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_add-on a) Memo Annexation Millage Reduction fCITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER-OFFICE MEMORANDUM Page 1 of 9 TO: The Honorable Mayor & Members of the City Commission FROM: Steven Alexander, City Manager DATE: August 15, 2017 Agenda Item No.: Add-on a) SUBJECT: A Resolution formally stating the intent of the Mayor and Members of the City Commission to reduce the millage rate following annexation of certain areas. BACKGROUND: In February of 2017, the City Commission discussed inquiries from some residents of the High Pines area regarding their interest in receiving a Preliminary Annexation Feasibility Report indicating South Miami’s interest and approach to the potential annexation of the areas. The Commission’s Resolution No. 030-17-14831 directed the City Manager to explore and engage the process of annexing the unincorporated High Pines & Ponce Davis neighborhoods and craft a preliminary feasibility assessment process. The Preliminary Annexation Feasibility Report reflects a refinement of the revenue and cost information, as well as, creating a document to assist with the assessment of the cost of services and programs to be provided and to evaluate the level of neighborhood support for annexation into the City of South Miami. High Pines and Ponce -Davis: Figure 1 provides an aerial view of the High Pines and Ponce-Davis neighborhoods. These areas encompass 675 acres and are generally situated southeast of the intersection of SW 72 Street (Sunset Drive) and SW 57 Avenue (Red Road) and share a border with South Miami along SW 57 Avenue (Red Road) from SW 72 Street (Sunset Drive) to SW 88th Street across from Dante Fascell Park. The population is estimated to be 4,128 with approximately 3,096 voters. The population is 31% Hispanic and 65% Caucasian (non - Hispanic). High Pines has approximately 756 single family homes, while Ponce -Davis has an estimated 169. The average household income is $158,367 and 78% of the housing units are owner-occupied. The land use pattern in High Pines and Ponce -Davis is decidedly single-family residential comprising 95% of the neighborhood. There are also 28 acres of multi-family residential and five acres of commercial property. These two neighborhoods have approximately 20.5 miles of paved roads combined. CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER-OFFICE MEMORANDUM Page 2 of 9 CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER-OFFICE MEMORANDUM Page 3 of 9 High Pines Only Annexation Scenario  Benefits of Annexation for the City: The High Pines neighborhood, if annexed, is estimated to generate an estimated net revenue surplus to the City after expenses of $1,594,083 for 2018 based on the increase in property tax revenue only using the millage rate adopted for FY 2016-17 and the taxable values provided by Miami-Dade County for 2016 for High Pines.  Currently, High Pines residents and owners within the proposed annexation areas are subject to a millage rate of 1.9283 mills. Annexation at the cur rent City of South Miami millage rate of 4.3000 will increase the annual property tax bill of residents and owners within the proposed annexation areas by 2.3717 mills. It is critical to note that this new millage rate includes South Miami’s Solid Waste c ollection service, therefore, if annexed, the residents of High Pines will no longer have to pay the County $4 64 each year for the County Solid Waste collection service. Property taxes are typically deductible on IRS Form 1040 and the County imposed solid waste fee of $464 is not. Therefore, since South Miami’s property tax bill includes solid waste service, the homeowners in this area will, in theory, be able to deduct (save) more property tax than currently.  Based on the median average of the 2016 taxable value of homes in High Pines ($398,597), the resulting estimated net annual impact on a typical property tax bill in the annexation area of High Pines is approximately $481 per year. This figure is arrived at by taking the typical property tax bill in the annexation area of High Pines of $945 per year and subtracting the County solid waste fee $464 per year which will no longer be charged of High Pines residents after annexation, $945 - $464 = $481.  Should the City wish to reduce the millage for all of the residences due to the annexation of the High Pines Annexation, the City may reduce the South Miami millage, possibly to 3.3000, without affecting City services. Under this scenario, High Pines would realize an approximate net increase of $83 (after eliminating the County solid waste fee) on their property bill and fees on a median average 2016 home price.  Revenues: The primary revenue sources will be from property taxes, which are estimated to generate a total of $2,867,083 based on the current City of South Miami millage rate and the taxable assessed values provided by Miami-Dade County for 2016 for High Pines. The total estimated revenue from all sources are estimated to be $3,191,945 million annually from the High Pines neighborhood, including Municipal Sharing Sales Tax and Communication Service Tax and various other taxes such as Franchise Fees and Utility Taxes similar to currently imposed by Miami -Dade County. CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER-OFFICE MEMORANDUM Page 4 of 9 Both Neighborhoods Annexation Scenario : Financial Impact Based on Both Neighbor hoods In addition to other property taxes, residence in the subject neighborhoods currently pay an Unincorporated Municipal Service Area (UMSA) tax rate of 1.9283 mills, plus 2.4207 mills for the County Fire District service. A “mill” is defined as $1 for every $1000 of property value. If annexed into the City, these areas would begin to pay the City’s property tax rate of 4.3000 mills, and continue to pay the 2.4207 mills for County Fire & EMS service. This combination of taxes produces an estimated inc rease of millage on tax bills, if the neighborhoods become part of South Miami. Currently 1.9283 mills, plus 2.4207 mills is levied on the two neighborhoods by the County but under the South Miami annexation the tax levies would be 4.3000 mills plus the 2 .4207 mills for County Fire & EMS service if annexed by the City of South Miami. It is important to put these municipal tax rates into a context showing the real estimated financial impact of annexation on neighborhood property owners. Using the current South Miami millage rate of 4.3000, a n estimated median average 2016 home price in High Pines of $398,597 and an estimated median average 2016 home price in Ponce-Davis of $1,536,577, the resulting annual estimated impact on property tax bills for High Pines and Ponce-Davis areas will experience a median average increase in High Pines of $945 (which is typically deductible on Federal taxes ). When factoring in the elimination of the County imposed fee for solid waste collection, the following net increases result for the two neighborhoods: ($945 property tax - $464 County solid waste fee = $481 net increase) and in Ponce Davis of ($3,64 4 (which is typically deductible on Federal taxes ) ($3,644 property tax - $464 County solid waste fee = $3,180 net increase) on their taxes and fees. Revenues and Expenditures: As shown in Table 1, the annual estimated revenues for the High Pines and Ponce -Davis area are expected to exceed City services and program costs, based on the City’s current millage rate of 4.3000. Table 1: Estimated Revenues and Expenditures* for Fiscal Year 2018 Total Revenue/Costs High Pines & Ponce-Davis Operating Revenue $4,561,151 Operating Expenditure 1,273,000 Annual Operating Net Difference 3,288,151 CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER-OFFICE MEMORANDUM Page 5 of 9  Note: Excludes capital outlays and improvements, which may be added subsequently. Neighborhood capital improvement projects are typically agreed to by the neighbors prior to approval by the City Commission. Financial Feasibility: The annexation of the subject areas is financially positive for the City, as the City’s projected revenues will exceed projected expenditures in the annexation areas. If support from the residents of High Pines and Ponce -Davis appears to be strong, and the City Commission endorse s the proposal, once the process of annexation is ultimately completed, the City could lower its millage rate in the near future to reflect the net increase in revenues from the newly annexed areas. Tables 2 and 3 of this report provide a yearly, detailed estimate of revenues and expenditures for 2018, associated with the annexation of High Pines and Ponce -Davis. For 2018, these neighborhoods are expected to generate an estimated revenue surplus to the City of $3,288,151 ($4,561,151-$1,273,000 = $3,288,151) if annexed together, based on state revenues and on the millage rate adopted for FY 2016 -17 and the gross taxable assessed values provided by Miami-Dade County for 2016 for High Pines and Ponce-Davis. Revenues: The total gross taxable property value of H igh Pines and Ponce-Davis are $1,028,846,941, as provided by Miami -Dade County Property Appraiser’s Office. The current South Miami millage rate would be applied to this total gross taxable assessed value to produce a projected ad valorem revenue of $4,202,840. Potential City revenue estimates are summarized in Table 2. The primary revenue source will be from property taxes, which are estimated to generate a total of $4,202,840 (95% of ad valorem) based on the current City millage rate adopted for FY 201 6-17 and the taxable values provided by Miami-Dade County for 2016 for High Pines and Ponce -Davis. The total estimated annual intergovernmental revenues from all sources are estimated to be $4,561,151 from both neighborhoods, which also includes Municipal Sharing Sales Tax and Communication Service Tax. TABLE 2: ESTIMATED R EVENUES FROM ANNEXATION Estimated Revenue Sources High Pines and Ponce-Davis Property Tax (At 4.3000) (at 95%) $4,202,840 Sales Tax (Municipal Sharing Program) $268,253 Communication Service Tax $90,058 Total Estimated Tax Revenues $4,561,151 CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER-OFFICE MEMORANDUM Page 6 of 9 Fee Reduction: It is critical to note a few facts related to the fiscal impact of annexation on the individual homeowner. As of October 1, 2017, the residents of High Pines and Ponce-Davis pay a Solid Waste Fee of $464 per year in addition to their ad valorem tax amount. Should the residents of High Pines and Ponce-Davis decide to opt for annexation by South Miami, they would be provided with Solid Waste Services from the City. Doing so will result in the elimination of the requirement to pay the Solid Waste Fee of $4 64 per year in addition to their tax bill, as South Miami includes solid waste collection service in the ad valorem tax. Although the inclusion of Solid Waste ser vice within the ad valorem tax of South Miami adds to the increase the ad valorem tax for the residents in the annexed area, it also reflects a reduced expenditure by residents who are annexed for the solid waste collection fee by the County (-$464). The net effect based on both neighborhoods assuming the current City millage rate is $6 53 ($1,117-$464 = $653 ), a slight increase (estimated average property tax increase for annexed home minus the County Solid Waste yearly fee equals the new true financial impact for an average property in the annexed area as it moves to South Miami). South Miami’s solid waste collection is second to none, as it offers twice -weekly automated garbage pickup with back door service for those who need it, weekly vegetative trash removal (the county only provides this service twice per year), and white goods removal on demand. Estimated City Costs: Table 3 below provides a summary of projected expenditures for necessary City road and infrastructure improvements, new equipment, and personnel. The immediate increased cost of providing services to this area would total an estimated $1,2 73,000 annually starting in 2018, in addition to a projected $2,260,000 initial capital cost, which includes additional Police and Solid Waste vehicles for the area. This cost will not recur from year to year. The capital expenditures for this area are expected to decline in future years. Fire, Water and Sewer, Planning and Zoning, and Building will have not experience any significant budgetary or financial impact due to the proposed annexation. CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER-OFFICE MEMORANDUM Page 7 of 9 Table 3: Estimated Expenditures by South Miami for Fiscal Year 2018, including Solid Waste City Services Annual Cost Capital Cost Solid Waste $510,000 $625,000 Parks 100,000 775,000 Police 400,000 160,000 Public Works 200,000 675,000 Code Enforcement 63,000 25,000 Total Expenditures $1,273,000 $2,260,000 Initial New Expenditures and Services immediately after annexation Solid Waste: Solid waste disposal is included in the CSM property tax, however, there is an additional one-time capital cost of $625,000 for trucks. Code Enforcement: Total estimated cost for an additional Code Officer annually is $63,000 for 2018 with an additional one-time capital cost of $25,000 for a vehicle. Parks: As desired by the Community, $775,000 is estimated for park and open space renovations at the medians of 76th St. & 54th Ave. Also, full “park like” renovations of those same areas, with trees, plant new foliage, and shrubs, as necessary. Street & Landscaping: Routine Landscape maintenance in the right of ways is estimated to be $300,000 for 2018. Landscape services including tree trimming, and landscaping replacement, as necessary. Police: Additional Police expenditures are estimated to be $400,000 with a p rojected Capital Cost of $160,000 for new vehicles and equipment. Roadway: Lighting, improvements, and maintenance of roads in these neighborhoods are estimated to be $200,000 annually to include the re -milling of deteriorated streets, installation and renovation of sidewalks, and installation of crosswalks, as determine d in the City Budget. Directional Signs: The City would install the new decorative directional street name signs on each of the intersections for an estimated $300,000 for High Pines and an additional $75,000 for the Ponce Davis neighborhood. Fire: Fire Rescue will continue to be provided by Miami-Dade County at no change in cost as the result of annexation. CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER-OFFICE MEMORANDUM Page 8 of 9 PROPOSED OPERATIONAL EXPENDITURES 4 Police Officers (Approx. $75K x 4) $300,000 4 Police Officers Expenses ($25K x 4) $100,000 Total $400,000 3 Solid Waste Staff ($55K x 3) $165,000 MDC Recycling $40,000 Tipping Fees $250,000 Solid Waste Supplies and Gas $55,000 Total $510,000 Parks Staff and Special Projects $100,000 FPL Street Lights $50,000 Street Repairs and Maintenance $100,000 Public Works Streets Staff $50,000 Total $200,000 Code Enforcement Officer 57,000 Code Enforcement Expenses 6,000 Total 63,000 Overall Estimated Annual Operations Total $1,273,000 Capital 4 Police Cars ($40K x 4) $160,000 Public Works Small Truck $25,000 Sanitation Dump Truck $100,000 Sanitation Crane Truck $200,000 Sanitation Garbage Truck $300,000 High Pines New Directional Signage $300,000 Ponce Davis New Directional Signage $75,000 Streets and Landscaping $300,000 Parks Small Truck $25,000 Parks $750,000 Code Enforcement Vehicle $25,000 Total Estimate Capital Costs $2,260,000 CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER-OFFICE MEMORANDUM Page 9 of 9 OPTION IF ANNEXATION AREAS ARE APPROVED Millage rate reduction The City could reduce the millage for all its current and newly annexed residents and businesses, due to the increased revenues resulting from the annexation of the High Pines and Ponce-Davis. Under one example the City could reduce the millage to 3.3000, including the newly annexed areas. Under this scenario, High Pines and Ponce -Davis would benefit from a lower millage rate than the City of South Miami is currently using. Based on this hypothetical example of a new millage rate of 3.3000, the annexed a reas would have a reduced property tax impact, and therefore, based on a 3.3000 millage rate for the City, the hypothetical net increase for High Pines would be $83 ($547 - $464 = $83 ) and in Ponce Davis of $1,644 ($2,108 - $464 = $1,644 ). RECOMMENDATION: It is recommended that the attached resolution be approved which provides that it is the policy and intent of the City of South Miami to reduce the millage rate to 3.3 in the year following the completion of the annexation process. ATTACHMENTS: Proposed resolution Miami-Dade County Property Appraiser’s 2016 Taxable Assessed Values