Loading...
Ord. No. 06-05-1828ORDINANCE NO. 06-05-1828 AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA AMENDING THE CITY OF SOUTH MIAMI PENSION PLAN, PROVIDING FOR ELIGIBILITY AT DATE OF EMPLOYMENT FOR POLICE OFFICER EMPLOYEES OF THE CITY OF SOUTH MIAMI; PROVIDING FOR A MINIMUM RATE OF BENEFIT ACCRUAL FOR POLICE OFFICER EMPLOYEES; PROVIDING FOR SEVERABILITY; PROVIDING FOR CODIFICATION; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of South Miami desires to provide compliance with required minimum benefits provided in Chapter 185 of the Florida Statutes for police officer employees in order to continue to receive state premium tax funding; and WHEREAS, the City recognizes that such minimum benefits will actuarially impact on the Pension Plan and shall be at the option of certain employees; and WHEREAS, there are funds available in excess in the 185 Share Plan Police Retirement account as shown by the actuarial impact statement provided by the actuary to pay for the proposed improvements; and WHEREAS, the City Commission has received and reviewed an actuarial impact statement related to such early retirement incentive. NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA: Section 1. Part I, Provisions governing the South Miami Pension Plan, Section 16 -13 of the South Miami Code of Ordinances is hereby amended to read as follows: Sec. 16 -13. Eligibility. (a) Each employee employed by the employer on October 1, 1965, shall be a participant on the first participation date on which he has completed two (2) years of credited service and has attained his twenty -fifth birthday. (b) Each employee who becomes an employee subsequent to October 1, 1973, shall be a participant on the first participation date on which he /she has completed six (6) months of credited service and has obtained his /her Page 1 of 4 Ord. No. 06 -05 -1828 twentieth birthday. For all current employees as of October 1, 1995, each fiscal year there will be a window for joining the retirement system; i.e. October Is' through October 31St. It shall become mandatory for all employees hired on or after October 1, 1995, to join the pension plan after completion of the probationary period. (c) Each employee classified as policemen shall become eligible to participate in the plan from his/her date of emplo. mY ent provided he /she began participation in the plan when first eligible as provided in sub - section (a) & (b) of this section. An employee who has received a cash payment under Option 1 of Ssection 16 -17(b) may elect to participate in the plan upon meeting the following requirements: 1. Election to participate must be made within thirty (30) days of receipt of notice of eligibility to participate. 2. Such employee had received a cash payment under Option 1 of section 16- 17(b). 3. Such employee pays to the employer an amount equal to the amount of cash payment he received under Option 1 of section 16- 17(b), plus credited interest compounded annually at the rate of three (3) percent per annum from the date on which such cash payment was made to the date of such repayment. Participation under this section will be effective as of September 1, 1977. In determining an employee's credited service at any future date, there shall not be included any service during which the employee did not participate under this plan. Section 2. Section 16- 14(b)(1) of the South Miami Code of Ordinances is hereby amended to read as follows: See. 16 -14. Pension benefits and retirement date. (b) Amount of pension. Basic benefit. A basic benefit commencing at the employee's normal retirement date determined by multiplying one and six - tenths (1.6) percent of the employee's final average compensation by the number of his /her completed years of credited service at his or her retirement date, excluding the first two (2) years of such service and any additional service completed by the employee prior to his /her twenty -fifth birthday. However, as to those participants who became an employee subsequent to October 1, 1973, there shall only be excluded the first six Page 2 of 4 Ord. No. 06 -05 -1828 (6) months of such service and any additional service completed by him /her prior to his /her twentieth birthday and /or additional service completed by the employee prior to the time the employee became a participant. For sworn police personnel, effective October 1, 1994, the pension benefit accrual rate (multiplier) shall be increased from 1.6 to 1.8, for services performed in the 1993 -94 fiscal year; effective October 1, 1994, the pension benefit accrual rate (multiplier) shall be increased from 1.8 to 1.9, for services performed in the 1994 -95 fiscal year; effective October 1, 1995, the pension benefit accrual rate (multiplier) shall be increased from 1.9 to 2.25 for services performed in the 1995 -96 fiscal year; the pension benefit accrual rate (multiplier) shall be increased from 2.25 to 2.50, effective October 1, 1996, for services performed in the 1996 -97 fiscal year; the pension benefit accrual rate (multiplier) shall be increased from 2.50 to 2.75, effective October 1, 1997, for services performed in the 1997 -98 fiscal year and thereafter. The multiplier factor to be applied at the time of retirement of each bargaining unit employee shall be applied as prescribed in the 1992 -93 and 1995- 96 collective bargaining agreements. Provided however, the pension benefit accrual rate (multiplier) for sworn police personnel shall not be less than two percent (2.0 %) for all years of service. Effective October 1, 1995, the pension benefit accrual rate (multiplier) for participants, excluding police personnel, shall be increased from 1.6 to 1.8 for services performed in the 1995 -96 fiscal year; effective October 1, 1996, the pension benefit accrual rate (multiplier) for participants, excluding police personnel shall be increased from 1.8 to 2.0 for services performed in the 1996 -97 fiscal year and thereafter. Section 3: If any section, clause, sentence or phrase of this ordinance is for any reason held invalid or unconstitutional by a court of competent jurisdiction, the holding shall not affect the validity of the remaining portions of this ordinance. Section 4: All ordinances or parts of ordinances in conflict with the provisions of this ordinance are repealed. Section 5: This Ordinance shall take effect immediately upon approved. PASSED AND ADOPTED this 45 day of ko✓i-lr-� , 2005 ATTEST: Q)--) Y CLER &t 1St Reading — 11/16/04 2nd Reading— 3/15/05 APPROVED- 0 MA YO Page 3 of 4 Ord. No. 06 -05 -1828 READ AND APPROVED AS TO FORM: CIT T RNEY G:\\SMPF\PLAN\ProvideEligibility-Einployinent-Police-ORDN Page 4 of 4 COMMISSION VOTE: 4 -0 Mayor Russell: Yea Vice Mayor Palmer: absent Commissioner Birts- Cooper: Yea Commissioner Sherar: Yea Commissioner Wiscombe: Yea CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER - OFFICE MEMORANDUM To: Honorable Mayor, Vice Mayor Date: and City Commission From: Maria V. Davis Subject: City Manager REQUEST March 15, 2005 South Miami All- America City f 2001 Agenda Item 4 _ 11/16/04 Commission Meeting Amending the Police Pension Plan AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA AMENDING THE CITY OF SOUTH MIAMI PENSION PLAN, PROVIDING FOR ELIGIBILITY AT DATE OF EMPLOYMENT FOR POLICE OFFICER EMPLOYEES OF THE CITY OF SOUTH MIAMI; PROVIDING FOR A MINIMUM RATE OF BENEFIT ACCRUAL FOR POLICE OFFICER EMPLOYEES; PROVIDING FOR SEVERABILITY; PROVIDING FOR CODIFICATION; AND PROVIDING FOR AN EFFECTIVE DATE. Background The attached ordinance was prepared by the City Pension Attorney to improve the pension plan benefits for our Police Officers at no,, cost to the City, using the Chapter 185 funds received annually from the State of Florida. The source of the funds is .85 percent of gross receipts from policyholders on all premiums collected on casualty insurance policies covering properties within the City's jurisdiction. State laws restrict the use of these funds to payment of supplemental benefits to retiring Police Officers. This benefit is accrued annually by all Police Officers participating in the City pension plan using a State approved allocation method. Any available excess funds after the allocation are used to provide improvements to the plan. As of last fiscal year, there is an available excess amount of $77,000 that can be used to purchase improvements to the plan for officers. RECOMMENDATON Approval of the ordinance is recommended. SUGARMtAN & SUSSKIND PROFESSIONAL ASSOCIATION ' ATTORNEYS AT LAW Robert A. Sugarman+ 2801 Ponce De Leon Boulevard Howard S. Susskind Suite 750 Kenneth R. Harrison, Sr. Coral Gables, Florida 33134 David E Robinson (305) 529 -2801 D. Marcus Braswell, Jr. Broward 327 -2878 Toll Free 1 -800- 329 -2122 Facsimile (305) 447 -8115 +Board Certified Labor & Employment Lawyer June 21, 2004 City Commission City of South Miami c/o Maria Davis, City Manager 6130 Sunset Drive South Miami, Florida 33143' Re: Summary of Proposed Ordinance Amendment — City of South Miami Police Officers' Retirement Plan Dear Commission Members: This firm represents the City of South Miami Police Officers' Retirement Plan. Our client has directed that we provide ' an overview of the enclosed proposed ordinance amendment to be considered by the City Commission. The Board of Trustees of the Police Officers' Retirement Plan recommends adoption of this proposed ordinance amendment to the existing code in order to comply with specific minimum requirements of Chapter 185 of the Florida Statutes. Florida Law 99 -1 specifically required municipalities that receive state contributions under Chapter 185 of the Florida Statutes to provide certain minimum benefits and operational requirements. The City of South Miami receives such state contribution for its Police Officers' Retirement Plan. The following summarizes the necessary amendments to the existing code in order to comply with specific minimums established by the state legislative action and Florida Law 99 -1. Section 16 -13. Eligibility. This section of the code provides for different participation dates depending on employment date of employees. Section (a) required a two year period of probation before participation in the Retirement Plan was allowed. Subsection (b) states that employees hired on a different date, a six month probation and the necessity of obtaining a participant's 2e birthday must occur before participating in the Retirement Plan. Further, this section provided a third provision that completion of a probationary period was necessary for employees hired on any other date in order to enter the Retirement Plan. Chapter ' 185 of the Florida Statutes requires mandatory participation in pension plans commencing on date of employment. Therefore, Subsection (c) has been added that allows participation from date of employment to comply with this requirement of the state statutes. Section 16 -14. Pension Benefits and Retirement Date was amended to add a specific sentence at the end of Subparagraph (b)(1) which addressed the basic benefit and contained certain limitations therein. The addition of this paragraph stated that the benefit accrual rate for police officer participants may not be less than 2% for all years of service. This specific language is required in Chapter 185 of the Florida Statutes. By copy of this letter we are requesting that the Retirement Plan actuary provide an impact statement for your consideration prior to final reading and enactment of this ordinance amendment. We remain available to respond to any questions you may have on this matter. Yours truly, 6ZH R. HARRISON, SR. - Enclosure cc: Board of Trustees Larry Wilson, Actuary, Gabriel, Roeder, Smith & Co. G.k\ SMPFIPLAN\SummaryoiProposedordnAmend- LtCityMgr GABRIEL, ROEDEB, SMITH & CoMpANy Consultants & Actuaries August 16, 2004 301 East Las Olas Blvd. • Suite 200 • Ft. Lauderdale, FL 33301 - 2254.954 -527 -1616 • FAX 954- 525 -0083 Ms. Haydee Lopez Benefits USA, Inc. 3810 Inverrary Blvd., Suite 208 Lauderhill, FL 33319 Re: South Miami Pension Plan Dear Haydee: As requested, we are pleased to enclose three (3) copies of the Actuarial Impact Statement for filing the proposed Ordinance for the South Miami Pension Plan with the State of Florida. The proposed Ordinance (copy attached) will allow Police Officers to participate in the Plan from date of employment and credited service shall be continuous employment provided that participation began at first eligibility. The proposed change in eligibility is a minimum benefit required under RS 99 -1 for Police Officers. Our records show, the Chapter Fund held a reserve for unused excess State funds of $65,275 as of September 30, 2003. The proposed Ordinance includes release of the reserve to the South Miami Pension Plan. In addition, the increase in the annual cost ($25,282) is assumed to be paid by current and future State funds. Please note that this Statement must be signed and dated on behalf of the Pension Board. Copies of the proposed Ordinance following passage at first reading along with the signed and dated Actuarial Impact Statement should be filed with the State prior to passage at second reading at the following addresses: Mr. Charles Slavin, A.S.A. Division of Retirement Cedars Executive Center. Buildin 2639 North Monroe Street Tallahassee, Florida 32399 -1560 Ms. Patricia Shoemaker Division of Retirement C Cedars Executive Center. Building C 2639 North Monroe Street Tallahassee, Florida 32399 -1560 Please forward a copy of the ordinance upon passage at second reading to update our files. The employee census and financial data utilized in the preparation of this Actuarial Im act statement are the same as utilized for the October 1, 2003 Actuarial Valuation. p i I i Ms. Haydee Lopez August 16, 2004 Page Two The undersigned is a Member of the American Academy of Actuaries and meets the Qualification Standards of the American Academy of Actuaries to render the actuarial opinion contained herein. If you should have any question concerning the above or if we may be of further assistance with this matter, please do not hesitate to contact us. Sincerest regards, Lawrence F. Wilson, A.S.A. Senior Consultant and Actuary Enclosures cc: Mr. Ken Harrison, Esq. GASRIEi., ROEDER, SMiTH & COMPANY South Miami Pension Plan Actuarial Impact Statement as of October 1, 2003 Police Officers A. Participant Data I . Active participants 2. Tenninated vested participants 3. Participants receiving benefits including DROPs 4. Annual payroll of active employees B. Assets 1. Actuarial value 2. Market value C. Liabilities 1. Actuarial present value of future expected benefit payments for active members a. Retirement benefits b. Vesting benefits c. Death benefits d. Disability benefits e. Refunds f. Total 2. Actuarial present value of future expected benefit payments for terminated vested members 3. Actuarial present value of future expected benefit payments for those currently receiving benefits a. Service retired b. Disability retired c. Beneficiaries d. Miscellaneous e. Total 4. Total actuarial present value of future expected benefit payments 5. Actuarial accrued liabilities 6. Unfunded actuarial liabilities -2- GA BRIEI_, ROEDER, SMITH & COMPANY Actuarial Valuation 50 1 8 $ 3,350,992 $ 6,732,468 $ 6,081,957 $ 11,328,815 782,661 53,304 285,446 206,750 $ 12,656,976 Proposed Ordinance 50 1 8 $ 3,350,992 $ 6,797,743 $ 6,147,232 $ 1 1,580,543 843;728 51,943 286,980 190,383 $ 12,953,577 $ 258,298 $ 258,298 $ 875,520 0 166,487 15,959 $ 1,057,966 $ 13,973,240 $ 9,227,670 $ 2,495,202 $ 875,520 0 166,487 15,959 $ 1,057,966 $ 14,269,841 $ 9,502,196 $ 2,704,453 South Miami Pension Plan Actuarial Impact Statement as of October 1, 2003 Police Officers Actuarial D. Statement of Accumulated Plan Benefits Valuation 1. Actuarial present value of accumulated vested benefits a. Participants currently receiving benefits b. Other participants c. Total 2. Actuarial present value of accumulated non - vested plan benefits 3. Total actuarial present value of accumulated plan benefits E. Pension Cost $ 1,042,007 3,520,127 $ 4,562,134 622,216 Proposed Ordinance $ 1,042,007 3,735,452 $ 4,777,459 560,180 $ 5,184,350 $ 5,337,639 I. Total normal cost $ 569,894 $ 576,093 2. Payment required to amortize unfunded liability 202,473 219,683 3. Interest 30,187 32,060 4. Total required contributions $ 802,554 $ 827,836 5. Item 4 as a percentage of payroll 23.9% 24.7% 6. Estimated employee contributions $ 361,518 $ 361,518 7. Item 6 as a percentage of payroll 10.8% 10.8% 8. Estimated State contributions $ 12,498 $ 37,780 9. Item 8 as a percentage of payroll 0.4% 1.1% 10. Net amount payable by City $ 428,538 $ 428,538 11. Item 10 as a percentage of payroll 12.8% 12.8% F. Disclosure of Following Items: 1. Actuarial present value of future salaries - attained age $ 31,720,433 $ 31,453,407 2. Actuarial present value of future employee contributions - attained age $ 2,379,032 $ 2,359,005 3. Actuarial present value of future contributions from other sources N/A N/A 4. Amount of active members' accumulated contributions $ 1,118,955 $ 1,118,955 5. Actuarial present value of future salaries and future benefits at entry age Not provided by software 6. Actuarial present value of future employee contributions at entry age Not provided by software -3- GABPJEL, ROEDER, SMITH & COMPANY South Miami Pension Plan Actuarial Impact Statement as of October 1, 2003 Police Officers G. Amortization of Unfunded Actuarial Accrued Liability Remaining Unfunded Amortization Funding Date Established Liability Payment Period 10/01/1990 Assumption Method Change $ (111,250) $ (11,293) 17 years 10/01/1991 Actuarial Loss (Gain) (82,013) (8,103) 18 years 10/01/1992 Plan Amendment (6,611) (637) 19 years 10/01/1992 Actuarial Loss (Gain) (176.651) (17,032) 19 years 10/01/1993 Actuarial Loss (Gain) (39,396) (3,715) 20 years 10/01/1993 Plan Amendment 211,614 19,957 20 years 10/01/1994 Actuarial Loss (Gain) 62,749 5,800 21 years 10/01/1994 Assumption Change 26,117 2,414 21 years 10/01/1995 Actuarial Loss (Gain) (176,836) (16,051) 22 years 10/01/1995 Plan Amendment 253,853 23,042 22 years 10/01/1996 Actuarial Loss (Gain) (100,436) (8,967) 23 years 10/01/1997 Actuarial Loss (Gain) (190,172) (16,724) 24 years 10/01/1998 Actuarial Loss (Gain) (302,323) (26,223) 25 years 10/01/1.999 Actuarial Loss (Gain) (96,311) (8,249) 26 years 10/01/1999 Plan Amendment 126,894 10,869 26 years 10/01/2001 Actuarial Loss (Gain) 1,032,446 86,505 28 years 10/01/2001 Method Change (519,257) (43,506) 28 years 10/01/2001 Plan Amendment 812,417 68,069 28 years 10/01/2002 Actuarial Loss (Gain) 775,068 64,315 29 years 10/01/2002 Plan Amendment 193,557 16,061 29 years 10/01/2003 Actuarial Loss (Gain) 563,535 46,349 30 years 10/01/2003 Plan Amendment 238,208 19,592 30 years 10/01/2003 Proposed Ordinance 209,251 17,210 30 years TOTAL $ 2,704,453 $ 219,683 This actuarial valuation and /or cost determination was prepared and completed by me or under my direct supervision, and I acknowledge responsibility for the results. To the best of my knowledge, the results are complete and accurate, and in my opinion, the techniques and assumptions used are reasonable and meet the requirements and intent of Part VII, Chapter 112, Florida Statutes. There is no benefit or expense to be provided by the Plan and/or paid from the Plan's assets for which liabilities or current costs have not been established or otherwise taken into account for in the valuation. All known events or trends which may require a material increase in plan costs or required contribution rates have been taken into account in the valuation. Enrollment Number: 02 -2802 Lawrence F. Wilson, A.S.A. Dated: August 16, 2004 -4- GABRIEL, ROEDER, SMITH L COMP 114Y South Miami Pension Plan Outline of Principal Provisions of the Retirement Plan A. Effectivee Date: October 1, 1965. Most recent resolution / bargaining agreement was adopted July 23, 2002. B. Eligibility Requirements: 1. General Employees Any regular full -time employee is eligible to enter the plan following the completion of six months of Credited Service and attainment of age 20. 2. Police Officers Any regular full -time Police Officer is eligible to enter the plan as of date of employment. C. Credited Service: 1. General Employees . Continuous employment. Credited service shall exclude continuous employment prior to plan participation as follows: (1) If employed prior to October 1, 1973, credited service shall exclude the first two years of continuous employment and any additional year of continuous employment prior to attainment of age 25. (2) If employed on or after October 1, 1973, credited service shall exclude the first six (6) months of continuous employment and continuous employment prior to age 20. 2. Police Officers Continuous employment. For Police Officers who did not participate when first eligible for the plan credited service shall exclude continuous employment prior to plan participation as follows: (1) If employed prior to October 1, 1973, credited service shall exclude the first two years of continuous employment and any additional year of continuous employment prior to attainment of age 25. (2) If employed on or after October 1, 1973, credited service shall exclude the first six (6) months of continuous employment and continuous employment prior to age 20. D. Final Monthly Compensation (FMC): Final Monthly Compensation is 1 /36th of the final 36 consecutive months of compensation. For Police Officers, not less than 1 /5th of the highest five (5) years out of the last (10) ten years of compensation. Compensation shall mean regular wages and salaries, excluding bonuses, overtime pay, vacation, sick leave and other additional compensation. -5- GABRlEL, .RO'EDEM Si -AiTH & COMPANY South Miami Pension Plan Outline of Principal Provisions of the Retirement Plan E. Normal Retirement: I. Eligibility_ a. General Employees: Attainment of age 55 and completion of ten (10) years of credited service. b. Police officers: Attainment of age 60 and completion of ten (10) years of credited service or completion of twenty -five (25) years of credited service regardless of age. 2. Benefit: The monthly plan benefit is the product of: a. FMC, b. Credited service during the appropriate period and c. The appropriate benefit percentage The appropriate benefit percentages are: a. General Employees For Credited Service Through September 30, 1999 October 1, 1999 and thereafter b. Police Officers F. Supplemental Benefit: Fnr ('rarlitarl Q,-- r4. Through September 30, 1995 October 1, 1995 through September 30, 1996 October 1, 1996 through September 30, 1997 October 1, 1997 through September 30, 2001 October 1, 2001 through September 30, 2002 October 1, 2002 through September 30, 2003 October 1, 2003 and thereafter Percentage 2.50% 2.75% Percentage 2.00% 2.25% 2.50% 2.75% 2.80% 2.90% 3.00% A cost -of- living supplemental benefit based upon the consumer price index is provided upon retirement. The annual increase is limited to 3 %. -6- GABRRIEL, ROEDER, SMITH & COMPANY South Miami Pension Plan Outline of Principal Provisions of the Retirement Plan G. Early Retirement: 1. Eligibility: Attainment of age 60 (age 50 for Police Officers) and completion of 15 years of credited service. 2. Benefit: Accrued benefit based upon FMC and credited service as of early retirement date, reduced 6% (3% for Police Officers) for each year that the benefit commencement date precedes Normal Retirement. H. Delayed Retirement: 1. Eligibility: Retirement subsequent to normal retirement date. 2. Benefit: Accrued benefit based upon FMC and credited service as of delayed retirement date. I. Disability Retirement: 1. Eligibility: 2. Benefit: Totally and permanently disabled for a six month period while actively employed. Accrued benefit based upon FMC and credited service as of date of disability, actuarially reduced as for early retirement for early commencement. J. Pre - Retirement Death Benefit: The beneficiary shall receive the member's accumulated employee contributions. K. Benefit Upon Termination of Service: 1. Benefit payable at normal retirement equal to the greater of: a. Accrued benefit based upon FMC and credited service as of date of termination times the vesting percentage shown below, or b. Benefit which can be supported by the accumulated member contributions with interest to normal retirement date. No supplemental benefit shall be payable to vested terrninees until they commence receiving benefits. -7- GABRIEL, R©EDER, SMITH & COMPANY South Miami Pension Plan Outline of Principal Provisions of the Retirement Plan 2. Vesting Schedule: Years of Vesting Credited Service Percentage. . Less than 10 0% 10 or more years 100% 3. Refund Option: A terminated member may elect to receive a refund of accumulated contributions (with 3% interest for General Employees) in lieu of receiving any other plan benefits. L. Member Contributions: Members contribute 7% (7.5% for Police Officers) of member's basic annual compensation. Should the City contribution for General Employees be actuarially determined to exceed 12% (9.5% for Police Officers), both the City and the General Emplo -,rees will share equally in the - amount in excess of.. 2% (9.5% for Police Officers). M. Normal Form of Retirement-Income: The normal form of payment shall be a life annuity with a guarantee of a refund of accumulated employee contributions. N. Changes Since Previous Valuation: Prior to proposed Ordinance, for Police Officers: 1_.. Fli 'bili Service: Any regular full4me employee v as eligible to enter the plan following the completion of six months of Cre6ted Service and atia*- lent -of age 20. 2. Credited Service: Continuous employment. Credited service shah '::a ^1:ude continuous employment prior to plan participation as follows: (1) If employed prior`t':'a >?teber 1, 1973, credited service shall exclude the first two years of continuous employment' az:. _:: <, y additional year of continuous employment prior to attainment of age 25. (2) If employ ` ::.;'t; or after October 1, 1973, credited service shall exclude the first six (6) months of -_ »:''nuous employment and continuous employment prior to age 20. -8- GABRIEL, ROEDER, SMITH & COMPANY South Miami Pension Plan Actuarial Assumptions and Actuarial Cost Methods Used in the Valuation A. ..Mortality For healthy active lives, the 1983 Group Annuity Mortality Table was used with separate rates for males and females. For disabled lives, the 1985 Pension Disability was used with separate rates for males and females. B. Interest to be Earned by Fund 8.0 %, compounded annually. C. Allowances for Expenses or Contin encies Actual expenses paid in previous year. D. Employee Withdrawal Rates Withdrawal rates for males and for females were used in accordance with the following illustrative example: E. Disability Rates 1985 Disability study, Class 1 with separate rates for females was used. F. Marital Assumptions 100% of active members are assumed to be married. Where applicable, females are assumed to be three years younger than their male spouses. -9- GABRIEI-. ROEDER, SMITH & COMPANY . � � VJthctraal F Pal 06: Ezripl 20 ,.22.5 2j5 15.0 30. 75-.:µ ;1i'G;o-,�,'..,�a�j - 'j:T ^� _ ��i, ` ✓'• %iii r:.i:,:,E 4 0 ,w 35 E. Disability Rates 1985 Disability study, Class 1 with separate rates for females was used. F. Marital Assumptions 100% of active members are assumed to be married. Where applicable, females are assumed to be three years younger than their male spouses. -9- GABRIEI-. ROEDER, SMITH & COMPANY South Miami Pension Plan Actuarial Assumptions and Actuarial Cost Methods Used in the Valuation G. Salary Increase Factors Current salary is assumed to increase at an annual rate equal to 6.0% per year. H. Retirement Rates Members are assumed to retire on their nonnal retirement date, minimum one year of future service. Rates of early retirement for Police Officers were used in accordance with the following illustrative example: Years Preceding Early Retirement Rates Norxral Retirement Pet 100 Police Officers 1 -5 2 6 5 7 -10 2 I. Valuation of Assets The method used for determining the actuarial value of assets phases in the deviation between the expected and actual return on assets at the rate of 20% per year. The actuarial value of assets will be further adjusted to the extent necessary to fall within the corridor whose lower limit is 80% of the fair market value of plan assets and whose upper limit is 120% of the fair market value of plan assets. I Cost Methods Normal Retirement, Termination Disability and Pre - Retirement Death Benefit: Entry -A .ge- Actuarial Cost Method Under this method the normal cost for each active employee is the amount which is calculated to be a level percentage of pay that would be required annually from his date of hire to his retirement age to fund his estimated benefits, assuming the Plan had always been in effect. The normal cost for the Plan is the sum of the individual normal costs for all active participants. The actuarial accrued liability as of any valuation date for each active employee or inactive employee who is eligible to receive benefits under the plan is the excess of the actuarial present value of estimated future benefits over the actuarial present value of current and future normal costs. The unfunded actuarial accrued liability as of any valuation date is the excess of the actuarial accrued liability over the actuarial value of assets of the Plan. K. Changes Since Previous Valuation None -10- GABRIEI., 13i3EDER, SMITH & E'OMPAI-4y South Miami Pension Plan Actuarial Impact Statement as of October 1, 2003 A. Description of Proposed Amendment (see attached Proposed Amendment) Police Officers shall participate in the Plan from date of employment. For Police Officers, credited service shall be continuous employment provided that participation began at first eligibility. B. An estimate of the cost of implementing this amendment (see attachment) C. In my opinion, the proposed changes are in compliance with Part VII, Chapter 112, Florida Statutes and Section 14, Article X of the State Constitution. Chairman, Retirement Committee Date —� Nov 22 04 03:46p P.1 To: JEANETTE ENRL'M, Fax: 305,663-6345 CITY OF SOUTH MIAMI From: HAYDEE LOPEZ Date: 11, 22/04 Re: MINUTES Pages 6 REGARDING BALLOTS CC: ° ° � - ttt ° X For F%GAG%'4 ❑ Plearn CBmment *Please Reply ❑ Pkdse Recycle ° fV IvAlu M q 1 FIND ON "AGE 2 OF THE MINUI 'ES TBE ALSO ATTACHED THE PROVISION OF BENEFITS WHICH WAS PREPARED IF YOU HAVE ANY QUESTIONS, r LEASE DO NOT HESITATE TO GrVE US A CALL, THANKS r Nov 22 04 03:46p p.2 CITY OF SOUTH MIAMI PENSION FUND MI]VUTES JAN[JARY 27, 20- )4 Chairman Fulton called the meeting of the Board of Trustees of the City of South Miami Pension Fund to order at 9 :10 a.m., at the City Cc mmission Chambers of the City of South Miami. TRUSTEES PRESENT: Eric Fulton, Maria Stout Tate, Rick Freeburg, Frank Gilbert and Bruce Ross OTHERS PRESENT: Fund Attorney David Rob nson; Tim Nash of Trusco Capital Management and Administrator Haydee Lopez of Be: iefits USA, Inc. APPROVAL OF MINUTES: A motion made by Ms. Stout -Tate to approve tl a minutes of the regular meeting December 8, 2003 was seconded by Mr. Freeburg. I he motion carried. CONSENT AGENDA: Sugarman & Susskind, PA(Inv#27711 Legal Fee) $2,500.00 Benefits USA, Inc. (January, 2004Adm Fee) $990.00 Salem Trust Company (10/1/03 - 12/31/03 Custodian Iee) $1,802.10 Gabriel, Roeder, Smith & Company (Inv# - 89185) $4,585.00 A motion by Ms. Stout -Tate to approve the con, Int agenda was seconded by Mr. Freeburg. The motion passed. UNFINISHED BUSINESS: Status of Pending Annui Policy — Attorney Robinsi sn reviewed a letter prepared by his office dated' January 22, 2004 as directed by the Tr istees. Attorney Robinson reported that there has been no response form the City as of yet. Chairman Fulton directed the Fund Attorney to follow up within 30 days. Attorne r Robinson reported they would do so. Trustee Vacancies and Expired Terms- Attorney Rot inson reviewed a letter prepared by his office dated January 22, 2004. Ms. Stout -Tate ; tdvised the Trustees that she has a possible applicant for the Board who livc;s in SOut! i Miami. Attorney Robinson also reviewed a letter prepared by this office regarding th-: make up of the board. Following review, it was noted that the Fund Attorney did not h,, ve the amended Ordinance because the ordinance had changed from five to seven members. The Administrator was directed to contact the City Clerk and provide the Fund Attorn -1y with the amended Ordinance. It was noted they would do so. The Trustees directed th, , Fund Attorney to revise the letter. Nov 22 04 03 :47p p.3 BALLOT RESULTS RE: CHAPTER 99 -1 MIIN1, 4UM BENEFITS Ms. Lopez reported on the ballot results regarding tl to Chapter 99 -1- Minimum Benefits. It was noted that 17 pension fund members chose Option #2 which was Provisions 7 and 8; 2 pension fund members chose Option 1 which was Provisions 3,4,5 and 7; and 2 pension fund members chose Option 3 which was h( Id the monies in reserve. Following discussion, the Trustees. directed the Fund Attorne-, to draft an Ordinance to fund the Minimum Accrual Rate at an annual cost of $103.00 and the Credited Service Definition at an annual cost of $26,473.00. It was noted that tie Fund has $28,333 in excess state funds to apply towards the annual cost: of these two minimum benefits. Attorney Robinson noted they would do so. REPORTS Attorney- No further report. Chairman- No further report Secretary — No further report Administrator- Ms. Lopez reported that the Inves tment Agreements between Trusco Capital Management and the Fund were in order anc had been signed by all appropriate parties. A copy of the Investment Agreements we. -c in the Trustees packets for their records. The next meeting date was scheduled for April 27, 20 A at 9:00 a.m. A motion by Mr. Ross to adjourn the meeting at 9:3 5 a.m. was seconded by Ms. Stout - Tate. The motion passed. Mr. Tun Nash of Trusco Capital arrived at 9:35 a.: n. to present his firms Investment Report for the quarter ended December 31, 2003. A n lotion by Mr. Ross to reconvene the meeting at 9:35 a.m.was seconded by Ms. ;;tout -Tate. The motion passed. INVESTMENT REPORT FOR QUARTER ENDE D DECEMIER 31, 2003 Mr. Tim Nash was present to provide his report for the : quarter ended December 31, 2003. Mr. Nash reported that now that the investment Agree ments have been signed the 2 fixed income portfolio were purchased on December 31, 20 )3. Mr. Nash stated that the market value of the Fund as of December 31, 2003 was $12,( 33,695. Mr. Nash reported that the investment returns for the total Fund was 6.55% as of December 31, 2003. The investment returns for the equity portfolio was 10.6 % vs. 12.18% and the investment returns for the fixed income portfolio was 1.06% vs. 0.14% for the quarter ended December 31, 2003, Mr. Nash reported that the ass A allocation is as follows: 63.2% Equity; 33.9% Fixed Income and 2.9% Cash. 9 Nov 22 04 03:47p Mr. Nash reported that the S & P 500 rose 12.2% on a total return bases in the 40' quarter. The index was up 28.7% for all of 2003 and this was the largest increase since 1997. Mr. Nash stated that all ten sectors in the S & P 500 inere ised in the 4a' quarter and small caps generally outperformed large cap stocks during the 41' quarter. Mr. Nash reported that the expansion in the economy, supported b;y continued fiscal and monetary policy will support further earnings growth and higher stock prices and the Fund will remain overweighted in equities. Mr. Nash reported the Lehman Aggregate Bond inde -< rose 0.32% on a total return basis during the fourth quarter. It was noted that this was the fourth consecutive positive year for the index. Mr. Nash believes that the 20 year secular decline in interest rates is ending, a sharp rise from this point is uni kely over `he near term given current Federal policy and the vulnerability of interest sensitive secto• -s. As a result, Trusco is positioning portfolio durations neutral relative to benchmarks in )rder to allow the portfolio to ,out - yield" the market, during this low bond yield period. Mr. Nash inquired regarding the best exwution lett,x. Attorney Robinson reported he would draft a letter. A motion by Mr. Freeburg to d -aft a letter and have the Chairman sign as soon as possible was seconded by Ms. Stout -T :te. The motion passed. A motion by Mr. Freeburg to adjourn the meeting a: 10:10 a.m. was seconded by Ms. Stout -Tate. The motion passed. Secretary Q p.4 Nov 22 04 03:47p � G 4.a d] 0 n (� o m c � u � G � F•.I rri �, •y � T V A r� CIS �d qtn p.5 N O CdN 00 P. M 0 0 N m N b ti P, C ro a c V b c� x GO m .fl O Ri d V 110v cc u9+ u;j:48P 0 M c d O O 00 m O O O N N _ N en CIS N ,GOS a" ---- -- ss o o�C) Y� oo 't b °?�4., as —4 � �] � 0 0 C,4 o OS 0 cd a) 0 of '� co a� "i \° rn o O `� CO c� - O .-. U U Gi G bl] w .t � N � '� O � V D U tv 4. � l� 0 ��O++ V ORS e N RS y u ca c •� �. O Q) O d m° p y r 1 O (� C o O. V' aj o �� �'—, v �• X04° • -r Cd O:ON L7 N 'd 0 w �, ... ^• as ++ ®+� O `O wcd aa ) cn i. p N a N O O U -v p O O o tL- air a a0,C p R O1 -•: 0� : O 4. 41 C - y04 r, O �j 4-4 O a ~bp o . O O a) Q) .n O aj ter a) 4-t O O d b. r� cn O O rn O -, y O N p1C9 7�•1 H ° F" H ��• 7Di'. Cy O U • �' O 'D 40 V 0 U + •j 0 cd e� O ul U 0 O •tj C: 0 co P•i U d+ a s N4 Cf2�•j'N �•�"' O ti .U".•O cu U � o cl O l� p Iu 0 MIAMI DAILY BUSINESS REVIEW Published Daily except Saturday, Sunday and Legal Holidays Miami, Miami -Dade County, Florida STATE OF FLORIDA COUNTY OF MIAMI -DADE: Before the undersigned authority personally.appeared O.V. FERBEYRE, who on oath says that he or she is the SUPERVISOR, Legal Notices of the Miami. Daily Business Review f /k/a'Miami Review, a daily (except Saturday, Sunday and Legal Holidays) newspaper, published at Miami in Miami -Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement of Notice in the matter of CITY OF SOUTH MIAMI - PUBLIC HEARING - 1217/2004 ORDINANCE AMENDING SECTION 20 -3.6 (H) (2) (C), ETC. in the XXXX Court, was published in said newspaper in the issues of 11/2.6/2004 Affiant further says that the said Miami Daily. Business Review is a newspaper published at Miami iri said Miami -Dade County, Florida and that the said newspaper has heretofore been continuously published in said Miami -Dade County, Florida, each day (except Saturday, Sunday and Legal Holidays) and has been entered as second class mail matter at the post office in Miami in said Miami -Dade County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he or she has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing thi dvert ise for publication in the said newspaper. Sworn to and subscribed before me this 26 d of IBE A, D, 2004 (SEAL) O.V. FERBEYRE personally known to me a s* Maria 1. Mesa x _ i41;r Commission DD293855 Exairea March 04, 2003 CITY NOTICE WNW . ®F PUBLICHE AIR ING ALL.interesfed parties:are invited to attend and willibe heard. ManaM Menendez Pursuant to +:Flonda Statutes 286.01.05, the City hereby: advises the' public that if: a person decides to appeal any decision ;made by: this; Board Agency or Commission with •respect to any matter- 6onsidered at:? itsmeeting -or heanng, he or:she will:need a record of the proceedingsj? and'sthat for uch'purpose affected;person mayneed to ensure,;that.a vel iatim record of the proceedings is, made which '16616d the testimony and evi dence upon which the appeal is to' be based d. i l /26 `:`0473- 06/50343W ns ea.. u, {a ^aaE G a j,v - rq;seonita •r,a ,. . - I iR &II IE I '� II��[Ili�. � � .l€• cti!,� •tti '6e .� .. COURTESY NOTICE CITY F S UTH MIAMI, FL r ®�4 On Tuesday, December 7, 2004; beginning at 7:30 p.m:,' in the City Commission Chambers, 6130 Sunset_. Drive, the. City Commission will hold Public Hearings to consider the following items: AN ORDINANCE AMENDING THE LAND DEVELOPMENT CODE OF THE CITY OF SOUTH MIAMI TO ELIMINATE THE REQUIRED MINIMUM 60% .OPEN AREA ON THE TOP TWO (2) FEET OF FENCES ADJACENT TO A RIGHT-OF-WAY. AN ORDINANCE AMENDING THE CITY. OF SOUTH MIAMI PENSION PLAN, PROVIDING. FOR ELIGIBILITY AT DATE OF EMPLOYMENT FOR POLICE OFFICER EMPLOYEES OF THE CITY OF SOUTH MIAM1; PROVIDING FOR A MINIMUM RATE OF BENEFIT ACCRUAL FOR POLICE OFFICER EMPLOYEES. A RESOLUTION PURSUANT TO THE LAND DEVELOPMENT CODE FOR RELEASE OF A UNITY OF.TITLE FOR PROPERTY LOCATED AT 6200 SW 60th COURT AND. LEGALLY DESCRIBED AS LOTS 1 AND 2, BLOCK 1, HARRIS ESTATES SUBDIVISION; THE PURPOSE OF THE -REQUEST IS TO PERMIT A RESIDENTIAL BUILDING TO BE CONSTRUCTED ON LOT 2. A RESOLUTION FOR APPROVAL OF THE FOLLOWING TWO PARKING VARIANCES IN ORDER TO PERMIT PROPERTY LOCATED AT 6230 SW 70TH STREET IN AN "RO "RESIDENTIAL OFFICE .ZONING USE DISTRICT TO BE USED AS- A COMMERCIAL OFFICE BUILD— CNG:'(1) VARIANCE FROM THE LAND DEVELOPMENT CODE. TO ALLOW -FOUR :OFF- STREET PARKING SPACES WHERE THE REQUIRED OFF-STREET PARKING IS FIVE SPACES; (2) VARIANCE FROM THE LAND DEVELOPMENT CODE' TO ALLOW REQUIRED PARKING TO BE LOCATED IN THE FRONT SETBACK AREA WHICH IS PROHIBITED IN THE RO ZONING USE DISTRICT. Inquiries concerning this item should be directed to the Planning Department at 305 -663- 6326. ALL interested parties are invited to attend and will be heard. Maria M. Menendez City Clerk Pursuant to Florida -Statutes 286.0105, the .City hereby advises the public that if a person decides to appeal any . decision made by this ' Board, Agency or -Commission - with .respect to any matter considered at its meeting or hearing, he or she will need:a record of the proceedings, .and that for such purpose, affected person may. need to 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. 0 O " n ry N N W (O W O Z 4 Z th th O Q 0 3 ice; • MIAMI DAILY BUSINESS REVIEW Published Daily except Saturday, Sunday and Legal Holidays Miami, Miami-Dade County, Florida STATE OF FLORIDA COUNTY OF MIAMI -DADE: Before the undersigned authority personally appeared O.V. FERBEYRE, who on oath says that he or she is the SUPERVISOR, Legal Notices of the Miami Daily Business Review f/k/a Miami Review, a daily.(except Saturday, Sunday and Legal Holidays) newspaper, published at Miami in Miami -Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement of Notice in the matter of CITY OF SOUTH MIAMI PUBLIC HEARING FOR 3/15/2005 in the XXXX Court, was published in said newspaper In the issues of 03/04/2005 Affiant further says that the said Miami Daily Business Review is a newspaper published at Miami in said Miami -Dade County, Florida and that the said newspaper has heretofore been continuously published in said Miami -Dade County, Florida, each day (except Saturday, Sunday and Legal Holidays) and has been entered as second class mail matter at the post office in Miami in said Miami -Dade County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he or she has neither paid nor promised any person, fine or corporation any discount, rebate, commission or refund for the purpose of securin Pisa v • ant for publication in the said newspap r. Swom to and subscribed before me this 04 day of MARCH A.D. 2005 (SEAL) / " Cheryl H Moaner O.V. FERBEYRE personally Itv�I ItitMMmmtsebn D1 3XM J• RELMON NOTES y, seniors Series will be noon March 24 and . yk "?s •�5(- + ,. +5rr'��•• At q�£j ,.'i "t ,+ r� ••, 'n ;; ars through s � � ace of fabric or an discuss The Things They Carried indkerchfef along by Tim O'Brien. Lisa Jefferies will ms such as illow- lead the session. Bring a baggy P rsu�t Y n r 0, 7 r } �� Ty tux cyCiM -and more to cele- lunch and coffee will be pro- htness of Shabbat. pro- vided. Adult Purim .Megillah ,vial be provided. Reading "Year of the Hat" will be ; or dress accord- 7:30 p.m. March 26. Bring your n Shabbat Service fanciest, funniest hats and cos- Shabbat in an inti -.• tumes. We will read from the U11U. service in in Room Megillah and Chinese food will be eth Am is proud to served. Tickets are $10 per per �` a ya slw a t e r, J , ., ailonal network of son. Gall 305 - 573 =5900. Feed ,. `t 08 'iMr�N'q ' A yna9fo9ueedransfor- with Touclhin9 Miami joint Love �g�rmij? 2enewal dedicated will meet 7:45 to 10:45 a.m. Shabbat 'with a March 27 at Central Baptist sn yyO, 9 ative options in Church on Northeast Fifth Street « ;� t� r rvr`ry ;rayer, study, social and Northeast First Avenue by r.� �j +r,t }4?r�r ` u programming. The the Court Building. We'll prepare L db.reaking of and serve food and do clean up 3v 'x9x WN�t� �t '``�` a `` +r ,t'rit.�- •?7tm,��` � i roun�!r*l` X' ,�z ix#. •eur Sanctuary/Ball- as well as have an opportunity to >I /Administrative have some fascinating conversa- L�i0gQ11�0l1ir ) ®QII1aCttt$0�I11iJ��9��1�d�'r I be at 11:34 a.m. tions with our friends who partic- more infoFination, ipate. Contact us to reserve your Epstein, Develop- slots. Contact Bruce Jay at�q� a �� +,y��t or, ext. 148, jep- 305- 576 -5001, ext.'28. {yl� f tr�V°'�%a�iaT�f org. Family Purim S ;rating Beth Am's Temple samu -El or Olom, ,ns f r «T,,F` � { s� NMt, y will be frofn noon 10680 SW 113th P1.,3as )q11' i wry++ e� arch 13. Cali Susan 305 -271 -5756: Adult B'nai Mitz x 1•�� ,4 ,9NJa,,ly 4_J n a dsh r 0 305-667-7185 or vah class, conducted by Cantor t� ,�locics I aj es�( � iC ohp: re`r w. dd(tip a�Rnllan�eaf q ?%Rdl` °: 2 The Empty Nest- at Contact the Synagogue office* n � atp fl b �ySG { PJR la r L a screening of The for registration. TSOO Youth feels 61 _ ,'s Wife at 7 p.m. Singers will rehearse with Cantor ntact Annie Baran-- Rubin from 5:30 p.m. to 7 p.m. a 151 or aberen- and TSOO Adult Singers will .rg. Purim :Celebra- rehearse with Cantor Rubin from V!j e� ee 5 k Shushan Idol will be 7 :30 p.m. to 9:15 p.m. March 10 irch.24. An evening and 17: Shabbat evening services Y up on for children and will be conducted by Rabbi peciaf activities for David D. Schonblum whose ser- COURTESY NOTICE kets:$15 in advance, mon topic will be "What is a ! or. Children under 5 Shekel?" at 8 p.m. March 11. Can- what5 hot! � ®� �li �� MIA M19 FLORIDA. ire admitted free. die lighting is at 6:10 p.m. Shab- CAD �� A ;kets can be pur- bat morning services will be con - March 22 -Call Lori ducted by Rabbi David D. �'� , � On Tuesday, March 15, 2005, beginning at7: 30p. m.,in the CityCommissionChambers, ext. 114; ` Isolo- Schonblum who will discuss the L 6130 Sunset Drive, the City Commission will hold Public Hearings to consider the ,org; High.. school Torah portion, Pekudei, at 9:30 following items: agues are Tuesdays, a.m. March 12. Shabbat ends at e� AN ORDINANCE AMENDING THE CITY OF SOUTH MIAMI PENSION PLA s and "Thursdays 7:04 p.m. United Synagogue PROVIDING FOR ELIGIBILITY AT DATE OF EMPLOYMENT FOR POLIO - ril 28 for girls and Youth (USY) Havdalah and Des- OFFICER EMPLOYEES OF THE CITY OF SOUTH MIAMI PROVIDING FOR A nine'to-12: A fee is sects at 7:30 p.m. followed at 8 ' ntact.Linda Feffer- p.m. by the USY Talent Show ) MINIMUM RATE OF BENEFIT ACCRUAL FOR POLICE OFFICER tball Coordinator, March 12. Enjoy the songs, acts, that t EMPLOYEES. or Ifeffer- dances and comedy. Admission AN ORDINANCE ADOPTING A DEVELOPMENT AGREEMENT PURSUANT erg BAFTY's annual is' $5 and will benefit our own TO FLORIDA- STATE STATUE 163.3221 FOR A UNIFIED DEVELOPMENT action will be March chapter, USY, Inc. Shabbat eve- happening on PROJECT KNOWN AS "PROJECT SUNSET "WHICH WILL INCLUDE THREE avdalah, dinner and ning services will be,conducted Alon to raise money by Rabbi' David D. Schonblum BUILDINGS UP TO FOUR (4) STORIES IN HEIGHT AND THE FOLLOWING tiny, a camp run by whose sermon topic will be USES: 106 MULTI - FAMILY RESIDENTIAL UNITS, RETAIL USES, OFFICE +derprivileged chic- 'Minding Your Business'. at 8 land or sea. USES, RESTAURANTS, BANK AND A' PARKING GARAGES; ALL FOR Atlanta. Call Amy p.m. March 18. Candle lighting is PROPERTY LOCATED GENERALLY AT 5750 SUNSET DRIVE AND LEGALLY wth director, atext. at 6:13 p.m. Shabbat morning DESCRIBED AS LOTS 6THRU9 ,40THRU45,53THRU66 INCLUSIVE AND . services will be conducted by THE EAST 50 FEET OF LOTS 51 AND 52 OF W. A. LARKINS SUBDIVISION Rabbi David D. Schonblum who ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 3 AT el, 137 NE 19th St., will discuss the Torah portion, p yq PAGE 196 OF THE PUBLIC RECORDS OF MIAMI -DADE COUNTY. DO: Hamentaschen Vayikrah at 9:30 a.m. March 19. ��0A� 101 Course will be Shabbat ends at 7:07 p.m. Purim A RESOLUTION FOR A SPECIAL EXCEPTION APPROVAL TO LOCATE A 10 a.m. March 13. Carnival and Klezmer Concert OFFCESCHETAI DEVELOPMENT DING AT STORY'MIXED USE 62"°EAVENUE IN THE to make Purim's from 10 a.m. to 2:30 p.m. March kfe dough. RSVP to 20. Enjoy the games, rides and e USE 5). (MU -5) ", TRANSIT ORIENTED DEVELOPMENT DISTRICT (MIXED at 305 -573 -5900, tasty foods. Listen to, sing, and 30th Annual Cantor dance the joyful Klezmer songs �7) A RESOLUTION FOR A SPECIAL USE APPROVAL TO'LOCATE FOUR OF "PROJECT SUNSET is Spring Music Fes- and melodies. Kids Club sched- Every d iJ2li'sby GENERAL DEVELOPMENT RAN N THE PART. SR (PROJE)T SPEC ALTY flETAL Ihts of 20th Century ule, open to children in kinder-. �+ HOMETOWN DISTRICT OVER ZONING OIS ICT ALL FOR PROPERTY at 1 p.m. March 13 garten through fifth grade: Meet The Herald. LOCATED GENERALLY AT 5750 SUNSET DRIVE � D LEGALLY DESCRIBED long other cantors, ings will be held on Wednesday AS LOTS 6 THRU 9, 40 THRU 45, 53 THRU 66 IN SIVE AND THE EAST torfal Soloist, Karina evenings, April 13 and May 11. All 50 FEET 'OF' LOTS 51 AND 52 OF W. A. LA INS SUBDIVISION Cost: $18. Call events will be held at the Temple. ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 3 AT 10 to RSVP. Sister- Dues for the year are.$6O, which _ ti ' PAGE 198 OF THE PUBLIC RECORDS OF MIAMI -DADE COUNTY. is "Do- Re- MP'.donor will include regularly scheduled �u�4 Inquiries concerning the above Two Items should be directed to the City Clerk's 11:30 a.m. March 17, activities and snacks. Visit TM ,•° office quint 305.6erning 0: the opportunity to www.tsoomiami.org. F 00 & great people, enjoy ALL interested parties are Invited to.atter d and will be heard. nd contribute to the `° -- Maria M. Menendez ' City Clerk. arams..For reserva- 17 N O O N O 2 U a: a i i, o• ix n Lu0 a Lu Lu u •o m 3 3 ID.