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8THE 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 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. Background During the past several years, the Red Sunset Merchants Association and South Miami Hometown have discussed the creation of a Business Improvement District (BID) to fund enhancements to Downtown South Miami. In 2015, the organizations, along with the City of South Miami, engaged Redevelopment Management Associates to prepare a business plan for the BID, and develop a proposed methodology for the special assessments. Chapter 170, Florida Statutes, authorizes the City to impose and collect charges in the form of special assessments, following approval by most of 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 time of the adoption ofthe subject resolution, there shall be on file with 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 District Plan. Additionally, a property roll with 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 th The proposed boundaries of the BID are the area generally bounded by US 1 to the north, SW 57 ~ . ili Avenue to the east, SW 61 Avenue to the west, and SW 74 Street to the South. If the Resolution is adopted, a vote of the property owners will occur. The resolution and a ballot shall be delivered by certified return receipt mail to the Affected Property Owners at their address as it appears on the Miami-Dade County Property Appraiser/Tax Collector's tax rolls. The mailing shall include a ballot and a self-addressed stamped envelope for the return of the ballot to the City Clerk. The ballot shall explain that the Business Improvement District cannot be established without the approval of a majority of the affected property owners and that if the owners desire to have the District established, they must return the ballot to the City Clerk within 30 days of receipt of the Ballot. There are 107 properties located within the proposed BID boundaries. Each parcel to be assessed which has a separate folio number receives one vote. Ownership of at least 54 parcels must vote affirmatively to create the BID. An initial budget of $200,000 has been established for the BID's initial year of 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 have an initial term of ten (10) years. Assessment Methodology The rate to be charged the owner for each property in the Business Investment District shall be equal to two thirds of the product of the amount of the property's linear frontage that is facing a 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 multiplied by $0.775 for the first year. The rates may change at the discretion of the Board of Directors if the proposed expenses for each following year exceed the amount available for collected based on the assessment formula set forth above but in no event shall the increase exceed 5% ofthe 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 on said streets will receive. Streets that are the most prominent nd rd (SW 72 and SW 73 Streets) will have the highest rates, based on an allocation that accounts for pedestrian and vehicular traffic that passes in front of the property and the levels of service provided by the City to those properties. • Level A = $12.00 per linear foot • Level B = $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 that face the same streets to which those lots have access: • 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 Parcels that have less than 300 square feet of building/vertical improvements that include space that is leased or occupied for commercial activity shall be assessed as vacant lots. RECOMMENDATION: Approve the resolution 1 RESOLUTION NO. ------------------- 2 A Resolution of the City of South Miami establishing a Special Assessment 3 District, including the nature and purpose of the District and its location; a 4 designation of: the area to be improved, the portion of the expense to be paid by 5 .. assessment and when it is to be paid, lands to be levied, and total estimated cost 6 and procedure for creating the District. 7 WHEREAS, pursuant to Chapter 170, Florida Statutes, the City may provide for the 8 imposition and collection of charges in the form of special assessments; and 9 WHEREAS, Chapter 170, Florida Statutes, provides that a municipality, subject to the 10 approval of a majority of the affected property owners, may assess, levy and collect special 11 assessments against property benefited in a retail business district for the purposes of stabilizing 12 and improving such district through promotion, improvements, maintenance, management, 13 marketing, and other similar services in such districts; and 14 WHEREAS, a majority of the affected property owners must approve of the levy and 15 collection of special assessments against property benefited in a retail business district for the 16 purposes of stabilizing and improving such district through promotion, improvements, 17 maintenance, management, marketing, and other similar services in such districts; and 18 WHEREAS, the Business Improvement District ("District") concept is based upon 19 collaboration among the City of South Miami, the Red/Sunset Merchants Association and South 20 Miami Hometown, Inc., with funding to be generated by special assessments to be levied on 21 affected property owners within the District who will benefit from the establishment of the 22 District, with a majority of affected property owners agreeing to accept the establishment of a 23 Special Assessment District also to be known as the "South Miami Business Improvement 24 District" for the purpose of stabilizing and improving the business activity in the District; and 25 WHEREAS, the development of a Business Improvement District will improve the 26 economic activity of the District for the benefit of affected property owners located within the 27 Assessment Area by providing a means to organize and manage promotions, marketing, and 28 other similar services on behalf of all properties within the Assessment Area, thereby providing a 29 special benefit to such properties; and 30 WHEREAS, the District and the assessment set forth herein will enhance and specially 31 benefit the health, safety and welfare of property owners within the District; and 32 WHEREAS, the Assessments to be imposed in accordance with this Resolution 33 provides for an equitable method of funding and authorizes District activities by fairly and 34 reasonably allocating the cost to specifically benefited properties; and 35 WHEREAS, the City and the two associations have worked with Redevelopment 36 Management Associates to create an organization plan for a South Miami Business Improvement 37 District, including boundaries, programs, assessment methodology, and preliminary budget for 38 the District; and 39 WHEREAS, the City Commission desires to' create the South Miami Business 40 Improvement District ("SMBID") 41 NOW THEREFORE BE IT RESOLVED BY THE CITY COMMISSION OF THE 42 CITY OF SOUTH MIAMI, FLORIDA, AS FOLLOWS: 43 44 Section 1. Establishment of Business Improvement District. A Business 45 Improvement District shall be established under the following terms and conditions: 46 !!l Nature of the Improvement. The recitals set forth above concerning the nature 47 of the improvement are hereby adopted by reference as if fully set forth herein and are found to 48 be true and correct. 49 (b) Description of Area to be Improved. The proposed Assessment Area shall include 50 the area described in Exhibit 1 attached hereto. The Assessment Area is proposed for the purpose 51 of improving the. business and economic environment, enjoyment of property, and funding the 52 provision of the District benefiting property located therein. The City Commission may expand 53 the Assessment Area, in accordance with the procedures utilized to create the District. An 54 assessment plat (a map showing the Assessment Area) and a copy of this resolution showing the 55 estimated cost of the proposed improvement, shall be available in the office of the City Clerk and 56 open to inspection by the public. 57 (c) Costs to be Paid by Assessment. The entire cost of the District shall be paid by 58 special assessment levied against the affected properties that benefit from the activities of the 59 District. 60 (d) Manner of Assessing Property. The rate to be charged the owner for each property 61 in the Business Investment District shall be equal to two thirds of the product of the amount of the 62 property's linear frontage that is facing a street multiplied by the assessment rate for that street 63 and one third of the product of the total square footage of the building located on the property 64 multiplied by $0.775 for the first year. The rates may change at the discretion of the Board of 65 Directors if the proposed expenses for each following year exceed the amount available for 66 collected based on the assessment formula set forth above but in no event shall the increase 67 exceed 5% of the previous year's assessment. 68 The rate per linear foot will depend on the street. Streets have been assigned assessment 69 levels based on the beneJit properties on said streets will receive. Streets that are the 70 most prominent (SW 72 n and SW 73 rd Streets) will have the highest rates, based on an 71 allocation that accounts for pedestrian and vehicular traffic that passes in front of the 72 property and the levels of service provided by the City to those properties. 73 74 75 76 77 78 79 80 81 82 83 o Level A = $12.00 per linear foot o Level B = $10.00 per linear foot o Level C = $7.50 per linear foot o 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 that face the same streets to which those lots have access: o Level A = $6.00 per linear foot o Level B = $5.00 per linear foot o Level C = $3.75 per linear foot o Level D = $3.00 per linear foot 84 The level assigned to a particular roadway has been designated in the attached exhibit 1 85 to this resolution. 86 Parcels that have less than 300 square feet ofbuildinglvertical improvements that include 87 space that is leased or occupied for commercial activity shall be assessed as vacant lots. 88 (e) Imposition of Assessment. The Assessments shall be collected pursuant to the 89 Uniform Assessment Collection Act when available, or by any other lawful means. At the 90 discretion of the City, in lieu of using the Uniform Assessment Collection Act, the City may 91 elect to collect the assessment by any other method which is authorized by law or as provided by 92 this Resolution. If the collection is in the manner authorized by the Uniform Assessment 93 Collection Act, the Statutory Discount Amount shall be computed for each assessed Parcel in the 94 same manner as the amount established by law as the maximum discount for early payment of ad 95 valorem taxes and non-ad valorem or other assessments. 96 (0 Lands to be Assessed. All property located within the District shall incur a special 97 assessment in accordance with the forgoing manner of assessment. 98 (g) Estimated Costs. The estimated cost allocated to the Assessment Area for the 99 promotion, management, marketing, maintenance, administration, and similar expenses is 100 $200,000.00 for the fIrst year beginning October 1,2018. 101 (h) Duration of the District. The District shall remain in existence for an initial period 102 of ten (10) years and shall be extended for an additional period of ten (10) years upon approval 103 of the City Commission, provided, however, that upon receipt of a petition executed by Affected 104 Property Owners representing in excess of fIfty percent (50%) of the most recent Assessment 105 Roll, City Commission may elect to abolish the District. 106 (i) Approval of Affected Property Owners. This resolution and a ballot shall be 107 delivered by certifIed return receipt mail to the Affected Property Owners at their address as it 108 appears on the Miami-Dade County Property Appraiser/Tax Collector's tax rolls. The mailing 109 shall include a ballot and a self-addressed stamped envelope for the return of the ballot to the 110 City Clerk. The ballot shall explain that the Business Improvement District cannot be 111 established without the approval of a majority of the affected property owners and that if the 112 owners desire to have the District established, they must return the ballot to the City Clerk within 113 30 days of receipt of the Ballot. 114 Section 2. Severability. If any section clause, sentence, or phrase of this resolution is for 115 any reason held invalid or unconstitutional by a court of competent jurisdiction, the holding shall 116 not affect the validity of the remaining portions of this resolution. 117 Section 3. Effective Date. This resolution shall become effective immediately upon 118 adoption by vote of the City Commission. However, the Business Improvement District shall 119 not be established until a majority of the affected property owners have voted in favor of the 120 establishment of the District. 121 122 123 PASSED AND ADOPTED this __ day of _____ , 2017. 124 125 ATTEST: APPROVED: 126 127 128 CITY CLERK MAYOR 129 130 READ AND APPROVED AS TO FORM, COMMISSION VOTE: 131 LANGUAGE, LEGALITY AND Mayor Stoddard: 132 EXECUTION THEREOF Vice Mayor Welsh: 133 Commissioner Harris: 134 Commissioner Edmond: 135 CITY ATTORNEY Commissioner Liebman: Red Sunset Business Improvement District Property Owner Roll as of information available on July 1, 2017 Building Portion Linear Frontage by Street Rating 9 Folio Address Building SqFt Assessment A B C 0 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 ST LLC 940360220170 5850 SW 73 ST 20,664 $ 1,343 146.64 281.71 285.02 $ 5,289 $ 6,633 5850 SW 73 STREET UC 940360220180 7331 SW 59 AVE -$ -140.30 108.23 $ 2,215 $ 1,107 Yes 5850 SW 73 STREET UC 940360290030 5901 SW 74 ST 34,251 $ 2,226 93.45 422.86 $ 3,238 $ 5,464 5901 COSTA LLC C/O MARKET STREET RETAIL ET AL 940360890010 7301 SW 57 CT 1988 $ 129 $ -$ 129 7300 INVESTM ENTS LLC 940360890011 7301 SW 57 CT 1665 $ 108 $ -$ 108 7300 INVESTM ENTS LLC 940360890012 7301 SW 57 CT 1521 $ 99 $ -$ 99 7300 INVESTMENTS LLC 940360890013 7301 SW 57 CT 1521 $ 99 $ -$ 99 7300 INVESTM ENTS LLC 940360890014 7301 SW 57 CT 1213 $ 79 $ -$ 79 7300 INVESTMENTS UC 940360890020 7301 SW 57 CT 3701 $ 241 $ -$ 241 7300 INVESTMENTS UC 940360890030 7301 SW 57 CT 2047 $ 133 $ -$ 133 7300 INVESTMENTS LLC 940360890050 7301 SW 57 CT 2980 $ 194 $ -$ 194 7300 INVESTM ENTS LLC 940360220530 7300 RED RD 8,887 $ 578 178.52 117.32 $ 3,315 $ 3,893 ADP INC 940360890085 7301 SW 57 CT 1186 $ 77 $ -$ 77 ANDREW WENGER PHD PA 940360220120 5850 SUNSET DR 6,918 $ 450 77.31 138.46 $ 1,966 $ 2,416 ANDROULAKIS KORRES INC 940250300020 5893 SW 72 ST 2,862 $ 186 63.34 104.44 $ 1,543 $ 1,729 ANDROULAKIS KORRES INC 940360320010 7400 RED RD 5,346 $ 347 276.38 $ 1,658 $ 2,006 AWAD BAIG INC 940250310060 5701 SW 72 ST 299,72S $ 19,482 486.21 1,718.22 $ 18,721 $ 38,203 FRrT SHOPS AT SUNSET PLACE 940360220540 7230 RED RD 7,204 $ 468 77.37 119.32 $ 2,122 $ 2,590 BALOGH ERDHEIM PARTNERSHIP 940360220040 5734 SUNSET DR 6,596 $ 429 35.26 $ 423 $ 852 BALOGH FAMILY HOLDINGS LTD 940360270020 6050 S DIXIE HWY 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 P A 940360220080 5796 SUNSET DR 6,399 $ 416 54.95 93.18 $ 1,358 $ 1,774 CINQUE PARTNERS LTD 940250300100 S820 S DIXIE HWY 5,373 $ 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 18,367 $ 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 S DIXIE HWY 5,543 $ 360 110.38 124.09 $ 1,572 $ 1,933 S MIAMI RETAIL BH LLC 940360270011 6030 S DIXIE HWY 4,504 $ 293 66.15 67.02 $ 898 $ 1,191 DIXIE ACQUISITIONS NUMBER ONE LLC 940360300010 -$ -47.97 $ 288 $ 288 DIXIE ACQUISITIONS NUMBER ONE UC 940360270090 7435 SW 61 Ave 2,233 $ 145 166.31 $ 998 $ 1,143 DIXIE ACQUISITIONS NUMBER ONE LLC 940360320020 5730 SW 74 ST 6,664 $ 433 378.06 $ 2,268 $ 2,702 BLANCK HOLDINGS LLC and J MARK QUINLIVAN 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 F S 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 S DIXIE HWY 9,827 $ 639 250.85 193.63 $ 3,043 $ 3,682 GRST SOMI INVESTORS LLC C/O BRADLEY SAFCHIK 940360240070 5930 S DIXIE HWY 1,366 $ 89 61.93 $ 464 $ 553 HARVEY AMSTER &W EUEN & 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 JEC FUNDING INC C/o CVS PHARMACY INC 940250300110 5830 S DIXIE HWY 1,833 $ 119 84.87 98.73 $ 1,229 $ 1,348 KURT LANDERSON 940360890080 7301 SW 57 CT 1085 $ 71 $ -$ 71 L RICHARD MATTAWAY USA C MATTAWAY 940360290070 5940 SW 73 ST 6,321 $ 411 130.07 47.35 $ 1,585 $ 1,996 LINDA COURT INC 940360290060 7311 SW 59 CT 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 M JEPEWAY JR 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 L HARRISTRS MARCHALL S HARRIS REV TRUST Red Sunset Business Improvement District Property Owner Roll as of Information available on July 1, 2017 Bulldllll Portion Unear Frontale by Street Ratllll 9 FOnD Address Bulldlllll SqFt Assessment A B C D Assessment Total Assmnt. ParklnlLDt OWner 940360890100 7301 SW 57 CT 2482 $ 161 $ -$ 161 MICHAEL E CRIDEN P A 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 COMPANV 940250300060 5825 SUNSET DR 21,420 $ 1,392 106.48 $ 1,278 $ 2,670 PETER PREVITI TR 940360890001 7301 SW 57 CT 3959 $ 257 153.03 310.06 141.96 $ 4,708 $ 4,965 REDSUNSET PROPERTIES LLC 940360220380 7211 SW 58 AVE 3,003 $ 195 115.75 $ 868 $ 1,063 REMSEAOLIV LLC 940360240010 5900 SUNSET DR 8,770 $ 570 215.99 $ 1,620 $ 2,190 ROBINS PlAZA LLC 940360240050 5920 SUNSET DR 6,090 $ 396 61.50 $ 461 $ 857 ROBINS PlAZA LLC 940360240060 5922 S DIXIE HWV 3,275 $ 213 47.54 $ 357 $ 569 ROBINS PlAZA LLC 940360240090 5946 S DIXIE HWV 1,840 $ 120 109.22 187.61 $ 2,499 $ 2,619 ROBINS PlAZA LLC 940360240140 7230 SW 59 AVE -$ -132.42 $ 1,324 $ 662 Ves ROBINS PlAZA LLC 940360240150 7230 SW 59 AVE -$ -23.08 $ 231 $ 115 Ves ROBINS PlAZA LLC 940360240160 7230 SW 59 AVE -$ -34.29 $ 343 $ 171 Ves ROBINS PlAZA LLC 940360240170 7230 SW 59 AVE -$ -88.42 77.06 $ 1,462 $ 731 Ves ROBINS PlAZA LLC 940360240180 7230 SW 59 AVE 4,830 $ 314 83.00 $ 623 $ 936 ROBINS PlAZA LLC 940360240190 -$ -63.75 $ 478 $ 239 Ves ROBINS PlAZA LLC 940360220050 5738 SUNSET DR 18,958 $ 1,232 100.14 134.21 280.54 $ 4,648 $ 5,880 SEVEN SKIES CO NV 940360890060 7301 SW 57 CT 1650 $ 107 $ -$ 107 7301 SW 57 CT LLC 940360890130 7301 SW 57 CT 2784 $ 181 $ -$ 181 SKIPPER JOE'S LLC 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 Ves SO MIAMI CORP 940360220240 5859 SW 73 ST 7,012 $ 456 287.58 $ 2,157 $ 2,613 SOMA CORPORATION 940360320040 7400 SW 57 CT 7,709 $ SOl 201.14 $ 1,207 $ 1,708 SOMI 7400 LLC 940360290090 5966 S DIXIE HWV -$ -58.84 19.35 $ 557 $ S57 SOMI CENTER LLC 940360290100 5970 S DIXIE HWV -$ -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 $ 789 140.34 109.03 $ 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 Ves SOUTH MIAMI CORP 940360220410 5795 SW 73 ST -$ -282.28 121.51 $ 3,734 $ 1,867 Ves SOUTH MIAMI CORP 940360220420 5795 SW 73 ST -$ -89.94 $ 675 $ 337 Ves SOUTH MIAMI CORP 940360220290 5801 SW 74 ST -$ -61.93 $ 464 $ 232 Ves SOUTH MIAMI CORP 940360220300 5801 SW 74 ST -$ -58.54 $ 439 $ 220 Ves SOUTH MIAMI CORP 940360220310 5801 SW 74 ST -$ -60.20 141.48 $ 1,300 $ 650 Ves SOUTH MIAMI CORP 940360220320 5801 SW 74 ST -$ -117.61 144.14 $ 1,747 $ 873 Ves SOUTH MIAMI CORP 940360220330 5801 SW 74 ST -$ -59.80 $ 449 $ 224 Ves SOUTH MIAMI CORP 940360220440 7320 SW 57 CT -$ -57.20 $ 343 $ 172 Ves SOUTH MIAMI CORP 940360220520 7390 SW 57 AVE 6,941 $ 451 154.33 143.55 $ 2,713 $ 3,164 STEPHEN HESSEN CO OF FLA 940360300030 7400 sw 59 PL 8,809 $ 573 120.00 $ 720 $ 1,293 West Carlbe 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 SUNSET ONE PROPERTIES LLC CO/R08ERT G BERRIN 940250300030 5857 SUNSET DR 14,607 $ 949 88.48 214.08 17.86 $ 2,775 $ 3,724 SUNTRUST BANK MIAMI NA 940360220340 5818 SW 73 ST 4,012 $ 261 69.99 $ 700 $ 961 THOMAS ARMOUR VOUTH BALLET INC 940360300030 8,809 $ 573 163.02 $ 978 $ 1,551 WEST CARI8E LLC 940360300010 -$ -48.00 $ 288 $ 288 S MIAMI RETAIL BH LLC 940360890070 7301 SW 57 CT 2200 $ 143 137.17 $ 823 $ 966 WON HOLDINGS LLC 940360890180 7301 SW 57 CT 1675 $ 109 $ -$ 109 WVNBROOK PROP LLC Totals 848,338 S 55,142 2,965 2,630 8,913 4,835 S 157,737 S 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 District Plan 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 of the BID .......................................................................... 12 Exhibit A -Draft Resolution ..................................................................................................... 13 Exhibit B -Draft Letter to Owners ........................................................... , ................................ 17 Exhibit C -Draft Notice to be Published .............................................................................. 18 2 RMA Red Sunset Business Improvement District Business Plan Introduction What is a Business Improvement District (BID)? A BID is a legal mechanism for property owners and businesses in a defined geographic area to jointly plan and put in place a sustainable funding source that can pay for a 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 District itself, but also to the City and surrounding residential community. The BID serves as a unified voice and centralized communication center that speaks equally among all of its stakeholders which is of particular importance in building a strong and positive relationship with the City. Importantly, the BID is a critical tool to ensuring that property values continue to rise for all property owners in and around the City of South Miami and a mechanism to help all businesses in the district. The following is a summary of primary characteristics of the South Miami BID, the detail of which is provided in this Business Plan: Name: Proposed Boundaries: Potential BID Programs: Budget: Method of South Miami Business Improvement District (BID). Generally US 1 to the North; Red Road (SW 57 th Avenue) to the East; SW 61 st Avenue to the West; SW 74th Street to the South. Marketing, Landscaping & Aesthetics, Special Events, Advocacy, Maintenance and Public Relations. $200,000 annually Assessment: Blended Methodology of Weighted Linear Front Footage and Total Building Square Feet The basic premise of a BID is that the City agrees to continue to provide a base level of service and that the BID may provide enhanced services, such as extra police protection for expanded special events, maintenance for specialty landscaping, downtown marketing programs, cleaning after special events, while providing for a unified voice to advocate on behalf of the district's stakeholders. 3 RMA Red Sunset Business Improvement District Business Plan Use of these funds will be governed by the Board of Directors of a new not-for profit organization created to oversee the BID. The Board will include property and business owners in the district, the City of South Miami and will ensure representation of all interests. The process for establishing the District and ensuring that funds are collected and properly spent will be governed by Florida Statutes, Chapter 170 and by an agreement between the new not-for profit organization and the City of South Miami. Why Form the South Miami BID? The first BID established in the US was in the City of New Orleans in 1974 and, since then, there have been more than 1,200 BIDs created nationally. The continual growth of BIDs nationwide is a 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 15 percentage points 1 Until recently, the utilization of BIDs in Miami Dade County was relatively limited. However, this is 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 in 1997, and has since enacted two successful BID renewal terms (in 2005 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 Dora I Tile and Marble District. 1 Furman Center Policy Brief: The Benefits of Business Improvement Districts: Evidence from New York City (2007) 4 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 US 1 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 for all South Miami stakeholders. 5 Objectives of the proposed Susiness Improvement District (SID): • To 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 City of 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. • To establish benchmarks for measurement of success. • To encourage Stakeholder participation and responsibility. • 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 identify a "brand" for Downtown South Miami and promote image/brand through website(s), social media, public relations, and advertising for its businesses. The benefits of a 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, any routine activities currently undertaken or funded by the City of South 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 suc<;:ess of image-based improvement initiatives can be seen in BID districts throughout the nation as well as in the state of Florida, such as the BIDs in Coral Gables (www.shopcoralgables.com) and Naples (www.fifthavenuesouth.com). 6 RMA Red Sunset Business Improvement District Business Plan Aesthetics .:. Landscaping .:. Maintenance and upkeep by part-time BID Street Personnel -services may include cleaning, litter maintenance, event assistance, visitor/customer assistance, and identification of issues for the City to address. Advocacy .:. More effective communication with City Administration and Elected Officials - work with the City to establish and maintain a baseline of municipal services for the district, especially Security and Sanitation . • :. Parking -encourage the City to implement "user friendly" parking solutions and explore further the need to create additional parking spaces in the Downtown area, including the possibility of new parking structures . • :. Future streetscape Improvements -work with the City and County to identify future opportunities for streetscape improvements, capital improvements, lighting and signage . • :. Fa<;ade 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 work with the City to identify 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 7 .:. Expansion to include Coral Gables and Unincorporated Miami-Dade County properties east of Red Road to share in the costs, including future Red 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-; ._-;,-'-I!1 57 th Avenue), SW 61 st Avenue, and SW 74th 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. .~\ ~\ '",;"t\\ ~I~~~L ~,_j:lf- property owners association, from downtown property and business owners, the City of 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 of a majority of the affected property owners, may levy and collect special assessments against the property benefited in a retail business district for the purposes of stabilizing and improving such district through promotion, management, marketing and other similar services in such districts. A BID is a 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 8 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 biuilding. 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 72 nd and SW 73 rd Streets) will have the highest rates, based on an allocation that accounts for pedestrian and vehicular traffic and levels of service. • Level A = $12.00 per linear foot • Level B = $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 properti'es: • 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 foot of building area is $0.07736. This assessment is only applied to the square footage within a building that is utilized for commercial activity. Example For example, a 1,500 square foot commercial property located on a 100' x 50' lot, with 50' facing a Level B Street (73 rd st.), would pay the following annual assessment: Linear Methodology: 50 feet x $10.00 = $500 Square Foot Methodology: 1,500 sq ft x $0.07736 = $116.04 Total Assessment: $666.04 or $55.50 per month 9 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 a small district 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 Business Plan ! I SW 70TH ST _ Level A (Highest Rate) _ LevelB _ LevelC l!'l3:?gJ Level D (Lowest Rate) Red Sunset Business Improvement District Study Area 11 RMA Red Sunset Business Improvement District Business Plan Proposed BID Operating Budget In order to provide efficiencies and commit the largest amount of funding possible to BID programs, the BID may outsource implementation and administration to a 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 costs by $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, although a final budget not to exceed $200,000 would be created by the BID Board of Directors once it is 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 Red Sunset Business Improvement District Business Plan BID Organization and Governance Chapter 170, Florida statutes, provides that a municipality, subject to the approval of a majority of the affected property owners, may levy and collect special assessments against property benefited in a retail business district for the purposes of stabilizing and improving such district through promotion, management, marketing, and other similar services in such districts. Creation of a BID would require actions approved by the South Miami City Commission. These actions include: • Resolution of the City Commission -This resolution would include the proposed cost of improvements, required public and property owner notice, location of the retail district to be improved, the expense to be paid by special assessments, and when assessments are to be paid. • Vote of the property owners -Following approval of the Resolution by City Commission, property owners of affected properties would vote on creation of the BID. To apply the assessment, there would need to be a majority (50 percent plus one) of property owners 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 the approval of the BID by the property owners, the City Commission would hold a final public hearing, which would include an equalization hearing to consider complaints as to the special assessments. A Board of Directors of a new not-for-profit organization BID) would manage the BID. According to discussions to date, an example of the composition of a BID Board of Directors will include 7 voting members, six of whom serve staggered three-year terms. • 3 property owners from the District*; • 3 business owners from the District; • 1 representative from the City of South Miami (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 of ten years and be extended for an additional period of ten years upon approval of the City Commission. However, upon receipt of a petition executed by affected property owners representing in excess of fifty percent (50%) of the most recent assessment roll, the Commission may elect to abolish 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 Business Plan EXHIBIT A DRAFT RESOLUTION SOUTH MIAMI BUSINESS IMPROVEMENT DISTRICT WHEREAS, pursuant to Chapter 170, Florida Statutes, the City may provide for the imposition and collection of charges in the form 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 levy and collect special assessments against property benefited in a 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, the Business Improvement District concept is based upon collaboration among the City of South Miami and the Red/Sunset Merchants Association and South Miami Hometown, Inc., with funding to be generated by special assessments to be levied on commercial property owners within the District, with commercial property owners agreeing to accept the establishment of an Assessment Area for the creation of a Business Improvement District intended to stabilize and improve business activity; in accordance with the terms and conditions of an Agreement that may be entered into between a not-for-profit corporation established by property owners within the District and the City; and WHEREAS, the development of a Business Improvement District will improve the economic activity of the District for the benefit of property owners and businesses located within the Assessment Area by providing a means to organize and manage promotions, marketing, and other similar services on behalf of all properties within the Assessment Area, thereby providing a special benefit to such property; and WHEREAS, the Business Improvement District is substantially composed of similarly zoned parcels and it is fair and reasonable to use a computation using the taxable value of property, as determined by the most recent tax rolls developed by the Miami-Dade County Property Appraiser, multiplied by a numeric factor; 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 to be imposed in accordance with this Resolution provide an equitable method of funding authorized District activities by fairly and reasonably allocating the cost to specially 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, to create an organization plan for a 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 BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, AS FOLLOWS: SECTION 1. ESTIMATED BUSINESS IMPROVEMENT COST. The estimated Cost allocated to the Assessment Area for the promotion, management, marketing, maintenance, administration, and similar expenses is $200,000.00 for the first year beginning January 1, 2016. The Cost identified herein will be funded through the imposition of Assessments against property located in the Assessment Area in the manner set forth in Section 9 hereof, beginning in the year 2016. SECTION 2. ASSESSMENT ROLL. The City Manager is hereby directed to prepare a preliminary Assessment Roll in the manner provided in Chapter 170, Florida Statutes for the Assessment Area. The City Manager shall compute and allocate the Assessments for the District among the parcels of real property within the Assessment Area as reflected on the Tax Roll in conformity with Section 9 hereof. The Assessment Roll shall be maintained on file in the offices of the City Manager or designee and open to public inspection. The foregoing shall not be construed to require that the Assessment Roll be in printed form if the amount of the Assessment for each property can be determined by use of a computer terminal or Internet access available to the public. SECTION 3. PUBLIC HEARING. A public hearing will be conducted by the City Commission at _ p.m. on __ at the City Commission Chambers, to consider imposition of the Assessments for the District. SECTION 4. NOTICE BY PUBLICATION. Upon completion of the materials required by Section 2 hereof, the City Manager shall publish notices of the public hearing authorized by Section 3 hereof in the manner and the time provided in Chapter 170, Florida Statutes. Such notice shall be in substantially the form attached hereto as Exhibit C. SECTION 5. NOTICE BY MAIL. Upon completion of the preliminary Assessment Roll, the City Manager shall, at the time and in the manner specified in Chapter 170, Florida Statutes, provide first class mailed notice of the public hearing authorized by Section 3 hereof to each property owner proposed to be assessed at the address indicated on the Tax Roll. Such notice shall be in substantially the form attached hereto as Exhibit B. SECTION 6. DESCRIPTION OF PROPOSED ASSESSMENT AREA. 15 The proposed Assessment Area shall include the area described in Exhibit D 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 property located therein. The City Commission may expand the Assessment Area, in accordance with the procedures utilized to create RMA Red Sunset Business Improvement District Business Plan the District. SECTION 7. IMPOSITION OF ASSESSMENTS. Assessments shall be imposed against real property located within the Assessment Area, the annual amount and term of which shall be computed for each property in accordance with this Section. When imposed, the Assessment for each Year shall constitute a lien pursuant to Chapter 170, Florida Statutes upon the Tax Parcels located in the Assessment Area as described in the Assessment Role. SECTION 8. DETERMINATION OF APPORTIONMENT APPROACH. In determining the method of apportionment, it is fair and reasonable to take into consideration the distinctions between the relative position of owners of commercial properties, owners of property identified by individual Folio Numbers and utilized solely for residential purposes, property owned by religious institutions, governmental agencies, and other properties exempted from payment of local taxes or special assessments. SECTION 9. COMPUTATION OF ASSESSMENTS. The Assessment Area is substantially composed of similarly zoned parcels. Accordingly, it is fair and reasonable to use a computation using the taxable value of property, as determined by the most recent tax rolls developed by the Miami-Dade County Property Appraiser, multiplied by a numeric factor. The method for computing Assessments to fund the authorized activities within the Assessment Area is based upon linear frontage facing a street multiplied by the assessment rate for that street plus total building square feet multiplied by $0.775 for the first year. For each year thereafter, the rates shall be no more than 5% higher than the previous year. 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 72 nd and SW 73 rd Streets) will have the highest rates, based on an allocation that accounts for pedestrian and vehicular traffic and levels of service. o Level A = $12.00 per linear foot o Level B = $10.00 per linear foot o Level C = $7.50 per linear foot o 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: o Level A = $6.00 per linear foot o Level B = $5.00 per linear foot o Level C = $3.75 per linear foot o Level D = $3.00 per linear foot STATUTORY DISCOUNT AMOUNT. The Statutory Discount Amount shall be computed for each assessment Parcel in the same manner as the amount established by law as the maximum discount for early payment of ad valorem taxes and non-ad valorem or other assessments. SECTION 10. METHOD OF COLLECTION. The Assessments shall be collected pursuant to the Uniform Assessment Collection Act when available, 16 RMA Red Sunset Business Improvement District Business Plan or by any other lawful means. At the discretion of the City, in lieu of using the Uniform Assessment Collection Act, the City may elect to collect the assessment by any other method which is authorized by law or as provided by this Resolution. SECTION 11. SEVERABILITY. If any clause, section or provision of this Resolution shall be declared unconstitutional or invalid for any reason or cause, the remaining portion of said Resolution shall be in full force and effect and be valid as if such invalid portion thereof had not been incorporated herein. SECTION 12. DURATION OF THE DISTRICT The District shall remain in existence for an initial period of ten (10) years and shall be extended for an additional period of ten (10) years upon approval of the City Commission, provided, however, that upon 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. SECTION 13. EFFECTIVE DATE. This Resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED THIS _TH DAY OF 2016. 17 RMA Red Sunset Business Improvement District Business Plan EXHIBIT B DRAFT LEDER TO PROPERTY OWNERS Downtown South Miami Property Owner: Beginning in 2013, the Red Sunset Merchant Association and South Miami Hometown, Inc. (South Miami commercial property owners) have had discussions with Downtown property and business owners and city residents to create an organization plan for a proposed Business Improvement District (BID). A final draft of the plan is attached for your review. The basic premise of a Downtown South Miami BID is that the City agrees to continue to provide a 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 Plan includes a preliminary assessment roll, by property, assuming the BID is created and properties are assessed based on a combination of building square feet and linear front feet facing the street. A final determination of assessment rates will be made by Resol ution of the City Commission. A Resolution to create the Business Improvement District will be placed on the -' 2016 City Commission agenda. This is a courtesy notice, and I request that a representative from each property contact me as soon as possible so that we can ensure that all property owners are included in the discussion. Please contact if I can provide further information. Sincerely, Steven Alexander City Manager 18 RMA Red Sunset Business Improvement District Business Plan EXHIBITC DRAFT FORM OF NOTICE TO BE PUBLISHED [INSERT MAP OF Assessment AREA] NOTICE OF HEARING TO IMPOSE AND PROVIDE FOR COLLECTION OF SPECIAL ASSESSMENTS IN THE DOWNTOWN SOUTH MIAMI BUSINESS IMPROVEMENT DISTRICT ASSESSMENT AREA Notice is hereby given that the City Commission of the City of South Miami will conduct a public hearing to consider the collection of special assessments within the Downtown South Miami Business Improvement District Assessment Area, as shown above, through the imposition of special assessments for the purpose of stabilizing and improving retail business through promotion, maintenance, management marketing, and other similar activities. The hearing will be held at _ p.m. on ____ , at the City Commission Chambers, 6130 Sunset Drive, South Miami, 33143, for the purpose of receiving public comment on the proposed Assessment Area, special assessments and improvements. All affected property owners have a right to aEpear and speak at the hearing and to file written objections with the City Commission WltJjR,i'lW~~~liQJ;~ 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, such person will need a record of the proceedings and may need to ensure that a verbatim record is made, including the testimony and evidence upon which the appeal is to be made. In accordance with the Americans with Disabilities Act, persons needing a special accommodation or an interpreter to participate in this proceeding should contact the City Clerk at 6130 Sunset Drive, South Miami, FL 33143, at least forty-eight (48) hours prior to the date of the hearing. ' ~~J~¥ffi~r!ffI~tffi~~§~]~· . The r computing Assessments to fund the authorized activities within Assessment Area is based upon linear frontage facing a street multiplied by the assessment rate for that street plus total building square feet multiplied by $0.775 for the first year. For each year thereafter, the rates shall be no more than 5% higher than the previous year, unless the not-for-profit corporation shall propose, and the Commission shall approve a change in the rate. A more specific description of the improvements and the method of computing the assessment for each parcel of property are set forth in the Initial Assessment Resolution adopted by the City Commission on . Copies of the [~l!!~ ~~E!S~ID~e~~~R~s-alU1fQ~n and the preliminary Assessment Roll are available for inspection at the office of the City Clerk. Commencing in October 2016, the assessments are anticipated to be collected through invoice by the City of South Miami Finance Department. Commencing in October 2017, the assessments are anticipated to be collected on the ad valorem tax bill by the Miami-Dade County Tax Collector, as authorized by Section ~~7:~:§~, Florida Statutes. Failure to pay the assessments will cause a tax certificate to be issued against the property which may result in a loss of title. The City Commission intends to collect the special assessment for a period oqiVE;n5Ey~~t~, with the option for City Commission to renew the assessments for an additional flieJSEY~~r~, unless a petition, signed by at least fifty percent (50%) of the property owners within the Assessment Area, is received by City Commission requesting that the special assessment be terminated. City Commission may then terminate the assessment. If you have any questions, please contact ____ _ 19 RMA