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Res No 168-17-14969RESOLUTION NO.1 68-1 7-1 4969 A Resolution of the City of South Miami establishing a Special Assessment District,including the nature and purpose of the District and its location;a designation of:the area to be improved,the portion of the expense to be paid by assessment and when it is to be paid,lands to be levied,and total estimated cost and procedure for creating the District WHEREAS,pursuant to Chapter 170,Florida Statutes,the City may provide forthe imposition and collection of charges intheform of special assessments;and WHEREAS,Chapter 170,Florida Statutes,provides that a municipality,subject to the approval of a majority of the affected property owners,may assess,levy and collect special assessments against property benefited ina retail business district for the purposes of stabilizing and improving such district through promotion,improvements,maintenance,management, marketing,and other similar services in such districts;and WHEREAS,a majority of the affected property owners must approve of the levy and collection of special assessments against property benefited ina retail business district forthe purposes of stabilizing and improving such district through promotion,improvements, maintenance,management,marketing,and other similar services in such districts;and WHEREAS,the Business Improvement District ("District")concept is based upon collaboration among the City of South Miami,the Red/Sunset Merchants Association and South Miami Hometown,Inc.,with funding tobe generated by special assessments tobe levied on affected property owners within the District who will benefit from the establishment of the District,witha majority of affected property owners agreeing to accept the establishment of a Special Assessment District alsotobe known asthe "South Miami Business Improvement District"forthe purpose of stabilizingandimprovingthebusinessactivityintheDistrict;and WHEREAS,the development of a Business Improvement District will improve the economic activity of the District forthe benefit of affected property owners located within the AssessmentAreaby providing ameanstoorganizeandmanage promotions,marketing,and othersimilarserviceson behalf of allpropertieswithinthe Assessment Area,therebyprovidinga special benefit to such properties;and WHEREAS,the District andthe assessment setforth herein will enhance andspecially benefit the health,safety and welfare of property owners within the District;and WHEREAS,the Assessments tobe imposed in accordance with this Resolution providesforanequitablemethod of fundingandauthorizesDistrictactivitiesbyfairlyand reasonably allocating thecostto specifically benefited properties;and WHEREAS,theCityandthetwo associations have worked with Redevelopment ManagementAssociatestocreateanorganizationplanforaSouthMiamiBusinessImprovement District,includingboundaries,programs,assessment methodology,andpreliminarybudgetfor the District;and WHEREAS,the City Commission desires to create the South Miami Business Improvement District ("SMBID") NOW THEREFORE BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SOUTH MIAMI,FLORIDA,AS FOLLOWS: Pg.2 of Res.\No.168-17-14969 Section 1,Establishment of Business Improvement District A Business Improvement District shallbe established underthefollowingtermsand conditions: (a)Nature of the Improvement The recitals set forth above concerning the nature of theimprovementareherebyadoptedbyreferenceas if fullysetforthhereinandarefoundto be true and correct. (b)Description of Area to be Improved,The proposed Assessment Area shall include the area described in Exhibit 1 attached hereto.The Assessment Area is proposed for the purpose of improving the business and economic environment,enjoyment of property,and funding the provision of the District benefiting propertylocated therein.The City Commission may expand the Assessment Area,in accordance with the procedures utilized to create the District.An assessment plat (amap showing the Assessment Area)andacopy of this resolution showing the estimated cost of the proposed improvement,shallbe available inthe office of theCity Clerk and opento inspection bythe public. (c)Costs to be Paid by Assessment The entire cost of the District shall be paid by special assessment levied against the affected properties that benefit fromthe activities of the District. (d)Manner of Assessing Property.Theratetobe charged the owner for each property intheBusinessInvestmentDistrictshallbeequaltotwothirds of theproduct of theamount of the property's linearfrontagethatisfacingastreetmultiphedbythe assessment rateforthatstreet andonethird of theproduct of thetotalsquarefootage of thebuildinglocatedontheproperty multipliedby $0,775 forthefirstyear.Theratesmaychangeatthediscretion of theBoard of Directors if theproposedexpensesforeachfollowingyearexceedtheamountavailablefor collected based on the assessment formula set forth above but in no event shall the increase exceed5%of theprevious year's assessment. Therateperlinearfootwilldependonthestreet.Streetshavebeen assigned assessment levels based onthe benefit properties onsaid streets will receive.Streets that arethe most prominent (SW 72 andSW 73 Streets)willhavethe highest rates,basedonan allocation that accounts for pedestrian and vehicular traffic that passes infront of the property andthe levels of service provided bytheCityto those properties. oLevelA=$12.00 per linear foot oLevelB=$10.00 perlinearfoot oLevelC=$7.50per linear foot oLevelD=$6.00 per linearfoot The assessment for vacant lotsandparkinglotswillbe50%of thelinearfrontfootrate for improved properties that facethesame streets to which those lots have access: oLevelA=$6.00 per linear foot oLevelB=$5.00per linear foot oLevelC=$3.75per linear foot oLevelD=$3.00 per linear foot Pg.3 of Res.No.168-17-14969 Thelevelassignedtoaparticularroadwayhasbeendesignatedintheattached exhibit 1 to this resolution. Parcelsthathaveless than 300squarefeet of building/vertical improvements thatinclude spacethatisleasedor occupied for commercial activityshallbe assessed as vacant lots. (e)Imposition of Assessment.The Assessments shallbe collected pursuant tothe Uniform Assessment Collection Act when available,orbyany other lawful means.Atthe discretion of theCity,in lieu of using the Uniform Assessment Collection Act,theCitymay elect to collect the assessment byany other method which is authorized by law oras provided by this Resolution.If the collection isin the manner authorized by the Uniform Assessment Collection Act,the Statutory Discount Amount shallbe computed for each assessed Parcel inthe same manner as the amount established by law asthe maximum discount for early payment of ad valorem taxes and non-ad valorem or other assessments. ffl Lands to be Assessed,All property located within the District shall incur a special assessment in accordance with the forgoing manner of assessment. (g)Estimated Costs.The estimated cost allocated to the Assessment Area for the promotion,management,marketing,maintenance,administration,and similar expenses is $200,000.00forthe first year beginning October 1,2018. (h)Duration of the District.The District shall remain in existence foran initial period often (10)years and shall be extended foran additional period often (10)years upon approval of theCity Commission,provided,however,thatupon receipt of a petition executed by Affected Property Owners representing in excess of fifty percent (50%)of the most recent Assessment Roll,City Commission may elect to abolish the District. (i)Approval of Affected Property Owners.This resolution and a ballot shall be delivered by certified return receipt mail tothe Affected Property Owners at their address asit appears onthe Miami-Dade County Property Appraiser/Tax Collector's tax rolls.The mailing shallincludea ballot anda self-addressed stamped envelope forthe return of the ballot tothe CityClerk.The ballot shall explain thatthe Business Improvement District cannot be established without the approval of a majority of the affected property owners andthat if the ownersdesiretohavethe District established,theymust return the ballot totheCity Clerk within 30days of receipt of the Ballot. Section 2.Severability.If any section clause,sentence,or phrase of this resolution isfor any reason held invalid or unconstitutional byacourt of competent jurisdiction,the holding shall notaffectthe validity of the remaining portions of this resolution. Section 3.Effective Date.This resolution shall become effective immediately upon adoptionbyvote of theCityCommission.However,theBusiness Improvement Districtshall notbe established until a majority of the affected property owners have voted infavor of the establishment of the District. PASSED AND ADOPTED this15th day of August 2017. Pg.4 of Res.No.168-17-14969 ATTEST: READ AND LANGUAj FORM, APPROVED MAYOR COMMISSION VOTE:5-0 Mayor Stoddard:Yea Vice Mayor Welsh:Yea Commissioner Harris:Yea Commissioner Edmond:Yea Commissioner Liebman:Yea South11 Miami THE CITY OF PLEASANT LIVING CITY OF SOUTH MIAMI OFFICE MEMORANDUM To:Mayor and City Commission Date:August 15,2017 From:Steven Alexander City Manager Re:Downtown South Miami Business Improvement District Subject A Resolution of the City of South Miami establishing aSpecial Assessment District, including the nature and purpose of the Districtanditslocation;a designation of: the area to be improved,the portion of the expense to be paid by assessment and when itis to be paid,lands to be levied,and total estimated cost and procedure for creating the District. Background During the past several years,the Red Sunset Merchants Association and South Miami Hometown have discussed the creation ofaBusiness Improvement District (BID)to fund enhancements to Downtown SouthMiami.In2015,the organizations,alongwith the Cityof South Miami,engaged Redevelopment Management Associates to prepare a business planfor the BID,and develop a proposed methodology for the special assessments. Chapter170,Florida Statutes,authorizesthe City toimposeandcollectchargesintheformof special assessments,followingapprovalbymostof the affected property owners,for the purpose of stabilizing and improving the area through programs that include promotion,maintenance, management and marketing. Chapter 170 further requires that at the timeof the adoption of the subject resolution,there shall beonfilewith the city,said resolution,an assessment plat showing the area to be assessed,with plans and specifications and an estimate of the proposed improvement.This information is provided in the attached Business Improvement DistrictPlan.Additionally,a property rollwith assessment information is attached. The attached BID plan details: •The reason to create the BID; •Proposed BID programs; •Boundaries and the Assessment Methodology •A sample operating budget; Organization and governance of the BID The proposed boundaries of the BID are the area generally bounded by US 1 to the north,SW57 Avenue to the east,SW61 Avenue to the west,and SW74 Street to the South. If the Resolution is adopted,a vote of the property owners will occur.The resolution and a ballot shallbe delivered by certified return receipt mail to the Affected Property Owners at their address asit appears on the Miami-Dade County Property Appraiser/Tax Collector's tax rolls.Themailing shallincludeaballotanda self-addressed stamped envelopefor the return of the ballotto the City Clerk.Theballotshallexplain that the Business Improvement District cannot be established without the approval ofamajorityof the affected property owners and that if the owners desire tohave the District established,they must return theballotto the City Clerkwithin30daysof receipt of the Ballot. There are 107 properties located within the proposed BID boundaries.Each parcel to be assessed whichhasa separate folio number receivesonevote.Ownershipofat least 54parcels must vote affirmatively to create the BID. An initial budget of $200,000 has been established for the BID's initialyearof operation for the purposes of promotion,management,marketing,maintenance and administration.An assessment methodology has been developed which blends building square feet with linear front feet facing a street. The BID is proposed to haveaninitial term often (10)years. Assessment Methodology The rate to be charged the owner foreach property intheBusiness Investment Districtshallbe equal to two thirds of the product of the amount of the property's linear frontage that isfacinga street multiplied by the assessment rate for that street and one third of the product of the total square footage of the building located on the property multipliedby $0,775 for the firstyear.The rates may change at the discretion of the BoardofDirectorsif the proposed expenses foreach following year exceed the amount available for collected based on the assessment formula set forthabovebutinno event shall the increaseexceed5%of the previous year's assessment. The rate per linear foot will depend on the street.Streets have been assigned assessment levels based on the benefit properties onsaid streets will receive.Streets that are the most prominent (SW72andSW73 Streets)willhave the highest rates,based onan allocation that accounts for pedestrian and vehicular traffic that passesin front of the property and the levelsofservice provided by the City to those properties. •LevelA=$12.00 per linear foot •Level B=$10.00 perlinear foot •LevelC=$7.50 per linear foot •LevelD=$6.00 per linear foot The assessment for vacant lotsandparkinglotswillbe50%of the linear front foot rate for improved properties that face the same streets to which those lots have access: •LevelA=$6.00 per linear foot •LevelB=$5.00 per linear foot •LevelC=$3.75 per linear foot •Level D=$3.00 per linear foot Parcels that haveless than 300 square feet of building/vertical improvements that include space that is leased or occupied for commercial activity shallbe assessed as vacant lots. RECOMMENDATION:Approve the resolution Red Sunset Business Improvement District Property Owner Rollas of information availableonJuly 1,2017 BuildingPortion LinearFrontageby Street Rating 9 Folio Address Building SqFt Assessment A B C D Assessment Total Assmnt.Parking Lot Owner 940360890200 7301 SW 57 CT 1352 $88 $-$88 CRN ENTERPRISES LLC 940360890120 7301 SW 57 CT 1824$119 $-$119 535 PLAZA HOLDINGS LLC 940250300150 5828 SW 71 ST 1,907 $124 50.36 $302 $426 5828 SW 71 STLLC 940360220170 5850 SW 73 ST 20,664 $1,343 146.64 281.71 285.02 $5,289 $6,633 5850 SW 73 STREET LLC 940360220180 7331 SW 59 AVE -$-140.30 108.23 $2,215 $1,107 Yes 5850 SW73STREETLLC 940360290030 5901 SW 74 ST 34,251 $2,226 93.45 422.86 $3,238 $5,464 5901 COSTALLC C/O MARKET STREET RETAIL ETAL 940360890010 7301 SW 57 CT 1988 $129 $-$129 7300 INVESTMENTS LLC 940360890011 7301 SW 57 CT 1665$108 $-$108 7300 INVESTMENTS LLC 940360890012 7301 SW 57 CT 1521 $99 $-$99 7300 INVESTMENTS LLC 940360890013 7301 SW 57 CT 1521 $99 $-$99 7300 INVESTMENTS LLC 940360890014 7301 SW 57 CT 1213$79 $-$79 7300 INVESTMENTS LLC 940360890020 7301 SW 57 CT 3701$241 $-$241 7300 INVESTMENTS LLC 940360890030 7301 SW 57 CT 2047$133 $-$133 7300 INVESTMENTS LLC 940360890050 7301 SW 57 CT 2980$194 $-$194 7300 INVESTMENTS LLC 940360220530 7300 REDRD 8,887 $578 178.52 117.32 $3,315 $3,893 ADPINC 940360890085 7301 SW 57 CT 1186$77 $-$77 ANDREW WEN6ER PHD PA 940360220120 5850 SUNSET DR 6,918 $450 77.31 138.46 $1,966 $2,416 ANDROULAKIS KORRESINC 940250300020 5893 SW 72 ST 2,862$186 63.34 104.44 $1,543 $1,729 ANDROULAKIS KORRES INC 940360320010 7400 REDRD 5,346 $347 276.38 $1,658 $2,006 AWAD BAIG INC 940250310060 5701 SW 72 ST 299,725 $19,482 486.21 1,718.22 $18,721 $38,203 FRrT SHOPS AT SUNSET PLACE 940360220540 7230 REDRD 7204 $468 77.37 119.32 $2,122 $2,590 BALOGH ERDHEIM PARTNERSHIP 940360220040 5734 SUNSET DR 6,596$429 35.26 $423 $852 BALOGHFAMILYHOLDINGSLTD 940360270020 6050 SDIXIEHWY 6,275 $408 92.56 165.90 $1,690 $2,097 BARDISA ENTERPRISES LLC 940360890040 7301 SW 57 CT 2940 $191 $-$191 BILLFISH INVESTMENTS LLC 940360890160 7301 SW 57 CT 2482 $161 $-$161 BLUE GROUP MEDIA INC 940360890140 7301 SW 57 CT 2107$137 $-$137 CHILD PSYCHOLOGY ASSOCIATES PA 940360220080 5796 SUNSET DR 6399 $416 54.95 93.18 $1,358 $1,774 CINQUE PARTNERSLTD 940250300100 5820 SDIXIE HWY 5373 $349 415.57 145.63 $3,991 $4,340 COLLEGIATE MKTG INC 940250300070 5801 SW 72 ST 6,791$441 93.37 119.90 $2,020 $2,461 COURTNEY SUNSET LLC 940360220341 5800 SW 73 ST 1,789$116 85.38 120.69 $1,759 $1,875 CREDO HOLDINGS LLC 940360890210 7301 SW 57 CT 1352$88 $-$88 CRN ENTERPRISES LLC 940360220090 5800 SUNSET DR 18367 $1,194 232.91 103.88 $3,574 $4,768 DABBY PROPERTIES 940360220110 5840 SUNSET DR 4,587 $298 52.65 93.43 $1,333 $1,631 DABBY PROPERTIES 940360220150 5898 SUNSET DR 4,567 $297 102.41 164.13 $2,460 $2,757 DIVERSIFIED INVESTMENTS OF FLORIDA CORP 940360290110 6022 SDIXIE HWY 5,543$360 110.38 124.09 $1,572 $1,933 S MIAMI RETAIL BHLLC 940360270011 6030 SDIXIEHWY 4,504 $293 66.15 67.02 $898 $1,191 DIXIEACQUISITIONSNUMBERONELLC 940360300010 -$-47.97 $288 $288 DIXIE ACQUISITIONS NUMBER ONELLC 940360270090 7435 SW 61 Ave 2,233$145 166.31 $998 $1,143 DIXIEACQUISITIONSNUMBERONELLC 940360320020 5730 SW 74 ST 6,664$433 378.06 $2,268 $2,702 BLANCKHOLDINGSLLC and J MARKQUINLIVAN 940360220160 5885 SW 73 ST 9,871 $642 285.78 $2,143 $2,785 EVIENNE INV INC 940360320030 7420 SW 57 AVE 748$49 214.68$1,288 $1,337 FS STORES INC 940360890230 7301 SW 57 CT 2488$162 $-$162 GARSH INVESTMENTS LLLP 940360890190 7301 SW 57 CT 885$58 $-$58 GATEWAY INTEREST LLC 940360890170 7301 SW 57 CT 3884 $252 $-$252 GB 57 LLC 940360890150 7301 SW 57 CT 1680 $109 $-$109 GFS CORP 940360890220 7301 SW 57 CT 1352 $88 $-$88 ANP 510 LLC 940250300130 5840 SW 71 ST 5,448$354 75.92 $456 $810 GROUPER SOMI LLC 940360290080 5958 SDIXIEHWY 9,827$639 250.85 193.63 $3,043 $3,682 GRSTSOMI INVESTORS LLC C/O BRADLEY SAFCHIK 940360240070 5930 SDIXIE HWY 1366 $89 61.93 $464 $553 HARVEY AMSTER &W ELLEN& 940360220130 5864 SUNSET DR 3,449$224 105.92 $1,271 $1,495 JALI LLC 940250310170 5795 SUNSET DR 7,082 $460 261.10 $1,958 $2,419 JECFUNDINGINCC/OCVS PHARMACY INC 940250300110 5830 SDIXIEHWY 1333 $119 .84.87 98.73$1,229 $1,348 KURT L ANDERSON 940360890080 7301 SW 57 CT 1085$71 $-$71 L RICHARD MATTAWAY LISAC MATTAWAY 940360290070 5940 SW 73 ST 6,321 $411 130.07 47.35 $1,585 $1,996 LINDA COURT INC 940360290060 7311SW59CT 3,798$247 98.16$589 $836 LINDA COURT INC 940360220010 5700 SUNSET DR 34,901 $2,269 382.20 $4,586 $6,855 LOUIS MJEPEWAYJR 940360220260 5829 SW 73 ST 7,620 $495 287.97 229.39 $4,600 $5,095 MARK RICHMAN PROPERTIES INC 940360220140 5880 SUNSET DR 6,616 $430 80.44 $965 $1,395 HARRIET LHARRISTRS MARCHALL SHARRISREV TRUST Red Sunset Business Improvement District Property Owner Rollas of information availableonJuly 1,2017 Building Portion LinearFrontageby Street Rating 9 Folio Address Building SqFt Assessment A B C D Assessment Total Assmnt.Parking Lot Owner 940360890100 7301 SW 57 CT 2482$161 $-$161 MICHAEL ECRIDEN PA 940360890110 7301 SW 57 CT 1680$109 $-$109 7300 INVESTMENTS LLC 940360290010 5900 SW 73 ST 18,368 $1,194 159.35 191.16 $3,027 $4,221 ORENSE COMPANY 940250300060 5825 SUNSET DR 21,420 $1,392 106.48 $1,278 $2,670 PETER PREVITITR 940360890001 7301SW57CT 3959$257 153.03 310.06 141.96$4,708 $4,965 REDSUNSET PROPERTIESLLC 940360220380 7211 SW 58AVE 3,003 $195 115.75 $868 $1,063 REMSEAOLIVLLC 940360240010 5900 SUNSET DR 8,770 $570 215.99 $1,620 $2,190 ROBINS PLAZALLC 940360240050 5920 SUNSETDR 6,090 $396 61.50 $461 $857 ROBINS PLAZA LLC 940360240060 5922 SDIXIEHWY 3,275$213 47.54 $357 $569 ROBINS PLAZA LLC 940360240090 5946 SDIXIE HWY 1,840$120 109.22 187.61 $2,499 $2,619 ROBINS PLAZA LLC 940360240140 7230 SW 59AVE -$-132.42 $1,324 $662 Yes ROBINS PLAZA LLC 940360240150 7230 SW 59AVE -$-23.08 $231 $115 Yes ROBINS PLAZA LLC 940360240160 7230 SW 59 AVE -$-34.29 $343 $171 Yes ROBINS PLAZA LLC 940360240170 7230 SW 59 AVE -$-88.42 77.06 $1,462 $731 Yes ROBINS PLAZA LLC 940360240180 7230 SW 59 AVE 4,830$314 83.00 $623 $936 ROBINS PLAZA LLC 940360240190 -$-63.75 $478 $239 Yes ROBINS PLAZA LLC 940360220050 5738 SUNSET DR 18,958$1,232 100.14 134.21 280.54 $4,648 $5,880 SEVEN SKIESCO NV 940360890060 7301 SW 57 CT 1650$107 $-$107 7301SW57CTLLC 940360890130 7301 SW 57 CT 2784$181 $-$181 SKIPPERJOE'SLLC 940360220430 5791 SW 74 ST 2,582$168 252.98 279.91 $3,577 $3,745 SO MIAMI CORP 940360220450 7320 SW 57 CT -$-58.73 $352 $176 Yes SO MIAMI CORP 940360220240 5859 SW 73ST 7,012$456 287.58 $2,157 $2,613 SOMA CORPORATION 940360320040 7400 SW 57 CT 7,709$501 201.14 $1,207 $1,708 SOMI7400 LLC 940360290090 5966 SDIXIE HWY -$-58.84 19.35$557 $557 SOMi CENTER LLC 940360290100 5970 SDIXIE HWY -$-47.96 64.96$749 $749 SOMI CENTER LLC 940360290120 -$-237.98 $1,428 $1,428 SOMI CENTER LLC 940360220280 5824 SW 73 ST 12,142$789 140.34109.03 $2,221 $3,010 SOUTH MIA CENTER LLC 940360220060 5750 SUNSET DR 29,781$1,936 118.60 134.56 260.59 $4,723 $6,659 SOUTH MIAMI CORP 940360220070 5760 SUNSET DR 8,081$525 99.54 $1,194 $1,720 SOUTH MIAMI CORP 940360220400 5795 SW 73 ST -$-142.00 51.12 $1,803 $902 Yes SOUTHMIAMICORP 940360220410 5795 SW 73 ST -$-282.28 121.51 $3,734 $1,867 Yes SOUTH MIAMI CORP 940360220420 5795 SW 73 ST -$-89.94 $675 $337 Yes SOUTH MIAMI CORP 940360220290 5801 SW 74 ST -$-61.93 $464 $232 Yes SOUTH MIAMI CORP 940360220300 5801 SW 74 ST -$-58.54 $439 $220 Yes SOUTH MIAMI CORP 940360220310 5801 SW 74 ST -$-60.20 141.48 $1,300 $650 Yes SOUTH MIAMI CORP 940360220320 5801 SW 74 ST -$-117.61 144.14$1,747 $873 Yes SOUTHMIAMICORP 940360220330 5801 SW 74ST -$-59.80 $449 $224 Yes SOUTH MIAMI CORP 940360220440 7320 SW 57CT -$-57.20$343 $172 Yes SOUTH MIAMI CORP 940360220520 7390 SW 57 AVE 6,941$451 154.33 143.55$2,713 $3,164 STEPHEN HESSEN COOFFLA 940360300030 7400 sw 59 PL 8,809$573 120.00 $720 $1,293 West Caribe LLC 940250300050 5837 SUNSET DR 9,342$607 119.38 $1,433 $2,040 SUNSET 58 LLC 940250300040 5855 SW 72 ST 4,347$283 49.58 $595 $878 SUNSET 58 LLC 940250300010 5875 SUNSET DR 9,636$626 105.42 104.36 $2,048 $2,674 SUNSETONEPROPERTIESLLC CO/ROBERTGBERRIN 940250300030 5857 SUNSET DR 14,607$949 88.48 214.08 17.86$2,775 $3,724 SUNTRUST BANK MIAMI NA 940360220340 5818 SW 73ST 4,012$261 69.99 $700 $961 THOMAS ARMOUR YOUTHBALLETINC 940360300030 8,809$573 163.02$978 $1,551 WEST CARIBE LLC 940360300010 -$-48.00$288 $288 S MIAMI RETAILBHLLC 940360890070 7301 SW 57CT 2200$143 137.17$823 $966 WON HOLDINGSLLC 940360890180 7301 SW 57CT 1675$109 $-$109 WYNBROOK PROPLLC Totals 848,338 $55,142 2,965 2,630 8,913 4,835 S 157,737 >202,980 Downtown South Miami Business Improvement District Plan Prepared by Redevelopment Management Associates for Red Sunset Merchants Association South Miami Hometown,Inc. City of South Miami Red Sunset Business Improvement District Business Plan Downtown Business Improvement DistrictPlan Table of Contents Introduction 3 Why Form the South Miami BID?4 Proposed BID Programs 6 Boundaries and BID Assessment Methodology 8 BID Operating Budget 11 Organization and Governance ofthe BID 12 Exhibit A-Draft Resolution 13 ExhibitB -Draft Letter to Owners 17 ExhibitC-Draft Notice to be Published 18 RMA Red Sunset Business Improvement District Business Plan Introduction WhatisaBusiness Improvement District (BID)?A BID isa legal mechanism for property owners and businesses ina defined geographic area tojointly plan and put in place a sustainable funding source that can pay fora set of services to improve their area.In the case of South Miami BID,the BID's mission envisions programming and benefits to businesses and commercial properties that will include enhanced safety,marketing, advocacy,promotions,and maintenance.BID services will be in addition to services currently provided by the City of South Miami.The South Miami BID will serve as an organizational mechanism to ensure that the management and activities within the South Miami's public space is beneficial not only to the Districtitself,but also to the City and surrounding residential community.The BID serves as a unified voice and centralized communication center that speaks equally among allofits stakeholders which isof particular importance in building a strong and positive relationship with the City.Importantly,the BID isa critical tool to ensuring that property values continue to riseforall property owners in and around the Cityof South Miami and a mechanism to help all businesses in the district. The following isa summary of primary characteristics of the South Miami BID,the detail of which is provided inthis Business Plan: Name:South MiamiBusiness Improvement District (BID). Proposed Boundaries:Generally US 1to the North;Red Road (SW 57th Avenue)to the East;SW 61st Avenue to the West;SW74th Street to the South. Potential BID Programs:Marketing,Landscaping &Aesthetics,Special Events,Advocacy, Maintenance and Public Relations. Budget:$200,000 annually Method of Assessment:Blended Methodology of Weighted Linear Front Footage and Total Building Square Feet The basic premise ofa BID is that the City agrees to continue to provide a base levelof service and that the BID may provide enhanced services,such asextra police protection for expanded special events,maintenance for specialty landscaping, downtown marketing programs,cleaning after special events,whileprovidingfora unified voice to advocate on behalf of the district's stakeholders. 3 RMA Red Sunset Business Improvement District Business Plan Useof these funds will be governed by the Board ofDirectorsofa new not-for profit organization created to oversee the BID.The Board will include property arid business owners in the district,the Cityof South Miami and will ensure representation ofall interests.The process for establishing the District and ensuring that funds are collected and properly spent will be governed byFlorida Statutes,Chapter 170 and by an agreement between the new not-for profit organization and the Cityof South Miami. Why Form the South Miami BID? The first BID established in the US was in the Cityof New Orleans in 1974 and,since then, there have been more than 1,200 BIDs created nationally.The continual growth of BIDs nationwide isa testament to the success that many of these organizations achieved over a long period of time.Though gauging success among BIDs varies greatly by community/there are often common evaluations including but not limited to:increased sales;stronger occupancy rates;improved pedestrian traffic;support for larger events; and/or increased permit activity.Perhaps the most important measure,however,is likely to be the increase in property values within the BID.A City-wide analysis of New York City BIDs indicates the value of commercial properties within the BID's boundary increases significantly more rapidly than other,comparable properties in the neighborhood.Our estimates suggest that impacts are as large as IS percentage points1 .'?'"•I SHOP '•'.«.•'.""'•!DIKE Slj Until recently,the utilization of BIDs in Miami Dade County was relatively limited.However,thisis quickly changing and the growing interest and need for BIDs in our own backyard is clearly evident.Coral Gables (commonly branded as Downtown Coral Gables and Miracle Mile)was among the first BIDs established within the County,which was initially formed in1997,and has since enacted two successful BID renewal terms (in2005 and 2012).The Coconut Grove Bid was formed in 2009,followed by the recently formed Wynwood and Lincoln Road BIDs.Additional BIDs have recently been contemplated for the Miami Design District,the MIMO District and Doral Tile and Marble District. Furman Center PolicyBrief:The Benefits of Business Improvement Districts:EvidencefromNewYorkCity(2007) RMA Red Sunset Business Improvement District Business Plan The proposed Business Improvement District (BID)could focus on improving the commercial district in the area east of US1 between Red Road and SW 64th Avenue by acting as an advocate for Downtown South Miami,promoting a new image for the district,and establishing an annual marketing program in order to compete with other South Florida shopping and dining destinations.The BID would represent the interests of both property and business owners and provide an ongoing,dedicated source of revenue to support BID programs,and to work in partnership with the City for the enhancement of the neighborhood forall South Miami stakeholders. Objectives of the proposed Business Improvement District (BID): ,o identify and implement organization strategies to advocate for Downtown South Miami issues including parking,urban design/image,maintenance,improvements,and zoning/permitted uses to enhance Downtown South Miami for all stakeholders. To create a unified voice for the broader Red Sunset business community and advocate on behalf of district stakeholders at the Cityof South Miami and Miami-Dade County. To strengthen the district's identity,identify and implement marketing and public relations strategies to promote and market Downtown South Miami as a unique destination for dining,shopping,and recreation to South Florida residents and visitors to the area. fo establish benchmarks f To encourage Stakeholder participation and responsi To create a steady source of funding for BID programs including area and aesthetic improvements and maintenance, marketing,public and government relations. RMA Red Sunset Business Improvement District Business Plan Proposed BID Programs A Downtown South Miami BID could accomplish these objectives by developing strategies to improve the Downtown area,through advocacy and image-based marketing. The BID's Board of Directors (made up of property and business owners)will determine the BID's operating plan annually based upon priorities and goals agreed upon by committee.The following provides a summary of recommended programs for the first year of BID operations.The Board may amend program activities from time to time within the general categories authorized by state law and in the approved annual operating plan and budget.Final programs and budgets will be subject to the annual review and approval of the BID Board of Directors. BID PROGRAMS Marketing Implement programs that identifya "brand"for Downtown South Miami and promote image/brand through website(s),social media,publicrelations,and advertisingfor its businesses. The benefits ofa BID are that it provides enhanced buying power,economies of scale, and serves as a mechanism for implementation of these activities and an ongoing source of funding.The activities of the BID would supplement,and would not replace, anyroutineactivitiescurrently undertaken or funded by the CityofSouth Miami or individual business owners.Some activities that the BID could undertake include: ♦Special Events ♦Walking Guide /Brochure ♦Website ♦Advertising ♦Social Media and Public Relations ♦Coordination with GMCVB and other marketing initiatives Proven success of image-based improvement initiatives can be seen in BID districts throughout the nation as wellasin the state ofFlorida,such as the BIDs in Coral Gables (www.shopcoralgables.com)and Naples (www.fifthavenuesouth.com). RMA Red Sunset Business Improvement District Business Plan Aesthetics ♦Landscap/ng ♦Maintenance and upkeep by part-time BID Street Personnel -services may include cleaning,litter maintenance,event assistance,visitor/customer assistance,and identification of issuesfortheCityto address. Advocacy ♦More effective communication withCityAdministration and Elected Officials- workwiththeCitytoestablish and maintaina baseline of municipal services for the district,especially Security and Sanitation. ♦Parking -encourage the Cityto implement "user friendly"parking solutions and explore further the need to create additional parking spaces in the Downtown area,including the possibilityof new parking structures. ♦Future Streetscape Improvements -workwith the City and County to identify future opportunities for streetscape improvements,capital improvements, lighting and signage. ♦Fagade Improvements -encourage property and business owners to improve facades and awnings through Miami-Dade "Mom &Pop"Grants and any future funding sources. ♦Downtown Code Enforcement -encourage property and business owners to workwith the Citytoidentify priority code enforcement issues and effective strategies for improvement. ♦Zoning-encourage a comprehensive review of zoning code to ensure that commercial and mixed-use zoning is most conducive to increasing business and creating the best business climate/environment. Additional Opportunity ♦Expansion toincludeCoralGablesand Unincorporated Miami-DadeCounty properties east of Red Road to share inthecosts,including futureRed Road improvements efforts. RMA Red Sunset Business Improvement District Business Plan Boundaries and Assessment Method The proposed boundaries are identified in the following map,and include properties that ?are located between US 1,Red Road (SW 57^Avenue),SW61st Avenue,and SW74th Street.A significant amount of time and thought went into the identification of the boundaries and the methodologies, including involvement from the Red Sunset Merchants Association and South Miami Hometown Inc. property owners association,from downtown property and business owners,the Cityof South Miami,and from the professional staff of RMA.The boundaries were chosen based on the immediate needs and can be expanded at a later date. Authority Chapter 170,Florida Statutes,provides that a municipality,subject to the approval ofa majorityof the affected property owners,may levy and collect special assessments against the property benefited inaretail business districtfor the purposes ofstabilizing and improving such district through promotion,management,marketing and other similar services in such districts.A BID isa special assessment district.The BID assessment will be collected as part of the property tax bill. Assessments can be based upon: •Linear front feet facing a street •Assessed value of the parcels •Parcel area •Building Square Footage II m VlcnE H U3 RMA Red Sunset Business Improvement District Business Plan For the South Miami BID,a blended methodology is being utilized.Under this methodology,2/3 of the assessment revenue is based on the linear front feet and 1/3 is based on the total square feet of the building.Vacant lots and parking lots without buildings will pay a rate per linear foot that is 50%of the linear front foot rate.Owners will be assessed based on a combination of total building square feet and the amount of linear feet of street frontage. Linear Foot Methodology The rate per linear foot will depend on the street.Streets have been assigned assessment levels based on the benefit properties on said streets will receive.Streets that are the most prominent (SW 72nd and SW 73rd Streets)will have the highest rates, based on an allocation that accounts for pedestrian and vehicular traffic and levels of service. •LevelA=$12.00 per linear foot •LevelB=$10.00 per linear foot •Level C=$7.50 per linear foot •Level D=$6.00 per linear foot The assessment for vacant lots and parking lots will be 50%of the linear front foot rate for improved properties: •Level A=$6.00 per linear foot •Level B=$5.00 per linear foot •'Level C=$3.75 per linear foot •Level D=$3.00 per linear foot Square Foot Methodology The assessment per square footofbuilding area is $0.07736.This assessment is only applied to the square footage withinabuilding that is utilizedfor commercial activity. Example For example,a1,500 square foot commercial property located on a 100'x 50'lot,with 50'facing aLevelBStreet (73rd St.),would pay the following annual assessment: Linear Methodology:50 feet x $10.00 =$500 Square Foot Methodology:1,500 sq ftx $0.07736 =$116.04 Total Assessment:$666.04 or $55.50 per month RMA Red Sunset Business Improvement District Business Plan Only parcels that include frontage on a street or structures of at least 300 square feet that include space that is leased or occupied for commercial activity shall be assessed and are eligible to vote on approval of the BID and its ongoing governance. The resulting South Miami BID would be asmalldistrict and create a relatively small annual assessment of approximately $200,000 per year.For comparison purposes,the last annual assessment for the Coral Gables BID was approximately $800,000. 10 RMA Red Sunset Business Improvement District PI pfll ic'fe •^^^1p.^^!••:^i"-f;.r:r:•qi:.:l•f.''':: -1 F:-*l*^-Hm E»i !-P3 m Red Sunset Business Improvement District Study Area 1 li Business Plan RMA Red Sunset Business Improvement District ^Business Plan Proposed BID Operating Budget In order to provide efficiencies and commit the largest amount of funding possibleto BID programs,the BID may outsource implementation and administration toa firm that provides similar services to other BIDs,CRAs,and cities,rather than employ full time staff. It is estimated that this approach could reduce administrative costsby $100,000 and allow for the addition of social media and enhanced public relations efforts.A first-year budget for the BID might contain the following components, althougha final budget notto exceed $200,000 would be created bythe BID Board of Directors once itis formed. Proposed Annual Budget Contracted Staffed Events $8,000 $6,000 Walking Guide $2,500 $0 Website $3,900 $7,200 Advertising $43,000 $43,000 Social Media /PR $33,600 $3,500 Implementation/Contract Marketing Staff $60,000 $0 Total Marketing $133,000 $41,700 Landscape and Upkeep $10,000 $3,300 Personnel (Maint/Sanitation/Ambassadors)$30,000 $30,000 Total Aesthetics $40,000 $33,300 Executive Director $0 $75,000 Office Space/Utilities $0 $11,000 Printing and Supplies $3,000 $3,000 Insurance/Legal $3,600 $3,600 Memberships $1,200 $1,200 Secretary $0 $15,000 Misc $1,200 $1,200 Total Administration $9,000 $110,000 Total BID Budget $200,000 $200,000 12 RMA 1 1 i Red Sunset Business Improvement District Business Plan BID Organization and Governance Chapter 170,Florida Statutes,provides that a municipality,subject to the approval ofa majority of the affected property owners,may levy and collect special assessments against property benefited inaretailbusinessdistrictfor the purposes ofstabilizing and improving such district through promotion,management marketing,and other similar services in such districts. Creation ofa BID would require actions approved bytheSouth Miami CityCommission. These actions include: •Resolutionof the CityCommission-This resolutionwould include the proposed cost of improvements,required public and property owner notice,location of the retail districtto be improved,the expense to be paid by special assessments,and when assessments are to be paid. •Voteofthepropertyowners-Following approvalofthe Resolution by City Commission,property ownersof affected propertieswould vote on creation of the BID.To apply the assessment,there would need to be a majority (50 percent plus one)ofpropertyowners approving the BID.Each Folio (parcel)represents one vote, and property owners that do not vote would be considered a "no"vote. •Public Hearing/Equalizing Board -Upon theapprovalofthe BID bytheproperty owners,theCity Commission wouldholda final publichearing,whichwouldinclude an equalization hearing to consider complaints asto the special assessments. ABoardof Directors ofanew not-for-profit organization BID)would manage the BID. According todiscussionsto date,an example of the composition ofa BID Boardof Directors will include7votingmembers,six ofwhomserve staggered three-year terms. •3 property owners from the District*; •3 business owners from the District; •1 representative from the CityofSouthMiami (permanent) *At least one representative must be from the Shops at Sunset Place; RMA recommends the Downtown South Miami BID assessment be proposed for an initial period often years and be extended for an additional periodof ten years upon approval ofthe City Commission.However,upon-receipt ofapetition executed by affected property owners representing in excessof fifty percent (50%)ofthemost recent assessment roll,the Commission may elect toabolish the District.Key to consideration of extension to the District would be its successful implementation of the advocacy,marketing and other BID programs. 13 RMA Red Sunset Business Improvement District EXHIBIT A DRAFT RESOLUTION SOUTH MIAMI BUSINESS IMPROVEMENT DISTRICT Business Plan WHEREAS,pursuant toChapter 170,Florida Statutes,the City mayprovidefor the impositionand collection of charges in the form of special assessments;and WHEREAS,Chapter170,Florida Statutes,provides that a municipality,subjectto the approvalofa majorityof the affected property owners,maylevyandcollectspecialassessmentsagainstpropertybenefitedina retailbusinessdistrictfor the purposes ofstabilizingandimprovingsuchdistrict through promotion, improvements,maintenance,management,marketing,and other similarservicesinsuchdistricts;and WHEREAS,theBusinessImprovement District concept isbaseduponcollaborationamong the Cityof South Miamiand the Red/Sunset Merchants Association and South Miami Hometown,Inc.,with funding to be generatedby special assessmentstobe levied on commercial propertyownerswithinthe District,with commercial propertyownersagreeingtoaccepttheestablishmentofanAssessmentAreaforthecreationofa Business Improvement District intended tostabilizeandimprovebusiness activity;inaccordancewith the termsand conditionsofanAgreement that maybe entered into between anot-for-profitcorporationestablishedby property owners within the Districtand the City;and WHEREAS,the development ofaBusiness Improvement District will improve the economic activityof the Districtfor the benefitof property ownersandbusinesseslocatedwithin the AssessmentAreabyprovidinga meanstoorganizeand manage promotions,marketing,and other similarservicesonbehalfofall properties within the Assessment Area,thereby providinga special benefit tosuch property;and WHEREAS,theBusiness Improvement Districtis substantially composed ofsimilarlyzonedparcelsand It isfairand reasonable tousea computation using the taxablevalueof property,as determined by the most recent taxrollsdevelopedbytheMiami-DadeCountyPropertyAppraiser,multipliedbyanumericfactor;and WHEREAS,the District and the assessment set forth herein enhance and specially benefit the property owners and improve the health,safety and welfare of property owners within the District;and WHEREAS,the Assessments tobe imposed in accordance withthisResolution provide an equitable method offunding authorized District activities byfairlyand reasonably allocating the costtospecially benefited properties;and 14 RMA Red Sunset Business Improvement District Business Plan WHEREAS,the City and the two associations have worked with a contractor,Redevelopment Management Associates,tocreatean organization pjafjj fora Downtown South Miami Business Improvement District,including boundaries,programs,assessment methodology,and preliminary budget for the District;and » WHEREAS,the City Commission desires to create the Assessment Area. NOW THEREFORE BEIT RESOLVED BYTHECITYCOMMISSIONOFTHECITYOFSOUTH MIAMI, FLORIDA,AS FOLLOWS: SECTION 1.ESTIMATED BUSINESS IMPROVEMENT COST. TheestimatedCostallocatedto the AssessmentAreaforthepromotion,management,marketing, maintenance,administration,andsimilarexpensesis$200,000.00for the firstyearbeginningJanuary1, 2016.TheCostidentifiedherein will befundedthroughthe imposition ofAssessmentsagainstproperty locatedintheAssessmentAreain the mannersetforthin Section 9hereof,beginning intheyear2016. SECTION 2.ASSESSMENT ROLL TheCityManagerisherebydirectedtoprepareapreliminaryAssessment Roll inthe manner providedin Chapter 170,Florida Statutes for the Assessment Area. The City Manager shallcomputeandallocatethe Assessments forthe District among the parcelsofreal property within the AssessmentAreaasreflectedon the Tax Roll inconformitywithSection9hereof. TheAssessment Roll shallbemaintainedonfileintheofficesof the CityManagerordesigneeandopen topublicinspection.Theforegoingshallnotbeconstruedtorequire that theAssessment Roll bein printed form iftheamountofthe Assessment foreachpropertycanbedeterminedbyuseofacomputer terminal or Internet accessavailableto the public. SECTION 3.PUBLIC HEARING. Apublichearing will beconductedbythe City Commission atp.m.onat the City Commission Chambers,to consider imposition of the Assessments for the District. SECTION 4.NOTICE BY PUBLICATION. UponcompletionofthematerialsrequiredbySection2hereof,theCityManagershallpublishnoticesof the publichearingauthorizedbySection3hereofinthemannerand the timeprovidedinChapter170, Florida Statutes.Suchnoticeshallbeinsubstantially the form attached hereto asExhibitC. SECTIONS.NOTICE BY MAIL. Uponcompletionof the preliminaryAssessment Roll,the City Manager shall,at the timeandin the manner specifiedinChapter170,FloridaStatutes,providefirstclassmailednoticeof the publichearing authorizedbySection3hereoftoeachpropertyownerproposedtobeassessedat the addressindicated on the Tax Roll.Suchnoticeshallbeinsubstantially the form attached hereto as Exhibit B. SECTION 6.DESCRIPTION OF PROPOSED ASSESSMENT AREA. The proposed Assessment Area shall include the area described inExhibitD attached hereto.The Assessment Areais proposed for the purpose of improving the business and economic environment, enjoyment of property,andfunding the provisionof the District benefiting property located therein.The CityCommissionmayexpand the Assessment Area,in accordance with the procedures utilizedto create 15 RMA Red Sunset Business Improvement District Business Plan the District. SECTION 7.IMPOSITION OF ASSESSMENTS. Assessmentsshallbeimposedagainstrealpropertylocatedwithin the AssessmentArea,the annual amount and term ofwhichshallbe computed for each property in accordance with this Section.When imposed,the Assessment foreachYearshall constitute alien pursuant toChapter170,Florida Statutes upon the TaxParcels located in the Assessment Areaas described in the Assessment Role. SECTION 8.DETERMINATION OF APPORTIONMENT APPROACH. In determining the method of apportionment,itisfairandreasonabletotakeinto consideration the distinctions between the relativepositionof owriers ofcommercial properties,owners of property identifiedbyindividual Folio Numbersand utilized solelyforresidentialpurposes,property ownedby religious institutions,governmentalagencies,and other propertiesexemptedfrompaymentof local taxes or special assessments. SECTION 9.COMPUTATION OF ASSESSMENTS. TheAssessmentAreaissubstantiallycomposedofsimilarlyzonedparcels.Accordingly,itisfairand reasonabletousea computation usingthetaxablevalueofproperty,as determined by the mostrecent taxrollsdevelopedbythe Miami-Dade CountyProperty Appraiser,multipliedbyanumericfactor. ThemethodforcomputingAssessmentstofund the authorizedactivitieswithin the Assessment Areais baseduponlinearfrontage facing astreet multiplied bytheassessmentrateforthat street plustotal building squarefeet multiplied by $0,775 forthefirstyear.Foreachyearthereafter,theratesshallbeno more than 5%higher than the previous year. Therateperlinearfoot will dependonthestreet.Streetshavebeenassignedassessmentlevelsbasedon the benefit properties on said streets will receive.Streets that are the most prominent (SW 72n and SW 73rd Streets)will have the highest rates,based onan allocation that accounts for pedestrian and vehicular traffic and levels of service. oLevelA=$12.00 per linear foot oLevelB=$10.00 per linear foot oLevelC=$7.50 per linear foot o Level D=$6.00 perlinearfoot The assessment forvacantlotsandparkinglots will be50%ofthelinearfrontfoot rate forimproved properties: o Level A=$6.00 perlinear foot o Level B=$5.00 perlinearfoot oLevelC=$3.75 per linear foot oLevelD=$3.00 per linear foot STATUTORY DISCOUNT AMOUNT.The Statutory DiscountAmountshallbe computed foreach assessment Parcelin the same manner as the amount established bylawas the maximum discount for early payment ofad valorem taxes and non-ad valorem or other assessments. SECTION 10.METHOD OF COLLECTION. The Assessments shallbe collected pursuant to the Uniform Assessment CollectionAct when available, 16 """""RMA Red Sunset Business Improvement District Business Plan orbyany other lawful means.At the discretion of the City,inlieuofusing the Uniform Assessment CollectionAct,the Citymay elect to collect the assessment byany other method whichis authorized by law or as provided by this Resolution. SECTION 11.SEVERABILITY. Ifanyclause,section orprovisionofthisResolutionshallbedeclared unconstitutional orinvalidforany reason or cause,the remaining portion ofsaid Resolution shallbeinfull force and effect and bevalidasif suchinvalidportion thereof hadnotbeen incorporated herein. SECTION 12.DURATION OF THE DISTRICT TheDistrictshallremainin existence foraninitialperiod often (10)years andshallbe extended foran additionalperiod often (10)yearsuponapprovalofthe City Commission,provided,however,that upon receipt ofa petition executed byAffectedPropertyOwners representing inexcessoffifty percent (50%) of the most recent Assessment Roll,CityCommissionmayelecttoabolish the District. SECTION 13.EFFECTIVE DATE. ThisResolutionshalltakeeffectimmediatelyuponitsadoption. PASSED AND ADOPTEDTHISTHDAYOF 2016. 17 RMA Red Sunset Business Improvement District Business Plan EXHIBIT B DRAFT LETTER TO PROPERTY OWNERS Downtown South Miami Property Owner: Beginning in2013,the Red Sunset Merchant Association andSouthMiamiHometown,Inc.(South Miami commercial property owners)havehaddiscussionswithDowntown property and business owners and cityresidentstocreatean organization planforaproposed Business Improvement District (BID).Afinal draft of the plan is attached for your review. Thebasic premise ofa Downtown SouthMiami BID is that the City agrees to continue to providea base level of service to the Downtown area and that enhanced services,such as the advocacy,maintenance and marketing services recommended in the attached BID Plan,are funded through a self-imposed assessment on the property owners.The BID Planincludesa preliminary assessment roll,by property, assuming the BID is created and properties areassessedbasedona combination ofbuildingsquare feet andlinear front feet facing the street.Afinal determination of assessment rates willbemadeby Resolution of the City Commission. A Resolution to create the Business Improvement Districtwillbe placed on the ,2016City Commission agenda.Thisisa courtesy notice,and I request that a representative fromeach property contact meassoonas possible so that wecan ensure that all property owners are includedin the discussion. Please contact if I can provide further information. Sincerely, Steven Alexander City Manager 18 RMA Red Sunset Business Improvement District Business Plan EXHIBIT C DRAFT FORM OF NOTICE TO BE PUBLISHED [INSERT MAPOF Assessment AREA] NOTICE OF HEARING TO IMPOSE AND PROVIDE FOR COLLECTION OF SPECIAL ASSESSMENTS INTHE DOWNTOWN SOUTH MIAMI BUSINESS IMPROVEMENT DISTRICT ASSESSMENT AREA Noticeisherebygiven that theCity Commission of the City ofSouthMiami will conduct apublic hearing to consider the collection ofspecial assessments within the Downtown South MiamiBusiness Improvement District Assessment Area,asshownabove,through the impositionofspecial assessments forthe purpose of stabilizing and:improving retail business through promotion, maintenance,management marketing,and other similar activities.The hearing willbeheld at p.m.on,at the CityCommission Chambers,6130 Sunset Drive,South Miami,33143,for the purpose ofreceivingpublic comment on the proposedAssessmentArea,special assessments and improvements.All affectedpropertyownershavearightto appearand speakatthehearingandtofile written objections with the City Commission ^^lrii^^^@M^of this notice.If a person decides to appeal any decision made by the City Commission with respect to any matter considered at the hearing,suchpersonwill need arecord of the proceedingsand may need to ensure that a verbatim recordis made,including the testimony and evidence uponwhich the appealis to be made.In accordance with the Americanswith Disabilities Act,persons needing aspecial accommodation oran interpreter toparticipateinthisproceedingshouldcontact the CityClerk at 6130 Sunset Drive,South Miami,FL 33143,atleast forty-eight (48)hourspriorto the date of the hearing. ;,,.,£assessment^t i^>lll?^MK86<€i3.Themethodfor computing Assessments tofundthe authorized activities within the Assessment Areaisbaseduponlinearfrontagefacinga street multipliedbythe assessment ratefor that street plustotalbuilding square feet multipliedby $0,775 forthefirstyear.Foreach year thereafter, the ratesshallbenomore than 5%higherthanthepreviousyear,unless the not-for-profit corporation shall propose,andtheCommissionshallapproveachangein the rate.A more specific description of the improvements and the method of computing the assessment foreachparcelof property are set forthin the Initial Assessment Resolution adoptedbythe City Commission on.Copiesof the initial Pjgsjlsftienl-Re^luti^andthe preliminary Assessment Roll are available for inspection atthe office of the CityClerk. Commencing in October 2016,the assessments are anticipated to be collected through invoice by the City ofSouth Miami Finance Department.Commencing inOctober2017,the assessmentsareanticipatedtobe collected on the advaloremtaxbillby the Miami-DadeCountyTaxCollector,as authorized bySection 19f^632§,Florida Statutes.Failure topaytheassessments will causeatax certificate tobeissued against the property which may result inalossof title.TheCity Commission intends to collect the special assessment for a period ^f fiVie^(5)^eaf^,with the option for City Commission to renew the assessments for an additional fl^liiy^ifC unless a petition,signed by at least fifty percent (50%)of the property owners within the Assessment Area,is received byCityCommission requesting that the special assessment be terminated.CityCommissionmay then terminate the assessment. If youhaveany questions,please contact . 19 RMA