ~ DATA R l ~ o m MIAMIBEACH City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibe°chfl.gov COMMISSION MEMORANDUM TO: Mayor Matti Herrera Bower and Members of the City Commission FROM: Jorge M. Gonzalez, City Manager DATE: September 17, 2008 SUBJECT: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL AD VALOREM MILEAGE OF 0.7227 MILLS FOR FISCAL YEAR (FY) 2008/09 FOR THE NORMANDY SHORES LOCAL GOVERNMENT DISTRICT, WHICH IS THIRTY-ONE AND ONE TENTH PERCENT (31.1%) LESS THAN THE "ROLLED-BACK" RATE OF 1.0489 MILLS. 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 2008/09: General Operating 0.7227 mills (1.0363 mills last year) 2) The final adopted millage rate of 0.7227 mills is 31.1 % less than the "Rolled-Back" Rate of 1.0489 mills. The first public hearing on the tentative District millage rate and budget for FY 2008/09 was held on September 8, 2008. 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 2008/09 represents its fifteenth year of operation. It was established by Ordinance 93-2881, and has the authority "to levy an ad-valorem tax on real and persona! 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 would fund 35% of the annual cost of the operation of the community gate guard. This cost will eventually be funded from the golf course operation of the Normandy Shores Golf Course. It was FY 2008/09 Normandy Shores Millage Rate September 17, 2008 Page 2 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 fourteen years since the District was established. The amount provided by the General Fund for this purpose in FY 2007/08 was $55,013. 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 R7B2 for details). The statute requires the name of the taxing authority, the rolled-back rate, the percentage increase or decrease over the rolled-back rate, and the millage rate be publicly announced before adoption of the millage resolution. ANALYSIS On July 1, 2008, the City received the 2008 Certification of Taxable Value from the Property Appraiser's Office stating that the taxable value for Normandy Shores is $144,174,761 which includes a net new taxable value decrease of $482,845. The preliminary value represents a decrease of 1.5 percent over 2007's final value of $146,410,255. The proposed ad valorem millage recommended by the Administration is 0.7227 mills to provide the current level of security required by this district. This tax levy will generate proceeds of $98,981. The total operating expenditures to provide the current service level to this district is $152,278 for FY 2008/09. The City of Miami Beach General Fund is required to provide 35% of the total operating expenditures ($53,297), and the City has funded the 35% for each of the fifteen years since the District was established. The amount provided by the General Fund for this purpose in FY 2007/08 was $55,013. The $152,278 in FY 2008/09 represents a $51,555 decrease (25%) from the FY 2007108 budget of $203,833. In FY 2007/08, the budget included a $46,649 one-time repayment to the City for a property tax collection shortfall that occurred in FY 2006/07. The FY 2007/08 budget would have been $157,184 net of the one-time repayment. Therefore, the FY 2008/09 budget reflects a decrease of $4,906 or 3.1 percent from the FY 2007/08 budget for operations reflecting a savings in operating costs. 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 2008 Certification of Taxable Value and has been set at $144,175. 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 $136,966. Accordingly, 0.7227 mills are required to generate $98,981 in property tax revenues by the FY 2008109 Normandy Shores Millage Rate September 17, 2008 Page 3 district. It must be noted that in accordance with State Statute, there is a 10 mill operating cap which cannot be exceeded without voter approval. Combining both millages from the dependent district (0.7227) and the principal taxing authority (5.6555) totals 6.3782 mills, which is 3.6218 mills less than the 10 mill cap. CONCLUSION The City Commission, acting in its capacity as the Board of Directors of the District, should adopt the attached Resolution which adopts the final millage. JMG:KGB:JC . - .. __.. __.._._.. .. ..~.... cinniiFiae.i/III ztuuc «a~aw~la» nv~~~~ ~~ f~ IMF ~•~~..~~ _~. I ~.. ~ ~ c ~ •~ ~ o ' Y C ~ L + E O ~ L U 07 V o m ~ :7 ~ Z .~ v ~ ° c _~ ;, ~ ~ ^ u> ~ ca N ~ C ~ O i .- L cC U' ~ I ? Z ~~ N U (~O LLl ~ ~ ~ '' - to +-' N O ~ T oC U a L~ ~ ~ E ~_ ~ o M ~ W CC G ~ ~ ~-+ C Q 0 _~ ! 1 ~ ~ .. ~ V C C p ~ C ,~ Q Z v //~~~ V/ G L 1 V ,~ ~` V L ~ ~ C o o _ N ~ 0\0 -C O ~ ~ N N N ~ ~ ~ ~ L C ~ •+ C Q~ ~~1--~ U ~ ~ `m ~ L ~ O I ~ ~l 1 ~ ~ f ~ L ~ ~ a vV, i o ~ ~... _~ ~ 3 i Q. o ~ o _~ c ~ ~_ ~ ~, E _c E L Q U ~ U j O L O ~ ~- ici .$ r:.~ '' :~ ~~ ~- +:Y r ,.i, t .~ ~W +. ~ O O ~ _. ~. ~~ ft~ 0 0 - co N ro ~ O +! 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