Title
RESOLUTION NO. 24R-09-187: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL APPROVING THE TENTATIVE BUDGET AS APPROVED BY THE BOARD OF DIRECTORS FOR FISCAL YEAR 2025 FOR THE HABITAT SAFE NEIGHBORHOOD IMPROVEMENT DISTRICT WHICH SHALL BE INCORPORATED INTO THE CITY OF LAUDERHILL BUDGET FOR FISCAL YEAR 2025; PROVIDING NOTICE FOR PUBLIC HEARING; PROVIDING FOR AN EFFECTIVE DATE.
Body
Pass a Resolution to approve the Tentative Budget for the Habitat Safe Neighborhood Improvement District Fiscal Year 2025 which will be incorporated into the City of Lauderhill Fiscal Year 2025 Budget in the total amount of $138,508.00
Need: (Why is there a need for this action?)
Florida Statutes, Section 163.5151 requires the City Commission of the City of Lauderhill to approve the Tentative Budget for the District for Fiscal Year 2025 prior to the final adoption by the District Board of Directors.
Summary Explanation/ Background: (Provide a summary/background of this agenda request)
Florida Statutes, Section 163.5151 requires the Habitat Safe Neighborhood Improvement District to prepare and adopt an annual budget for each Fiscal Year. This District Budget will be incorporated into and become a part of the City of Lauderhill General Budget for Fiscal Year 2025. Pursuant to the Statutory requirement, prior to the adoption of the Final Budget by the District Board of Directors on September 26, 2024, the Tentative Budget must be approved by the City Commission of the City of Lauderhill. This Resolution is the approval by the City Commission of the Tentative Budget as approved by the District Board of Directors prior to the adoption of the Final Budget. The non-ad valorem and ad valorem tax assessments designated within the Budget will be collected by the Broward County Property Appraiser’s Officer as the uniform method of collection on the Annual Tax Bill. Authorization is given to the District to levy ad valorem taxes up to 2.0 mills annually and non ad-valorem special assessments to support planning & implementation of district improvements not to exceed $250 for each individual parcel of land per year.
Attachments: (Number all attachments consecutively)
Habitat Safe Neighborhood Improvement District Tentative Budget
Cost Summary/ Fiscal Impact: (Include projected cost, approved budget amount and account number, source of funds, and any future funding requirements)
Total Tentative Budget is $138,508.00