Title
RESOLUTION NO. 24R-09-189: 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 MANORS OF INVERRARY 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 Manors Safe Neighborhood Improvement District Fiscal Year 2025 which will be incorporated into the City of Lauderhill Fiscal Year 2025 Budget in the amount of $240,560.00 for the Condo I Association, and in the amount of $71,295.00 for the Condo XI Association, and in the amount of Zero Dollars ($0) for the Common Area Master Association and in the amount of Zero Dollars ($0) for the Condo XII Association, all the assessments being imposed Fiscal Year 2025.
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 Manors 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 a...
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