03-15-05 Item 11To:
South Miami
All - America CRY
CITY OF SOUTH MIAMI 111111
OFFICE OF THE CITY MANAGER
INTER- OFFICE MEMORANDUM 2001
Honorable Mayor, Vice Mayor
and City Commission
Subject: Agenda Item #
t 11/16/04 Commission Meeting
Amending the Police Pension
/9- Plan
REQUEST
AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF SOUTH MIAMI, FLORIDA AMENDING THE _CITY OF SOUTH
MIAMI PENSION PLAN, PROVIDING FOR ELIGIBILITY AT DATE OF
EMPLOYMENT FOR POLICE OFFICER EMPLOYEES OF THE CITY OF
SOUTH MIAMI; PROVIDING FOR A MINIMUM RATE OF BENEFIT
ACCRUAL FOR POLICE OFFICER EMPLOYEES; PROVIDING FOR
SEVERABILITY; PROVIDING FOR CODIFICATION; AND PROVIDING
FOR AN EFFECTIVE DATE.
From: Maria V. Davis
City Manager
Date: March 15, 2005
Background
The attached ordinance was prepared by the City Pension Attorney to improve the
pension plan benefits for our Police Officers at na, cost to the City, using the Chapter 185
funds received annually from the State of Florida. The source of the funds is .85 percent
of gross receipts from policyholders on all premiums collected on casualty insurance
policies covering properties within the City's jurisdiction. State laws restrict the use of
these funds to payment of supplemental benefits to retiring Police Officers, This benefit is
accrued annually by all Police Officers participating in the City pension plan using a State
approved allocation method. Any available excess funds after the allocation are used to
provide improvements to the plan. As of last fiscal year, there is an available excess
amount of $77,000 that can be used to purchase improvements to the plan for officers.
RECOMMENDATON
Approval of the ordinance is recommended.
I ORDINANCE NO.
2
3
4 AN ORDINANCE OF THE MAYOR AND CITY
5 COMMISSION OF THE CITY OF SOUTH MIAMI,
6 FLORIDA AMENDING THE CITY OF SOUTH MIAMI
7 PENSION PLAN, PROVIDING FOR ELIGIBILITY AT
8 DATE OF EMPLOYMENT FOR POLICE OFFICER
9 EMPLOYEES OF THE CITY OF SOUTH MIAMI;
10 PROVIDING FOR A MINIMUM RATE OF BENEFIT
11 ACCRUAL FOR POLICE OFFICER EMPLOYEES;
12 PROVIDING FOR SEVERABILITY; PROVIDING FOR
13 CODIFICATION; AND PROVIDING FOR AN EFFECTIVE
14 DATE.
15
16
17 WHEREAS, the City of South Miami desires to provide compliance with required
18 minimum benefits provided in Chapter 185 of the Florida Statutes for police officer employees in
19 order to continue to receive state premium tax funding; and
20
21 WHEREAS, the City recognizes that such minimum benefits will actuarially impact on
22 the Pension Plan and shall be at the. option of certain employees; and
23
24 WHEREAS, there are funds available in excess in the 185 Share Plan account as shown
25 by the actuarial impact statement provided by the actuary; and
26
27 WHEREAS, the City Commission has received and reviewed an actuarial impact
28 statement related to such early retirement incentive.
29
30 NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY
31 COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA:
32
33
34 Section 1. Part I, Provisions governing the South Miami Pension Plan, Section 16 -13
35 of the South Miami Code of Ordinances is hereby amended to read as follows:
36
37 Sec. 16-13. Eligibility.
38
39
40
41
42
43
44
(a) Each employee employed by the employer on October 1, 1965, shall be a
participant on the first participation date on which he has completed two
(2) years of credited service and has attained his twenty -fifth birthday.
(b) Each employee who becomes an employee subsequent to October 1, 1973,
shall be a participant on the first participation date on which he /she has
completed six (6) months of credited service and has obtained his/her
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twentieth birthday. For all current employees as of October 1, 1995, each
fiscal year there will be a window for joining the retirement system; i.e.
October 1St through October 31St. It shall become mandatory for all
employees hired on or after October 1, 1995, to join the pension plan after
completion of the probationary period.
(c) Each employee classified as policemen shall become eligible to participate
in the plan from his/her date of emplo mkt provided he /she began
participation in the plan when first eligible _ as provided in sub- section (a)
& (bb) of this section.
An employee who has received a cash payment under Option 1 of 'Ssection
16 -17(b) may elect to participate in the plan upon meeting the following
requirements:
I. Election to participate must be made within thirty (30) days of receipt
of notice of eligibility to participate.
2. Such employee had received a cash payment under Option 1 of section
16- 17(b).
3. Such employee pays to the employer an amount equal to the amount of
cash payment he received under Option 1 of section 16- 17(b), plus
credited interest compounded annually at the rate of three (3) percent
per annum from the date on which such cash payment was made to the
date of such repayment.
Participation under this section will be effective as of September 1, 1977.
In determining an employee's credited service at any future date, there
shall not be included any service during which the employee did not
participate under this plan.
Section 2. Section 16- 14(b)(1) of the South Miami Code of Ordinances is hereby
amended to read as follows:
See. 16 -14. Pension benefits and retirement date.
(b) Amount of pension.
Basic benefit. A basic benefit commencing at the employee's normal retirement
date determined by multiplying one and six- tenths (1.6) percent of the
employee's final average compensation by the number of his/her completed years
of credited service at his or her retirement date, excluding the first two (2) years
of such service and any additional service completed by the employee prior to
his/her twenty -fifth birthday. However, as to those participants who became an
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(6) months of such service and any additional service completed by him /her prior
to his /her twentieth birthday and /or additional service completed by the employee
prior to the time the employee became a participant. For sworn police personnel,
effective October 1, 1994, the pension benefit accrual rate (multiplier) shall be
increased from 1.6 to 1.8, for services performed in the 1993 -94 fiscal year;
effective October 1, 1994, the pension benefit accrual rate (multiplier) shall be
increased from 1.8 to 1.9, for services performed in the 1994 -95 fiscal year;
effective October 1, 1995, the pension benefit accrual rate (multiplier) shall be
increased from 1.9 to 2.25 for services performed in the 1995 -96 fiscal year; the
pension benefit accrual rate (multiplier) shall be increased from 2.25 to 2.50,
effective October 1, 1996, for services performed in the 1996 -97 fiscal year; the
pension benefit accrual rate (multiplier) shall be increased from 2.50 to 2.75,
effective October 1, 1997, for services performed in the 1997 -98 fiscal year and
thereafter. The multiplier factor to be applied at the time of retirement of each
bargaining unit employee shall be applied as prescribed in the 1992 -93 and 1995-
96 collective bargaining agreements. Provided however, the pension benefit
accrual rate (multiplier) for sworn police personnel shall not be less than two
percent (2.0%) for all years of service. Effective October 1, 1995, the pension
benefit accrual rate (multiplier) for participants, excluding police personnel, shall
be increased from 1.6 to 1.8 for services performed in the 1995 -96 fiscal year;
effective October 1, 1996, the pension benefit accrual rate (multiplier) for
participants, excluding police personnel shall be increased from 1.8 to 2.0 for
services performed in the 1996 -97 fiscal year and thereafter.
Section 3: If any section, clause, sentence or phrase of this ordinance is for any
reason held invalid or unconstitutional by a court of competent jurisdiction, the holding shall
not affect the validity of the remaining portions of this ordinance.
Section 4: All ordinances or parts of ordinances in conflict with the provisions of
this ordinance are repealed.
Section 5: This Ordinance shall take effect immediately upon approved.
PASSED AND ADOPTED this day of , 2005
ATTEST:
APPROVED:
CITY CLERK MAYOR
1St Reading —
2"d Reading —
Page 3 of 4
I READ AND APPROVED AS TO FORM:
COMMISSION VOTE:
2
3
Mayor Russell:
4 CITY ATTORNEY
Vice Mayor Palmer:
5
Commissioner Birts- Cooper:
6
Commissioner Sherar:
7
Commissioner Wiscombe:
8
9:
10
11
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13 G: \ \SMPF\ PLAN \ProvideEligibility - Employment- Police -ORDN
i
Page 4 of 4
Robert A. Sugarman+
Howard S. Susskind
Kenneth R. Harrison, Sr.
Dervid E. Robinson
D. Marcus Braswell, Jr.
♦ Board Certified tabor
& Employment Lawyer
SUGARMAN & SUSSKIND
PROFESSIONAL ASSOCIATION
AVORNEYS AT LAW
June 21, 2004
2801 Ponce De Leon Boulevard
Suite 750
Coral Gables, Florida 33134
(305) 529 -2801
Broward 327 -2878
Toll Free 1 -800- 329 -2122
Facsimile (305) 447 -8115
City Commission
City of South Miami
c/o Maria Davis, City Manager
6130 Sunset Drive
South Miami, Florida 33143
Re, Summary of Proposed Ordinance Amendment —
City of South Miami Police Officers' Retirement Plan
Dear Commission Members:
This firm represents the City of South Miami Police Officers' Retirement Plan. Our
client has directed that we provide an overview of the enclosed proposed ordinance amendment
to be considered by the City Commission.
The Board of Trustees of the Police Officers' Retirement Plan recommends adoption of
this proposed ordinance amendment to the existing code in order to comply with specific
minimum requirements of Chapter 185 of the Florida Statutes.
Florida Law 99-1 specifically required municipalities that receive state contributions
under Chapter 185 of the Florida Statutes to provide certain minimum benefits and operational
requirements. The City of South Miami receives such state contribution for its Police Officers'
Retirement Plan, The following summarizes the necessary amendments to the existing code in
order to comply with specific minimums established by the state legislative action and Florida
Law 99 -1.
Section 16-13. Eligibility. This section of the code provides for different
participation dates depending on employment date of employees. Section (a) required ,a two year
period of probation before participation in the Retirement Plan was allowed.
Subsection (b) states that employees hired on a Merent date, a six month probation and
the necessity of obtaining a participant's 2e birthday must occur before participating in the
Retirement flan. Further, this section provided a third provision that completion of a
probationary period was necessary for employees hired on any other date in order to enter the
Retirement Plan.
Chapter ' 185 of the Florida Statutes requires mandatory participation in pension plans
commencing on date of employment. Therefore, Subsection (c) has been added that allows
participation from date of employment to comply with this requirement of the state statutes.
. Section 16 -14. Pension Benefits and Retirement Date was amended to add a
specific sentence at the end of Subparagraph (b)(1) which addressed the basic benefit and
contained certain limitations therein. The addition of this paragraph: stated that the benefit
accrual rate for police officer participants may not be less than 2% for all years of service. This
specific language is required in Chapter 185 of the Florida Statutes.
By copy of this letter we are requesting that the Retirement Plan actuary provide an
impact statement for your consideration prior to final reading and enactment of this ordinance
amendment.
We remain available to respond to any questions you may have on this matter.
Yours truly,
R. HARRISON, SR.
r
KR.HAd
Enclosure
cc; Board of Trustees
Larry Wilson, Actuary, Gabriel, Roeder, Smith & Co.
0: \1SM2F LA N\ summaryofProposedordnAmend- LxcrtyMgr
t:ABRIEL, ROEDER, SMITH & COMPANY
Consultants & Actuaries
301 East Las Olas Blvd, • Suite 200 • Ft. Lauderdale, FL 33301 - 2254.954 -527 -1616 • FAX 954- 525 -0083
August 16, 2004
Ms. Haydee Lopez
Benefits USA, Inc.
3810 Inverrary Blvd., Suite 208
Lauderhill, FL 33319
Re: South Miami Pension Plan
Dear Haydee:
As requested, we are pleased to enclose three (3) copies of the Actuarial Impact Statement for
filing the proposed Ordinance for the South Miami Pension Plan with the State of Florida.
The proposed Ordinance (copy attached) will allow Police Officers to participate in the Plan from
date of employment and credited service shall be continuous employment provided that
participation began at first eligibility.
The proposed change in eligibility is a minimum benefit required under F.S 99 -1 for Police
Officers. Our records show, the Chapter Fund held a reserve for unused excess State funds of
$65,275 as of September 30, 2003. The proposed Ordinance includes release of the reserve to
the South Miami Pension Plan. In addition, the increase in the annual cost ($25,282) is assumed
to be paid by current and future State funds.
Please note that this Statement must be signed and dated on behalf of the Pension Board. Copies
of the proposed Ordinance following passage at first reading along with the signed and dated
Actuarial Impact Statement should be filed with the State prior to passage at second reading at
the following addresses:
Mr. Charles Slavin, A.S.A.
Ms. Patricia Shoemaker
Division of Retirement
Division of Retirement
Cedars Executive Center. Building C
Cedars Executive Center. Building C
2639 North Monroe Street
2639 North Monroe Street
Tallahassee, Florida 32399 -1560
Tallahassee, Florida 32399 -1560
Please forward a copy of the ordinance upon passage at second reading to update our files.
The employee census and financial data utilized in the preparation of this Actuarial Impact
statement are the same as utilized for the October 1, 2003 Actuarial Valuation.
Ms. Haydee Lopez
August 16, 2004
Page Two
The undersigned is a Member of the American Academy of Actuaries and meets the
Qualification Standards of the American Academy of Actuaries to render the actuarial opinion
contained herein.
If you should have any question concerning the above or if we may of further assistance with
this matter, please do not hesitate to contact us.
Sincerest regards,
Lawrence F. Wilson, A.S.A.
Senior Consultant and Actuary
Enclosures
cc: Mr. Ken Harrison, Esq.
GABPI €I, ROEDER, SMITH & COMPANY
-2-
GABRIE! , ROEDER, SMITH & COMPANY
South Miami Pension Plan
Actuarial Impact Statement as of October
1, 2003
Police Officers
Actuarial
Proposed
A. Participant Data '
Valuation
Ordinance
1.
Active participants
50
50
2.
Terminated vested participants
1
1
3.
Participants receiving benefits including DROPs
8
8
4.
Annual payroll of active employees
$
3,350,992
$
3,350,992
B. Assets
1.
Actuarial value
$
6,732,468
$
6,797,743
2.
Market value
$
6,081,957
$
6,147,232
C. Liabilities
1.
Actuarial present value of future expected benefit payments
for active members
a; Retirement benefits
$
11,328,815
$
11,580,543
b. Vesting benefits
782,661
843,728
c. Death benefits
53,304
51,943
d. Disability benefits
285,446
286,980
e. Refunds
206,750
190,383
f. Total
$
12,656,976
$
12,953,577
2.
Actuarial present value of future expected benefit payments
for terminated vested members
$
258,298
$
258,298
3.
Actuarial present value of future expected benefit payments
for those currently receiving benefits
a. Service retired
$
875,520
$
875,520
b. Disability retired
0
0
c. Beneficiaries
166,487
166,487
d. Miscellaneous
15,959
15;959
e. Total
$
1,057,966
$
1,057,966
4.
Total actuarial present value of future expected benefit payments
$
13,973,240
$
14,2691841
5.
Actuarial. accrued liabilities
$
9,227,670
$
9,502,196
6.
Unfunded actuarial liabilities
$
2,495,202
$
2,704,453
-2-
GABRIE! , ROEDER, SMITH & COMPANY
-3-
GASRJSL, ROEDEER, SMITH & COMPANY
South Miami Pension Plan
Actuarial Impact Statement as of October 1,
2003
Police Officers
Actuarial
Proposed.
D. Statement
of Accumulated Plan Benefits
Valuation
Ordinance
1.
Actuarial present value of accumulated vested benefits
a. Participants currently receiving benefits
$
1,042,007
$ 1,042,007
b. Other participants
3,520,127
3,735,452
c. Total
$
4,562,134
$ 4,777,459
2.
- Actuarial present value of accumulated non - vested plan benefits
622,216
560,180
3.
Total actuarial present value of accumulated plan benefits
$
5,184,350
$ 5,337,639
E. Pension Cost
1.
Total normal cost
$
569,894
$ 576,093
2.
Payment required to amortize unfunded liability
202,473
219,683
3.
Interesf
30,187
32,060
4.
Total required contributions
$
802,554
$ 827,836
5.
Item 4 as a percentage of payroll
23.9%
24.7%
6.
Estimated employee contributions
$
361,518
$ 361,518
7.
Item 6 as a percentage of payroll
10.8%
10.8%
8.
Estimated State contributions
$
12,498
$ 37,780
9.
Item 8 as a percentage of payroll
0.4%
1.1%
10.
Net amount payable by City
$
428,538
$ 428,538
11.
Item 10 as a percentage of payroll
12.8%
12.8%
F. Disclosure of Following Items
1.
Actuarial present value of future salaries - attained age
$
31,720,433
$ 31,453,407
2.
Actuarial present value of future employee contributions - attained age
$
2,379,032
$ 2,359,005
3.
Actuarial present value of future contributions from other sources
N/A
N/A
4.
Amount of active members' accumulated contributions
$
1,118,955
$ 1,118,955
5.
Actuarial present value of future salaries and future benefits at entry age
Not provided
by software
6.
Actuarial present value of future employee contributions at entry age
Not provided by software
-3-
GASRJSL, ROEDEER, SMITH & COMPANY
South Miami Pension Plan
Actuarial Impact Statement as of October 1, 2003
Police Officers
G. Amortization of Unfunded Actuarial Accrued Liability
Remaining
Unfunded Amortization
Funding
Date Established
Liability Pam
Period
10/01/1990 Assumption Method Change
$ - (111,250) $
(11,293)
17 years
10/01/1991 Actuarial Loss (Gain)
(82,013)
(8,103)
18 years
10/01/1992 Plan Amendment"
(6,611)
(637)
19 years
10/01/1.992 Actuarial Loss (Gain)
(176,651)
(17,032)
19 years
10/01/1993 Actuarial Loss (Gain)
(39,396)
(3,715)
20 years
10/01/1993 Plan Amendment
211,614
19,957
20 years
10/01/1994 Actuarial Loss (Gain)
62,749
5,800
21 years
10/01/1994 Assumption Change
26,117
2,414
21 years
10/01/1995 Actuarial Loss (Gain)
(176,836)
(16,051)
22 years
10/01/1995 Plan Amendment
253,853
23,042
22 years
10/01/1996 Actuarial Loss (Gain)
(100,436)
(8,967)
23 years
10/01/1997 Actuarial Loss (Gain)
(190,172)
(16,724)
24 years
10/01/1998 Actuarial Loss (Gain)
(302,323)
(26,223)
25 years
10/01/1.999 Actuarial Loss (Gain)
(96,311)
(8,249)
26 years
10/01/1999 Plan Amendment
126,894
10,869
26 years
10/01/2001 Actuarial Loss (Gain)
1,032,446
86,505
28 years
10/01/2001 Method Change
(519,257)
(43,506)
28 years
10/01/2001 Plan Amendment
$12,417
68,069
28 years
10/01/2002 Actuarial Loss (Gain)
775,068
64,315
29 years
10/01/2002 Plan Amendment
193,557
16,061
29 years
10/01/2003 Actuarial Loss (Gain)
563,535
46,349
30 years
- 10/01/2003 Plan Amendment
238,208
19,592
30 years
10/01/2003 Proposed Ordinance
209,251
17,210
30 years
TOTAL
$ 2,704,453 $
219,683
This actuarial valuation and /or cost determination was _prepared and completed
by me or under my direct
supervision, and I acknowledge responsibility for
the results. To the best of my knowledge, the results are
complete and accurate, and in my opinion, the techniques and assumptions used are reasonable
and meet the
requirements and intent of Part VII, Chapter 112, Florida Statutes. There is no benefit
or expense to be provided
by the Plan and/or paid from the Plan's assets for which liabilities or current costs have not been established or
otherwise taken into account for in the valuation.
All known events or trends which may require a material
increase in plan costs or required contribution rates have been taken into account in the valuation.
Lk- J-qmk
l
Enrollment Number: 02 -2802
Lawrence F. Wilson, A.S.A.
Dated: August 16, 2004
-4-
GABRIE4 ROEDER, SMITH & COMPANY
South Miami Pension Plan
Outline of Principal Provisions of the Retirement Plan
A. EffectivDDate:
October 1, 1965. Most recent resolution / bargaining agreement was adopted July 23, 2002.
B. Eligibility Requirements:
1. General Employees
Any regular full -time employee is eligible to enter the plan following the completion of six
months of Credited Service and attainment of age 20.
2. Police Officers
Any regular full -time Police Officer is eligible to enter the plan as of date of employment.
C. Credited Service:
1 General Employees
Continuous employment. Credited service shall exclude continuous employment prior to plan
participation as follows: (1) If employed prior to October 1, 1973, credited service shall
exclude the first two years of continuous employment and any additional year of continuous
employment prior to attainment of age 25. (2) If employed on or after October 1, 1973,
credited service shall exclude the first six (6) months of continuous employment and continuous
employment prior to age 20.
2. Police Officers
Continuous employment. For Police Officers who did not participate when first eligible for the
plan credited service shall exclude continuous employment prior to plan participation as
follows: (1) If employed prior to October 1, 1973, credited service shall exclude the first two
years of continuous employment and any additional year of continuous employment prior to
attainment of age 25. (2) If employed on or after October 1, 1973, credited service shall
exclude the first six (6) months of continuous employment and continuous employment prior to
age 20.
D. Final Monthly Compensation (FMQ
Final Monthly Compensation is 1 /36th of the final 36 consecutive months of compensation. For
Police Officers, not less than 1 /5th of the highest five (5) years out of the last (10) ten years of
compensation. Compensation shall mean regular wages and salaries, excluding bonuses, overtime
pay, vacation, sick leave and other additional compensation.
-5-
GABRIEL, ROEDER, SIMITH & COMPANY
South Miami Pension Plan
Outline of Principal Provisions of the Retirement Plan
E. Normal Retirement:
1. Eligibility_
a. General Employ Attainment of age 55 and completion of ten (10)
years of credited
service.
b. Police officers: Attainment of age 60 and completion of ten (10)
years of credited
- service or completion of twenty -five (25) years of credited service
regardless of age.
2. Benefit:
The monthly plan benefit is the product of:
a. FMC,
b. Credited service during the appropriate period and
c. The appropriate benefit percentage
The appropriate benefit percentages are:
a. General Employees For Credited Service
Percentage
Through September 30, 1999
2.50%
October 1, 1999 and thereafter
2.75 %
b. Police Officers For Credited Service
Percentage
Through September 30, 1995
2.00%
October 1, 1995 through September 30, 1996
2.25%
October 1, 1996 through September 30, 1997
2.50 %
October 1, 1997 through September 30, 2001
2.75%
October 1, 2001 through September 30, 2002
2.80%
October 1, 2002 through September 30, 2003
2.90%
October 1, 2003 and thereafter
3.00%
F. Supplemental Benefit:
A cost -of- living supplemental benefit based upon the consumer price index
is provided upon
retirement. The annual increase is limited to 3 %.
-6-
OARR ➢E7_, ROEDER, SMITH & COMPANY
South Miami Pension Plan
Outline of Principal Provisions of the Retirement Plan
G. Early Retirement:
1. Eli ibility: Attainment of age 60 (age 50 for Police Officers) and completion of 15 years of
credited service,
2. Benefit: Accrued benefit based upon FMC and credited service as of early retirement
date, reduced 6 % (3% for Police Officers) for each year that the benefit
commencement date precedes Normal Retirement.
H. Delayed Retirement:
1. Eligibility: Retirement subsequent to normal retirement date.
2. Benefit: Accrued benefit based upon FMC and credited service as of delayed retirement
date.
L Disability Retirement:
1. Eligibility: Totally and permanently disabled for a six month period while actively
employed.
2. Benefit: Accrued benefit based upon FMC and credited service as of date of disability,
actuarially reduced as for early retirement for early commencement.
J. Pre - Retirement Death Benefit:
The beneficiary shall receive the member's accumulated employee contributions.
K. Benefit Upon Termination of Service
1. Benefit payable at normal retirement equal to the greater of.
a. Accrued benefit based upon FMC and credited service as of date of termination times the
vesting percentage shown below, or
b. Benefit which can be supported by the accumulated member contributions with interest to
normal retirement date.
No supplemental benefit shall be payable to vested tenninees until they commence receiving
benefits.
South Miami Pension Plan
Outline of Principal Provisions of the Retirement Plan
2. Vesting Schedule:
3. Refund Option:
A terminated member may elect to receive a refund of accumulated contributions (with 3%
interest for General Employees) in lieu of receiving any other plan benefits.
L. Member Contributions:
Members contribute 7 % (7.5% for Police Officers) of member's basic annual compensation.
Should the City contribution for General Employees '!)e actuarially determined to exceed 12%
(9.5% for Police Officers), both the City and the General Emplo;Ptes will share equally in the
amount in excess of J2% (9.5% for Police Officers).
M. Normal Form of Retirement) :Income:
The normal form of payment shall be a life annuity with a guarantee of a refund of accumulated
employee contributions.
N. Changes Since Previous Valuation:
Prior to proposed Ordinance, for Police Officers:
1_.. ETip-iWitv Sen'.ice:
Any regular full -tine employee etas eligible to enter the plan following the completion of six
months of Cre6ted :Service and atfai&jentg£ age 20.
2. Credited Service:
Continuous employment:. Credited service shall % Z Iude continuous employment prior to ,
plan participation as follows: (1) If employed prior Eo tcber 1, 1973, credited service shall
exclude the first two years of continuous additional year of continuous
employment prior to attainment of age 25. (2) If employ Zq or after October 1, 1973,
credited service shall exclude the first six (6) months of tzous employment and
continuous employment prior to age 20.
-8-
GABRIEL, ROEDER. SMITH & COMPANY
South Miami Pension Plan
Actuarial Assumptions and Actuarial Cost Methods
Used in the Valuation
A. Mortality
For healthy active lives, the 1983 Group Annuity Mortality Table was used with separate rates for
males and females.
For disabled lives, the 1985 Pension Disability was used with separate rates for males and females.
B. Interest to be Earned by Fund
8.0 %, compounded annually.
C. Allowances for Expenses or Contin eg ncies
Actual expenses paid in previous year.
D. Employee Withdrawal Rates
Withdrawal rates for males and for females were used in accordance with the following illustrative
example-
E. Disability Rates
1985 Disability study, Class 1 with separate rates for females was used.
F. Marital Assumptions
100% of active members are assumed to be married. Where applicable, females are assumed to be
three years younger than their male spouses.
-9
GABRIEL, ROEDER, SMITH & COMPANY
South Miami Pension Plan
Actuarial Assumptions and Actuarial Cost Methods
Used in the Valuation
G. Salary Increase Factors
Current salary is assumed to increase at an annual rate equal to 6.0% per year.
H. Retirement Rates
Members are assumed to retire on their normal retirement date, minimum one year of future
service. Rates of early retirement for Police Officers were used in accordance with the following
illustrative example:
I. Valuation of Assets
The method used for determining the actuarial value of assets phases in the deviation between the
expected and actual return on assets at the rate of 20% per year. The actuarial value of assets will
be further adjusted to the extent necessary to fall within the corridor whose lower limit is 80% of
the fair market value of plan assets and whose upper limit is 120% of the fair market value of plan
assets.
J. Cost Methods
Normal Retirement, Termination Disability and Pre- Retirement Death Benefit:
Entry -Age- Actuarial Cost Method
Under this method the normal cost for each active employee is the amount which is calculated to be
a level percentage of pay that would be required annually from his date of hire to his retirement age
to fund his estimated benefits, assuming the Plan had always been in effect. The normal cost for
the Plan is the sum of the individual normal costs for all active participants; The actuarial accrued
liability as of any valuation date for each active employee or inactive employee who is eligible to
receive benefits under the plan is the excess of the actuarial present value of estimated future
benefits over the actuarial present value of current and future normal costs. The unfunded actuarial
accrued liability as of any valuation date is the excess of the actuarial accrued liability over the
actuarial value of assets of the Plana
K. Changes Since Previous Valuation
None
10
South Miami Pension Plan
Actuarial Impact Statement as of October I, 2003
A. Description of Proposed Amendment (see attached Proposed Amendment)
Police Officers shall participate in the Plan from date of employment. For Police Officers, credited
service shall be continuous employment provided that participation began at first eligibility.
B. An estimate of the cost of implementing this amendment (see attachment)
C. In my opinion, the proposed changes are in compliance with Part VII, Chapter 112, Florida Statutes and
Section 14, Article X of the State Constitution.
Chairman, Retirement Committee
Date
Nov 22 04 03:46p
p 2
IV
1
CITY OF SOUTH MLA M] PENSION FUND
IVIIIWTES
JANUARY 27, 20• )4
Chairman Fulton called the meeting of the Board of Trustees of the City of South Miami
Pension Fund to order at 9:10 a.m., at the City Cc mmission Chambers of the City of
South Miami.
TRUSTEES PRESENT: Eric Fulton, Maria Stout Tate, Rick Freeburg, Frank Gilbert
and Bruce Ross
OTHERS PRESENT: Fund Attorney David Rob nson; Tim Nash of Trusco Capital
Management and Administrator Haydee Lopez of Be: iefits USA, Inc.
APPROVAL OF MINUTES:
A motion made by Ms. Stout -Tate to approve tl e minutes of the regular meeting
December 8, 2,003 was seconded by Mr. Freeburg. I he motion carried.
CONSENT AGENDA:
Sugarman & Susskind, PA(Inv#27711 Legal Fee) $2,500.00
Benefits USA, Inc. (January, 2004 Adze Fee) $990,00
Salem Trust Company (10/1/03 - 12/31/03 Custodian 1 ee) $1,802.10
Gabriel, Roeder, Smith & Company (Inv# 89185) $4,585.00
A motion by Ms, Stout -Tate to approve the com ent agenda was seconded by Mr.
Freeburg. The motion passed.
UNFINISHED BUSINESS:
Status of Pending Annuity Policy — Attorney Robinsi ;n reviewed a letter prepared by his
office dated January 22, 2004 as directed by the Tr istees. Attorney Robinson reported
that there has been no response form the City as of yet. Chairman Fulton directed the
Fund Attorney to follow up within 30 days. Attorne � Robinson reported they would do
so.
Trustee Vacancies and Expired Tenns- Attorney Rot nnson reviewed a letter prepared by
his office dated January 22, 2004, Ms. Stout -Tate a tdvised the Trustees that she has a
possible applicant for the Board who lives in South Miami, Attorney Robinson also
reviewed a letter prepared by this office regarding th , make up of the board. Following
review, it was noted that the Fund Attorney did not W ve the amended Ordinance because
the ordinance had changed from five to seven membc rs, The Administrator was directed
to contact the Ci1.y Clerk and provide the Fund Attorr .-y with the amended Ordinance; It
was noted they would do so. The Trustees directed thy, Fund Attorney to revise the letter,
1
. ........................... ...
._ ......... .
Nov 22 34 03:47p N.3
BALLOT RESULTS RE: CRAPTER 99 -1 MW 4UM BENEFITS
Ms, Lopez reported on the ballot results regarding tl to Chapter 99 -1= Minimum Benefits.
It was noted that 17 pension fund members chose Option 92 which. was Provisions 7 and
8; 2 pension fund members chose Option I which was Provisions 3,4,5 and 7; and 2
pension fund members chose Option 3 which was he ld the monies in reserve. Following
discussion, the Trustees. directed the Fund Attorne;, to draft an Ordinance to fund the
Minimum Accrual Rate at an annual cost of $103.00 and the Credited Service Definition
at an annual cost of $26,473.00. It was noted that t ie Fund has $28,333 in excess state
funds to apply towards the annual cost: of these two minimum benefits. Attorney
Robinson noted they would do so.
REPORTS
Attorney- No further report.
Chairman- No further report
Secretary — No further report
Administrator- Ms. Lopez reported that the Investment Agreements between Trusco
Capital Management and the Fund were in order am had been signed by all appropriate
parties. A copy of the Investment Agreements we: °c in the Trustees packets for their
records.
The next meeting date was scheduled for April 27, 20A at 9:00 a,m,
A motion by Mr. Ross to adjourn the meeting at 9:3 i a.m. was seconded by Ms. Stout -
Tate, The motion passed.
Mr. Tire Nash of Trusco Capital arrived at 9;35 a.-n. to present his firms Investment
Report for the quarter ended December 31, 2003. A n lotion by Mr. Ross to reconvene the
meeting at 9:35 a.m.was seconded by Ms. ",tout -Tate. The motion passed.
INVESTMENT REPORT FOR QUARTER ENDE la DECEMBER 31, 2003
Mr. Tim Nash was present to provide his report for tht: quarter ended December 31, 2003.
Mr. Nash reported that now that the investment Agree ments have been signed the 2 fixed
income portfolio were purchased on December 31, 20 )3. Mr. Nash stated that the market
value of the Fund as of December 31, 2003 was $12,( 33,695. Mr. Nash reported that the
investment returns for the total Fund was 6.55% as of December 31, 2003, The
investment returns for the equity portfolio was 10.6 % vs. 12.18% and the investment
returns for the fixed income portfolio was 1.06 % vs. 0.14% for the quarter ended
December 31, 2003, Mr. Nash reported that the ass dt allocation is as follows: 63.2%
Equity; 33,9% Fixed Income and 2.9% Cash.
Nov 22 04 03:47p p.4
Mr. Nash reported that the S & P 500 rose 12.2 % on a total return bases in the 40' quarters
The index was tip 28.7% for all of 2003 and this was the largest increase since 1997. Mr.
Nash stated that all ten sectors in the S & P 500 incre iced in the 4", quarter and small caps
generally outperformed large cap stocks during the 4` ` quarter. Mr. Nash reported that the
expansion in the economy, supported by continued fiscal and monetary policy will
support further earnings growth and higher stock prices and the Fund will remain
overweighted in equities.
Mr. Nash reported the Lehman Aggregate Bond inde K rose 0.32% on a total return basis
during the fourth quarter. It was noted that this was the fourth consecutive positive year
for the index. Mr. Nash believes that the 20 year secular decline in interest rates is
ending, a sharp rise from this point is unlikely over `he near term given current Federal
policy and the vulnerability of interest sensitive secto• •s. As a result, Trusco is positioning
portfolio durations neutral relative to ben0marks in )rder to allow the portfolio to "out
yield" the market, during this low bond yield period.
Mr. Nash inquired regarding the best execution iettr:r. Attorney Robinson reported he
would draft a letter. A motion by Mr. Freeburg to daft a letter and have the Chairman
sign as soon as possible was seconded by Nis. Stout -T .te. The motion passed.
A motion by _Mr. Freeburg to adjourn the meeting a : 10: 10 a.m. was seconded by Ms.
Stout -Tate. The motion passed.
Secretary
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CITY,-,OF SOUTH MIAMI
NOTICE OF
PUB�.IC HEARING ,
' � Ly4r Sri
NOTICE I$' HEREBY given that the City Commission of.the C[ty of. ;Souths
Miami Florida wilt conduct Public Hearings at.its regular City Commis _I
sign meeting scheduled for Tuesday December 7 2004 beginning af'
7:30 p m.,;in the City Commission Charnbers,.6up Sunset Drive, to con
MIAMI DAILY BUSINESS REVIEW siderthef °�i °wingitems f
Published Daily except Saturday, Sunday and Fri st Reading OrtllrlanCe 4' n },
Legal Holidays AN ORDINANCE OF THE MAYOR ANQ GITtY COMMISSION '
Miami, Miami -Dade County, Florida OF THE CITY OF SOUTH MIAMI, FLORIDA„ AMENDING
' SECTION 20-3:6 (H) (2) `(c) OF THE LAND DEVELOPMENT `
STATE OF FLORIDA CODE;OF THE; CITY OFSOUTH:;MIAMt TO ELIMINATE THE
COUNTY OF MIAMI REOUIRf:D MINIMUM 60 °!� OPEN AREA ON THE'COPI14,
(2) FEET'OF FENCES ADJAGENT T4 A RIGHT OF WAY,
Before the undersigned authority personally.appeared PROVIDING FOA i SEVERABILITY,x 'PROVIDING 'FOR
O.V. FERBEYRE, who on oath says that he or sheds the ORDINANCES INz CQNFL'ICT, AND ;PROVIDING' AN
SUPERVISOR, Legal Notices of the Miami, Daily Business
Review fik/a Miami Review, a daily (except Saturday, Sunday k y�
and Legal Holidays) newspaper, published at Miami in Miami -Dade Second Reading Oi!dmance ' �f
County, Florida; that attached copy of advertisement, AN ORDINANCE OF T.HE MAYOR AND`CITY COMMISSION
OF THE CITY OF SOUTH4MIAM1; FLORIDA AMENDING THE
11 being a legal Advertisement of Notice in the matter of GITYs40F SOUTH "MIAMI',PENSION PLAN;''P0.14 IDING FOR
E4tGtBIL'tTY AT DATEfOF EMPLOYMENTi % 41? LI 1
'.
OFFICER'EMPLOYEES'OF THE CITI( OF SOUTH
CITY OF SOUTH MIAMI PUBLIC HEARING 12/7/2004 PROVIDING FOR A MINIMUM RATE OF BENEFIT ACCRUAL
ORDINANCE AMENDING SECTION 20 -3.6 (H) (2) (C), ETC. FOR POLICE OFFICER EMPLOYEES, PROVIDING
SEVERABILi"Y PROVIDING FOR CODIFICATION, `'AND „
in the XXXX Court, PROVIDiNG'FOR AN EFFECTIVE DATE;zz r s
was published in said newspaper in the issues of ; * ' ' °tt S I `i
a
ReSOlUtlbn3 t ;° s� x, rr as q
11/26/2004 A RESOtaJTIONfOF THE MAYOR AND CITY COMMISSION
OF THE CITY OF SOUTH;MIAMI, RELATING TO A REQUEST
PURSUANT'TO SECTION 20 5 "16(e) OF THE LAND DEVEL'
Affiant further says that the said Miami Daily Business OPMENTCODE FOR RELEASE;OF A UNITY'OF TITLE FOR
PROPERTY LOCATED AT' 6200 SW 60t(� COURT AND I
Review i5 a newspaper published at Miami in said Miami -Dade LEGAL'CY DESCRIBED `AS LOTS t1 AND 2, BLOCK .47-'-An
County, Florida and that the said newspaper has rt
heretofore been continuously published in said Miami -Dade County, HARRIS ESTATES SUBDIVISION, THE P,URPOSEzOF THE
Florida, each day (except Saturday, Sunday and Legal Holidays) REQUEST IS T,O'PERMITA RESIDENTIAL BUILDING TO BE 4 ISL
and has been entered as second class main matter at the post CONSTRUCTED{ ONE LOT f2, ANDhPROUIDWGFOR AN
' EFFECTIVE DATE`
office in Miami in said Miami -Dade County, Florida, fora
i r .t nS nit rb � ¢ r ^�. �' s + ,
period of one year next preceding the first publication of the A RESOLUTION „OF THE MAYOR & GITY.COII�IMISSION OP-
attached copy of advertisement; and affiant further says that he or THE CITY OF°SOUTH"fAIAMI,,"FLORII A' RELATING TO A.
she has neither paid nor promised any person, firm or corporation REQUEST FO,R ; APPROVAL tOF THE FOLLOWING TWO:`
any discount, rebate, commission or refund for the purpose PARKING VARIANGES IN ORDER TOFPERMIT PROPERTY ,
of securing thi dvertise for publication in the said LOCATED AT 6230 SW 7,DTHFSTREET IN AN , RO' RESIDEN
TIAL OFFICE 20NING USE ,DISTRICT TO BE USED AS A;
newspaper. ,COMMERCIAL OFFICE.,BUILDING (1)r VARIANCE< FROM,
SECTIONS 20-4 4(8)(10) ,;OF THE LAND {.DEVELOPMENT-
CODE TO ALLOW FOUR' OFF STREET PARKING SPACE&
WHERE,'�THE REQUIRED OFF STREE T PARKING .IS F4VE
SP'PAC ES� OaVAR1ANCEgFROM SECTION 20-44( (3) OF?
Sworn to and subscribed before me this THE LAND DEVELOPMENT CODE TO ALLOW REQUIRED {f
PARKING TO BE LOCATED IN ;THE
, E FRONTO` = SETG BAC
A.D. 2004 :RO ZNIN26 S K:
USE;
DISTRICT AND;dROVIDING FOR AN EFFECTIVE DATE
-, Above items can be inspected in the City Clerk s Office Monday Friday
during regularoffice hou yr
(SEAL) rs r ;
� . � rr;`'t� ; x��
For inquiries on the above first radin° sel
.ocdinance and resolutions plea
O.V. FERBEYRE personally known to me contactthePtannmgandZoning,Dept at605 663 6326 ,
xlt
x Maria I. Mesa ALL interested parties are invited to attend and wilFbe he rtl `
i Commission DD293855
Fxoir€ s March 04, 2008 Maria M -Menendez.
City Clerk
Pursuant. to, Florida Statutes 286 0105,', the City, hereby,:advises
the
public that if `.a person tlecides to „appeal any;;tlecisiorrmade byttus
Board :Agency or” Commission With .respect to any'matterconsidered at_'
its- riteeting or hearing, he or she 'will:need''a record of the proceedings
and 't, t for such 1.9 larted person may need;Ia ensure that a
verbatim record •of the proceedings is mad44hich'record includes tfie i
testimony and evidence on, which the appeatis t.6 esd
1.1 /2fi "'04- 3= 061503435M`
,IitIt.. $ I u1 ,:hit 9t I 9 s 1r�a J3:8aa1,ltlf,t
COURTESY NOTICE
. F SOUTH MIAMI FLORIDA.*
On Tuesday, December 7, 2004; beginning at 7:30 p.m:,'; in the City Commission
Chambers, 6130 Sunset Drive,. the City Commission will hold Public Hearings to
consider the following items:
AN ORDINANCE AMENDING THE, - LAND DEVELOPMENT CODE OF THE CITY
OF SOUTH MIAMI TO ELIMINATE THE REQUIRED MINIMUM 60% -OPEN AREA
ON THE TOP TWO (2) FEET OF FENCES ADJACENT TO A RIGHT-OF.-'WAY.
N ORDINANCE AMENDING THE CITY OF SOUTH MIAMI PENSION PLAN,
PROVIDING FOR ELIGIBILITY AT ,DATE OF EMPLOYMENT FOR POLICE
OFFICER EMPLOYEES OF THE CITY OF SOUTH MIAMI; PROVIDING FOR A
MINIMUM RATE OF BENEFIT ACCRUAL FOR POLICE OFFICER EMPLOYEES.
A RESOLUTION PURSUANT TO THE LAND DEVELOPMENT CODE FOR
RELEASE OF A UNITY OF .TITLE FOR PROPERTY LOCATED AT 80200 SW 60ih
COURT AND. LEGALLY DESCRIBED AS LOTS 1 AND 2, BLOCK 1, HARRIS
ESTATES SUBDIVISION; THE PURPOSE OF
THE -REQUEST IS TO PERMIT A
RESIDENTIAL BUILDING TO BE CONSTRUCTED ON LOT 2.
A RESOLUTION FOR APPROVAL' OF THE FOLLOWING TWO PARKING
VARIANCES "IN. ORDER TO PERMIT PROPERTY LOCATED AT 6230 SW 70TH
STREET IN AN "RO "RESIDENTIAL. OFFICE ZONING USE DISTRICT TO BE
USED A&A :COMMERCIAL OFFICE BUILDING (i) VARIANCE FROM THE LAND
DEVELOPMENT CODE. TO ALLOW FOUR. `OFF- STREET PARKING SPACES
WHERE THE REQUIRED OFF_ STREET PARKING IS FIVE SPACES; (2)
VARIANCE FROM THE LAND 'DEVELOPMENT CODE TO ALLOW REQUIRED
PARKING. TO BE LOCATED IN THE FRONT SETBACK AREA WHICH IS
PROHIBITED IN THE RO ZONING USE DISTRICT.
Inquiries concerning this item should be directed to the Planning Department at 305.. -663-
6326.
ALL interested parties are invited to attend and will be heard.
Maria M. Menendez
City Clerk
Pursuant to Florida Statutes 286.0105, the City hereby advises the public that if a person decides to
appeal any decision decision made by this 'Board, Agency or Commission' with :respect to any matter
considered at its meeting or hearing, he or she will need:a record of the proceedings, and that for
such purpose, affected person may. need to ensure that a verbatim record of the proceedings is made
which record includes the testimony and evidence upon which the appeal -is o be based.
_ 1
MIAMI DAILY BUSINESS REVIEW
Published Daily except Saturday, Sunday and
Legal Holidays t r a
Miami, Miami -Dade County, Florida .:
STATE OF FLORIDA CITY ®F SOUTH MIAMI
COUNTY OF MIAMI -DADE: s
NOTICE OF PUBLIC HEl6RINQ
Before the undersigned authority personally appeared
�.
O.V. FERBEYRE, who on oath says that he or she is the NOTICEtIS HEREBY ?given thattfie City Commrsston of the City of South,
SUPERVISOR, Legal Notices of the Miami Daily Business Miami y Fiontla Hnit' conduct Pu¢Irc Heaeings at its regular• Gtry
Review f/k/a Miami Review, a daily,(except Saturday, Sunday CominissrGn meebngscheduledforTAesday March 15 2005 beginning
and Legal Holidays) newspaper, published at Miami in Miami -Dade at 7 3b pm m the-, Commtsston Chambers 6130 Sunset Drive to
County, Florida; that the attached copy of advertisement,
cansiderthe following items s
being a Legal Advertisement of Notice in the matter of Second Reading Ordinances
I)" T 77,,,
N ORDINANCE OF THE MAYOR AN,D CITY COMMISSION ,
CITY OF SOUTH MIAMI OF THE CITY OF SOUTH MIAMI FLORIDA AMENOINGTHE
PUBLIC HEARING FOR 3/15/2005 "` CLTY'pF SOUTH MIAMI PENSION PLAN PROVIDING FOR _ >:
ELIGIBILITY AT, DATE :Qi EMPLOYMENT FOR POLICE ;:
in the XXXX Court, OFFICER EINPLOYEES OFXTHE �17Y "OF SOUTH MIAMI
PROVIDING FOIi A MINIMUM RATE OF BENEFITACCRUAL
was published in said newspaper in the issues of � FOR rPOLlCE OFFICER �,F,MPLOYEES .PROVIDING FOR
4SEVERABILITY PROVIDING FAR GpDIFICA ION AND
03/04/2005 r
pROV1DINGFOR VZDATk M, t
'AN ORDINANCE OF THE MAYOR A CITY COINMISSION r. `"
Affiant further says that the said Miami Daily Business ND
OF THE CIjY OF SOUTH MIAMI o FLORIDA ADOPTING Aa
Review is a newspaper published at Miami in said Miami -Dade DEVELOPMENT. AGREEMENT NPUIiSt1ANT_TA ;FLORIDA
County, Florida and that the said newspaper has STATE STATUE 163 3221 FOR A UNIF...IED DEVELOPMENT
heretofore been continuously published in said Miami -Dade County ,,PROaECT,KNOWN AS � PROJECT SUNSET WHICH WILL
Florida, each day (except Saturday; Sunday and Legal Holidays) � iNCLUbEjIjREE BUILDINGS UP TO FOUR (4) STORIES JN
and has been entered as second class mail matter at the post sz HEIGHT AND THE FOLLOWING USES: 106 MUITt FAMILY r
office in Miami in said Miami -Dade County, Florida, fora ytRESIDENTIAL3 UNITS, °RETAIL,. USFS OFFLC.E USES :=
period of one year next preceding the first publication of the RESIAURANTS;;BANK'AN.D A PARKING'GARAGES ALL,;`
attached copy of advertisement; and afftant further says that he or FOR „PROPERTY'- LOCATEb;GENERALLY AT 5750SUNSET
DRIVE AND L,EGALLY:DESCRIBED -AS LOTS 6.THRU 9 40 she has neither paid nor promised any person, firm or corporation TRRU 45 53 TRRU 68 INCLUSIVE ANQ: THE EAST:50 FEET = '
any discount, rebate, commission or refund for the purpose OF LOTS 51 A(VQ 52 OF YV A LARKINS SUBDIVISION
of securin ,this adv ant for publication in the said
ACCCRQING TO SHE PLATTHEREOF;REC6RDFn IN PLAT
newspap r. BOOK 3 AT PAGE 198 OFD THE PUBLIC RECORDS OF.
MIAMI DADE COUNTY PROVID]NG FOR SEVERABILITY'
"i pROVIDINGrFOR sORDINANCES IN CONFLICT, aAND z;
�ar �ROVlDING"AN EFFECTIVE DATE „Y s�,� r r r, E�, r
Sworn to and subscribed before me this Resolutions
04 day of MARCH A.D. 2005 A RESOL. ITION OF THEMAYOR AND -CRN COMMISSION '; .)
�f OF THE CITYOF SOUTH MIAMI FLORIDA RELATING TO A
�7REOUP UA
URSNTTOSECTION2089 (B)OFTHELANt)
EST
`DEVELOPMENT "CODE FOR A SPECIAL EXCEPTION
APPROVAL TO LOCATE A LARGE SCALE DEVELOPMENT r
(SEAL) IJSE {SIX STONY; MIXED USE MEDICAL OFFICE !;RETAIL) , r`,
BUILbING`AT 71507160 SW; 62nd AVENUE M THE TODD
Cheryl H manor0t (MU 5) � TRANSIT bRIENTED DEVELOPMENT DISTRICF
O.V. FERBEYRE personall tWiftimmtssion D0836859 (MIXED USE 5} AND P IQViDING FOR AN EFFECTIVE its
i x .t ri
°+
g'
gw1ExpueSJllly18.2006�
A ..
OF THE CITY OF SOUTH G9t,AM10RELATIN6TO A REQUEST
I PURSUANT TO 'SECTION 20.3 4(B)(4)(b) OF THE LANb
DEVELOPMENTlODE FOFtrr SPECIAI:,USE APPROVAL TO
LOCATE FOUR GENERAL ;RESTAURANTS AS PART Op ,)
PROJECT SUNSET A UNIFIED DEVELOPMENT WfTHlN<
� THEW. "SR (HD D1� `SPECIALTY AETAIL (HOMETOWN f
QISTHiCTOVERt i4Y) ZONING DtSTRfOTALL FOR PROPER j
TY LOCATED GENERALLY,
AT 5750 5,UNSET DRIVE ANb
LEGALLY QESGpIBEO AS LOTS 6 TRRU 440 TRRU sommossom 45 53 r
ZHRU- 66 INCLUSIVE AND THE EAST, 5d FEET OF _ SI z
AND .52 OF W ,A LARKINS.SUBDIVIS(ON ACCORbINGTO .;
7HE PLAT,THEREOF, RECORDED IN `PLAT >BOOK 3 AT :'; ,
PAGE' 196 OF;THE PUBLIC:- JiECORDS OF MIAMI DADE :':
COUNTY AND PROVIDING AN EFFECTIVE DATE
Above Items can be respected m the City Clerks Office Monday Friday'
dunngregularo lee,
hours f
If you have any mgwries on the first two dem$`please contact the City
Clerks office at 305 663 6340
ALL interested patties are mwted toattend and:41l be heard-
Maria M. Menentlez
`F
CityCierk
Pursuant Co Florida Statutes 286.0105 the;City hereby - advises tte
pubirc thai= rf a person'; decrdes'to; appeal any decision ;made by this;
Board Agency or Comisslon with, respect toany matter considered at'
ds meeting or hearing, "she or stie wiltneed a record of theproceeding's,'
and that Jor such;purpose affected person.may need td ;ensure thata-
verbatim record of the proceedings is made which record; includes the!
testimonyapd evidence upon which the appeal,is to tiebased ,
314_
I
e... i �1 I x♦f � � r....T
ers through seniors
Series will be noon March 24 and
Piece of fabric or an
discuss The Things They Carried
by Tim O'Brien. Lisa Jefferies will
andkerchief along
ams such as pillow-
lead the session. Bring a bag
:s and more to cele-
lunch and coffee will be pro -
ghtness of Shabbat.
vided. Adult Purim : Megillah
will be provided.
Reading "Year of the Hat" will be
s or dress accord -
7:30 p.m. March 26. Bring your
ih Shabbat" Service
Shabbat in an inti -
fanciest, funniest hats and cos-
tumes. We will read from the
i service in in Room
Megillah and Chinese food will be
Seth Am is proud to
served. Tickets are $10 per per -
lational network of
son. Call 305 - 573 =5900. Feed
: affiliated with .
the homeless .inajoint program
ynagogueTransfor-
with Touching Miami with Love
Renewal dedicated
will meet 7:45 to 10:45 a.m.
ag Shabbat ,vvith a
March 27 at Central Baptist
ovative options in
Church on Northeast Fifth Street
prayer, study, social
and Northeast First Avenue by
Programming. The
the Court Building. We'll prepare
groundbreaking of
and serve food and do clean up
Sanctuary /Bali-
as well as have an opportunity to
el /Administrative
have some fascinating conversa-
II be at 11:30 a.m.
tions with our friends who partic-
r more information,
Epstein, Develop -
ipate. Contact us to reserve your
slots:. Contact Bruce Jay at
:or, ext. 148, jep-
305- 576 -5001 ext. -28.
,org. Family 'Purim
)rating Beth Am's
Temple Samu EI Or 010m,
y will be from noon
arch 13. Call Susan
10680 SW 113th PI.,
305 -271 -5756: Adult B'nai Mitz-
305- 667 -7185 or
vah class, conducted by Cantor
hneiderman at
Ronit Rubin, at 8 P.M. March 15.,
)2. The Empty Nest-
Contact the Synagogue office
a screening of The
for registration. T.SOO Youth
•'s Wife at 7 p.m.
Singers will rehearse with Cantor -
ntact Annie Beren=
Rubin from 5:30 p.m. to 7 p.m.
TSOO Adult Singers wily
151 or aberen-
-rg. Purim Celebra-
and
rehearse with Cantor Rubin from
Shushan Idol will be
7:30 p,m. to 9:15 p,m. March 10
arch 24. An evening
for children and
and 17, Shabbat evening services
will be conducted'by Rabbi
pecial activities for
David D. Schonbium whose ser-
kets $15 in advance,
mon topic will be "What is a
or. Children under 5
Shekel ?" at 8 p.m. March 11. Can -
ire admitted free.
dle lighting is at 6:10 p.m. Shab-
:kets can be pur-
bat morning services will be con-
' March 22..Call Lori
ext. 114, isolo-
ducted by Rabbi David D.
Schonblum who will discuss the
,org. High school
Torah portion, Pekudei, at 9:30
agues are Tuesdays,
a.m. March 12. Shabbat ends at
s and Thursdays
7:04 p.m. United Synagogue
ril 28 for girls and
Youth (USY) Havdalah and Des-
nine to 12. A fee is
serts at 7:30 p.m. followed at 8 '
ntact Linda'Feffer-
p.m. by the USY Talent Show
tball Coordinator,
March 12. Enjoy the songs, acts, -
or Ifeffer-
dances and comedy. Admission
srg. BAFTY'sannual
is, $5 and will benefit our own
fiction will be March
chapter, USY, Inc. Shabbat eve-
avdalah, dinner and
ning services will be; conducted
:tion to raise money
nny, a camp run by
by Rabbi' David D. Schonbium
whose sermon topic will be
iderprivileged'chil-
'Minding Your Business' at 8
Atlanta. Call Amy
p.m. March 18. Candle lighting is
wth director, at ext.
at 6:13 p.m. Shabbat morning
services will be conducted by
Rabbi David D. Schonbium who
el, 137 NE 19th St.,
will discuss the Torah portion,
DO: Hamentaschen
Vayikrahat 9:30 a.m. March 19.
101 Course will be
Shabbat ends at 7 :07 p.m. Purim
10 a.m. March 13.
Carnival and Klezmer Concert
to make Purim's
from 10 a.m. to 2:30 p.m. March
kie dough. RSVP to
20. Enjoy the games, rides and
at 305 -573 -5900,
tasty foods. Listen to, sing, and
30th Annual Cantor
dance the joyful Kiezmer songs
as Spring Music Fes -
and melodies. Kids Club sched-
;hts of 20th Century
ule, open to children in kinder -.
:" at 1 p.m. March 13
garten through fifth grade: Meet-
iong other cantors,
ings will, be held on Wednesday
torial Soloist, Karina
evenings, April 13 and May 11. All
Cost: $18. Calf
events will be held at the Temple.
10 to RSVP( Sister-
Dues for the year are.$60, which
Its "Do-Re-M!". donor
will include regularly scheduled
11:30 a.m. March 17.
activities and snacks. Visit
the opportunity to
www.tsoomiami.org.
great people, enjoy
nd contribute to the
lrams..For reserva-
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COURTESY NOTICE
CITY OF SOUTH MIAMI, FLORIDA
On Tuesday, March 15, 2005, beginning at 7:30 p.m., in the City Commission Chambers,
6130 Sunset Drive, the City Commission will: hold Public Hearings to consider the
following Items:
AN ORDINANCE AMENDING THE CITY OF SOUTH MIAMI PENSION PLA
PROVIDING FOR ELIGIBILITY AT DATE OF EMPLOYMENT FOR POLIC
OFFICER EMPLOYEES OF.THE CITY OF SOUTH MIAMI; PROVIDING FOR A
MINIMUM RATE OF BENEFIT ACCRUAL FOR POLICE OFFICER
EMPLOYEES,
AN ORDINANCE ADOPTING A DEVELOPMENT AGREEMENT PURSUANT
TO FLORIDA STATE STATUE 163.3221 FOR A UNIFIED DEVELOPMENT
PROJECT KNOWN AS "PROJECT SUNSET "WHICH WILL INCLUDE THREE
BUILDINGS UP TO FOUR (4) STORIES IN HEIGHT AND THE FOLLOWING
USES: 106 MULTI - FAMILY RESIDENTIAL UNITS, RETAIL USES, OFFICE
USES, RESTAURANTS, BANK AND A'PARKING GARAGES; ALL FOR
PROPERTY LOCATED GENERALLY AT 5750 SUNSET DRIVE AND LEGALLY
DESCRIBED AS LOTS 6 THRU 9,40 THRU 45,53 THRU 66 INCLUSIVE AND,
THE EAST 50 FEET OF LOTS 51 AND 52 OF W. A. LARKINS SUBDIVISION
ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 3 AT
PAGE 196 OF THE PUBLIC RECORDS OF MIAMI -DADE COUNTY.
A RESOLUTION FOR A SPECIAL EXCEPTION APPROVAL TO LOCATE A
LARGE OFFCESCRETAL)VBUI DING AT 7150'7160 STORY
SW 62 MIXED AVENUE IN MEDICAL
"TODD (MU -5)11, TRANSIT ORIENTED DEVELOPMENT DISTRICT (MIXED
USE 5).
A RESOLUTION FOR A SPECIAL USE APPROVAL TO 'LOCATE FOUR
GENERAL RESTAURANTS AS PART OF "PROJECT SUNSET" A UNIFIED .
DEVELOPMENT WITHIN - THE !`SR (HD -OV)" SPECIALTY RETAIL
(HOMETOWN DISTRICT OVERLAY) ZONING DIS RICT ALL FOR PROPERTY
LOCATED GENERALLY AT 5750 SUNSET DRIVE D LEGALLY DESCRIBED
50 LFEET6OF LOTS451HAND55230FRW66AINLA SiINSASUBDIVSIION
ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 3 AT
PAGE 196 OF THE PUBLIC RECORDS OF MIAMI -DADE COUNTY.
Inquiries concerning the above two items should be directed to the City Clerk's
office at 305 - 663 -6340:
ALL interested parties are invited tgattend and will be heard.
Maria M. Menendez
City Clerk.
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